Crown prince leads Saudi delegation at Summit for New Global Financial Pact

Update French President Emmanuel Macron (R) and Saudi Crown Prince Mohammed bin Salman pose for a photograph as they arrive at the Palais Brogniart for the New Global Financial Pact Summit in Paris on June 22, 2023. (AFP)
French President Emmanuel Macron (R) and Saudi Crown Prince Mohammed bin Salman pose for a photograph as they arrive at the Palais Brogniart for the New Global Financial Pact Summit in Paris on June 22, 2023. (AFP)
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Updated 22 June 2023
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Crown prince leads Saudi delegation at Summit for New Global Financial Pact

Crown prince leads Saudi delegation at Summit for New Global Financial Pact
  • Event attended by more than 300 officials, heads of state, business leaders
  • Summit announced last year by French President Macron and Barbadian PM Mottley

PARIS: Saudi Crown Prince Mohammed bin Salman led the Kingdom’s delegation at the Summit for a New Global Financial Pact in Paris, which kicked off on Thursday.

The event brought together more than 300 officials including heads of state, directors and representatives of international organizations and NGOs, private sector partners, philanthropists, climate experts, and members of civil society.

French president Emmanuel Macron opened the summit, which is set to focus on climate finance, by saying the global lending system needed to be reformed to ensure low-income countries “shouldn’t have to choose” between fighting climate change or poverty.

“We can make it work much better if this money and these liquidities were at the service of progress on the planet and tackling this double challenge that I mentioned: poverty and climate change, (and) biodiversity,” he said.

“Policymakers and countries shouldn’t ever have to choose between reducing poverty and protecting the planet,” he added.

WHO’S GOING?

Saudi Crown Prince Mohammed bin Salman

United Nations Secretary-General Antonio Guterres

World Bank Director Ajay Banga

IMF Managing Director Kristalina Georgieva

Chinese Premier Li Qiang

German Chancellor Olaf Scholz

President of the European Commission Ursula von der Leyen

President of the European Council Charles Michel

Brazilian President Luiz Inacio Lula da Silva

Egyptian President Abdel Fattah El-Sisi

South African President Cyril Ramaphosa

Also speaking at the summit, Antonio Guterres, secretary-general of the UN, said the global financial architecture is outdated.  

“We can take steps right now and take a giant leap to achieve global justice. I put forward the policy brief, a detailed blueprint for a redesigned global financial architecture capable of serving as a safety net for all countries,” he said.

“I have no illusions. This is a question of power and political will, and change will not happen overnight, but we can take urgent action today to meet the urgent needs of the developing and emerging economies,” he added.




French President Emmanuel Macron (R) and Saudi Crown Prince Mohammed bin Salman at the Palais Brogniart for the New Global Financial Pact Summit in Paris on June 22, 2023. (AFP)

Organizers said participants would be discussing institutional reforms on taxation, debt restructuring for poor countries, and an international carbon emissions tax, particularly in the maritime transport sector and on global financial transactions.

The summit, which concludes on Friday, was announced last year by French President Emmanuel Macron and Mia Mottley, Prime Minister of Barbados.

Macron said: “We must jointly agree on the best way to address these challenges in poor and emerging countries of the developing world, on the amount of investments, and on the reform of all infrastructures such as the World Bank, the International Monetary Fund, public and private funds.

Mottley said: “We must together build a more responsive, fair, and inclusive international financial system to combat inequalities, finance the climate transition, and bring us closer to achieving sustainable development goals.


Hajj pilgrims from Uzbekistan, Morocco, Niger and Iraq latest to arrive in Saudi Arabia

Hajj pilgrims from Uzbekistan, Morocco, Niger and Iraq latest to arrive in Saudi Arabia
Updated 24 May 2024
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Hajj pilgrims from Uzbekistan, Morocco, Niger and Iraq latest to arrive in Saudi Arabia

Hajj pilgrims from Uzbekistan, Morocco, Niger and Iraq latest to arrive in Saudi Arabia

RIYADH: The first group of pilgrims from Uzbekistan, 950 in total, arrived in Makkah on Thursday ahead of Hajj.

Several expressed “gratitude to the Kingdom’s government for the services and facilities that have been provided to make their pilgrimage safe and reassuring,” the Saudi Press Agency reported.

