Coalition denies bombing Sanaa heritage quarter

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Updated 14 June 2015

Coalition denies bombing Sanaa heritage quarter

JEDDAH: A citizen was killed and another injured when a shell fired from Yemen by Iran-backed Houthi rebels fell near a mosque at the Al-Attaya village in Samtah, Jazan, at 1.10 p.m. on Friday.
The incident happened when worshippers were coming out of the mosque after performing the congregational prayers, Maj. Yahya bin Abdullah Al-Qahtani, spokesman for the Civil Defense in Jazan, said, adding that the mosque was damaged.
Meanwhile, the Saudi-led coalition denied claims that it carried out a strike on the historic old quarter of Yemen's capital Sanaa on Friday.
“For sure we did not conduct any operation inside (the) city,” said Gen. Ahmed Al-Assiri, a consultant in the Defense Ministry, told AFP.
Al-Assiri’s comments came after claims that the coalition forces had carried out a bombing raid killing five people and destroying three houses in the UNESCO-listed heritage site.
In another development, a United Nations statement said that peace talks between the warring parties have been postponed to Monday from Sunday as one delegation is arriving late in Geneva.
Earlier, the world body announced that the UN special envoy would hold separate “proximity” talks with Yemen's two main warring parties in Geneva on Sunday, in the hope of bringing them to the same table eventually.
“Due to unforeseen circumstances, one of the Yemeni delegations will now arrive in Geneva on Sunday evening, June 14. Therefore, United Nations Secretary-General Ban Ki-moon, and his Special Envoy, Ismail Ould Chiekh Ahmed, will begin consultations with the Yemeni delegations on Monday morning,” said a UN statement issued in Geneva where the three-day talks are to be held.

High-level investment forum aims to further boost business between Saudi Arabia and Japan

Updated 18 June 2019

High-level investment forum aims to further boost business between Saudi Arabia and Japan

  • Japan is one of Saudi Arabia’s most important economic partners

TOKYO: More than 300 government, investment and industry leaders on Monday took part in a high-level gathering aimed at further boosting business opportunities between Saudi Arabia and Japan.

The Saudi Arabian General Investment Authority (SAGIA) welcomed key figures from the public and private sectors to the Saudi-Japan Vision 2030 Business Forum, held in Tokyo.

Hosted in partnership with the Japan External Trade Organization (JETRO), the conference focused on the creation of investment opportunities in strategic sectors of the Kingdom. Delegates also discussed key reforms currently underway to enable easier market access for foreign companies.

Speaking at the event, Saudi Economy and Planning Minister Mohammed Al-Tuwaijri, said: “Today’s forum is a testimony to the success of the strategic direction set by the Saudi-Japanese Vision 2030 two years ago, which seeks to drive private-sector involvement, both by partnering with public-sector entities.”

SAGIA Gov. Ibrahim Al-Omar said: “At SAGIA, we have been working on creating a more attractive and favorable business environment in Saudi Arabia, which is making it easier for foreign companies to access opportunities in the Kingdom.”

Japan is one of Saudi Arabia’s most important economic partners. It is the Kingdom’s second-largest source of foreign capital and third-biggest trading partner, with total trade exceeding $39 billion.

JETRO president, Yasushi Akahoshi, said: “Saudi-Japan Vision 2030 has made great progress since it was first announced. Under this strategic initiative, the number of cooperative projects between our two countries has nearly doubled, from 31 to 61, and represents a diverse range of sectors and stakeholders.”

Since 2016, the Saudi government has delivered 45 percent of more than 500 planned reforms, including the introduction of 100 percent foreign ownership rights, enhancing legal infrastructure and offering greater protection for shareholders.

As a result, the Kingdom has climbed international competitiveness and ease-of-doing-business rankings, with foreign direct investment inflows increasing by 127 percent in 2018 and the number of new companies entering Saudi Arabia rising by 70 percent on a year-on-year basis in the first quarter of 2019.