Trade, investment top Saudi-Algerian forum agenda

Al-Qasabi said the bid to increase trade would be reflected in the national economies, and called on businessmen to use the current investment climate in both countries to up their game. (AFP)
Updated 03 December 2018
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Trade, investment top Saudi-Algerian forum agenda

  • Algerian journalists affirmed the importance of relations binding Saudi Arabia and Algeria

JEDDAH: The Council of Saudi Chambers (CSC) and the Algerian Chamber of Commerce and Industry (CACI) held a joint business forum on Monday in Algiers to discuss ways to strengthen economic relations between the two countries.
The forum came on the sidelines of Saudi Crown Prince Mohammed bin Salman’s visit to Algeria.
The forum was attended by Youcef Yousfi, Algerian minister of energy and mines, Majid Al-Qassabi, Saudi minister of commerce and investment, Sami Al-Obaidi, CSC chairman, and Mohammed Al-Eid, head of CACI.
During the forum, four joint projects in the chemicals-manufacturing, metal-processing, pharmaceutical and paper-production domains were inaugurated, in addition to the launch of a joint project for the consumer sector.
Yousfi hailed strong Saudi-Algerian relations and said that the forum would further enhance cooperation in trade and investment.
He also called on Saudi and Algerian businessmen to establish development projects that serve both countries and emphasized the importance of bolstering bilateral ties.
Al-Qassabi said the bid to increase trade would be reflected in the national economies, and called on businessmen to use the current investment climate in both countries to up their game.
Al-Eid, meanwhile, said the forum is reflective of resolve and mutual trust, and called for diversifying income and trade channels. He also urged Saudi businessmen to invest in Algeria.
Al-Obaidi said that both sides aspire to hold more of these forums in an attempt to overcome any current obstacles.
Economic relations “are a constant work in progress,” he said. “Trade between the two countries has risen from $116 million to $527 million within 10 years. We look forward to further bolstering development thanks to the recent economic reforms undertaken by Algeria, which is a gateway for Saudi products entering into African and European markets.”
Businessmen attending the forum also held one-on-one meetings to explore potential joint opportunities.

Media ties
Saudi Minister of Media Dr. Awwad Al-Awwad called on the Saudi and Algerian media to help develop bilateral ties between the two countries.
During a meeting with Algerian media personalities, the minister said the Saudi crown prince’s visit to Algeria would usher in a new phase of bilateral ties at all levels.
He also stressed the need to increase exchange programs and coordination between the two sides to serve common interests and to overcome challenges facing the two countries.
The minister also invited editors-in-chief of different Algerian news outlets and other media personalities to visit Riyadh.
Algerian journalists affirmed the importance of relations binding Saudi Arabia and Algeria.
Lauding the crown prince’s visit to their country, they called it an opportunity to expand and enhance relations in various fields.


Red Wave-7 naval drill kicks off in Saudi Arabia

Updated 10 sec ago
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Red Wave-7 naval drill kicks off in Saudi Arabia

RIYADH: The Red Wave-7 naval exercise has started at King Faisal Naval Base, home of the Western Fleet.

As well as the Royal Saudi Naval Forces, taking part are countries including Jordan, Egypt, Djibouti, and Yemen, along with the Royal Saudi Land Forces, the Royal Saudi Air Force, and units of the Saudi Border Guard.

The commander of the Western Fleet, Rear Admiral Mansour bin Saud Al-Juaid, said the drill aimed to enhance maritime security for countries bordering the Red Sea and protect territorial waters, according to Saudi Press Agency.

The drill includes a number of scenarios featuring exercises that offer significant training opportunities. There will be strategic lectures and simulated combat exercises designed to reflect potential real-world situations.

It will promote joint and combined operations, such as surface and air warfare, electronic warfare, and countering speedboat attacks. The forces will also conduct maritime security exercises, including protecting shipping lines and combating smuggling, terrorism, piracy and illegal immigration.

Al-Juaid said naval ships, helicopters, fast response boats, naval infantry, maritime special security forces and various types of combat aircraft would all be deployed over the duration of the drill.


Hareed Festival: A window into the heart of the Farasan Islands

Updated 06 May 2024
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Hareed Festival: A window into the heart of the Farasan Islands

  • Annual event highlights tourism potential

Riyadh: The Farasan Islands, a string of coral islands nestled 40 km off the coast of Jazan in the Red Sea, have been abuzz with activity recently as they hosted the 20th Hareed Festival.

This vibrant annual event celebrates the arrival of parrotfish, also called hareed, in the islands’ shallow waters, the Saudi Press Agency reported on Sunday.