Meanwhile, the Saudi ambassador to Morocco, Sami Al-Saleh, attended a farewell ceremony at Rabat-Sale Airport as the first group of Hajj pilgrims from the country set off for the Kingdom. He was accompanied by the Moroccan minister of endowments and Islamic affairs, Ahmed Toufiq, and other senior government officials.

Similarly, the Saudi ambassador to Niger, Zaid Al-Harbi, saw off the first group of Nigerien pilgrims as they departed from the capital, Niamey. The country’s prime minister, Ali Lamine Zeine, was also present.

Closer to home, a second group of Hajj pilgrims from Iraq arrived at the Arar border crossing in the Northern Borders Province on Thursday, where authorities said they received a warm welcome and benefited from a range of services and procedures designed to streamline entry procedures.

The Iraqi pilgrims expressed their thanks and “commended the Kingdom’s leadership for the generous hospitality and exceptional services provided by the authorities responsible for Hajj affairs,” SPA reported. 

They also praised the facilities at the crossing, which officials said will operate around the clock throughout the Hajj season to provide the best possible pilgrimage experience.


Saudi FM discusses Gaza, West Bank with Palestinian PM

Saudi FM discusses Gaza, West Bank with Palestinian PM
Updated 23 May 2024
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Saudi FM discusses Gaza, West Bank with Palestinian PM

Saudi FM discusses Gaza, West Bank with Palestinian PM

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan on Thursday spoke to Palestinian Prime Minister and Minister of Foreign Affairs Mohammed Mustafa by telephone, the Kingdom’s Foreign Ministry said.

They discussed developments in the West Bank, Gaza Strip and its surrounding areas.


Oversight and Anti-Corruption Authority issues statement following Riyadh food poisoning incident

Riyadh experienced a wave of food poisoning cases caused by clostridium botulinum at the end of April. (File/Shutterstock)
Riyadh experienced a wave of food poisoning cases caused by clostridium botulinum at the end of April. (File/Shutterstock)
Updated 23 May 2024
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Oversight and Anti-Corruption Authority issues statement following Riyadh food poisoning incident

Riyadh experienced a wave of food poisoning cases caused by clostridium botulinum at the end of April. (File/Shutterstock)
  • Nazaha says royal directives mandate the holding of all responsible officials accountable

RIYADH: Following the recent food poisoning incident at a Riyadh restaurant, the Kingdom’s Oversight and Anti-Corruption Authority has said anyone found to be negligent in ensuring public health and safety will be held accountable.

The authority, also known as Nazaha, added on Thursday that measures will be taken against anyone found to have obstructed the investigation into the incident and concealed crucial information regarding the cause of poisoning.

Riyadh experienced a wave of food poisoning cases caused by clostridium botulinum at the end of April.

The outbreak was linked to the consumption of food from a Hamburgini fast-food restaurant and led to several hospitalizations and one death.

The Ministry of Municipal, Rural Affairs and Housing later announced that a Saudi Food and Drug Authority laboratory test found clostridium botulinum in the Bon Tum mayonnaise brand used by the food chain.

As a result, the distribution of the mayonnaise product was suspended and it was withdrawn from markets and food facilities across all cities in the Kingdom.

Operations at the Bon Tum factory producing the mayonnaise were halted in preparation for implementing statutory procedures.

Initial investigations by Nazaha “revealed attempts to conceal or destroy evidence, suggesting potential collusion by a small number of unscrupulous food establishment inspectors who prioritized personal gain over public health and safety,” the authority said on Thursday.

Nazaha said that royal directives mandate the holding of all responsible officials accountable, regardless of position.

“This applies to those who neglected or delayed fulfilling their duties, actions which may have contributed to the poisoning or hindered response efforts. Consequently, a high-level committee has been established to verify and oversee the implementation of these directives,” Nazaha said.

Nazaha added that comprehensive reports detailing the circumstances, causes, and those potentially responsible for the poisoning were produced around the clock after the incident.

The reports encompassed laboratory analyses of samples from various establishments and details of medical care provided to suspected victims, it said.

Precise laboratory testing, conducted by local and international foodborne illness specialists, swiftly identified the type and cause of the poisoning, the authority said.

