Riyadh - SAU
Riyadh, April 3, 2018 (AFP) -Saudi King Salman reaffirmed support for Palestinians to US President Donald Trump, state media said Tuesday, after his son and heir apparent said Israel has a "right" to a homeland.
The king "reaffirmed the kingdom's steadfast position towards the Palestinian issue and the legitimate rights of the Palestinian people to an independent state with Jerusalem as its capital," the official Saudi Press Agency said.
The king also emphasised the need to advance the Middle East peace process in a phone call with Trump, which came after Israeli forces killed 17 Palestinians last week during a demonstration on its border with Gaza.
Saudi Arabia and Israel have no formal diplomatic relations, but behind the scenes their ties appear to have improved in recent years against what they see as a common Iranian threat.
Israel's conflict with the Palestinians has long proved an obstacle to a full rapprochement, however, as Riyadh still supports the Palestinian claim to sovereignty.
But Crown Prince Mohammed bin Salman indicated a notable shift in the kingdom's position in an interview published Monday with US news magazine The Atlantic.
The prince was asked by the magazine whether the "Jewish people have a right to a nation-state in at least part of their ancestral homeland?"
"I believe that each people, anywhere, has a right to live in their peaceful nation," said the prince, who is on a three-week US tour.
"I believe the Palestinians and the Israelis have the right to have their own land," he added.
"But we have to have a peace agreement to assure the stability for everyone and to have normal relations."
Since 2002, Saudi Arabia has been the main sponsor of the Arab Peace Initiative, which envisions a two-state solution to the Israeli-Palestinian conflict.
No senior Saudi official is known to have previously accepted that Israel has a right to any land beyond the practical need to secure a lasting deal.
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Saudi king reaffirms support for Palestinians after Israel comments
Saudi king reaffirms support for Palestinians after Israel comments
Saudi anti-corruption authority reveals details of recent cases
- Spokesman said legal procedures had been initiated against all perpetrators
RIYADH: An official from Saudi Arabia’s Oversight and Anti-Corruption Authority, also known as Nazaha, revealed on Sunday details of a number of recent criminal cases it recently investigated and prosecuted.
Outlining twenty of the most prominent corruption cases, the spokesman said legal procedures had been initiated against all perpetrators.
In one case, two Central Bank employees were arrested for receiving sums of money from a resident, who was also arrested, in exchange for depositing over SR7.3 million ($1.95 million), without verifying their source, into bank accounts belonging to commercial entities over a two-year period.
In another case, a security officer working at the General Department of Traffic was arrested for receiving SR387,000 from the owner of a public services office, who was also arrested, in exchange for illegally amending the essential data of a group of vehicles and trucks.
One of the cases also highlighted involved an employee working at a University Hospital in one of the regions who was arrested for receiving SR100,000 from citizens in exchange for a promise to employ them at the university.
Nazaha has said it continues to work to identify and prosecute anyone involved in the embezzlement of public funds, abuse of power and position for personal gain, or otherwise harming the public interest.
It stressed that guilty parties can be pursued and held accountable even after retirement because there is no statute of limitations on such crimes.
Saudi Awwal Bank reports 16 percent growth in Q1 net profit at SR2 bn
Lubna S. Olayan, chair of the board of directors of Saudi Awwal Bank, announced the bank’s financial results for the period ending March 31.
SAB recorded a net profit after zakat and income tax of SR2.04 billion ($543.9 million) for the period ending March 31, representing an increase of 16 percent compared to the same period of 2023. The total operating income rose 7 percent to SR3.44 billion.
Commenting on the financial results, Olayan said: “I am delighted to share with you the highlights of our achievements in the first quarter of 2024. It has been an exceptional period for SAB, marked by achieving significant milestones and continued success.
“Our loan growth has been remarkable, outpacing the market with a solid 6 percent year-to-date increase. This growth has been primarily driven by institutional and large corporate businesses, showcasing the strength of our offerings in these segments. Notably, our mortgage growth has also been a key component of growth, with a commendable 16 percent origination market share.”
