Saudi Arabia records 21% increase in events, exhibitions

The report stated that 3,013 activities were approved during the first quarter of 2018. (Shutterstock)
Updated 21 June 2018
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Saudi Arabia records 21% increase in events, exhibitions

  • The report also stated that the program had launched accounts on Twitter, Linkedin and Youtube and had “received a large amount of interaction.” 

JEDDAH: The National Program for Exhibitions and Conferences in Saudi Arabia revealed it had approved 90 initiatives in the first quarter of 2018, of which 76 percent had been implemented as of March. The report stated that 3,013 activities were approved during the first quarter of 2018 — an increase of 21 percent over the same period last year. It also recorded 65 field visits to evaluate the exhibitions and conferences, 31 legal cases and the cessation of 16 unauthorized activities. The report also stated that the program had launched accounts on Twitter, Linkedin and Youtube and had “received a large amount of interaction.” 


Saudi Arabia’s NHC signs deal with Chinese company to boost building materials supply

Updated 8 min 15 sec ago
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Saudi Arabia’s NHC signs deal with Chinese company to boost building materials supply

RIYADH: Saudi Arabia’s building materials supply is set to get a boost with the signing of a deal between the National Housing Co. and a leading Chinese construction firm.

The agreement with China’s CITIC Construction Group seeks to establish an industrial city and logistic zones for building materials, comprising 12 factories, with the objective of securing supply chains for the NHC’s housing projects.

NHC CEO Mohammad Albuty finalized the deal during the official visit of Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail to China.

In a statement, the NHC said the agreement with the Chinese construction group are part of its efforts to secure supply chains for its housing projects and ensure their timely completion and high quality.

The Saudi company said the deal entails the construction of 12 factories specializing in building materials, harnessing Chinese expertise, and involving local factories to uplift business standards.

It added that the deal also aims to draw top-tier service providers across various sectors of the company, its subsidiaries, and other projects.

The company pointed out that the agreement is expected to maximize the economic and developmental impact of the real estate sector in the Kingdom, develop housing projects, enhance their quality, and promote national transformation in the construction sector through these industrial cities and logistic zones.

The statement also highlighted that this collaboration will facilitate the expansion of small and medium factories in the Kingdom, establish direct production lines for the company’s projects, and foster the growth of the local industry. Additionally, it will create numerous job opportunities in the sector.

The company said the agreement strengthen the comprehensive strategic partnership between Saudi Arabia and China, established during the Chinese president’s visit to the Kingdom in December 2022.


UK considered Rwanda-style asylum deal with Iraq

Updated 19 min 54 sec ago
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UK considered Rwanda-style asylum deal with Iraq

  • Documents seen by Sky News reveal London has struck returns agreement with Baghdad
  • They also suggest a desire to improve relations with Iran to return people to the country

LONDON: The UK considered sending asylum-seekers to Iraq for processing, new documents have shown.

Iraq is considered very dangerous, with the UK government advising against all travel to the country.

But a plan similar to the Rwanda scheme to process migrants in a third-party country was floated at one stage by Whitehall officials, with negotiations said to have achieved “good recent progress.”

The UK has struck a returns agreement with Baghdad for Iraqi citizens, which was achieved without a formal announcement or acknowledgement and a plea for “discretion,” the documents, seen by Sky News, suggest.

The cache of papers casts new light on the UK government’s approach to dealing with asylum-seekers and illegal migration, including a desire to improve relations with the Iranian Embassy in London in order to ease the repatriation of Iranian citizens, and moves to establish return agreements with Eritrea and Ethiopia.


IMF forecasts $14bn increase in Egypt’s foreign cash revenue

Updated 31 min 31 sec ago
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IMF forecasts $14bn increase in Egypt’s foreign cash revenue

RIYADH: Egypt’s foreign cash revenue is projected to surge by $13.7 billion from five key sources this year, a 14.6 percent increase over last year, according to the International Monetary Fund. 

