Saudi Food and Drug Authority conference to discuss support of national industry in food, medicine

Dr. Hisham S. Al-Jadhey, SFDA executive president, center, speaks during a press conference in Riyadh on Tuesday. (AN photo)
Updated 18 October 2017

Saudi Food and Drug Authority conference to discuss support of national industry in food, medicine

RIYADH: The Saudi Food and Drug Authority (SFDA) will host a major conference next month to discuss support of national industry in the food and medicine sectors.
The three-day conference will be inaugurated on Nov. 7, with the theme of “Towards a national pioneering industry in the fields of food, medicine and medical devices.”
Addressing a press conference on Tuesday at the headquarters of the SFDA, Dr. Hisham S. Al-Jadhey, SFDA executive president, said that “about 150 top-notch experts working in the fields of food and medicine will participate in the event.”
The press briefing was also attended by Dr. Nasser Fahd bin Dhim, a consultant for the authority, and Mazin Mousa Al-Ismael, executive director of public affairs.
Spelling out details of the conference, Al-Jadhey said: “The event, under the patronage of the chairman of the SFDA board of directors, Dr. Tawfiq bin Fawzan Al-Rabiah, is being organized for the first time to offer a platform for scientific and practical discussions during which scientific and regulatory developments will be presented in fields related to the work of SFDA, localization of experiences, and knowledge enrichment in food and medicine education.”
He said that the SFDA seeks to achieve its objectives within the framework of Vision 2030 by enhancing efficiency, transparency and creating the necessary environment for citizens, companies and businesses to take the initiative. “Together, they will all face challenges and seize opportunities to ensure food safety, as well as the safety of medical devices and products,” he added.
“The conference will discuss food control and legislation; food safety and risk assessment; feed and its impact on human and animal health; contaminants and pesticide residues in food; nutrition policies and their impact on public health; and innovative food legislation and standards,” said a statement distributed after the press conference.
In the field of medicine, the statement said, event participants will discuss control and legislation of medicines and preparations; localization of the pharmaceutical industry; pharmaceutical fraud; quality of drugs and preparations; pharmacological alertness; and pharmaceutical epidemiology. The conference will also discuss control and legislation of medical devices, the localization of their industry, their testing and calibration.
The conference will include lectures, seminars, scientific and applied workshops, and training courses. The annual conference is expected to have a significant impact on health and knowledge enrichment in the pharmaceutical, medical device and food sectors.

Saudi Arabia calls ‘urgent’ meeting of oil producers

Updated 03 April 2020

Saudi Arabia calls ‘urgent’ meeting of oil producers

  • Crude prices jump after move, which Kingdom says is part of efforts ‘to support global economy in these exceptional circumstances’

DUBAI: Saudi Arabia has called an urgent meeting of the Organization of Oil Exporting Countries and other oil exporters, to discuss restoring the “desired balance” in global energy markets.

The move — which prompted a big jump in the price of oil on global markets — is part of the Kingdom’s “constant efforts to support the global economy in these exceptional circumstances, and in appreciation of the request of the President of the USA, Donald Trump, and the request of friends in the USA,” according to a statement published by the official Saudi news agency.

Global oil prices reacted immediately. Brent crude, the Middle East benchmark, increased by 20 percent, taking it back above $30 a barrel.

The price of crude has been under pressure as a result of collapsing demand due to the coronavirus crisis, and Saudi Arabia’s determination to win market share from American and Russian producers.

During an OPEC meeting in Vienna last month, the Kingdom offered to implement further cuts in oil production but Russia refused to participate.

“Saudi Arabia would like to underscore its efforts during the past period to restore balance in the oil market, as it drew support for that from 22 counties of the OPEC+, but it was not possible to reach an agreement or get consensus,” according to the official Saudi statement.

Oil industry expert Daniel Yergin said: “This represents a recognition of how much the world has changed for oil in a single month as demand falls away so dramatically, and the impact of Donald Trump becoming personally engaged.”

The Saudi call for talks came after a hectic round of communications between the US, Russia and the Kingdom.

In a message posted on Twitter after the Saudi announcement, Trump wrote: “I just spoke to my friend Mohammed bin Salman, crown prince of Saudi Arabia, who spoke with President Putin and I expect and hope that they will be cutting back approximately 10m barrels, and maybe substantially more, which will be great for the oil and gas industry.”

However, officials in Riyadh downplayed any suggestion of a commitment to specific reductions in the levels of oil output. There is no indication yet of when the “urgent” meeting of OPEC and others might happen, nor what will be on the agenda, they said.

President Vladimir Putin denied that he had spoken to the crown prince about the price of oil. Novosti, the official Russian news agency, said there was no such conversation, but added that the president had discussed falling oil prices with other OPEC members and with the US.

“The Americans are worried because of their profitability for shale oil production,” said Putin. “This is also a difficult test for the American economy.”

This week, Saudi Arabia produced more oil in a single day than at any time in its history, with 12 million barrels flowing from pumps at Saudi Aramco, the world’s biggest oil company.