Anti-graft committee will ‘create new era of financial transparency’ in KSA

Anti-graft committee will ‘create new era of financial transparency’ in KSA
This file photo taken on December 14, 2016 shows a Saudi investor walking past the stock exchange monitors at the Saudi Stock Exchange, or Tadawul, in the capital Riyadh. (AFP)
Updated 06 November 2017

Anti-graft committee will ‘create new era of financial transparency’ in KSA

Anti-graft committee will ‘create new era of financial transparency’ in KSA

JEDDAH: Saudi Arabia’s new super-committee to fight corruption will give confidence to investors, protect public funds and create a new era of financial transparency, government ministers and experts said on Sunday.

The committee would enforce anti-corruption regulations within the rule of law and to international standards, said Mohammed Al-Jadaan, the minister of finance.

Its work would “consolidate the reform approach adopted by the government to eradicate corruption and consolidate the principles of governance, accountability and justice,” he said.

“This enhances confidence in the business environment and investment in the Kingdom, achieves fair competition among investors, and contributes to development in accordance with best international practice.”

Saudi Arabia was launching a new era of transparency, clarity, accountability and commitment to citizens and the international community in combating corruption, Al-Jadaan said, and would not tolerate or condone any violations of local or global business standards.

“There will be no privileges or exceptions for any investor in order to provide a fair and transparent investment environment based on merit, not nepotism and favoritism. This will provide a healthy and attractive environment to investment, and accelerate the pace of national transformation to achieve the aspirations of Vision 2030.”

Culture and Information Minister Awwad bin Saleh Al-Awwad said King Salman and Crown Prince Mohammed bin Salman were keen to protect public money and eradicate corruption, which was a deterrent to the economy and society. The creation of the committee, led by the crown prince, was a shift in transparency, accountability and governance to produce a healthy environment attractive to investment.

Al-Awwad said that the fight against corruption would achieve social justice and consolidate the values of integrity, justice and equality in society. It would safeguard public funds and punish corrupt people and those who exploit their positions, and establish the state’s management style based on integrity, honesty and sincerity.

Reuters news agency reported that among those detained in the new committee’s investigations were Prince Alwaleed bin Talal, chairman of Kingdom Holding; former Finance Minister Ibrahim Al-Assaf; former Economy and Planning Minister Adel Fakieh; former Riyadh Gov. Prince Turki bin Abdullah; Khaled Al-Tuwaijri, who headed the Royal Court under the late King Abdullah; Bakr bin Laden, chairman of Saudi Binladin Group; and Alwaleed Al-Ibrahim, owner of the MBC television network.

However, there has been no official statement as yet to confirm the details apart from local media reporting that a number of princes and businessmen were arrested on charges related to corruption and money laundering.

Sheikh Saud Al-Muajab, the attorney general and a member of the new committee, said: “The committee has initiated a number of investigations as part of the state’s judicial duty to combat corruption. The government of Saudi Arabia is undertaking these measures in accordance with its laws and regulations in a manner appropriate to the nature of the crimes.

“The suspects are being granted the same rights and treatment as any other Saudi citizen. A suspect’s position or status does not influence the firm and fair application of justice. During the investigation, all parties retain full legal privileges relating to their personal and private property, including funds.

“There is an independent judicial process under way, which will be fully respected. The establishment of the committee formalizes an ongoing process of existing investigations that needs to be concluded with due diligence and in accordance with the law. Everyone is presumed innocent until proven guilty, and everyone’s legal rights will be preserved.”

Ibrahim Al-Omar, governor of the Saudi Arabian General Investment Authority, said the establishment of the committee was “a vital step in creating a fair and level playing field for all potential investors.” This was a clear sign that Saudi Arabia was ready to protect companies’ and individuals’ investments from legally reprehensible actions, he said.

“Such policies are internationally accepted norms that will positively impact the country’s overall economic well-being. It should be noted that the anti-corruption committee is only one element of Vision 2030’s policy roadmap for the development of the Kingdom’s society and economy.”

The General Secretariat of the Council of Senior Scholars said it placed a high value on the establishment of the committee, identifying people who commit crimes and holding them accountable. It said the committee’s creation was another wise decision by King Salman in the public interest.


Saudi crown prince congratulates Djibouti president on re-election

Saudi Arabia’s Crown Prince Mohammed bin Salman has sent a cable of congratulations to President Ismail Omar Guelleh of Djibouti. (SPA/AFP/File Photos)
Saudi Arabia’s Crown Prince Mohammed bin Salman has sent a cable of congratulations to President Ismail Omar Guelleh of Djibouti. (SPA/AFP/File Photos)
Updated 17 April 2021

Saudi crown prince congratulates Djibouti president on re-election

Saudi Arabia’s Crown Prince Mohammed bin Salman has sent a cable of congratulations to President Ismail Omar Guelleh of Djibouti. (SPA/AFP/File Photos)
  • Ismail Omar Guelleh obtained 98.58 percent of the vote

RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman has sent a cable of congratulations to President Ismail Omar Guelleh of Djibouti after he won a fifth term in the country’s recent presidential elections 

In his cable, the crown prince wished the president success, stressing keenness on enhancing bilateral relations between the Kingdom and Djibouti. 

He also wished the president good health and happiness as well as the people of Djibouti steady progress and prosperity, Saudi Press Agency reported.

“President Ismail Omar Guelleh obtained 167,535 votes, which is 98.58 percent,” Interior Minister Moumin Ahmed Cheick announced last Friday.

