Prioritize trade, investment projects, OIC chief urges member states

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OIC Secretary-General Yousef Al-Othaimeen speaking during the meeting of the OIC's Standing Committee for Economic and Commercial Cooperation in Istanbul, Turkey, on Wednesday. (SPA)
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Turkish President Tayyip Recep Erdogan chairs the meeting of the OIC's Standing Committee for Economic and Commercial Cooperation in Istanbul on Wednesday. (SPA)
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Group photo of participants in the meeting of the OIC's Standing Committee for Economic and Commercial Cooperation. (SPA)
Updated 29 November 2018
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Prioritize trade, investment projects, OIC chief urges member states

JEDDAH: Economic restructuring and diversification were key words during a meeting held by a committee at the Organization of Islamic Cooperation (OIC) in Istanbul on Wednesday.
In a speech to the Standing Committee for Economic and Commercial Cooperation (COMCEC), OIC Secretary-General Yousef Al-Othaimeen called for reforms within member states suffering from recession and urged a more holistic development agenda.
The meeting was inaugurated by Turkish President Recep Tayyip Erdogan, who is chairman of COMCEC.
Al-Othaimeen emphasized prioritizing trade and investment projects, which he said may reduce growing unemployment and quell the effects that mass migration is having on national economies.
He praised OIC’s member states’ response to the economic and humanitarian problems faced by some member states, which were the result of increasing political and natural crises.
“Infrastructural and regional integration are key to OIC policymaking, which are in turn being given top priority by member states,” he said.
Development programs designed for Africa and Central Asia have yielded major projects in the trade, energy, agriculture and transport sectors, notably the Arab-Africa trade bridge, the Kazakhstan-Turkmenistan-Iran railway and the Dakar-Port Sudan railway, he added.
Dr. Bandar Hajjjar, president of the Islamic Development Bank, and Rifat Oglu, vice president of the Islamic Chamber of Commerce, Industry and Agriculture, also gave speeches during the meeting.


Saudi naval forces rescue sick French sailor

Updated 16 February 2019
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Saudi naval forces rescue sick French sailor

  • The sailor was suffering from internal bleeding and was 112 kilometers east of the Farasan Islands, a group of 84 coral islands that form an archipelago in the Red Sea
  • Maritime units were deployed to provide medical assistance and coordinate the rescue effort

JEDDAH: Royal Saudi Naval Forces and the Saudi Arabian Border Guards rescued a 72-year-old French sailor after he fell ill while on a yacht in international waters.
A Border Guards spokesman, Lt. Musfer Al-Quraini, said the search and rescue coordination center in Jeddah (JMRCC) had been contacted by the French Gris-Nez Maritime Rescue Coordination Center to report that a crew member on the yacht had experienced a severe medical condition requiring evacuation.
He was suffering from internal bleeding and was 112 kilometers east of the Farasan Islands, a group of 84 coral islands that form an archipelago in the Red Sea.
The JMRCC located the boat, contacted its captain and liaised with a doctor at Jeddah’s King Fahd Hospital to provide medical guidance until the evacuation could be carried out.
Maritime units were deployed to provide medical assistance and coordinate the rescue effort.
The patient was evacuated by helicopter and moved to Prince Mohammed bin Nasser Hospital in the southwestern port city of Jazan, where he received medical treatment. He is in a stable condition.
The yacht was accompanied to Jazan, following coordination with the port’s administration.
The French Gris-Nez Maritime Rescue Coordination Center thanked the JMRCC for rescuing the sailor.