Budget confirms growing, robust Saudi economy: KAU president
Updated 02 January 2013
Irfan Mohammed
The government's expansionary national budget confirms that the Saudi economy is solid and continues to grow, according to Professor Osama S. Tayyeb, President of King Abdulaziz University (KAU) in Jeddah.
In an exclusive statement to Arab News on Tuesday, the top academic added that the country's prudent fiscal policies, under the astute leadership of Custodian of Two Holy Mosques King Abdullah, has helped it to withstand the shocks of the recent global financial crisis.
Tayyeb said that the Kingdom’s economic boom, stability and security can be attributed to sensible policies based on Islam. He said government was constantly working to improve the country’s infrastructure to meet the needs of the Saudi population.
Tayyeb said that the government has allocated over SR 5 billion to King Abdulaziz University (KAU). The funds will be used to develop the educational process as a whole, increase the student intake, improve the learning environment and expand community services.
He thanked King Abdullah and Crown Prince Salman bin Abdulaziz for their commitment to education and development in the country.
Saudi crown prince congratulates Tarique Rahman on becoming Bangladeshi prime minister
Updated 58 min 10 sec ago
Arab News
RIYADH: Saudi Crown Prince Mohammed bin Salman has congratulated Tarique Rahman after being sworn in as Bangladeshi prime minister.
The crown prince also congratulated Rahman for the formation of a new government under his leadership in the same message, the Saudi Press Agency reported early on Wednesday.
Prince Mohammed wished Rahman and the Bangladeshi people continued progress and prosperity.
Bangladesh Nationalist Party (BNP) chairman Tarique Rahman takes oath as prime minister. (AFP)
Rahman, whose party won a sweeping parliamentary election victory, was sworn in as prime minister in an oath taking ceremony at the South Plaza of the parliament building on Tuesday.
The sixty-year-old Rahman is the son of former Prime Minister Khaleda Zia and assassinated President Ziaur Rahman.
