At Makkah summit, Palestinian right to statehood affirmed, Iranian aggression denounced

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Palestine is our main issue until the Palestinians get their rights, King Salman said. (SPA)
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Updated 01 June 2019

At Makkah summit, Palestinian right to statehood affirmed, Iranian aggression denounced

  • The OIC supported ‘an independent and sovereign Palestinian State’
  • The OIC rejected US decision to relocated its embassy to Jerusalem

MAKKAH: Heads of Islamic countries renewed their commitment to the Palestinian cause, early Saturday at a gathering at Islam’s holiest site, and reiterated the Palestinians’ right to statehood.

The Organization of Islamic Cooperation (OIC) supported the Palestinians to “attain their inalienable national rights, including their right to self-determination and the establishment of an independent and sovereign Palestinian State on the 1967 borders with Jerusalem as its capital,” said a statement by the organization.

The OIC also rejected any solution that does not secure the Palestinian people’s rights and rejected Washington’s relocation of its embassy to Jerusalem.

“Palestine is our main issue until the Palestinians get their rights,” Saudi Arabia’s King Salman said opening the Islamic summit in Makkah, as throngs of worshippers crowded the Grand Mosque for a key date in the Ramadan calendar.

“We reaffirm our unequivocal rejection of any measures that would prejudice the historical and legal status of Al-Quds Al-Sharif,” the king said referring to the third holiest site in Islam.

We want an integral solution that would preserve the Palestinians’ rights in accordance with the borders of 67, said Jordan’s King Abdullah, in his remarks to the leaders. 

Turkish Foreign Minister Mevlut Cavusoglu also urged the creation of a Palestinian state within the 67 borders with Jerusalem as its capital. 

Arab and Islamic nations have been attending three summits in two days to discuss regional issues, including a growing threat to Middle East security by Iran.

King Salman also reiterated that efforts must be made to confront terrorism and those who sponsor it. 

The  king put the blame of recent attacks on oil tankers off the UAE coast squarely on Iranian-backed terrorist groups.

“During this holy month, commercial vessels, including two Saudi oil tankers, were subjected near the UAE's territorial waters to terrorist sabotage. This poses a serious threat to the security and safety of maritime traffic and regional and international security. Also, two oil pump stations in the Kingdom of Saudi Arabia were attacked by drones launched by Iranian-backed terrorist militias,” said the king.

We emphasize that these subversive terrorist acts not only target the Kingdom and the Gulf region, but also the security of navigation and world energy supplies.”

“We hope that the Summit will achieve the aspirations of the Islamic countries for progress, development and prosperity,” the king told leaders and heads of states of 57 countries of the OIC.

 

LIVE COVERAGE (all times KSA)

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Tunisian President Beji Caid Essebsi called for more work to strengthen solidarity and take a unified Arab and Islamic stand and confront extremism. 

 

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Leader of nations that make up the Organization of Islamic Cooperation arrive in Makkah’s Al-Safa Palace greeted by King Salman.

 

 


Fraud alert over cryptocurrency falsely linked to Saudi Arabia

Updated 21 August 2019

Fraud alert over cryptocurrency falsely linked to Saudi Arabia

  • The website of a cryptocurrency company is promoting what it calls the CryptoRiyal and SmartRiyal
  • The Singapore-based company uses the Saudi emblem of two crossed swords and a palm tree

JEDDAH: Fraudsters are trying to lure victims into investing in a “virtual currency” with false claims that it is linked to the Saudi riyal and will be used to finance key projects, the Saudi Ministry of Finance warned on Tuesday.

The website of a cryptocurrency company in Singapore is promoting what it calls the CryptoRiyal and SmartRiyal, using the Saudi emblem of two crossed swords and a palm tree. Its “ultimate goal” is to finance NEOM, the smart city and tourist destination being built in the north of the Kingdom, the company claims.

“Any use of the KSA name, national currency or national emblem by any entity for virtual or digital currencies marketing will be subject to legal action by the competent authorities in the Kingdom,” the ministry said on Tuesday.

The fraudsters were exploiting ignorance of how virtual currencies work, cryptocurrency expert Dr. Assad Rizq told Arab News.

“A lot of tricks can be played,” he said. “Some of these companies are not regulated, they have no assets, and even their prospectus is sometimes copied from other projects.

“They hype and pump their project so the price goes up. Inexpert investors, afraid of missing out, jump in, which spikes the price even higher. Then the owners sell up and make tons of money.

“Cryptocurrencies are a risky investment for two reasons. First, the sector is not yet fully regulated and a lot of projects use fake names and identities, such as countries’ names or flags, to manipulate investors.

“Second, you have to do your homework, learn about the technology. And if you still want to invest, consider your country’s rules and regulations.”