Aden receives Saudi oil derivatives grant

The third batch of Saudi oil derivatives, worth a total of $4.2 billion, will reach the intended beneficiaries and improve the living standards of Yemenis. (SPA)
The third batch of Saudi oil derivatives, worth a total of $4.2 billion, will reach the intended beneficiaries and improve the living standards of Yemenis. (SPA)
Short Url
Updated 26 July 2021

Aden receives Saudi oil derivatives grant

The third batch of Saudi oil derivatives, worth a total of $4.2 billion, will reach the intended beneficiaries and improve the living standards of Yemenis. (SPA)
  • The Saudi grants have reduced the burdens on the Yemeni government’s budget, reduced the depletion of hard currency in purchasing oil derivatives from global markets

ADEN: A total of 75,000 metric tons of Saudi oil derivatives reached the Port of Aden to help the Yemeni authorities meet the growing energy demands.
Sent with the help of the Saudi Development and Reconstruction Program for Yemen (SDPRY), the shipment was received by the Deputy Gov. of Aden Badr Mouaen, the first undersecretary of Aden Mohammed Nasr Al-Shathili, SDPRY representative Mohammed Al-Yehya, and other officials.
Al-Yehya hoped that the third batch, worth a total of $4.2 billion, will reach the intended beneficiaries and improve the living standards of Yemenis.
Earlier batches in May and June helped increase energy output by more than 25 percent in Yemeni governorates and more than 40 percent in Aden and stabilized fuel supplies.
The Saudi grants have reduced the burdens on the Yemeni government’s budget, reduced the depletion of hard currency in purchasing oil derivatives from global markets, stabilized Yemen’s riyal exchange rate and fuel prices against the US dollar, provided job opportunities, raised the productivity of Yemeni citizens, raised the performance of vital sectors’ services, and improved the livelihoods of Yemenis.

The grant has helped to address the problem of frequent outages and increase power hours by 30 percent in comparison with March.

This support has had a positive impact on the economic, health and educational fields, and has improved general living conditions.

The SDPRY and the Yemeni government have developed an integrated governance mechanism for oil derivatives.

The Yemeni government has formed a supervisory committee consisting of Yemeni ministries and relevant authorities. The committee ensures that the grant reaches the intended beneficiaries and that the oil derivatives are used for their intended purpose.

The joint committee has scheduled the shipments of the Saudi oil derivatives grant to help the Yemeni government direct its expenses, use the amounts which were allocated to buy the oil derivatives to support the salaries of public employees and provide basic public services.

SDPRY has so far implemented 198 development projects and initiatives to support the Yemeni people in seven different sectors: education, health, water, transport, agriculture and fisheries as well as strengthening governmental institutions.

 


Herd immunity is priority not COVID elimination: Saudi official

Saudi Arabia is ranked second, equal with Hungary, on the latest Nikkei COVID-19 Recovery Index, released on Aug. 31. (AFP)
Saudi Arabia is ranked second, equal with Hungary, on the latest Nikkei COVID-19 Recovery Index, released on Aug. 31. (AFP)
Updated 15 sec ago

Herd immunity is priority not COVID elimination: Saudi official

Saudi Arabia is ranked second, equal with Hungary, on the latest Nikkei COVID-19 Recovery Index, released on Aug. 31. (AFP)
  • Reassurance that the vaccines are safe have largely been successful

JEDDAH: The swift development and implementation of vaccination procedures by Saudi authorities have been key to the Kingdom’s success in managing the COVID-19 pandemic, according to one of the country’s leading health officials.