Nazaha said the incident was contained and has been resolved.


Saudi Arabia secures membership in International Transport Forum

Saudi Arabia secures membership in International Transport Forum
Updated 23 May 2024
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Saudi Arabia secures membership in International Transport Forum

Saudi Arabia secures membership in International Transport Forum

RIYADH: Saudi Arabia secured membership in the International Transport Forum on the sidelines of the event held in Leipzig, Germany.

Saudi Minister of Transport and Logistics Saleh bin Nasser Al-Jasser said that the membership symbolizes the Kingdom’s commitment to addressing transportation challenges through innovative and sustainable solutions. It also supports the Kingdom’s established role in developing the transport and logistics sector, he added, highlighting the Saudi Vision 2030 goal of benefiting from the country’s strategic location to become a global logistics center.

Al-Jasser said that the Kingdom has made significant strides in logistics, jumping 17 places to reach 38th place globally in the logistics services performance index. Additionally, the Kingdom achieved 13th place globally in the IATA’s international air connectivity index and 16th in the maritime navigation network connectivity index. He also noted the launch of a new air carrier, Riyadh Air, aimed at connecting the Kingdom to more than 250 international destinations.

The Kingdom is committed to enhancing the resilience of its transport infrastructure, promoting sustainable mobility and ensuring equitable access to transport services for all, Al-Jasser said.

Saudi membership of the ITF confirms its prominent position in the global transport sector, the minister added. This membership will enable the Kingdom to contribute to enacting legislation and regulations that improve and develop transportation on an international scale, he said.


Italian shipbuilding giant floats Saudi Arabia partnership plan

Italian shipbuilding giant floats Saudi Arabia partnership plan
Updated 23 May 2024
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Italian shipbuilding giant floats Saudi Arabia partnership plan

Italian shipbuilding giant floats Saudi Arabia partnership plan
  • Fincantieri stands out in the shipbuilding industry for its innovation, says CEO

RIYADH: One of the world’s biggest shipbuilders will work in partnership with Saudi Arabia to strengthen the Kingdom’s maritime sector, with a focus on sustainability and the development of “green shipping.”

Fincantieri, an Italian company and Europe’s largest shipbuilding group, highlighted its commitment to Saudi Arabia’s Vision 2030 agenda at a conference under the theme “Where Vision Meets Maritime Excellence” held in Riyadh on Wednesday.

Saudi decisionmakers from related sectors in Riyadh joined Italian officials in a range of sessions at the forum.

During the event, Fincantieri CEO Pierroberto Folgiero outlined the shipbuilder’s plans to collaborate with Saudi companies in line with Vision 2030.

“Our commitment to the Kingdom of Saudi Arabia is steadfast,” he said.

Fincantieri stands out in the shipbuilding industry for its innovation, and has a leading role in the naval, cruise, and oil and gas sectors, Folgiero said.

The CEO highlighted the importance of developing green ships, designed to minimize the environmental impact of maritime operations, as part of Saudi Arabia’s commitment to achieving net-zero emissions by 2060.

Digitizing shipyard operations through innovations such as AI also aligns with the goals of Vision 2030, Folgiero said.

“Today, the shipping industry and the maritime industry, in general, is coping with environmental regulation. For us, it is not only a source of compliance, but also a source of distinctiveness. So, we believe that in the maritime sector, in the shipbuilding sector, mastering energy transition and new technologies will be a source of competitiveness and distinctiveness,” he said.

“That is why we are engaged in all the solutions (regarding) energy transition at sea. We are a new engine. We are in biofuels. We are in methanol. We are in LNG. We are in ammonia. We are in hydrogen. We are everywhere there is innovation at sea.”

Maria Tripodi, undersecretary of state for foreign affairs at the Italian Ministry of Foreign Affairs and International Cooperation, discussed the significance of keeping operations and businesses sustainable.

Fincantieri’s ships are built to produce zero carbon emissions, which helps to protect the environment and marine ecosystem, she said.

Khalil Ibrahim bin Salamah, deputy minister for industry affairs at the Saudi Ministry of Industry and Mineral Resources, said: “Localization for us is a key factor. Key components are crucial, but the whole supply chain is equally important.”