World celebrates Saudi National Day

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Emirates flight EK 813 prepares for departure for a special one-off A380 service to Riyadh. (Courtesy Emirates)
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Pilots of Emirates flight EK 813 wave as they prepare for departure for a special one-off A380 service to Riyadh. (Courtesy Emirates)
Updated 23 September 2018
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World celebrates Saudi National Day

DUBAI: From Dubai to Beirut to New York and Washington, D.C., Saudi National Day was celebrated outside of the Kingdom on Sunday as a show of patriotism by Saudis abroad and as a sign of friendship by countries around the world.

The Dubai airline operated a special one-off A380 service, known as EK 813 and EK 814, on Sunday to the capital city of Riyadh, touching down at King Khalid International Airport at 3:30 p.m. The return flight was scheduled to depart at 6:50 p.m.

A YouTube video from Emirates also showed crew handing out scarves embroidered with the countries’ flags, as well as white roses, to passengers while boarding the A380 aircraft.

 

The Burj Khalifa was illuminated with the Saudi flag last night, while the Nasdaq Tower’s electronic billboard in New York’s Times Square was lit up with photos of King Salman, Crown Prince Mohammed bin Salman and the flags of Saudi Arabia and the UAE. 

The images were posted by Nasdaq Dubai, the UAE-based operation of the New York equities exchange, on Twitter with the message: “Best wishes from #NasdaqDubai to #SaudiArabia on the occasion of the 88th National Day.”

 

 

In Lebanon, Pigeons’ Rock, also known as the Rock of Raouché, located in the sea of the western capital of Beirut, was lit in the colors of the Saudi flag. The rock, one of the most important Lebanese monuments, was lit during a ceremony attended by the charge d'affaires of Saudi Arabia, Waleed bin Abdullah Bukhari, along with a crowd of dignitaries, including the Mayor of Beirut.

In Washington, the Saudi embassy’s National Day bus toured around the capital on the weekend inviting people to its celebrations on Sunday in National Harbor, Maryland.

In the UAE’s capital, the General Command of Abu Dhabi Police decorated 88 of their cars - one for every year being celebrated – with the flags of Saudi Arabia and the UAE and the words “Together Forever.”

The UAE’s airlines got in on the game. Emirates operated a special one-off A380 service on the routes EK 813 and EK 814 on Sunday to the capital city of Riyadh, touching down at King Khalid International Airport at 3:30pm. Crew handed out scarves emblazoned with the countries’ flags, as well as white roses, to passengers boarding the aircraft.pic.twitter.com/U36yYpxE8T

Etihad said it was using the only Saudi A380 pilot in the world, Wesam Sameer Al Najjar, to fly its Year of Zayed plane to Jeddah with the UAE’s Captain Ahmed Almalood.

In the UAE, children at some schools dressed in green and sang the anthems of both countries, carrying both of their flags. In the evening, there was a Saudi National Day celebration at La Mer beachfront in Dubai that featured a supercar parade, traditional Saudi dancers and, of course, fireworks.


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.