KSA shelters 1 million Yemeni refugees

Updated 30 November 2015
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KSA shelters 1 million Yemeni refugees

JEDDAH: Yemeni Foreign Minister Riad Yassin recently warned that Yemen may be on the brink of social collapse after recent insurgency acts, a local newspaper reported.
Yassin said that future Iranian attempts to interfere in the country might involve trying to “create a state inside another state,” and could force a situation similar to the model of Hezbollah in Lebanon.
Yassin also revealed that more than 1 million Yemeni nationals have sought refuge in Saudi Arabia since the Houthi coup.
“Yemenis feel that they are comfortable in the Kingdom, and that their dignity can be maintained here. Meanwhile, Europe has made a big buzz around the world for its inability to accommodate 150,000 Syrian refugees,” said the minister.
“Yemen, after the victory achieved in the Gold Arrow Operation and the progress toward regaining all of the governorates and provinces, will still have to consider seriously how to closely and strategically reconnect with the Gulf states. There must be some mechanisms put in place to link Yemen with its neighboring states. If Yemen is left to only dream about joining the Gulf Cooperation Council, it will suffer major political or economical problems, and could even go bankrupt,” he said.


Finance officials meet to map out Saudi Arabia’s budget plans

Updated 51 min 21 sec ago
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Finance officials meet to map out Saudi Arabia’s budget plans

  • Finance representatives of 150 government bodies meet for the Budget Forum 2020

RIYADH: Saudi finance chiefs have kicked off a major conference in the capital aimed at mapping out the Kingdom’s budget requirements.
Around 300 specialists representing 150 government bodies met at the InterContinental hotel in Riyadh for the Budget Forum 2020.
Minister of Finance Mohammed Al-Jadaan welcomed delegates to the second edition of the gathering organized by the Saudi Finance Ministry under the slogan “Partnership and Empowerment.”
Al-Jadaan said the ministry was focused on “partnership and commitment,” and sought to share the challenge of developing an effective budget to achieve the Kingdom’s ambitious goals.
“We are also committed to empowering financial leaderships to learn about the ministry’s programs and projects and provide training and qualification opportunities to the best international standards,” he added.
The finance chief said the budget planning process required the collaboration of multiple authorities and a clear strategy based on transparency. 
Items up for discussion at the forum included financial planning in governmental bodies, automation, and the promotion of revenues and efficient spending.
Finance Ministry steering committee chairman, Abdul Aziz bin Saleh Al-Freih, stressed the importance of the forum in getting the ball rolling at an early stage on formulating a general state budget.
Workshops were held on the sidelines of the conference focused on empowering government organizations, and a training program on financial planning and income estimations was also staged.