Saudi foreign policy favors peace over escalation: FM

Arab News
September 30, 2018

Jeddah, Sept 30: Saudi foreign policy is based on consistent principles, including peacefully resolving disputes and preventing escalation, Foreign Minister Adel Al-Jubeir told world leaders at the UN General Assembly in New York. Countering Iran’s “subversive strategies” is an important part of solving the many conflicts plaguing the Middle East, he said.

“Our region has never been spared from the scourge of terrorist groups,” he added, outlining Tehran’s support for such groups. The Houthi militia in Yemen depends on Iran, which has provided ballistic missiles that have been fired at Saudi cities, Al-Jubeir said. Saudi Arabia will “continue to facilitate all humanitarian efforts to end the disaster plaguing the Yemeni people,” he said. “We have sought to support the Yemeni economy, including recently with the establishment of a $2 billion fund based at the Central Bank of Yemen.”

Terrorism and extremism are among the most important challenges facing the entire world, Al-Jubeir said.

“We renew our call… for intensifying international cooperation to eliminate all forms of terrorism and to drain its sources of funding, and to punish those who support it and feed its activities in any way,” he added.

The boycott of Qatar is necessary as the country supports terrorism, harbors extremists and allows hateful rhetoric through its media outlets, he said.

“Sovereignty is a red line,” he added, saying the Kingdom rejects interference in its internal affairs “from any country.”

“Saudi Arabia has taken care of the Syrian people, and fulfilled Syrians’ aspirations to live safely in their land and to reach a political solution in accordance with the principles of the Geneva Declaration,” Al-Jubeir added.

“The Kingdom has worked to unite the Syrian opposition so that it can negotiate with the regime to ensure the security and stability of Syria and its unity, and to prevent foreign interference,” he said.

Al-Jubeir reiterated the need to “resolve the Libyan crisis” and preserve the country’s “unity and territorial integrity.” He also reaffirmed the Kingdom’s support for the efforts of the UN and its envoy to Libya. “The Kingdom is one of the largest donor countries in the humanitarian and development fields,” Al-Jubeir said.

Its assistance amounts to 3.7 percent of Saudi gross domestic product (GDP), “surpassing the UN-proposed rate of 0.7 percent of GDP,” he added.

Al-Jubeir highlighted the Kingdom’s “sincere partnership with the world to have a prosperous present and a bright future, and for future generations to live in security, stability and peace.” He wished the UN “more success in achieving its lofty goals.”

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News Network
March 11,2020

Mar 11: Energy giant Saudi Aramco on Wednesday said it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies.

"Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 million bpd," the company said in a statement to the Saudi Stock Exchange.

The decision comes a day after the world's top exporter, Saudi Arabia, decided to hike production by at least 2.5 million bpd to a record 12.3 million from April.

The Saudi moves come after the collapse of an oil production reduction agreement between OPEC and non-OPEC producers, including Russia.

The deal proposed by Saudi Arabia called for additional output cuts of 1.5 million bpd to cope with the severe economic impact of the coronavirus which has sharply reduced world demand for crude.

Boosting production capacity normally takes a long time and requires billions of dollars of investment.

Several years ago, the kingdom had shelved plans to boost its crude production capacity beyond 12 million bpd after demand for OPEC oil declined in the face of stiff competition from North American shale oil and other sources.

Russia on Tuesday said it was open to renewing cooperation with the OPEC cartel even as its kingpin Saudi Arabia escalated a price war with Moscow by announcing it would flood markets with new supplies.

The oil price war broke out after OPEC and a group of non-member countries dominated by Russia -- the world's second largest producer -- on Friday failed to agree on production cuts.

Saudi Arabia responded by announcing unilateral price cuts. This prompted the oil price to plummet and fuelled huge falls on stock markets around the world on Monday.

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News Network
April 30,2020

Riyadh, Apr 30: Saudi Arabia on Thursday recorded 1,351 new coronavirus cases in the last 24 hours, bringing the total number of infections in the country to 22,753, the Ministry of Health said in a statement.

The ministry also announced 5 more deaths and 210 new recoveries, raising the total number of fatalities and recoveries to 162 and 3,163 respectively.

Riyadh with 440 cases topped the list, followed by 392 cases in Makkah, 120 in Jeddah and 119 in Madinah.

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News Network
April 11,2020

Dubai, Apr 11: The UAE has conducted over 49,000 Covid-19 tests among UAE citizens and residents, it was revealed on Friday, using state-of-the-art technology in line with the 's plans to intensify virus screening in order to bring the disease under control.

The accelerated investigative measures helped detect 370 new coronavirus cases among various nationalities, all of whom are in a stable condition and receiving the necessary care.

This took the total number of infections in the country to 3,360, according to a MoHaP statement.

The Ministry also revealed the death of two patients suffering from Covid-19. Both of the deceased were Asian nationals and had pre-existing chronic illnesses. The total number of deaths has now reached 16.

The Ministry expressed its sincere condolences to the families of the deceased and wished a speedy recovery to all patients, calling on the public to cooperate with health authorities and comply with all precautionary measures, particularly social distancing protocols, to ensure the safety and protection of the public.

The Ministry also announced the full recovery of 150 new cases after receiving the necessary treatment, taking to 418 the total of those now recovered from the virus in the UAE.

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