Local designers to share the spotlight during second Saudi Fashion Week

The inaugural Saudi Fashion Week, founded by Princess Noura bint Faisal Al-Saud, was held in April 2018. (AN/Hameed Al-Hazmi)
Updated 20 September 2018
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Local designers to share the spotlight during second Saudi Fashion Week

  • Riyadh will be the hub of Saudi Fashion Week
  • The Grazia Middle East Style Awards will this year take place in Riyadh

RIYADH: Emerging Saudi fashion designers will get a chance to showcase their work alongside internationally renowned peers — including Yahya Couture, Yuliya Yanina and Lama Askari — during the second edition of Saudi Fashion Week, which runs from October 21 to 25, 2018.

The dates were revealed by the event’s founder, Princess Noura bint Faisal Al-Saud, who made a statement with her choice of outfit for the official announcement: a black abaya with a traditional Saudi hand embroidered, red design.

The princess, who is the founder of Saudi fashion community and Saudi Fashion Week in Saudi Arabia, said she always dreamed of being part of the fashion industry and is working hard to help the dreams of others come true as well, by supporting local designers,providing them with a platform on which to showcase their creativity, and supplying them with the tools they need to succeed.

“This fashion week is sponsored by the GCA and we want to highlight our Saudi culture,” she said when asked how the second edition will differ from the inaugural event in April 2018. “Every designer is unique and designs in a different way. Our culture is not only about wearing an abaya; it’s what makes you comfortable as a person.

“We have more local names coming out and a program to support emerging designers. This is a platform with which we support Saudi designers, in their country, which they represent.”

However, it also embraces the wider international fashion industry, as well.

“it’s an exchange of cultures. It’s a platform for Saudi and other countries,” said Princess Noura. “When we speak about fashion, it’s a mirror that reflects our culture and modernity.”

To help launch the careers of Saudis who are just starting out in the fashion industry, a “Top emerging Saudi designers” program has been developed, and the country’s fashion community has chosen six designers to participate, some of whom are recentcollege graduates. It will offer them support and give them real-world experience of the fashion industry.

Riyadh will be the hub of Saudi Fashion Week, with three runway shows each day, beginning at 8pm. In addition, a fashion festival featuring pop-up stores will run throughout the event. The Grazia Middle East Style Awards, which is usually held in Dubai, will this year take place in Riyadh on the final day of Saudi Fashion Week.

“I want every designer in Saudi Arabia to not be afraid and to come out and show what they are made of. Be Brave,” added Princess Noura.


Saudi Arabia pledges $3bn to Pakistan, defers oil payments

Updated 24 October 2018
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Saudi Arabia pledges $3bn to Pakistan, defers oil payments

  • It was agreed Saudi Arabia will place a deposit of $3 billion for a period of one year as balance of payment support: statement
  • Pakistan is seeking foreign aid to help plug a massive budgetary gap which the Pakistan prime minister has blamed on the mismanagement of the previous administration

RIYADH: Saudi Arabia has pledged $3 billion in support to Pakistan and allowed for deferred oil payments to help stave off a budget crisis.

The deal came as Pakistani Prime Minister Imran Khan attended the opening of the Future Investment Initiative (FII) in Riyadh on Tuesday.

Earlier Khan met with King Salman and Crown Prince Mohammed bin Salman to discuss bilateral issues. It was his second visit to the Kingdom in just over a month.

“It was agreed Saudi Arabia will place a deposit of $3 billion for a period of one year as balance of payment support,” Pakistan’s Foreign Ministry said in a statement.

“It was also agreed that a one-year deferred payment facility for import of oil, up to $3 billion, will be provided by Saudi Arabia. This arrangement will be in place for three years, which will be reviewed thereafter.”

During his address to the gathering of global business executives, Khan also confirmed that Pakistan was in talks with the International Monetary Fund (IMF) for a new bailout.

Pakistan is seeking foreign aid to help plug a massive budgetary gap which the Pakistan prime minister has blamed on the mismanagement of the previous administration. During his election campaign, the former cricketer vowed to create 10 million jobs and establish an “Islamic welfare state.”

After a consultative visit last month, the IMF had warned that Pakistan needed to quickly secure “significant external financing” to avert a crisis. 

Saudi Arabia and Pakistan have also discussed potential investment in mineral resources in Balochistan, the largest of Pakistan’s four provinces which borders Iran and Afghanistan.

Further discussions were held about a refinery project in Pakistan, the Finance Ministry said in the statement.

Pakistan’s external balance of payments represents one of the biggest challenges facing Khan.

The country’s current account deficit has ballooned as its central bank’s foreign reserves dropped to about $8.1 billion in October.

That was barely enough to meet the country’s sovereign borrowings between now and the end of the year.

The IMF expects Pakistan’s economic growth to slow to about 4 percent in 2019.

Pakistan is seeking to attract increased inward investment to help shore up its finances and Khan used the event as platform to talk about opportunities in sectors such as tourism, minerals, coal and gas exploration.

He also highlighted what he said were the successes of Pakistan in the fight against terrorism, which has brought peace and stability to the country, and pointed to the significance of the China-Pakistan Economic Corridor (CPEC).

China has become an increasingly high-profile investor in Pakistan as Beijing pushes ahead with major projects such as the CPEC.