KSA pledges SR30bn Egypt aid

Updated 18 December 2015
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KSA pledges SR30bn Egypt aid

JEDDAH: Custodian of the Two Holy Mosques King Salman has ordered that Saudi Arabia’s aid and investment package to Egypt should be increased to SR30 billion in the next five years.
The announcement was made by Deputy Crown Prince Mohammed bin Salman at a meeting with Egyptian Prime Minister Sherif Ismail in Cairo on Tuesday, said SPA.
Prince Mohammed said at the start of the meeting that King Salman ordered the increase in the package — to contribute to Egypt’s oil needs for five years and for an increase in traffic for Saudi ships in the Suez Canal.
According to a report in Bloomberg quoting Egyptian Investment Minister Ashraf Salman on Wednesday, the investment of SR30 billion would be through Saudi Arabia’s public and sovereign funds, with inflows beginning immediately. Egypt is also set to renew a deal to import Saudi oil products for five years on favorable terms, Ismail said.
Saudi support comes as Egypt is trying to overcome a foreign currency shortage that is threatening to derail a nascent recovery. Egypt’s currency crisis caused business activity to contract the most in more than two years in November, said the report.
A new aid package would provide dollars needed to import capital goods and raw materials, and help authorities avoid an uncontrolled currency devaluation, said the report.


Saudi MERS outbreaks killed 23 over four months: WHO

Updated 18 June 2018
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Saudi MERS outbreaks killed 23 over four months: WHO

  • The latest figures take the number of confirmed cases to 2,220 since September 2012, including 1,844 from Saudi Arabia
  • The disease is hard to spot, partly because it often infects people with an underlying condition such as diabetes, renal failure or chronic lung disease

GENEVA: Outbreaks of the deadly Middle East Respiratory Syndrome (MERS) killed 23 people in Saudi Arabia between Jan. 21 and May 31 this year, the World Health Organization said on Monday.
The deaths were among 75 laboratory-confirmed cases of MERS coronavirus (MERS-CoV) during the period, the WHO said, and take the total number of deaths from the disease to 790 since it was first diagnosed in humans in 2012.
The latest figures take the number of confirmed cases to 2,220 since September 2012, including 1,844 from Saudi Arabia.
One outbreak in February hit a private hospital in Hafer Albatin region, where the patient passed the disease to three health workers. There was another cluster of six cases in a hospital in Riyadh in the same month, although no health care workers were infected.
Two other clusters affected households in Jeddah and Najran.
MERS-CoV is a member of a virus family ranging from the common cold to Severe Acute Respiratory Syndrome. It appears to have emerged in humans in Saudi Arabia in 2012, although it has been traced in camels, the source of the infection, back to at least 1983.
The disease is hard to spot, partly because it often infects people with an underlying condition such as diabetes, renal failure or chronic lung disease.
But it kills one in three sufferers, and hospital workers are at risk unless extreme caution is taken to identify MERS sufferers early and to protect health care workers from infection via airborne droplets such as from coughs and sneezes.
Susceptible people should avoid contact with suspected cases and with camels, and anyone who has contact with animals should wash their hands before and afterwards, the WHO said. Everyone should avoid drinking raw camel milk or camel urine, or eating undercooked meat.
Three MERS cases have been reported this year outside Saudi Arabia. Oman and the United Arab Emirates each reported a case, while in Malaysia a man fell ill after drinking unpasteurised camel milk during a pilgrimage to Saudi Arabia.