Saudi Film Council launched to support cultural talent

Ahmed bin Fahd Al-Mazeed. (Courtesy photo)
Updated 21 March 2018
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Saudi Film Council launched to support cultural talent

RIYADH: The Saudi Film Council was launched on Tuesday to help develop the Kingdom’s cultural sector.
The launch by the General Culture Authority is the latest effort to establish and support new sectors that enhance society’s vitality and the economy’s diversity and prosperity, under the umbrella of the Kingdom’s Vision 2030.
The authority’s executive chairman, Ahmed bin Fahd Al-Mazeed, said the authority is determined to support cultural talents and the cultural diversity in the Kingdom.
He added the council aims to develop a vital sector and a thriving environment for the films and content industry in the Kingdom through strategic and sustainable development mechanisms.
This can be achieved by resorting to the sector’s main axes: Development and complete care of talents programs; supportive and flexible legislative and executive frameworks; advanced infrastructure and technology for artistic production; availability of financing solutions and options; in addition to the cultural sector’s development initiatives all over the Kingdom.


Saudi Arabia says deposits $250 million into Sudan's Central Bank: statement

Updated 28 min 54 sec ago
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Saudi Arabia says deposits $250 million into Sudan's Central Bank: statement

RIYADH: Saudi Arabia said on Sunday it deposited $250 million with the Sudanese central bank, according to a statement from the Kingdom’s ministry of finance.
Saudi Arabia and the United Arab Emirates pledged to send $3 billion worth of aid to Sudan, after mass protests led to the ouster of president Omar al-Bashir last month.
The move will strengthen Sudan’s “financial position, alleviate pressure on the Sudanese pound and achieve more stability in the exchange rate," the statement said.
Saudi Arabia and the United Arab Emirates have deposited now $500 million into Sudan’s Central Bank, the first instalment of the joint package of aid.
The remaining amount will be allocated to meet the urgent needs of the Sudanese people, including food, medications and oil derivatives.
Mohammed Abdullah Al-Jadaan, Minister of Finance, confirmed that this deposit constitutes an extension of the Kingdom’s support to the Sudanese people.
He added that this support will strengthen the financial and economic situation in Sudan, especially the exchange rate of the Sudanese pound, which should reflect positively on the living conditions of the Sudanese citizens.