FaceOf: Majid bin Abdullah Al-Qassabi, KSA's minister of commerce and investment

Updated 21 June 2018
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FaceOf: Majid bin Abdullah Al-Qassabi, KSA's minister of commerce and investment

  • Al-Qassabi declared that Saudi Arabia’s inclusion in MSCI’s emerging market is recognition of its efficiency in satisfying global markets’ needs
  • Al-Qassabi was born in 1959 in Jeddah to one of the biggest real estate owners in the Kingdom

Majid bin Abdullah Al-Qassabi is the minister of commerce and investment in Saudi Arabia.

On Thursday, the minister declared that Saudi Arabia’s inclusion in MSCI’s emerging market is recognition of its efficiency in satisfying global markets’ needs.

He also highlighted the importance of seizing the day with milestones like these by expanding the liquidity of Saudi’s financial markets through an increase in investments and creating diverse opportunities for investors and traders.

Al-Qassabi was born in 1959 in Jeddah to one of the biggest real estate owners in the Kingdom.

He received his schooling in Jeddah, before he earned his bachelor’s degree in civil engineering from the University of Portland, Oregon, in 1981. 

He then received two master’s degrees: Engineering management from the University of Missouri in 1983 and civil engineering from UC Berkeley in 1982. After that, he returned to Missouri to pursue a doctorate in engineering management in 1985.

The current minister became a professor at King Abdul Aziz University in Jeddah for 11 years, before serving as the secretary-general of Jeddah’s Chamber of Commerce in 1998.

In 2002, he was appointed as the director general of the Sultan bin Abdul Aziz Al-Saud Foundation, then became an adviser to the crown prince’s court in 2010. 

Al-Qassabi sits on many boards and serves as a member of major Saudi charities such as the Council of Saudi Ports Authority Management, the High Commission for the Development of Hail, the Centennial Fund and the Supreme Economic Council.


Houthis accused of looting humanitarian aid

A worker unloads aid packages from a Saudi air force cargo plane, at an airfield in the northern province of Marib, Yemen, in this January 22, 2018 photo. (REUTERS)
Updated 23 July 2018
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Houthis accused of looting humanitarian aid

  • The Yemen Scholars Association condemned the Houthi militia for looting relief aid in areas under its control

JEDDAH: The Yemen Scholars Association on Saturday blamed the Iranian-backed Houthi militias for the deterioration of the humanitarian situation in Yemen.
The associated accused the Houthis of looting humanitarian aid.
According to the Yemeni scholars, Houthi actions have resulted in the suspension of salaries of hundreds of thousands of employees for nearly two years.
The Association praised the efforts and humanitarian support of King Salman Humanitarian Aid and Relief Center (KSRelief), which provides, directly and indirectly, most of the humanitarian relief support for the Yemeni people.
The Yemen Scholars Association condemned the Houthi militia for looting relief aid in areas under its control.
According to a human rights report, At least 113 people have been tortured to death in detention centers in Yemen run by the Houthis since the coup began
Yemeni Human Rights Minister Mohammed Askar told Arab News that the figures in the report were only estimates and that the real figures were much higher.