This surge is largely due to investments in the Ras Al Hikma City development deal recently signed by the government with ADQ Holdings, as reported by CNBC Arabia. 

The IMF projected that foreign cash inflows from these five sources for the fiscal year 2023-2024 will total around $107.3 billion, compared to about $93.6 billion in 2022-2023. 

These sources encompass proceeds from commodity exports, tourism revenues, Suez Canal revenues, as well as private transfers and net foreign direct investment. 

Despite expectations of an increase in foreign cash revenue from these sources this year, the IMF anticipates inflows to decrease again in the next fiscal year, dropping below the levels of the previous year to approximately $91.2 billion. 

The fund forecasts foreign cash inflows from commodity exports to decline to $33.2 billion during the current fiscal year, compared to $39.6 billion last year, reflecting a decrease of about 16.2 percent, with an expected increase to $35.6 billion next year. 

It also predicts a decline in Egypt’s tourism revenues during 2023-2024 to around $12 billion, compared to $13.6 billion in 2022-2023, reflecting a decrease of about 11.8 percent, with an increase to around $12.6 billion in 2024-2025. 

Furthermore, the financial agency expects a decline in Suez Canal revenues during the current fiscal year to $6.8 billion, compared to $8.8 billion last year, marking a decrease of about 22.7 percent, with an anticipated increase to around $10 billion next year. 

As for net private transfers from abroad, they are anticipated to increase to around $23.1 billion during 2023-2024, compared to about $21.9 billion during 2022-2023, reflecting a 5.5 percent increase, and continuing to rise to $24.6 billion in 2024-2025. 

Similarly, net foreign direct investment inflows are projected to surge during the current year to around $32.2 billion, compared to $9.7 billion in the previous fiscal year, marking a 232 percent increase, and then decline next year to $8.4 billion. 
 


Bella Hadid celebrates fragrance launch in New York

Updated 41 min 42 sec ago
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Bella Hadid celebrates fragrance launch in New York

DUBAI: American-Dutch-Palestinian model Bella Hadid celebrated the launch of her new fragrance brand, Orebella, at a party held over the weekend at The Huntress New York.

In typical Hadid fashion, she turned heads in an archival Roberto Cavalli look from the label’s Spring/Summer 2003 collection, consisting of a petite yellow gown, matching lace-up corset, and gold stiletto sandals.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by Bella (@bellahadid)

The runway sensation turned to Instagram last week to showcase images of her fragrances, which are named “Salted Muse,” “Blooming Fire” and “Window2Soul.”

Crafted from glass and adorned with gold caps, the bottles are offered in 10, 50 and 100 ml.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by Bella (@bellahadid)

Hadid in her caption described the fragrances as “hydrating, alcohol-free and enriched with essential oils.” She urged her followers to “shake to activate the transformative bi-phase formula.”

The “Salted Muse” perfume has “top notes” of sea salt, pink pepper and carbon dioxide extract, “heart notes” of olive tree accord, fig and lavender, and “base notes” of cedarwood, sandalwood and amber, according to reports.

The “Blooming Fire” fragrance has bergamot, cedarwood, clove leaf and cardamom, followed by Tahitian monoi and jasmine, and finishes with patchouli.

The “Window2Soul” scent has a blend of lemon, geranium and mint in its top notes, transitions to jasmine and damask rose, and concludes with a base of tonka bean.

Hadid wrote on her website: “For me, fragrance has always been at the center of my life — helping me feel in charge of who I am and my surroundings,” she said. “From my home to nostalgic memories, to my own energy and connection with others, scent has been an outlet for me. It made me feel safe in my own world.”

“Through my healing journey, I found that I was extremely sensitive to the alcohol in traditional perfumes — both physically and mentally — it became something that was more overwhelming than calming to me,” she added. “That is the main reason I wanted to find an alternative, so essential oils became an artistic and experimental process for me.”