He added that the confirmed results would be released by the Constitutional Council.

 


UN Security Council welcomes Saudi initiative to end Yemeni crisis

The UN Security Council has welcomed Saudi Arabia’s peace initiative to end the Yemeni conflict and reach a political solution to the crisis. (AFP/File Photo)
The UN Security Council has welcomed Saudi Arabia’s peace initiative to end the Yemeni conflict and reach a political solution to the crisis. (AFP/File Photo)
Updated 17 April 2021

UN Security Council welcomes Saudi initiative to end Yemeni crisis

The UN Security Council has welcomed Saudi Arabia’s peace initiative to end the Yemeni conflict and reach a political solution to the crisis. (AFP/File Photo)
  • The Council also called on Yemeni parties to continue implementing the provisions of the Riyadh Agreement
  • Members denounced recent cross-border attacks by Iran-backed Houthi militia on Saudi Arabia

RIYADH: The UN Security Council has welcomed Saudi Arabia’s peace initiative to end the Yemeni conflict and reach a political solution to the crisis.

In a press statement issued on Friday, the UNSC said the Saudi initiative is in line with the UN Special Envoy for Yemen Martin Griffiths’ peace proposal, Saudi Press Agency reported.

The Saudi proposal entails a nationwide cease-fire, the reopening of Sanaa International Airport and allowing fuel and food imports through the port of Hodeidah.

The statement indicated that the UNSC called on all Yemeni parties to engage constructively with the UN Special Envoy and negotiate without preconditions, for an immediate ceasefire throughout the country and a comprehensive political settlement, in accordance with the relevant provisions of the UN Security Council resolutions.

The UNSC also urged the participation of Yemeni women and the country’s youth in talks in accordance with relevant resolutions, underlying its members' commitment to the sovereignty and territorial unity of Yemen. 

The Council also called on Yemeni parties to continue implementing the provisions of the Riyadh Agreement.

The Security Council members denounced the recent cross-border attacks by the Iran-backed Houthi militia on Saudi Arabia, calling for an immediate end to the Houthis’ escalation against Yemeni city of Marib.

The council also held the Houthi militia accountable for the danger posed by the Safer oil tanker, calling on Houthis to ensure an immediate and unconditional access of the UN experts to inspect and repair the long-abandoned fuel tanker off the coast of Yemen.


Saudi Arabia announces 9 more COVID-19 deaths

Saudi Arabia announces 9 more COVID-19 deaths
Updated 17 April 2021

Saudi Arabia announces 9 more COVID-19 deaths

Saudi Arabia announces 9 more COVID-19 deaths
  • The total number of recoveries in the Kingdom has increased to 387,795
  • A total of 6,810 people have succumbed to the virus in the Kingdom so far

RIYADH: Saudi Arabia announced nine deaths from COVID-19 and 948 new infections on Saturday.
Of the new cases, 419 were recorded in Riyadh, 210 in Makkah, 133 in the the Eastern Province, 34 in Asir, 32 in Madinah, 23 in Jazan, 20 in Hail, 15 in Tabuk, 12 in the Northern Borders region, nine in Najran and seven in Al-Jouf.
The total number of recoveries in the Kingdom increased to 387,795 after 775 more patients recovered from the virus.
A total of 6,810 people have succumbed to the virus in the Kingdom so far.


Saudi King, Crown Prince donate $8.1 million to local charity platform Ehsan

Saudi King, Crown Prince donate $8.1 million to local charity platform Ehsan
Updated 17 April 2021

Saudi King, Crown Prince donate $8.1 million to local charity platform Ehsan

Saudi King, Crown Prince donate $8.1 million to local charity platform Ehsan
  • The platform has been recently launched as an integrated technology portal

DUBAI: Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman have donated $8.1 million for charitable and not-for-profit activities via the Ehsan Platform, state news agency SPA reported.

The platform has been recently launched as an integrated technology portal that contributes to the governance, management and sustainability of donations. King Salman donated $5.4 million (SR20 million) while Crown Prince Mohammed bin Salman contributed $2.7 million (SR10 million).

Dr. Abdullah bin Sharaf bin Jamaan Al-Ghamdi, Chairman of Saudi Data and Artificial Intelligence Authority, thanked the Saudi leaders for their generous donations which according to him was an affirmation of “attention being paid by the state’s leadership through being in touch with citizens’ needs and expending for goodness ways.”

Al-Ghamdi expressed the Crown Prince’s keenness to support charitable work and develop the non-profit sector.


Arab coalition destroys Houthi ballistic missile fired toward Jazan

Arab coalition destroys Houthi ballistic missile fired toward Jazan
Updated 17 April 2021

Arab coalition destroys Houthi ballistic missile fired toward Jazan

Arab coalition destroys Houthi ballistic missile fired toward Jazan
  • Coalition said it is taking operational measures to protect civilians

RIYADH: The Arab coalition destroyed a Houthi ballistic missile fired toward Jazan on Friday, Al-Ekhbariya reported.

The militia’s hostile attempts to target civilians are systematic and deliberate, the coalition said. 

The coalition said it is taking operational measures to protect civilians in accordance with international humanitarian law.

The attack came a day after the coalition destroyed five ballistic missiles and four explosive-laden drones launched by Houthis toward Saudi Arabia on Thursday.

Those attacks originated from Sa’dah governorate in Yemen, spokesman Brig. Gen. Turki Al-Malki said.