Saudi Arabia has zero tolerance for all forms of terrorism

September 21, 2016

Jeddah, Sep 21: The Kingdom takes a firm stance against all forms of terrorism whether at the local or international level. It takes significant concrete steps in the fight against the dangerous phenomenon and its devastating consequences. In addition to its leadership at conferences and meetings, Saudi Arabia was the first country to sign a treaty against international terrorism at the OIC in May of 2000.

Saudi

The clear efforts carried out by the Kingdom have earned it accolades, most recently two days ago at the 71st Session of the United Nations General Assembly.

UN Secretary-General Ban Ki-moon expressed his appreciation for the Kingdom’s efforts and contributions to the fight against terrorism in a statement by deputy spokesman Farhan Haq.

“I emphasize the appreciation of the secretary-general for the contributions made by the Kingdom to the fight against terrorism, including its funding for the Counterterrorism Center,” he said. The Kingdom has provided more than $110 million in funding for the center established in 2011.

On the local level, the Kingdom has fought terrorism by increasing and improving preventative security measures as well as through the actions of security personnel in security confrontations with terrorists.

Saudi security personnel have achieved remarkable results in dealing with such criminals without endangering the lives of citizens living in neighborhoods where the terrorists hide. A remarkable 95 percent of terrorist operations have been thwarted, thanks to a comprehensive security strategy put in place by security authorities. Authorities have also been able to weaken the means of funding and support for the terrorists who also present a danger similar to those carrying out operations on the ground.

The Kingdom has made significant efforts in fighting money laundering by amending its anti-money laundering regulations issued in Royal Order No. M/31 on 11/5/1433 to include many additional and applicable local and international requirements. The Kingdom also hosted a number of conferences, seminars, and training which dealt with money laundering, such as the 15th meeting of the Financial Action Task Force for the Middle East and North Africa in April 2012 in Jeddah.

Through other measures, the Kingdom has improved the means to organize and monitor the entry and exit of funds in order to ensure that funds are documented and bankers keep records of buyers and sellers. Inspections and supervision of money exchange companies are a regular occurrence.

Through its Standing Committee on Anti-Money Laundering, chaired by the Saudi Arabian Monetary Ageny (SAMA) governor, the Kingdom has also formed four working teams concerned with risk, applicants, mutual assessments, and statistics, in order to be aware of developments related to these issues and take practical steps to apply recommendations.

On the international level, the Kingdom has worked to stop the flow of resources of to terrorism and has fought Daesh as part of an international coalition to combat terrorist groups. The Kingdom has monitored for years the actions of such groups in surrounding countries, and has taken steps to close down organizations that fund these organizations under the cover of charity. Additional laws have been passed criminalyzing the funding of terrorism. The Islamic Coalition of 40 states committed to the fight against terrorism recently selected Riyadh to host its meeting to address bilateral efforts in this regard.

The Kingdom also played a prominent role in recent years in helping uncover terror plots and the infiltration of terrorist elements into European cities. In October 2015, British Prime Minister David Cameron revealed his country had received information from the Kingdom about a suicide bombing in London; in 2010, information from the Kingdom uncovered a terrorist attack using bombs on a ship from Yemen to the United States. At the time, President Obama thanked the Kingdom for its role in preventing the planned operation. Security officials from the Kingdom also met with their German counterparts to exchange information and about a terrorist attack that occurred in Germany when the perpetrator had used a Saudi telephone line to contact a Daesh member.

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March 18,2020

Dubai, Mar 18: Emirates, one of the world's biggest international airlines, has asked pilots to take unpaid leave to help it mitigate the impact of the coronavirus pandemic that has shattered demand for global travel.

"To this end you are strongly encouraged to make use of this opportunity to volunteer for additional paid and unpaid leave," the airline said in an internal email to pilots, seen by Reuters.

Emirates earlier this month asked some staff to take unpaid leave, although at that time it was not available to pilots.

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News Network
March 11,2020

Riyadh, Mar 11: Energy titan Saudi Aramco said Tuesday it will boost crude oil supplies to 12.3 million barrels per day in April, flooding markets as it escalates a price war with Russia.

Riyadh had already slashed its price for April delivery after Russia refused its proposal that producer alliance OPEC+ orchestrate a co-ordinated cut of 1.5 million barrels per day.

The production cut had been mooted to shore up global oil prices, which have gone into meltdown as the deadly new coronavirus casts a pall over the world economy, but now price cuts and rising output indicate an unravelling of OPEC+ co-operation.

"Saudi Aramco announces that it will provide its customers with 12.3 million barrels per day of crude oil in April," the company said in a statement to the Saudi stock exchange.

Saudi Arabia, the world's biggest crude exporter has been pumping some 9.8 million bpd so its announcement on Tuesday means it will be adding at least 2.5 million bpd from April.

"The Company has agreed with its customers to provide them with such volumes starting 1 April 2020. The Company expects that this will have a positive, long-term financial effect," the statement said.

Saudi Arabia says it has an output capacity of 12 million bpd but it is not known for how long it can sustain such levels.

The kingdom also has millions of barrels of crude stored in strategic reserves to be used when needed and is expected to use it to provide the extra supply to the global market.

"Production above 12 million bpd shows the Saudis have something to prove," director of Britain-based RS Energy Bill Farren-Price said.

"This is a grab for market share. The taps are open and the prices have been cut sharply," Farren-Price told AFP.

In a quick response, Russian Energy Minister Alexander Novak said Moscow could boost production in the short term "by 200,00-300,000 bpd, with a potential of 500,000 bpd in the near future".

But he stressed that Moscow was in favour of extending a December agreement that had seen OPEC and Russia agree to cut production by 500,000 barrels per day in 2020, lowering output from October 2018 levels by 1.7 million barrels per day.

The events of recent days have signalled a disintegration of collaboration between OPEC and Russia.

Russia is a non-OPEC member and the world's second-biggest oil producer, but Moscow and other non-members have in recent years co-operated with the oil cartel in an arrangement known as OPEC+.

The Saudi price cuts over the weekend, which were the first salvo in the price war, sent oil prices crashing -- registering the single biggest one-day loss in three decades on Monday.

Saudi Arabia draws around 70 per cent of its revenues from oil, and the revenues are key to ambitious reform programmes launched by Crown Prince Mohammed bin Salman.

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News Network
April 25,2020

Riyadh, Apr 25: Saudi Arabia announced nine deaths and 1,197 new cases of the COVID-19 virus on Saturday.

Of these cases, 120 were recorded in Madinah, 364 in Makkah, 271 in Jeddah, 170 in Riyadh and 43 in Dammam.

The number of people who had recovered from the coronavirus in the Kingdom increased to 2,214 after 165 patients were reported to have recovered.

A total of 136 people have died of the disease in the Kingdom so far.

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