GCC: Hezbollah terror group

Updated 13 June 2013
0

GCC: Hezbollah terror group

The Gulf Cooperation Council yesterday unanimously declared Lebanon-based Hezbollah a terrorist organization and said it would take measures against the group’s interest in the Gulf countries.
“All GCC countries are convinced that Hezbollah is a terrorist organization,” Bahrain’s Foreign Minister Ghanim bin Fadl Al-Buainain told reporters following a meeting of GCC foreign ministers in Jeddah.
He said the GCC countries had always tried to establish better ties with Iran and asked Tehran to stop its provocative actions including meddling in the internal affairs of Bahrain and espionage against Saudi Arabia.
GCC Secretary-General Abdullatif Al-Zayani said the six-member group is ready to have dialogue with Iran if it changes its policies.
“There is no difference of opinion among the GCC countries on considering Hezbollah a terrorist organization, especially after its involvement in the Syrian conflict,” Al-Buainain said referring to the armed militia’s fighting in Qusayr alongside regime forces.
The GCC foreign and finance ministers had a joint meeting here yesterday to discuss important topics for strengthening economic and trade ties among the member states.
The meeting discussed Gulf security, “continued Iranian threats, especially the busting of Iranian spy rings,” in a number of GCC states.
Kuwait has already convicted several Iranians and one of its own citizens for operating a spy ring for Tehran, while Saudi Arabia and Bahrain have busted Iranian spy cells.


Saudi Arabia’s King Salman will patronize the launch of the Qiddiya Project

Updated 24 April 2018
0

Saudi Arabia’s King Salman will patronize the launch of the Qiddiya Project

  • Qiddiya Project is the new entertainment, sports and cultural destination in the Kingdom
  • The first phase will be completed by 2022

RIYADH: Saudi King Salman will launch the construction of an “entertainment city” near Riyadh Wednesday, authorities said, part of a series of multi-billion dollar projects as the Kingdom seeks to diversity its oil-reliant economy.
The 334-square kilometer project in Qiddiya, southwest of Riyadh, would rival Walt Disney and include high-end theme parks, motor sport facilities and a safari park, officials say.
The facility highlights a “relentless effort to develop giga-projects that will help achieve many direct and indirect economic returns,” project official Fahd bin Abdullah Tounsi was quoted as saying in a government statement on Monday.
Qiddiya chief executive Michael Reininger said he expects the project will draw foreign investors in entertainment and other sectors, but did not specify the total cost of construction.
Such projects are the brainchild of Crown Prince Mohammed bin Salman, a self-styled liberal change agent who is the chief architect of the sweeping “Vision 2030” reform program.
Saudi Arabia has dazzled investors with several plans for hi-tech “giga projects,” funded in part by its sovereign wealth fund, but some skeptics question their viability in an era of cheap oil.
The Kingdom has unveiled blueprints to build NEOM, a mega project billed as a regional Silicon Valley, in addition to the Red Sea project, a reef-fringed resort destination — both worth hundreds of billions of dollars.
Analysts say the projects could create funding pressures at a time when the government faces a yawning budget deficit and growth in the Kingdom’s non-oil economy is only slowly gathering pace.
The reform stems partly from an economic motive to boost domestic spending on entertainment as the Kingdom has been reeling from an oil slump since 2014.
Saudis currently splurge billions of dollars annually to see films and visit amusement parks in neighboring tourist hubs like Dubai and Bahrain.
In February, Saudi Arabia’s General Entertainment Authority (GEA) announced it will stage more than 5,000 festivals and concerts in 2018, double the number of last year, and pump $64 billion in the sector in the coming decade.