Winners of 6th Princess Seetah Awards announced

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Minister of Labor Ahmad Al-Rajhi. (Supplied)
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Riyadh Gov. Prince Faisal bin Bandar. (Supplied)
Updated 02 April 2019

Winners of 6th Princess Seetah Awards announced

  • The awards were presented by Minister of Labor Ahmad Al-Rajhi

The secretary-general of the Princess Seetah bint Abdul Aziz Award for Excellence in Social Work, Dr. Fahd Al-Maghlouth, announced the winners of the sixth iteration of the awards on Saturday evening.

Under the title “Business Governance and Program Sustainability,” the awards were presented by Minister of Labor Ahmad Al-Rajhi at a special ceremony attended by, among others, the governor of Riyadh.

Al-Maglouth pointed out that the award was inspired by the views and ideas of the late Princess Seetah bint Abdul Aziz, who, throughout her life, was an active charity and social worker.

This year, four institutions and individuals won awards, each receiving SR750,000 ($200,000).

The award for “Initiatives to Support and Encourage Islamic Endowment” was shared by Al-Madinah Al-Munawwarah Research and Studies Center and Al-Aradi Charitable Endowments. Both were praised for their unique, innovative submissions, in addition to their integrity and transparency, clear systems of governance, coherent administrative and organizational structures, shared values and stellar output.

The prize for “Excellence in Volunteering Programs and Projects” was won by the Social Services Department at the Royal Commission for Jubail, for its “Sustainable Quality of Life” program. The department was credited for its system of governance, professionalism, integrity and transparency in service delivery, as well as its clear financial and accounting system, implementation and operational plans with measurable performance reports.

The prize for “Social Entrepreneurship in Social Work,” meanwhile, went to Mohammed bin Hamad bin Mohammed Al-Jabr, for his financial support of various Saudi hospitals, Al-Jabr Charity Housing, the Autism Center, a number of boys and girls schools, Al-Ahsa Literary Club, Al-Jabr Charity Hall and a mobile clinic for cancer diagnosis.

Prince Saud bin Fahd, a member of the award’s board of trustees, said that its objectives were to recognize those who consistently pursued social work and launched initiatives that targeted communities in need.

He added that the award aimed to establish a culture of social, charitable, humanitarian and volunteer work across the Kingdom.

Al-Maghlouth congratulated this year’s winners and wished success to all those who had missed out, stressing the importance of participating in such awards in order to improve the quality of social work in the country through competition.

The award is based in Riyadh, and was established in 2012, under the patronage of King Salman, the honorary president of its council. It is an independent nonprofit organization, and has recognized 76 winners, both individuals and institutions, who excelled at social work through various projects and initiatives, over the past few years.

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

Updated 7 min 13 sec ago

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

RIYADH: The meeting of G20 finance ministers and central bank governors ended in Saudi Arabia with a determination to tackle pressing global concerns such as geopolitical and trade confrontations, as well as the challenge of the coronavirus outbreak.
The official communique — hammered out among the G20 policy-makers gathered in Riyadh over two days of discussions — said that global economic growth was expected to pick up “modestly” this year and next, on signs of improving financial conditions and some signs of easing trade tensions.
“However, global economic growth remains slow, and downside risks to the outlook persist, inching those arising from geopolitical and remaining trade tensions, and policy uncertainty. We will enhance global risk monitoring, including the recent outbreak of COVID-19 (coronavirus). We stand ready to take further action to address those risks,” the communique said.

On so-called “trade wars” between the US and China — which was not represented at the Riyadh meeting because of the outbreak — the communiqué said: “We will continue to take joint action to strengthen international co-operation and frameworks, and also reaffirm our commitments on exchange rates.”
There was general agreement by the ministers on measures on infrastructure investment, technology development, and plans to boost domestic capital markets across the world, especially in emerging and developing countries.
But a note of caution was also sounded in several areas.The G20 finance ministers said that “we are facing a global landscape that is being rapidly transformed by economic, social, environmental, technological and demographic changes.”
Apart from that mention of the environment, there was little attention given to the contentious issue of climate change. Towards the end of the communique, the ministers and governors said: “The financial stability board (of the G20) is examining the financial stability implications of climate change.”
The finance ministers’ gathering is the first formal event in preparation for the summit of world leaders that will take place in Saudi Arabia in November, with the three key aims of empowering people, safeguarding the planet and shaping new frontiers in technology and innovation.
The international taxation system was an area of focus at the finance ministers meeting, with some countries threatening a controversial digital tax. The communique said that “we continue to support tax capacity building in developing countries,” and called on all countries to sign multilateral agreements on tax matters. “We remain committed to the full, timely and consistent implementation of the agreed financial reforms,” it added.
Other big themes of the financial G20 meeting included inclusion of youth and women in the financial process. “We support the emphasis on digital financial inclusion of under-served groups, especially youth, women and small businesses,” the communique said.
There was also strong support for the work of the global Financial Action Task Force in combating money laundering and terrorism finance. “We reiterate our strong commitment to tackle all sources, techniques and channels of these threats,” the G20 ministers said, also backing measures to tackle the financing of nuclear proliferation. “We ask the FATF to remain vigilant with respect to emerging financial technologies that may allow for new methods of illicit financing,” it added.