While Hadid’s New York trip has primarily been spent promoting Orebella, she is expected to attend the Met Gala in a few days.


’Where can we go?’ say Rafah residents as Israel demands evacuation

Updated 06 May 2024
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’Where can we go?’ say Rafah residents as Israel demands evacuation

  • Areas designated for evacuation currently shelter some 250,000 people
  • Israel’s retaliatory offensive, aimed at destroying Hamas, has killed at least 34,683 people in Gaza, mostly women and children

Rafah: Palestinian civilians in the southern Gazan city of Rafah voiced despair on Monday as Israel dropped fliers urging them to evacuate for their own “safety” ahead of a “limited” military operation.
Israel’s army said it was instructing Palestinian families in eastern Rafah to flee in preparation for an expected ground assault on the city which abuts Gaza’s border with Egypt.
Residents of Rafah described emerging outside after a terrifying night in which around a dozen air strikes were carried out on Rafah, to find fliers falling from the sky telling them to “evacuate immediately.”
“The army is working with intensive power against the terrorist forces near you,” read a flier circulated in eastern Rafah.
“For your safety, the IDF (Israeli military) tells you to evacuate immediately toward the expanded humanitarian zone of Al-Mawasi,” it said, with a map indicating the location to the north of Rafah.
Osama Al-Kahlout, of the Palestinian Red Crescent Society in Gaza, told AFP that the areas designated for evacuation currently shelter some 250,000 people, many of whom have already been displaced from other areas in the Gaza Strip.
“The evacuation process has begun on the ground, but in a limited manner,” he said.
An Israeli militark spokesman, when asked how many people should move, said: “The estimate is around 100,000 people.”
About 1.2 million people are currently sheltering in Rafah, according to the World Health Organization, most having fled there during the seven-month war between Israel and Hamas Palestinian militants.
Amid pouring rain, some of those sheltering in Rafah said they had begun packing up their things from the densely packed tents and preparing to leave even before Israel’s directive arrived.
“Whatever happens, my tent is ready,” a resident told AFP.
But others said the area they were being told to flee to was already overcrowded, and they did not trust that it would be safe.
Abdul Rahman Abu Jazar, 36, said he and 12 family members were in the designated evacuation area.
Jazar and his family did not know what to do, he said, because the “humanitarian zone” they were told to head for “does not have enough room for us to make tents because they are (already) full of displaced people.”
“Where can we go? We do not know,” he told AFP.
“There are also no hospitals and it is far from any services many need,” he said, adding that one of his family members relied on dialysis at the Al-Najar hospital, in the area of Rafah instructed to evacuate.
“How will we deal with her after that? Should we watch her die without being able to do anything?“
An Israeli military spokesman told reporters that the evacuation “is part of our plans to dismantle Hamas ... we had a violent reminder of their presence and their operational abilities in Rafah yesterday.”
On Sunday, four Israeli soldiers were killed and others wounded, the army said, when a barrage of rockets was fired toward the Kerem Shalom border crossing between Israel and Gaza.
The army said the rockets were fired from an area adjacent to Rafah.
International aid organizations have voiced alarm at the expected invasion of Rafah.
“From the humanitarian perspective, no credible humanitarian plan for an attack on Rafah exists,” said Bushra Khalidi, advocacy director for Oxfam in the Palestinian territories.
She said she could “not fathom that Rafah will happen,” asking where displaced Palestinians will go “when most of their surroundings have been reduced to death and rubble?“
Gaza’s bloodiest-ever war broke out following Hamas’s unprecedented October 7 attack on Israel which resulted in the deaths of more than 1,170 people, mostly civilians, according to an AFP tally of Israeli official figures.
Militants also seized some 250 hostages, with Israel estimating that 128 of them remain in Gaza, including 35 whom the military says are dead.
Israel’s retaliatory offensive, aimed at destroying Hamas, has killed at least 34,683 people in Gaza, mostly women and children, according to the Hamas-run territory’s health ministry.