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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 28,2020

Mar 28: Just hours after Prime Minister Narendra Modi spoke to the Abu Dhabi crown prince on the Coronavirus Pandemic, India “thanked the UAE authorities for accommodating the 19 Indian nationals who were stuck at Dubai airport for past several days”.

The Indian mission in Dubai tweeted, “They got stranded due to various restrictions to deal with Covid-19 pandemic. Hotel rooms have been given to them inside the airport. Our Consulate had been in constant touch with the Indian nationals and UAE and Indian authorities. We had also provided some financial help to enable our stranded passengers to buy food. The situation was tough due to the pandemic situation.”

During their conversation last evening, Abu Dhabi crown prince Sheikh Mohammed Bin Zayed Al Nahyan had “assured Prime Minister Narendra Modi about the welfare of the over two million Indians living in UAE and contributing to its economy”. PM Modi “thanked the Crown Prince for his personal attention to the health and safety of Indian expatriates in the present situation”.    

A statement issued late on Thursday night by the MEA said, “The two leaders exchanged information and views on the ongoing COVID-19 pandemic, the situation in their respective countries, as well as the steps being taken by their Governments. They agreed that the next few weeks would be crucial to control the spread of the virus, and required concerted and coordinated efforts by all countries. In this context, they appreciated the organisation of a Virtual Summit among G20 Leaders earlier in the day, to discuss the pandemic.

Both leaders emphasised the importance they attach to the strength and richness of the bilateral relationship. They agreed to maintain regular consultations between their officials in the present situation, particularly to ensure continuity of logistical supply lines.”

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 15,2020

Dubai, Apr 15: Saudi Arabia reported 493 new cases of coronavirus, bringing the total number of infections in the country to 5869, the Ministry of Health announced on Wednesday.

According to the ministry of health, the number of recoveries today are 42 cases, making total of recoveries in the kingdom 931. And 71 critical cases in intensive care.

The ministry also confirmed 6 deaths bringing the total number of deaths in the kingdom to 79.

Saudi Arabia imposed a 24-hour curfew and lockdown on the cities of Riyadh, Tabuk, Dammam, Dhahran and Hofuf and throughout the governorates of Jeddah, Taif, Qatif and Khobar. This week the curfew was extended until further notice.

Overall, Saudi Arabia has reported one of the lowest rates of infection in the region, with around 5,000 cases in a population of over 30 million. Mecca was one of the first Saudi cities to be placed under a full-day curfew, and authorities took unprecedented precautions, suspending religious tourism in February and closing mosques across the country in March.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.