Terrorism, Palestine on the agenda as Arab information ministers meet

A total of 17 Arab organizations, including broadcasting unions and GCC officials, took part in the meeting. (SPA)
Updated 08 January 2019
0

Terrorism, Palestine on the agenda as Arab information ministers meet

  • The event is being held in Riyadh after it was declared the capital of Arab media by the Arab League in May

RIYADH: Terrorism, Palestine and regional media strategy are among several issues being discussed during a periodic meeting organized by the Council of Arab Information Ministers.

The event is being held in Riyadh after it was declared the capital of Arab media by the Arab League in May.

Khaled Al-Ghamdi, undersecretary for foreign media, said the ministry seeks to make the Saudi capital a hub for media-related events held by the league.

Al-Ghamdi said officials at the event, which lasts two days, would discuss issues pertaining to regional aspirations and challenges. 

Among items on the agenda are sustainable development plans, the role of regional media in quelling terrorist narratives, international action plans to combat negative stereotypes, Palestine, as well as dates and venues for upcoming events being held by the council.

A total of 17 Arab organizations, including broadcasting unions, GCC officials and representatives from numerous Arab universities, took part in the meeting.

Saudi Arabia is chair of the Permanent Arab Media Committee, another affiliate of the Arab League. 


Forum aims to boost Saudi-Japan trade ties

Updated 44 min 4 sec ago
0

Forum aims to boost Saudi-Japan trade ties

  • Japan is one of Saudi Arabia’s most important economic partners

TOKYO: More than 300 government, investment and industry leaders on Monday took part in a high-level gathering aimed at further boosting business opportunities between Saudi Arabia and Japan.

The Saudi Arabian General Investment Authority (SAGIA) welcomed key figures from the public and private sectors to the Saudi-Japan Vision 2030 Business Forum, held in Tokyo.

Hosted in partnership with the Japan External Trade Organization (JETRO), the conference focused on the creation of investment opportunities in strategic sectors of the Kingdom. Delegates also discussed key reforms currently underway to enable easier market access for foreign companies.

Speaking at the event, Saudi Economy and Planning Minister Mohammed Al-Tuwaijri, said: “Today’s forum is a testimony to the success of the strategic direction set by the Saudi-Japanese Vision 2030 two years ago, which seeks to drive private-sector involvement, both by partnering with public-sector entities.”

SAGIA Gov. Ibrahim Al-Omar said: “At SAGIA, we have been working on creating a more attractive and favorable business environment in Saudi Arabia, which is making it easier for foreign companies to access opportunities in the Kingdom.”

Japan is one of Saudi Arabia’s most important economic partners. It is the Kingdom’s second-largest source of foreign capital and third-biggest trading partner, with total trade exceeding $39 billion.

JETRO president, Yasushi Akahoshi, said: “Saudi-Japan Vision 2030 has made great progress since it was first announced. Under this strategic initiative, the number of cooperative projects between our two countries has nearly doubled, from 31 to 61, and represents a diverse range of sectors and stakeholders.”

Since 2016, the Saudi government has delivered 45 percent of more than 500 planned reforms, including the introduction of 100 percent foreign ownership rights, enhancing legal infrastructure and offering greater protection for shareholders.

As a result, the Kingdom has climbed international competitiveness and ease-of-doing-business rankings, with foreign direct investment inflows increasing by 127 percent in 2018 and the number of new companies entering Saudi Arabia rising by 70 percent on a year-on-year basis in the first quarter of 2019.