Hani Jokhdar, the deputy minister for public health, told Arab News that the immediate priority is not to eliminate the virus, but to ensure levels of immunization in the country are as high as possible so that the risk of severe illness or death is minimized.
He added that cooperation between different sections of the Saudi authorities from an early stage had helped to ensure success an effective response to the health crisis. Citizens and expatriates also played their part in the effort to minimize the effects of the pandemic by adhering to the precautionary measures implements by Saudi authorities, Jokhdar said.
Saudi Arabia is ranked second, equal with Hungary, on the latest Nikkei COVID-19 Recovery Index, released on Aug. 31. It rates more than 120 countries based on their performance in terms of infection management, vaccine rollout and social mobility. The Kingdom received a score of 72, just one point behind top-ranked China.
“The acceleration in administering the vaccines through more than 585 vaccination centers spread all over the country has greatly contributed to this classification,” said Jokhdar. “Individuals had the freedom to decide when and where to receive the vaccine.”
On Saturday, the southern Al-Baha region recorded no cases of COVID-19, and only one case during the last three days of last week. But Jokhdar stressed that achieving zero daily cases is not the priority in the global effort to contain the pandemic.

FASTFACT

The rapid development of the vaccination program has been a key part of the Kingdom’s response to the pandemic, according to deputy minister for public health.

“To completely eliminate the virus is not the main goal” for health authorities around the world, he said. “The top priority is to reach high community immunity levels. We in Saudi Arabia … follow the same strategy in confronting the pandemic: We believe that what is more important than the zero-cases level is the immunity against the virus.”
Despite misleading information and false claims about the vaccines that are circulating worldwide, especially on social media, Saudi health authorities report that efforts to reassure citizens and residents that the vaccines are safe have largely been successful.
Abdullah Assiri, assistant deputy minister for preventive health, said that the only people who continue to refuse to receive the vaccines are “the deceived or the opinionated.”
“If the vaccines were meant to exterminate the poor and the middle class, as some have claimed, then why did the rich countries monopolize the vaccines, leaving Africa to struggle against COVID-19?” he said. He also pointed out that in many countries, politicians and other leaders, the rich and scientists were among the first to sign up for vaccination.
Meanwhile, the Saudi General Authority of Civil Aviation has sent a memo to all airlines operating at the Kingdom’s airports, including private aviation companies, detailing the procedures to be followed when verifying the immunization status of expatriates before they fly to the Kingdom.
And the Ministry of Islamic Affairs has reopened 2,027 mosques after sterilization procedures were completed.
According to data from the Ministry of Health, nearly 41 million doses of vaccine have been administered in Saudi Arabia, and more than 28 million PCR tests have been carried out.
World Health Organization figures reveal that there have been more than 228 million confirmed cases of COVID-19 worldwide, and the global death toll from the disease stands at about 4.7 million.


Registration for International AI Artathon launched in Saudi Arabia

Twitter: (@globalaisummit)
Twitter: (@globalaisummit)
Updated 16 min 37 sec ago

Registration for International AI Artathon launched in Saudi Arabia

Twitter: (@globalaisummit)
  • Saudi Arabia is creating an AI-friendly ecosystem, supporting big data concepts and solutions through its smart city programs such as NEOM

RIYADH: The Saudi Data and Artificial Intelligence Authority has announced the opening of registration for the second edition of the International AI Artathon 2021.
Applications to take part in the event, that will run until Sept. 26, can be made online. The artathon is expected to attract those interested in AI music, interactive art, wall art, volumetric art, and data, and participants will compete and create artworks using AI technologies.
Interactive arts, paintings, volumetric art, and music will make up the AI-based categories for the event.
In August, a report showed that Saudi Arabia’s big data and artificial intelligence could reach $891.7 million in five years, a new report showed.
The market reached $162.5 million in 2020, according to Reporterlink.com, and it could grow at an annual rate of 32.6 percent until 2026.
The pandemic, the report said, has led to innovative solutions that supported Saudi Arabia’s response to the global health crisis.
These include the Tawakkalna mobile application that facilitated curfew permits electronically, among others.
The Kingdom is creating an AI-friendly ecosystem, supporting big data concepts and solutions through its smart city programs such as NEOM, the report said.

