Saudi Arabia's Prince Turki Al-Faisal: Multilateralism can encourage dialogue, genuine collaboration if given the chance

Saudi Arabia's Prince Turki Al-Faisal: Multilateralism can encourage dialogue, genuine collaboration if given the chance
Prince Turki Al-Faisal, chairman of King Faisal Center for Research and Islamic Studies (KFCRIS), mentioned that multilateralism is under pressure.  (File photo: AP)
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Updated 20 January 2020

Saudi Arabia's Prince Turki Al-Faisal: Multilateralism can encourage dialogue, genuine collaboration if given the chance

Saudi Arabia's Prince Turki Al-Faisal: Multilateralism can encourage dialogue, genuine collaboration if given the chance
  • “Multilateralism can encourage dialogue and genuine collaboration if given the chance", the prince said

RIYADH: Multilateralism and global governance, a central principle to solving international issues, is under threat and its decline was the main topic of discussion at the Think 20 (T20) inception conference, an intellectual backbone for the G20.

At the opening keynote address, Prince Turki Al-Faisal, chairman of King Faisal Center for Research and Islamic Studies (KFCRIS),  told the attendees, “multilateralism can encourage dialogue and genuine collaboration if given the chance. Presumably alliances and teamwork are good things and that corporation under a role base system.”

During the T20 conference, the research and policy advice network for the G20, held at King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh on Sunday, Al- Faisal mentioned that multilateralism is under pressure. 

“Fear takes over many developed societies, high popular expectations, mistrusting, national and international systems and institutions and various political and economic concepts are the only ingredients that are promoting extreme nationalism and isolations, which is ironic since most of those societies have benefited from multilateral initiatives and are likely to continue to prosper a union rather than an isolation," Prince Turki said.

During the "Multilateralism for a Prosperous World” session, Prince Turki mentioned the issue of where international interests lies. 

“I think we are facing a potential for divisions continued rather than being removed from the world stage whether it is on trade as we see the various issues that have come up in the world. These are all challenges that the world faces and I hope that through events like G20, specifically that T20, it should provide the research and the policy recommendations and find solutions,” he added. 

Faisal bin Fadel Al-Ibrahim, vice minister of economy and planning, said in the aftermath WWII, organizations such as the UN, the IMF, and the World Bank were seen as instrumental institutions in which multilateral cooperation occurred. He also mentioned that one of the major challenges of the 21st century was trying to update current multilateral institutions to the rise of emerging nations.

Abdul Aziz Al-Rasheed, deputy minister of finance, pointed out that the main challenges that multilateral organizations are facing is that “they have delivered in terms efficiency but I think that they failed in terms of distribution.”

Al-Rasheed mentioned that Saudi Arabia’s G20 theme is to realize the opportunities of the 21st century, “multilateralism organizations and platforms have to deliver for all and not for the few,” he said. 


Saudi minister of state for foreign affairs meets with Ireland’s FM

Saudi minister of state for foreign affairs meets with Ireland’s FM
Updated 35 min 39 sec ago

Saudi minister of state for foreign affairs meets with Ireland’s FM

Saudi minister of state for foreign affairs meets with Ireland’s FM

RIYADH: Saudi Arabia’s Minister of State for Foreign Affairs Adel Al-Jubeir on Wednesday held a meeting at the ministry’s headquarters in Riyadh with the Irish Foreign and Defense Minister Simon Coveney.

The two sides discussed during the meeting bilateral relations and means to develop them and exchanged views on regional and international matters of common interest.

Al-Jubeir organized an official luncheon for the Irish minister and his delegation.

The meeting and luncheon were attended by the Director General of the European Administration Sultan bin Khuzaim, the Irish Ambassador to Saudi Arabia John Gerard McCoy and the delegation accompanying the Irish minister.

 


Who’s Who: Meshaal bin Omairah, CEO of Abdullah Al-Othaim Investment Co.

Who’s Who: Meshaal bin Omairah, CEO of Abdullah Al-Othaim Investment Co.
Updated 51 min 55 sec ago

Who’s Who: Meshaal bin Omairah, CEO of Abdullah Al-Othaim Investment Co.

Who’s Who: Meshaal bin Omairah, CEO of Abdullah Al-Othaim Investment Co.

Meshaal bin Omairah was recently appointed as chief executive officer of Abdullah Al-Othaim Investment Co.

A financial expert with more than 25 years of experience in multinational and multidivisional companies, he also has specialist business skills in motivational etiquette, organization, analytics, and time management.

In addition, as a management professional his areas of knowledge include organizational development, corporate governance (strategic and financial), capital and funding optimization, financial engineering and restructuring, corporate risk assessment, and consultancy.

Bin Omairah has been a member of the Saudi Fisheries Co.’s audit committee since December 2017, and chairman of the audit and risk committee at Aljazierah Home Appliances since November 2018.

He previously served as chairman of the audit and risk committee and a member of the board of directors at both Rajhi Steel and the Global Beverage Co.