She said SAB’s trade-related business has experienced a similar upward trajectory, rising by 6 percent, with multinational activity continuing to expand, underscoring the bank’s global reach and influence.
Olayan added: “In addition, I am pleased to announce that we have achieved record revenue of SR3.4 billion, representing an impressive 8 percent quarter-on-quarter growth. This exceptional performance has contributed to a return on tangible equity of 16.5 percent, reflecting a 16 percent year-on-year increase in net income.
“Our commitment to excellence underlies these results and has garnered industry recognition, as we were honored with the esteemed ‘Best Trade Finance Provider in Saudi Arabia’ award by Global Finance and the prestigious ‘Best Domestic Private Bank in Saudi Arabia’ award by Euromoney Private Banking Awards. These accolades highlight the strength and diversity of our services and our unwavering dedication to meeting our customers’ needs with efficiency and innovation.”
She said that amidst a challenging global environment, SAB has also experienced success in furthering its sustainability agenda.
“As we look toward the next three years from a business perspective, we have strengthened our ESG governance, sustainable finance practice, and focus on climate change. Our commitment to sustainability has been recognized by Global Finance designating SAB the ‘Best Bank for Sustainable Finance in Saudi Arabia.’“
Olayan said that the bank’s strategy positions it as a future-ready institution, a leader in the digital and ESG realms, and a clear leader outpacing the lending market.
“We also aim to be a formidable player in corporate banking and treasury, while continuing to enhance our reputation as the bank of choice for an even broader range of customers.
“Lastly, our partnership with HSBC remains instrumental to our success and journey, further solidifying our position as one of the leaders in the banking industry in the Kingdom of Saudi Arabia,” she added.
Olayan thanked the bank’s board members, senior management committees, and the entire SAB staff. “I extend my sincerest gratitude to them for their contributions. I would also like to express our appreciation to HSBC for their unwavering support and to the Saudi leadership and our regulators, the Saudi Central Bank and the Capital Market Authority, for their continued guidance and assistance,” she added.
Niger receives new Russian advisers, equipment
- US Defense Secretary Lloyd Austin indicated on Thursday that Russian troops were now installed at a Nigerien air base near the Niamey airport that also houses US troops
NIAMEY: New Russian military advisers and military equipment have arrived in Niger, according to state television in the African country that wants US forces to leave.
A first set of about 100 Russian advisers arrived in Niger on April 10, along with air defense systems.
Two military transporters arrived on Saturday, according to Tele Sahel that said Russia has now sent three cargo planes of military material and instructors in the past month.
The Africa Corps, seen as the successors of the Wagner paramilitary group in Africa, confirmed the instructors’ arrival in a posting on the group’s Telegram account.
FASTFACT
US Defense Secretary Lloyd Austin indicated that Russian troops were now installed at an air base near the Niamey airport that also houses US troops.
On Saturday, it said more trainers, equipment, and food products had arrived.
US Defense Secretary Lloyd Austin indicated on Thursday that Russian troops were now installed at a Nigerien air base near the Niamey airport that also houses US troops.
Niger’s military regime, which took power in a July 2023 coup, expelled French troops based in the country and then denounced a military cooperation agreement with the US.
It said this had been “unilaterally imposed” by Washington.
Washington agreed in April to withdraw roughly 1,000 soldiers from the country.
Negotiations are underway between the United States and Niger about the withdrawal.
US forces have a key drone base near Agadez, built at a cost of about $100 million.
Niger’s military leaders have moved closer to Russia, as have Mali and Burkina Faso, which also have military coup leaders and are fighting rebel groups affiliated with Al-Qaeda and Daesh.
In April, Idrissa Soumana Maiga, head of the private L’Enqueteur newspaper, was imprisoned after an article mentioned the “presumed” installation of Russian listening devices in official buildings.