The islanders have cherished this event for generations, transforming it into a social gathering that goes well beyond the arrival of the fish.

Visitors to the festival got a glimpse of the islands’ rich cultural heritage as it showcased the area’s unique customs, traditions, folk games, and handicrafts. It also focused its spotlight on Farasan’s remarkable tourism potential and historic sites.

Al-Dana provides one of the highlights. It is a captivating form of vocal art that is one of Farasan’s oldest folk traditions. It forms a poignant expression of longing, a result of the hardships endured by sailors on extended pearl-diving expeditions. The challenges faced by these brave men fueled the art form, which is deeply rooted in Farasan’s cultural identity.

The annual festival also gives an opportunity for Farasan residents to display their traditional handicrafts. Visitors can watch the making of fishing traps and nets, the intricate weaving of palm fronds, the creation of bags and rugs, and hat knitting.

A designated area at the hareed fishing site catered to families and children. Visitors could experience the thrill of catching parrotfish using a traditional method that involved setting up barriers to prevent the fish from escaping. This competition, a centuries-old tradition, allowed families to connect with the region’s fishing heritage.

Farasan’s most renowned tourist attractions highlighted the islands’ potential for tourism.

Al-Qassar village, which is located only 5 km from Farasan Grand Island, is a popular tourist site. This heritage village, which is built of stone and palm leaves, is home to the archipelago’s largest palm oasis.

Al-Qassar has served as a summer retreat for Farasan residents. People travel by camel to spend a three-month break in the village during the season of Al-Asef, the northwestern summer wind that comes after the hareed fishing season.

Famous for its abundance of fresh groundwater, Al-Qassar village comprises around 400 houses. These unique dwellings, with stone walls and roofs made of palm tree planks, leaves, doum palm, or anisotes trisulcus branches, topped with algae and mud, are made by traditional building techniques designed to withstand the elements.

The Hareed Festival is a window into the heart and soul of the inhabitants of the Farasan Islands; a celebration of culture, tradition, and the islands’ natural beauty.


Saudi Border Guard arrest 4 attempting to smuggle qat

Updated 06 May 2024
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Saudi Border Guard arrest 4 attempting to smuggle qat

JAZAN: The Kingdom’s Border Guard in Al-Ardah, Jazan, recently arrested four Yemeni nationals attempting to smuggle 80 kg of qat into the country, the Saudi Press Agency reported on Monday.

Mostly chewed by users, Qat is a mild stimulant and illegal across most of the Arab world.

The government has urged citizens and residents to report any information they have regarding drug smuggling or sales to the General Directorate of Narcotics Control. Reports can be made by calling 911 for Makkah, Riyadh and the Eastern Province, and 999 for other regions. Alternatively, information can be emailed to [email protected]. All reports are treated confidentially.


KSrelief distributes food in Pakistan, drills solar-powered wells in Nigeria

Updated 06 May 2024
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KSrelief distributes food in Pakistan, drills solar-powered wells in Nigeria

DUBAI: KSrelief, Saudi Arabia’s aid agency, recently distributed 370 food baskets in the flood-hit Shangla district of Khyber Pakhtunkhwa province, Pakistan, benefiting 2,590 individuals.

The aid was a part of the fourth phase of the Kingdom’s Food Security Support Project in Pakistan 2024.

Last week, KSrelief, in collaboration with a civil society organization, initiated a project to drill six solar-powered medium-depth water wells in Kwara State, Nigeria. The wells, each at a depth of about 80 meters and equipped with tanks holding 5,000 liters, are for the benefit of 30,000 individuals.

The beneficiaries lauded Saudi Arabia for addressing their vital water needs.


Saudi anti-corruption authority reveals details of recent cases

Updated 06 May 2024
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Saudi anti-corruption authority reveals details of recent cases

  • Spokesman said legal procedures had been initiated against all perpetrators

RIYADH: A spokesman for Saudi Arabia’s Oversight and Anti-Corruption Authority, also known as Nazaha, revealed on Sunday details of a number of criminal cases it recently investigated and prosecuted.

Outlining 20 of the most prominent corruption cases, he 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 more than SR7.3 million ($1.95 million), without verifying the 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.

One of the cases also highlighted involved an employee working at a university hospital who was arrested for receiving SR100,000 from citizens in exchange for a promise to employ them at the university.

Nazaha said it continues to work to identify and prosecute anyone in the Kingdom involved in the embezzlement of public funds, guilty of abuse of power and position for personal gain, or otherwise harming the public interest.

It stressed that guilty parties will be pursued and held accountable, and that there is no statute of limitations on such crimes.