He has sat on the board of Manafea Holding since 2018 and is chairman of the company’s audit committee, and was CEO and a board member of Mohammed Abdul Aziz Al-Rajhi and Sons Investment Co.

Since January 2018, he has been an advisory board member at Bank Muscat and has been vice chairman and a member of the board of directors at Falcon Plastic Products Co. since September 2016.

Other board memberships and audit and executive committee roles held by Bin Omairah have been at the Benaa company for building materials, Jesco, Ardiseis, Sanjel International Saudi Arabia, the Arabian Geophysical and Surveying Co., and Air Liquide Arabia LLC.

He gained a bachelor’s degree in accounting from King Saud University and certificates in corporate governance and global management via INSEAD.


Saudi Arabia, US committed to addressing climate challenge with urgency: Joint statement

Saudi Arabia, US committed to addressing climate challenge with urgency: Joint statement
Updated 16 June 2021

Saudi Arabia, US committed to addressing climate challenge with urgency: Joint statement

Saudi Arabia, US committed to addressing climate challenge with urgency: Joint statement
  • The joint statement came after the US Special Presidential Envoy for Climate John Kerry visited the Kingdom
  • The two countries will work to strengthen the implementation of the Paris Agreement

RIYADH: Saudi Arabia and the US are committed to addressing the increasing climate challenge with “seriousness and urgency,” a joint statement said on Wednesday.
The two countries will work to strengthen the implementation of the Paris Agreement and actively promote a successful G20 in Italy and UN Climate Change Conference of the Parties (COP26) in Glasgow.
They also affirmed the importance of reducing greenhouse gas emissions and taking action during the 2020s to avoid the worst consequences of climate change.
The joint statement came after the US Special Presidential Envoy for Climate John Kerry visited the Kingdom where he met with Crown Prince Mohammed bin Salman on Wednesday and Minister of State for Foreign Affairs Adel Al-Jubeir on Tuesday.
Saudi Arabia and the US said they intended to work together to actively support and engage bilaterally on the Saudi Green Initiative and the Middle East Green Initiative, including on clean energy, sustainable agriculture, and land use.
The countries will also collaborate on accelerating the deployment of renewable energy and low-emissions power systems in the region, encourage private sector partnerships, and support ocean-based and nature-based solutions for addressing both mitigation and adaptation.
The two sides also aim to cooperate on the potential of clean hydrogen to address the hardest to abate sectors and to partner to accelerate clean hydrogen’s development and deployment.


GCC foreign ministers: Iran missile program should be addressed in nuclear talks

GCC foreign ministers: Iran missile program should be addressed in nuclear talks
Updated 16 June 2021

GCC foreign ministers: Iran missile program should be addressed in nuclear talks

GCC foreign ministers: Iran missile program should be addressed in nuclear talks

RIYADH: Talks in Vienna on the Iran nuclear deal should take into consideration Tehran’s ballistic missile program, Gulf Cooperation Council (GCC) foreign ministers said on Wednesday.
GCC countries should also be included in the dialogue, a meeting of the ministerial council in Riyadh heard.
The foreign ministers condemned Tehran for smuggling weapons to its proxy militia in Yemen - the Houthis. And they denounced attacks carried out by the militia in Yemen’s Marib province.
They also condemned the Houthis for obstructing the arrival of an international team to examine the decaying FSO Safer tanker that is moored off Yemen’s coast.
The tanker was abandoned more than five years ago and its structure, equipment and operating systems are deteriorating, leaving the tanker at risk of leaking, exploding or catching fire.
With 48 million gallons of oil on board, the UN warns a potential leak would be four times bigger than the 1989 Exxon Valdez disaster off the coast of Alaska, considered the world’s worst oil spill in terms of environmental damage.
The foreign ministers also said they reject foreign interference in the affairs of Arab countries and any actions that affect the water rights of Egypt and Sudan.
They also condemned the increase of drug smuggling from Lebanon after the Kingdom banned the import and transit of fruit and vegetables from the crisis-stricken country after authorities foiled two large drug smuggling attempts in April.


Saudi Arabia announces 15 more COVID-19 deaths

Saudi Arabia announces 15 more COVID-19 deaths
Updated 16 June 2021

Saudi Arabia announces 15 more COVID-19 deaths

Saudi Arabia announces 15 more COVID-19 deaths
  • The total number of recoveries in the Kingdom has increased to 451,187
  • A total of 7,621 people have succumbed to the virus in the Kingdom so far

RIYADH: Saudi Arabia announced 15 deaths from COVID-19 and 1,239 new infections on Wednesday.
Of the new cases, 371 were recorded in Makkah, 253 in Riyadh, 229 in the Eastern Province, 98 in Asir, 83 in Jazan, 71 in Madinah, 32 in Najran, 17 in Al-Baha, 17 in Hail, 10 in the Northern Borders region, nine in Tabuk, and five in Al-Jouf.
The total number of recoveries in the Kingdom increased to 451,187 after 932 more patients recovered from the virus.
A total of 7,621 people have succumbed to the virus in the Kingdom so far.
Over 16.1 million doses of a coronavirus vaccine have been administered in the Kingdom to date.