LuLu festival celebrates 24 varieties of Saudi mangoes
LuLu Hypermarket’s “Saudi Mango Festival” has turned the spotlight on the different varieties of the sweet fruit grown in Saudi Arabia. Twenty-four local varieties of Saudi mango are on display in the aisles of all Lulu outlets across Saudi Arabia for the duration of the festival, running from May 1-7.
The festival was inaugurated simultaneously in three cities — in LuLu Atyaf Mall, Riyadh by Muhammad Al-Abdullatif, assistant undersecretary for agricultural facilities and supportive services, and M. Suleiman bin Saleh Al-Jutaili, director general of the General Administration of Marketing and Agricultural Associations; in LuLu Al-Ruwais, Jeddah, by Majid bin Abdullah Al-Khalifa, director general of the Ministry of Environment, Water and Agriculture, Makkah region branch, and his deputy Walid Al-Daghis; and in Dammam’s LuLu Hypermarket, Ash Shatea Ash Sharqi District, where the festival was organized in cooperation with the Alrowia Cooperative Society for Agricultural Marketing, and inaugurated by Fahd bin Ahmed Al-Hamzi, general manager of the Ministry of Environment and Agriculture, Eastern Province branch.
The festival is part of a long-term program to promote Saudi agricultural products and support Saudi farmers. It presents shoppers with an opportunity to bite into the juicy goodness of popular Saudi mango varieties such as Sudani, Baladi (Kabeer, Koora and Zibta varieties), Zill, Thoomi, Keeth, Selastion, Shila, Zibta Ahler and others. Also on offer are varieties from other countries that were painstakingly grafted and cultivated in Saudi soil, such as the Langra, Thai and Indian varieties, some South American and African mangoes, and more.
The Saudi Mango Festival 2024 presents the juicy harvest in many celebrated forms, ripe and raw, cooked and lightly salted or dusted with complementary spices, in addition to desserts, curries, pickles and smoothies. There are also promotions galore and treats in the Lulu Hot Food and Cold Food section, including items such as mango fish curry, mango chicken curry, stuffed chicken breasts, traditional delicacies like aamras (mango puree) and puri bread, and healthy drinks.
“I am very pleased to inaugurate the mango festival this year. The Saudi mango has seen a bumper harvest this year and LuLu has highlighted this delicious fact,” said Al-Abdullatif. “We will keep innovating in our Saudi agricultural arena and hope to have many varieties of popular fruit and vegetables for the health-alert and taste-conscious Saudi shopper through LuLu.”
“Lulu Hypermarket is once again pleased to bring the goodness and deliciousness of mango to fans in Saudi Arabia and especially promote the 24 Saudi varieties,” said LuLu Saudi Director Shehim Mohammed. “Full of vitamins, fiber and taste, this is a great summer fruit and this promotion is a great way to applaud the efforts and success of Saudi farmers. We wish all our shoppers happy mango tasting!”
Also present at the Riyadh inauguration were Dr. Ibrahim Al-Turki; Nayef Al-Masoudi, director of agricultural projects at the Council of Associations; and Khaled Hanifat, Jordanian minister of agriculture.
The accompanying delegation in Jeddah consisted of Assistant Director General for Technical Affairs Dr. Abdul-Mane bin Issa Al-Khaibari, Director of the Agriculture Department at the Ministry’s branch in Makkah Muhammad bin Ali Al-Shehri, Director of the Office of the Minister of Environment in Jeddah Governorate Ahmed bin Al-Harithi, and his deputy Reem bint Ahmed Bahamdeen.
What We Are Reading Today: ‘Experiments of the Mind’
Author: EMILY MARTIN
Experimental cognitive psychology research is a hidden force in our online lives. We engage with it, often unknowingly, whenever we download a health app, complete a Facebook quiz, or rate our latest purchase.
How did experimental psychology come to play an outsized role in these developments? “Experiments of the Mind” considers this question through a look at cognitive psychology laboratories. Emily Martin traces how psychological research methods evolved, escaped the boundaries of the discipline, and infiltrated social media and our digital universe.
