Saudi Arabia hails Iraq’s victory over Daesh
Saudi Arabia hails Iraq’s victory over Daesh
Baghdad on Saturday declared victory in its war to expel the terrorist group, three years after it proclaimed a cross-border “caliphate” stretching into Syria, endangering Iraq’s very existence.
“The end of the war in Iraq... (is) a grand victory on terrorism in the region,” the official Saudi Press Agency (SPA) said, citing a Foreign Ministry official.
The official voiced hope that “security, stability, prosperity, and progress will prevail in Iraq and for the Iraqi people.”
Backed by a US-led coalition, Iraqi forces gradually retook control of all territory lost to the terrorists over the last three years.
After former dictator Saddam Hussein’s August 1990 invasion of Kuwait, Riyadh severed relations with Baghdad and closed its border posts with its northern neighbor. But a flurry of visits between the two countries this year appears to indicate a thawing of ties.
Iraq is seeking economic benefits from closer ties with Riyadh.
Petrochemical giant Saudi Basic Industries Corp. (SABIC) also recently announced the reopening of its office in Iraq.
Saudi Energy Minister Khalid Al-Falih made the announcement following the inauguration of an oil and gas conference held in Basra. SABIC participated in the event as part of a wider public and private sector delegation from Saudi Arabia, under the aegis of the Saudi Export Development Authority (SEDA). SABIC also seeks to explore opportunities available in the important Iraqi market.
Al-Falih also witnessed the signing of 18 memorandums of understanding (MoU) between Saudi and Iraqi companies in the fields of energy, with his counterpart, Iraqi Oil Minister Jabbar Al-Luaibi.
Economic analyst and former Shoura Council member Usamah Kurdi told Arab News that SABIC re-opening its office in Iraq is a major development in Saudi-Iraqi relations. “I am delighted to know that Saudi investments will be made in Iraq, which will yield lucrative benefits for the two parties,” he said.
“Taking Iraq into the fold of the Arab region will also help fortify unity of the Arab world and also protect it from the undue intervention of Iran. Iraq is part of the Arab world,” he stressed.
Musad Al-Zayani, a Dubai-based Saudi journalist, told Arab News that this move would boost the economy of Iraq, which needs a push. He said SABIC would be able to supply the needed raw materials to Iraq for its petrochemical industry.
The SEDA seeks to promote trade between Saudi Arabia and Iraq and encourages Saudi companies to explore new opportunities to boost the Kingdom’s non-oil exports.
In a statement to Arab News, Dr. Talaat Al-Dhafer, SABIC vice president, KSA, Middle East and Africa region, who led the SABIC delegation, expressed his happiness over the company’s participation.
He said that SABIC was committed to contributing to the Kingdom’s efforts to diversify its economy.
Citizen rewarded after new car turned out to be used
RIYADH: A citizen from Buraidah has been rewarded by the Ministry of Commerce and Investment (MCI) for complaining about a commercial fraud. He exposed an auto agency who sold him a “new car” which turned out to be second-hand with a chequered history.
The MCI granted a reward of SR25,000 to Hamad Faleh Al-Qahtani, who reported the fraud.
He bought a new car from the auto agency and made the full payment, but soon realized he had been given a second-hand car.
Not only was it used but it had also been in a crash and been repaired and repainted, which was contrary to what had been agreed upon and in violation of the Anti-Commercial Fraud Law. The ministry followed up the matter with investigations to find the truth and take legal action.
The matter was referred to the public prosecution and then to the Administrative Court in Buraidah, which issued the final verdict that the agency was guilty of violating the Anti-Commercial Fraud Law.
The agency was fined SR100,000 ($26,687). Article 11 of the Anti-Commercial Fraud Law states that anyone reporting a case of commercial fraud which is found to be true upon investigation shall be granted 25 percent of the value of the fine.
The MCI honors 100 informers by granting them financial rewards and gifts on World Consumer Rights Day, which is observed on March 15 every year to foster global awareness about consumer rights and needs. The day was inspired by US president John F. Kennedy, the first world leader to formally address the issue of consumer rights.
The consumer movement first marked that date in 1983 and uses it every year to mobilize action on important issues.
The MCI has urged consumers to report commercial frauds through the Consumer Call Center (1900), through the application of a commercial violation report and through the ministry’s website.