Guards seize smuggled weapons, liquor and narcotics

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Updated 26 January 2013
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Guards seize smuggled weapons, liquor and narcotics

 

Saudi Border Guards in Jazan province foiled numerous attempts to smuggle weapons and ammunition in addition to liquor and narcotics into the Kingdom from Yemen over the last two months, spokesman of the Border Guards in Jazan Col. Abdullah Mahfouz said in a statement to the Saudi Press Agency on Friday.
“The Border Guards seized 308 weapons of various types, 13,051 rounds of live ammunition, 19 bottles of liquor and 78 narcotic tablets, 403,562 kg of hashish and 1,775 kg of qat.
The guards also arrested 38,071 infiltrators and 863 smugglers who carried SR 1.47 million in cash with them. The seized articles also included 43 kg of chewing tobacco and 8,859 firecrackers, besides 13,991 head of livestock,” the spokesman said.
In November, the Border Guards in Asir province seized 22,386 rounds of various ammunition, 353 pieces of weapons, 113 head of livestock, 14 narcotic tablets, 1,795 kg of qat, 274 kg of hashish and 162 kg chewing tobacco.


Saudi reforms encourage investment in Kingdom: Davos panel

Updated 52 min 16 sec ago
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Saudi reforms encourage investment in Kingdom: Davos panel

  • Morgan Stanley’s CEO James Gorman welcomed the social reforms, calling them essential progress to provide the backbone for the economic reforms
  • Saudi Minister of Economy and Planning Mohammad Al-Tuwaijri said to attract investors into Saudi Arabia needed to improve its infrastructure

The recent reforms in the Kingdom have been the drive behind foreign investment in the country, a panel debate on the “Next Steps for Saudi Arabia” at the World Economic Forum (WEF) in Davos said Thursday.

Chairperson of the board of directors of the Saudi Stock Exchange, Sarah Al-Suhaimi said WEF reports reflected the positive changes in Saudi Arabia that had improved the country’s ranking in terms of investment.

“We have worked on developing the financial system of the capital market,” Al-Suhaimi told the panel, adding that in 2018 Saudi Arabia joined the FTSE Emerging Index which provides investors with a comprehensive means of measuring the performance

Saudi Minister of Economy and Planning Mohammad Al-Tuwaijri said to attract investors into Saudi Arabia needed to improve its infrastructure, which he says the Kingdom had been working on. This includes the 68 initiatives that were introduced last year to help the private sector.

Al-Tuwaijri also said unemployment rates had been kept steady over the past two years, while more women had entered the workforce, which he said played an important role in diversifying Saudi Arabia’s economy.

Minister of Finance Mohammed Al-Jadaan said that since the “significant economic and social reform,” the GDP of Saudi Arabia grew 2.3 percent in 2018.

In 2019 Saudi Arabia announced a $295 billion budget, which Al-Jadaan says with help the growth of the economy and create more jobs.

“We are determined to reduce the deficit from 19 percent to 5 percent,” he said.

Morgan Stanley’s CEO James Gorman welcomed the social reforms, calling them essential progress to provide the backbone for the economic reforms.

Meanwhile, French oil major Total’s chief executive Patrick Pouyanne said that Total was investing heavily in Saudi Arabia and that a petrol network in be established soon in the Kingdom.

When pressed by journalists on the Jamal Khashoggi case – the journalist who was killed in the Saudi embassy in Istanbul last year – Al-Jadaan said that Saudi Arabia was taking serious measures to hold those involved accountable.

Prosecutors in Saudi Arabia have said they will seek the death penalty for five defendants accused the murder of the journalist Khashoggi.

“We are absolutely sad about what happened to Jamal Khashoggi. Everyone in Saudi Arabia is sad. It goes against our beliefs and morals,” Al-Jadaan said, adding that the government has restructured the intelligence service as a result of the incident.