Sushma Swaraj meets Saudi King, inaugurates Janadriyah festival

Agencies
February 8, 2018

Riyadh, Feb 8: External Affairs Minister Sushma Swaraj today met Saudi King Salman bin Abdulaziz who inaugurated the prestigious National Heritage and Culture Festival Janadriyah at which India is the guest of honour country.

King Salman in the presence of Swaraj inaugurated the festival which exhibits Saudi Arabias rich tapestry of culture and heritage and is organised by the National Guard.

Speaking at the inaugural function, Swaraj thanked Saudi Arabia for according the Guest of Honour status to India at the Janadriyah festival, an official statement said.

She recalled the landmark visit of Prime Minister Narendra Modi to Saudi Arabia in April 2016 which gave strong impetus to the bilateral partnership, it said.

Swaraj added that the festival provides an opportunity to showcase and further build upon this relationship, the statement said.

"Indias participation at the Janadriyah Festival provides an opportunity to showcase our strong bilateral relationship: EAM @SushmaSwaraj,", Ministry of External Affairs spokesperson Raveesh Kumar tweeted.

Showcasing the core values and traditions of India, the India Pavilion mounted on the occasion is based on the theme "Saudi ka Dost Bharat", the official statement said.

"EAM @SushmaSwaraj receives His Majesty King Salman at the India Pavilion showcasing the traditional and modern aspects of India! The Pavilion with the theme Saudi ka dost Bharat is a big draw at Janadriyah," Kumar said in another tweet.

Swaraj, who arrived here yesterday on her maiden visit to Saudi Arabia, called on King Salman here.

They discussed steps to further intensify the bilateral strategic partnership in all sectors and to work towards each others progress.

"Steps to further intensify our strategic partnership in all sectors and to work together towards each others progress came up during warm discussion," Kumar tweeted.

Earlier, Swaraj met her Saudi counterpart Adel al-Jubeir and discussed ways to enhance bilateral trade, energy, defence and security ties.

Kumar said the discussions between the two leaders focused on enhancing trade and investment, energy, defence and security, culture and people-to-people ties.

The two leaders also discussed the regional and global situation, Kumar said.

Swaraj reaffirmed Indias support to peace in the region and called for collective efforts in fighting the menace of terrorism, the statement said.

She called for taking the strategic partnership to a higher level and in a variety of sectors, it said.

Swaraj said that Indias flagship programmes including Make in India and Digital India complement well with Vision 2030 launched by Saudi Arabia and invited Saudi investments in India, it added.

A welcome sign in Hindi appreciating Indias rich cultural heritage was placed at the Foreign Ministry building where Adel Jubeir hosted a lunch in honour of Swaraj.

Last evening, Swaraj addressed Indian community members at a reception here and spoke in length about the growing relations between the two countries, Kumar said.

Swaraj thanked the Indian community for the goodwill it has earned for the country and lauded the Indian embassy for its promptness.

Saudi Arabia is home to more than 3 million Indian people and ties between the two countries are on an upswing in the last few years especially after the landmark visit of Prime Minister Narendra Modi to the Gulf Kingdom in April 2016.

Saudi Arabia is Indias fourth largest trade partner after China, the US and the UAE. The country is a major source of Indias energy requirement as it accounts for almost one- fifth of Indias crude oil requirement.

The volume of bilateral trade during 2016-17 was recorded at USD 25.079 billion, a slight decrease from the USD 26.71 billion in 2015-16.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
March 9,2020

Riyadh, Mar 9: Schools and universities will be closed in Saudi Arabia from Monday to control the spread of coronavirus.

The Saudi Ministry of Education said the “preventive and precautionary” measures were recommended by the health authorities and are designed to protect students and staff.

The decision covers all educational institutions, including public and private schools, and technical and vocational training institutions.

“The Minister of Education directed that virtual schools and distance education be activated while the schools are closed to ensure that the educational process continues in an effective and quality manner,” the ministry said.

The Kingdom's Education Minister, Hamad bin Mohammed Al-Asheikh, confirmed that the decision was a precautionary step and said that they are conducting daily and weekly evaluations before returning to school.

Meanwhile, the Minister of Health, Tawfiq Al-Rabiah, confirmed that there have been no coronavirus cases in any educational facility in the Kingdom.

“Thank God, the situation is reassuring, and there has been no case in any educational facility. However, the increasing cases in countries have made us keen to enhance the safety of our sons and daughters. So we coordinated with the Ministry of Education to close the schools temporarily,” he said in a tweet on Sunday.

The education ministry has set up supervision offices to help coordinate the distance learning, and respond to parents’ inquiries.

A new committee set up by the ministry will also ensure the virtual schools are functioning through the distance learning methods provided by the ministry.

These include the virtual school platform (Vschool.sa) and mwterials available from the Apple and Android stores.

It will also provide lessons through the “Ain” TV channeland as well as on YouTube via this link: www.youtube.com/dorosien.

The General Presidency for the Affairs of the Grand Mosque and the Prophet’s Mosque also said on Sunday that it will suspend the visitation programs in its external facilities as part of recommended precautions to prevent the spread of the coronavirus and ensure the safety of visitors.

The facilities include the King Abdulaziz Complex for the Covering of the Holy Kaaba, the Gallery of the Two Holy Mosques, and the Library of the Holy Mosque of Makkah.

“The presidency has taken a series of precautionary measures to prevent the spread of the virus, by intensifying sterilization work that is taking place around the clock, and has been keen on coordination and joint cooperation with all relevant government sectors,” it said in a statement issued on SPA.

It added that these preventive efforts come within the procedures that are being implemented by the Saudi government seeking to combat the spread of the new virus, to protect the people of the Two Holy Mosques in particular, and citizens and residents in the Kingdom in general.

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News Network
May 2,2020

Dubai, May 2: Saudi Arabia has confirmed 1,362 new coronavirus cases, bringing the total number of COVID-19 patients in the country to 25,459, the Ministry of Health reported Saturday.

In the daily media briefing, the ministry announced 7 more deaths and 210 new recoveries, raising the total number of fatalities and recoveries to 176 and 3,765, respectively.

Out of the 1,362 new cases reported today, 249 were confirmed in Medina, 245 in Jeddah, 244 in Mecca, 161 in Riyadh, in addition to 126 infections in Dammam, 81 in Khobar and 80 in Jubail.

Dr. Mohammed Al Abd Al Aly, spokesman for Saudi Arabia’s Ministry of Health reiterated that so far there was no evidence that hot weather will curtail the spread of coronavirus.

Authorities continue to urge people to stay at home unless necessary despite having relaxed some restrictions and curfews at the start of Ramadan.

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