Saudi finance minister heads Saudi delegation at OPEC development fund meeting

Saudi Arabia is the largest stakeholder in the OPEC fund, which was established in 1976. (SPA)
Updated 21 July 2019
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Saudi finance minister heads Saudi delegation at OPEC development fund meeting

RIYADH: Finance Minister Mohammed Al-Jadaan headed the Saudi delegation that participated in the annual ministerial meeting of the OPEC Fund for International Development (OFID) in Vienna on Thursday.

The meeting agenda included discussion of OFID’s annual report for last year, approval of financial statements for the fiscal year 2018, the lending program to be granted by the fund in 2020, and OFID’s new strategy for financial sustainability.

OFID Director General Dr. Abdulhamid Al-Khalifa said: “OFID’s vision is to be a relevant, agile and efficient development finance institution that can deliver maximum development impact to its partner countries, while becoming self-sustainable in financing its operations.”

Saudi Arabia is the largest stakeholder in the fund, which was established in 1976 with the aim of promoting cooperation among member states to help poor countries increase their economic and social growth.

OFID provides concessional financing in the form of loans to support infrastructure and social projects, and to enhance productivity by focusing on projects that meet developing countries’ basic needs such as food, energy, health care and education. 

It also contributes to the provision of financing for private sector projects and trade finance. 


Ithra will bring Spain to life for 2-week cultural celebration

Updated 08 January 2026
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Ithra will bring Spain to life for 2-week cultural celebration

  • Ithra Cultural Days will unfold across the plaza, museum, theater, lush garden, library, idea lab, cinema, children’s museum, energy exhibit and Ithra tower

DHAHRAN: Visitors to the King Abdulaziz Center for World Culture (Ithra) can enjoy a taste of Spanish culture from Jan. 12-31.

Under the banner “Live Spain,” spaces at Ithra will be transformed to give a glimpse of life in this vibrant European country.

Ithra Cultural Days will unfold across the plaza, museum, theater, lush garden, library, idea lab, cinema, children’s museum, energy exhibit and Ithra tower, with exhibitions dedicated to Spanish photography, fashion and sports. There will also be Spanish cuisine and interactive installations exploring historical and linguistic connections between Arab and Spanish traditions.

There will be live performances across various stages, with a production of “Carmen” among the highlights.

“Cultural exchange is a core part of Ithra’s approach to programming. Celebrating Spain’s culture and history reflects this focus, particularly as this year’s Cultural Days take on a distinctive character by exploring Spain’s cultural heritage,” Noura Alzamil, program manager at Ithra, said.

“Visitors to Ithra will experience an exciting program in every sense, given the scale and variety of events designed to appeal to all tastes and interests.”

Cinema showings will feature Spanish short and feature films, accompanied by post-screening discussions to provide additional cultural context, while talks and sessions in the idea lab and library will explore architecture, literature and creative practice.

Hands-on workshops will invite visitors to engage directly with Spanish crafts and creative traditions, from visual arts and design to food-related practices.

A dedicated program for children and youth will run alongside with storytelling, creative workshops and performances among the attractions. Food and market experiences in Ithra’s public spaces will reflect the important social role played in the country by food.

Ithra Cultural Days present international cultures through immersive, public-facing experiences. This year’s focus on Spain follows the success of last year’s Japan edition, which welcomed more than 200,000 visitors in just two weeks.