Saudi Arabia gives $50m to Sri Lanka for medical faculty

Updated 19 September 2019

Saudi Arabia gives $50m to Sri Lanka for medical faculty

COLOMBO: Saudi Arabia provided a concessional loa3eeeillion) to Sri Lanka on Wednesday to establish a fully equipped faculty of medicine at the Sabaragamuwa University at Ratnapura.

The agreement was signed between vice chairman and managing director of the Saudi Fund for Development (SFD), Dr. Khaled Sulaiman Al-Khudairy, and secretary to the Ministry of Finance, Dr. R.H.S. Samaratunga, in the presence of the Saudi Ambassador in Colombo Abdulnasser Al-Harthy.

Following the signing ceremony at the Ministry of Finance in Colombo, Samaratunge said that the Saudi funding would help to contribute to the government policy of augmenting opportunities for higher education in medicine in Sri Lanka.

The funds will be used to construct infrastructure facilities and to provide undergraduates with state-of-the-art teaching and learning facilities (laboratory and other equipment) that will help provide them with a world-class medical education.

FASTFACT

 

The Muslim World League recently donated $5 million during Secretary-General Dr. Mohammed bin Abdulkarim Al-Issa’s visit to Sri Lanka to help the victims of the Easter Sunday bomb blasts.

Al-Harthy said that this is one of the several projects that is funded by the Saudi Fund for Development. The SFD has given SR1.4 billion to Sri Lanka as soft loans and grants since the 1980s, he said.

“We hope to help Sri Lanka not only in education; we will consider more such facilities in health, roads, irrigation, community development and agricultural sectors,” Al-Harthy said. 

Last year, the SFD granted two concessional loans worth $73 million to Sri Lanka for its higher education and water resource management sectors.

The SFD provided $28 million for the Wayamba University Township Development Project, which is being implemented by the Ministry of Higher Education and Highways. This project is designed to develop the academic facilities and infrastructure of the university as well as support the livelihoods of people who live in the area around it. The SFD also provided a concessional loan of $45 million to implement the Left Bank Development Project in Kaluganga.

The Muslim World League recently donated $5 million during Secretary-General Dr. Mohammed bin Abdulkarim Al-Issa’s visit to Sri Lanka to help the victims of the Easter Sunday bomb blasts.


Saudi jewelry designers reach sales worth SR10m via online shopping

Updated 08 December 2019

Saudi jewelry designers reach sales worth SR10m via online shopping

  • ‘Watan mn Dahab’ secures visitors against commercial fraud

JEDDAH: Saudi specialists have revealed precautionary measures that should be taken during the purchasing process of jewelry and precious metal at the national competition for gold and jewelry “Watan mn Dahab,” which concluded on Friday at the Jeddah Hilton Hotel. 
Estimated yearly sales of Saudi jewelry designers via online shopping reached SR10 million ($2.7 million), but the experts have still urged caution, and spoke to visitors at the event on how to secure themselves against commercial fraud.  
In the “Jewelry Online Shopping” conference, jeweler Rami Bawajeeh reviewed designers’ needs, such as metals, stones, design, drawing, clarification and description. He also reviewed the importance of learning presentation skills, sales, pricing, and the constant update of information.
He stressed the importance of online shopping, which represents the future of sales in the world of gold and jewelry, and enables new opportunities in e-commerce.
Bawajeeh advised jewelry designers to acquire new skills and experience to keep up with the Saudi market’s developments. He said he expected substantial growth of up to 200 percent in the next five years, amid the electronic transformation in the Kingdom and the spread of social media platforms and modern technologies.  
The supervisor of creative design at the advertising department of the University of Business and Technology in Jeddah, Safa Merheb, spoke about creating and designing advertisements for jewelry during a lecture on the topic. She said precious metals required special care to highlight their characteristics, and further attract the public to buy them.
Jewelry designer Effat Bahmeddin presented the international standards for jewelry design during an interactive workshop about “metal formation through drawing and coloring”. She highlighted the fundamental principles recognized for coloring and drawing, and stressed the importance of studying to support talent in order to reach excellence and success in the sector of gold and jewelry.
Chadi Mohammed Al-Mofleh, operation manager at Solitaire Laboratories, spoke about the importance of securing consumers against commercial fraud, through a thorough examination of jewelry, in the “Your Guide to Buying Jewelry” lecture. He spoke about classifying diamonds, processed diamonds, industrial diamonds, precious stones and precious metals.
He addressed how to ensure jewelry’s purity upon purchase, the major components for each piece, and modern techniques used in the diamond and precious stones industry which make the detection of natural stones difficult for experts without the use of sophisticated equipment. He noted the necessity of sending precious stones, diamonds and jewelry to laboratories and issuing a certification to protect the buyer and merchant equally.
Jewelry designer Dalal Al-Aqeel told her success story. She started in 2015 and overcame many challenges to reach an international level, and launch her brand Talida Jewellery. She noted that her goal was to create unconventional jewelry to keep pace with the market and satisfy the desires of women looking for sophistication and excellence.