 


Saudi schools taking world literacy test

KSA schools taking world literacy test. (SPA)
KSA schools taking world literacy test. (SPA)
Updated 25 min 25 sec ago

Saudi schools taking world literacy test

KSA schools taking world literacy test. (SPA)
  • The ministry is aiming to develop study plans according to up-to-date internal standards, improve the results of students in international tests

RIYADH: The Saudi Ministry of Education is preparing to administer the Progress in International Reading Literacy Study during the new school year that began last month.
The project is an international assessment and research study designed to measure reading achievement at the fourth-grade level, but will also include fifth graders this year due to the COVID-19 pandemic.
The ministry is aiming to develop study plans according to up-to-date internal standards, improve the results of students in international tests, assess the level of students and compare results among participating countries. It comes as part of policies, projects and programs that are aimed at improving the level of Saudi students in line with the objectives of Vision 2030.
The ministry is scheduled to give the test to fifth graders on Nov. 8-17 with the aim of assessing reading comprehension levels in tests held under the supervision of the International Association for the Evaluation of Educational Achievement.


Madinah governor honors Taibah Innovates winners

Prince Faisal was briefed on the exhibition accompanying the closing ceremony of the competition. (SPA)
Prince Faisal was briefed on the exhibition accompanying the closing ceremony of the competition. (SPA)
Updated 37 min 3 sec ago

Madinah governor honors Taibah Innovates winners

Prince Faisal was briefed on the exhibition accompanying the closing ceremony of the competition. (SPA)
  • Prince Faisal inaugurated the Ministry of Communications’ new initiative with Taibah Valley

MADINAH: Madinah Gov. Prince Faisal bin Salman sponsored a ceremony honoring the winners of the fourth edition of the Taibah Innovates Competition, organized by Taibah University.
The prince announced that the value of the prizes will be doubled from SR300,000 ($79,995) to SR600,000, distributed among five winning startup projects.
Prince Faisal was briefed on the exhibition accompanying the closing ceremony of the competition, in which the contestants who qualified for the final stage reviewed their pioneering projects and their future aspirations.
He then watched a documentary about the competition’s previous years, entitled “A Gate of Knowledge,” showcasing the different innovations and the progress made in helping young people come up with innovative services and products, and turning them into pioneering companies. During the ceremony, Prince Faisal inaugurated the Ministry of Communications’ new initiative with Taibah Valley. 


Saudi ambassador: Vision 2030 reforms bring India ‘immense opportunities’

Saudi ambassador: Vision 2030 reforms bring India ‘immense opportunities’
Updated 21 September 2021

Saudi ambassador: Vision 2030 reforms bring India ‘immense opportunities’

Saudi ambassador: Vision 2030 reforms bring India ‘immense opportunities’
  • Writing in The Indian Express newspaper, Saud Bin Mohammed Al-Sati praises relations
  • Says Indian investment in the Kingdom continues to grow

LONDON: Saudi Arabia’s Vision 2030 economic reform program has created “immense opportunities” for Indian companies, Saudi Arabia’s ambassador to India said.

Writing in The Indian Express newspaper, Dr. Saud bin Mohammed Al-Sati said the number of Indian companies investing in the Kingdom had continued to grow.
“In our endeavor to achieve the Vision 2030 strategic goals, we have created immense opportunities and an attractive business environment for our strategic partners,” Al-Sati said. 

Vision 2030 aims to diversify the Saudi economy away from fossil fuels and increase non-oil revenue, including from foreign investment.

Al-Sati said that in 2020, 44 new licenses were issued for Indian investments and that Saudi Arabia had made investments worth $2.81 billion in areas including renewable energy, agriculture and health.

In the column to mark Saudi Arabia’s National Day on Thursday, Al-Sati praised relations with India.
“Our dynamic cultural, socio-economic, and political partnership is based on mutual respect and shared values and interests and shall continue to thrive for the interests of our two friendly people and the people of the region,” he said.

Al-Sati outlined the progress made by Vision 2030 since it was announced in April 2016 by Crown Prince Mohammad bin Salman.

He said the reforms had helped Saudi Arabia weather COVID-19 and that the Kingdom’s investment environment was returning to pre-pandemic levels.