Bangladesh and Saudi Arabia boost military relationship

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Troops parade on Sunday at the close of the “Gulf Shield-1”joint military exercise involving 22 nations in Jubail, in Saudi Arabia's Eastern Province. (SPA)
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Troops parade on Sunday at the close of the “Gulf Shield-1”joint military exercise involving 22 nations in Jubail, in Saudi Arabia's Eastern Province. (SPA)
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Participants in the joint military exercise named “Gulf Shield-1” perform a sea-air-land assault at a beach in the Kingdom's Eastern Province. (SPA)
Updated 16 April 2018

Bangladesh and Saudi Arabia boost military relationship

  • Bangladesh was among 20 countries participating in the joint military exercise
  • Bangladesh's military participated in the first Gulf War

DHAKA: Bangladesh Prime Minister Sheikh Hasina visited Saudia Arabia on Sunday to attend the concluding ceremony of a joint military exercise named “Gulf Shield -1” hosted by the Kingdom.
An 18-member Bangladesh Armed Forces delegation has taken part in the month-long joint exercise.
It is for the first time that Bangladesh armed forces are taking part in a joint military exercise in Saudi Arabia.
Apart from Bangladesh and the host Saudi Arabia, 19 other countries have participated in the exercise with a view to increase more military coordination.
The Bangladesh premier was invited by King Salman to witness the concluding ceremony.
“The prime minister will attend the concluding ceremony of the joint military exercise,” said acting Foreign Secretary Khorshed Alam.
Bangladesh enjoys a diversified historic relationship with Saudi Arabia.
“During this visit so far, there is no schedule of any bilateral talks and after the concluding ceremony, the prime minister will fly to the UK to attend the Commonwealth Head of Government Summit,” according to Alam speaking to Arab News.
Earlier in 1990, the Bangladesh military participated in the first Gulf War. “The joining of the Bangladesh military in this joint exercise has a huge significance,” said a renowned security analyst, Maj. Gen. (retired) Abdur Radhid.
“This joint military exercise may initiate a new era of military relationship between Bangladesh and Saudi Arabia and definitely it’s a very bold decision from Bangladesh side,” said Rashid.
Bangladesh's military has a huge prospect to work with Saudi Arabia in different capacity. “Our military can help the Saudi Arabia in maintaining security of VP (Vulnerable Points) and KPI (Key Point Installations) areas as we have earned a very high estimation in global area through the UN Peace Keeping Forces,” commented another security analyst, Major General (ret.) Helal Morshed Khan.
In the Middle Eastern countries, Bangladesh has a great interest in terms of labor market, oil purchase and religious fellow feelings. ” Bangladesh is ready to take the new opportunities this time by nurturing a close relationship with Saudi Arabia,” said Professor Dr. Delwar Hossain, a Middle East expert.


G20 ready to limit effects of coronavirus on global economy, Saudi finance minister

Updated 56 min 57 sec ago

G20 ready to limit effects of coronavirus on global economy, Saudi finance minister

RIYADH: Finance officials from the Group of 20 major economies agreed on Sunday to continue monitoring the risk from the coronavirus outbreak and to adopt appropriate policies to limit the global economic impact, Saudi Arabia's finance minister said.
The two-day gathering in Riyadh was dominated by growing concern over the widening fallout from the coronavirus outbreak, with the International Monetary Fund predicting it would shave 0.1 percentage point off global growth. 
During the meeting, which also included central bank governors heads of international and regional organizations, under the Saudi G20 Presidency, was chaired by Saudi finance minister Mohammed Al-Jadaan and the Saudi Central Bank
governor Ahmed Al-Kholifey.
They also discussed the global economic outlook and possible policy responses to support growth and safeguarding against downside risks, as well as the priorities of the Saudi G20 presidency, under the theme of “Realizing Opportunities of the 21st Century for All.” 
They also addressed the tax challenges arising from the digitalization of the economy, utilizing the benefit of technology for infrastructure, developing domestic capital markets, and framing supervisory and regulatory issues for the digital era.