Mexico eyes Gulf investment funds

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Updated 19 January 2016
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Mexico eyes Gulf investment funds

RIYADH: Custodian of the Two Holy Mosques King Salman was conferred on Sunday the highest Mexican honor for his contributions to promote bilateral relations and for his “distinguished services to mankind in general.” 
 
The Order of the Aztec Eagle was presented to the king by Mexican President Enrique Pena Nieto at Al-Yamamah Palace.
“The Aztec Eagle (collar) is the highest Mexican recognition presented to non-Mexican heads of state for their services to Mexico and for rendering services to humanity,” said Mexican Ambassador Arturo Trejo. King Salman, on his part, reciprocated the gesture and presented the coveted King Abdulaziz Medal to Nieto at the palace ceremony. 
According to the citation, King Salman received the order for his important contributions and dedication in promoting understanding, friendship, peace and for rendering services to mankind. The Aztec Eagle (collar) is made up of 30 pieces of gold-plated silver and decorated with the Mexico City Aztec emblem. 
The talks between the two leaders were followed by the signing of nine agreements as announced earlier, said Trejo. “Both the king and Nieto witnessed the signing.” 
Trejo added that the two leaders discussed a range of bilateral and international issues besides ways and means to expand economic cooperation, investment in new sectors and strengthening the political dialogue. King Salman was also invited by the Mexican president to visit Mexico.
Mexican Energy Minister Pedro Joaquin Coldwell said Mexico was particularly interested in the Gulf states’ large investment funds, “which represent an opportunity for Mexico to capture investment.” 
Mexico is keen to attract investment to its oil sector after Nieto undertook reforms that ended state-run firm Pemex’s 77-year monopoly. 
Accompanied by his wife, Angelica Rivera de Pena, Nieto attended a lunch banquet hosted by the king in his honor. 
Nieto also participated in a joint business forum at the Council of Saudi Chambers. Later, Nieto left for Abu Dhabi, where he will deliver a keynote speech at the World Future Energy Summit.
Over 50 deals will be signed during Nieto’s six-day Middle East tour.


Saudi Shoura Council urges promotion of culture of productivity in families

The Shoura Council holds its first ordinary session in Riyadh on Tuesday. (SPA)
Updated 21 min 59 sec ago
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Saudi Shoura Council urges promotion of culture of productivity in families

  • The council encouraged the Family Affairs Council to build partnerships with the nonprofit sector to implement its initiatives

The Shoura Council called upon the Family Affairs Council on Tuesday to build and promote the family’s culture of productivity and self-reliance as one of its strategic pillars, and accord top priority to preparing a draft strategy for the family in coordination with the relevant authorities.

The council adopted this resolution during its first ordinary session of the third year of the seventh session, held under the chairmanship of Shoura Council Speaker Sheikh Abdullah bin Mohammed Al-Sheikh.

The council encouraged the Family Affairs Council to build partnerships with the nonprofit sector to implement its initiatives, and formulate a scientific description of the characteristics to be instilled in the Saudi family and the enabling supportive environment. 

Assistant Speaker of Shoura Council Yahya Al-Samaan said the council has asked the Public Education Evaluation Commission to focus on leveraging national expertise and to reduce reliance on foreign expertise.

Al-Samaan pointed out that the council made its decision after listening to the views of the members of the Education and Scientific Research Committee on the report submitted by the Public Education Evaluation Commission for the current fiscal year.

On Monday, King Salman inaugurated the third year of the Shoura Council’s seventh session in which he highlighted the Kingdom’s priorities for the coming year and defined the contours of its domestic and foreign policies.

The king pledged to continue the Kingdom’s fight against extremism and all forms of terrorism. He also vowed to support the system of social services and sustainable growth for citizens. 

The speech focused on issues such as the war in Yemen, the Palestinian issue, stability in the oil market, countering Iranian interference in the region and job creation for Saudis.  “The Kingdom will maintain its effort to resolve regional crises,” the king said.

Al-Sheikh noted the council’s pride in the wise leadership’s efforts to unify Arab ranks and promote Islamic solidarity to achieve security and peace in the region and in the world.