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أدوات الموضوع | التقييم: | انواع عرض الموضوع |
#1611
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رد: Saudi Arabia Economical and other News
Saudi Arabia is largest investor in Jordan with investments estimated at $14 billion RIYADH — The Federation of Saudi Chambers has revealed that the volume of trade exchange between Saudi Arabia and Jordan amounted to about SR16.6 billion in 2021, compared to SR11.6 billion in 2020. The volume of Saudi exports to the Jordanian market amounted to SR11.6 billion and Jordanian imports to the Saudi market amounted to SR5 billion. The volume of Saudi investments in Jordan amounts to $14 billion, through about 900 projects. This came in an economic report issued by the Federation of Saudi Chambers on the occasion of the current visit of Crown Prince Mohammed Bin Salman, deputy prime minister and minister of defense, to Jordan. — Source: Saudi Gazette June 22, 2022
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#1612
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رد: Saudi Arabia Economical and other News
Al-Jadaan stresses need to mobilize efforts to build for pandemic prevention and preparedness JAKARTA — The Minister of Finance Mohammed Bin Abdullah Al-Jadaan participated virtually Tuesday in the first meeting of the joint finance and health ministers of the Group of Twenty (G20), which is being held under the Indonesian presidency. Finance and health ministers from the G20 countries attended the virtual meeting, as did a number of representatives of the invited countries and heads of international and regional organizations. In his speech during the meeting, the Al-Jadaan affirmed the importance of cooperation between the ministers of health and finance in mobilizing efforts to build a basis for pandemic prevention and preparedness in the future, stressing the need for the health system’s resilience to remain the basis for future action to prevent and respond to pandemics. He pointed out to the main role of the Mediation Fund, which strengthens the health and financial coordination of the G20, for their role in shaping the health and financial future. It is worth mentioning that the meetings of the G20 ministers of finance and health began during the Japanese presidency in 2019 and continued during the Saudi presidency, with the aim of addressing the outbreak of the coronavirus (COVID-19). It was during the Saudi presidency that the G20 leaders committed during the extraordinary meeting to increase support for the prevention of pandemics and closing the gaps potential. Also, during the Italian presidency, a working group of the G20 was launched, consisting of experts from the ministries of finance and health, in accordance with Saudi Arabia's recommendation. This working group was established with the support of the World Health Organization; the Organization for Economic Cooperation and Development, and other relevant international organizations. — SPA Source: Saudi Gazette June 22, 2022
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#1613
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رد: Saudi Arabia Economical and other News
Jordanian Monarch highlights pivotal Saudi role in supporting causes of Ummah AMMAN — Crown Prince Mohammed Bin Salman held talks with Jordan’s King Abdullah II at Al-Husseiniya Palace here on Tuesday evening. King Abdullah decorated Crown Prince Mohammed Bin Salman the Necklace of Al-Hussein Bin Ali, one of the highest civilian decorations in Jordan, during the ceremony. Jordanian Crown Prince Hussein Bin Abdullah II attended the ceremony. The honor embodies the highest level of bilateral relations between the two countries. Speaking on the occasion, the Jordanian Monarch stressed the pivotal role of Saudi Arabia, headed by Custodian of the Two Holy Mosques King Salman, in supporting the nation’s causes. In his speech, Crown Prince Mohammed Bin Salman stressed the Kingdom’s keenness on consolidating fraternal relations with Jordan. “The goal is to push for a new phase of cooperation for the benefit of Jordan and Saudi Arabia, and there are great opportunities in Jordan that will benefit both the countries,” he said. The leaders also affirmed their pride in the highest level of bilateral relations between the two countries. The Crown Prince conveyed the greetings of King Salman to the Jordanian King, while the Jordanian King conveyed to the Crown Prince his greetings to King Salman. Source: Saudi Gazette June 22, 2022
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#1614
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رد: Saudi Arabia Economical and other News
Saudi Arabia, Egypt laud efforts in combating terrorism; praise level of security cooperation CAIRO — A final joint statement was issued following the visit of Crown Prince Mohammed Bin Salman, deputy prime minister and minister of defense, to Egypt. Following is the text of the statement: Based on the deep-rooted historical relations and close brotherly bonds and joint fate between the Kingdom of Saudi Arabia and the Arab Republic of Egypt and their leaderships and peoples; and in response to an invitation by President of Egypt, Crown Prince Mohammed Bin Salman, deputy prime minister and minister of defense, paid an official visit to Egypt on June 21 and 22, 2022, where President Abdel Fattah El-Sisi and a host of senior government officials received the Crown Prince at Cairo International Airport before accompanying the Crown Prince to Al-Ittihadiya Palace where an official reception ceremony was held. In an atmosphere of amicability and brotherhood that embodies the depth of close and historical relations between the two countries, an official discussion session was held between President El-Sisi and the Crown Prince. The president welcomed the Crown Prince, expressing happiness for the visit that would frame distinguished bilateral relations and move them to wider scopes in all fields. During the meeting, both sides reviewed the deep-rooted historical relations between the two brotherly countries and commended the level of cooperation and coordination in all fields, where they discussed means to develop relations in all domains in a way that enhances and realizes the interests of the two brotherly countries and peoples, reviewing the latest developments in the region and the world and stressing the mutual position and joint fate towards various regional and international issues of mutual interest. At the economic and commercial level, both sides agreed to enhance economic partnership at the investment and commercial levels between the two countries and moving them to wider scopes to reflect the depth of historical and strategic relations between them through realizing integration between available opportunities through the Saudi Vision 2030 and Egypt Vision 2030. The two sides also expressed willingness to increase the pace of investment cooperation and commercial exchange, encourage partnerships between the two countries’ private sectors, and joining efforts to create a fertile and stimulus investment environment that supports several targeted sectors, such as tourism, energy, healthcare, transport, logistics, ICT, real estate development and agriculture. Both sides also welcomed the announcement of huge investment and commercial agreements between the two private sectors worth $8 billion (around SR30 billion and 145 billion Egyptian Pounds) during the visit of the Crown Prince, with Saudi Arabia expressing its intention to lead investments in Egypt worth $30 billion. The two sides also announced cooperation in the field of generating renewable energy through implementing a project for electric power with a capacity of 10 gigawatts through ACWA Power Company. They also praised the volume of intra-trade between the two countries, which reflects the depth and sustainability of economic relations between the Kingdom of Saudi Arabia and Egypt, which agreed to continue coordination and cooperation in the field of preserving the marine environment, enhance commercial exchange between the two countries, mainly in the field of agricultural products, according to agreed-upon terms. The Kingdom of Saudi Arabia also commended the economic reforms of the Egyptian government, with both sides stressing keenness to enhance economic cooperation that seeks to realize economic stability and welfare for the two brotherly peoples and enhances their abilities to overcome challenges imposed by recent international crises. The two sides also expressed intention to complete negotiations on an agreement to protect and encourage investments and ratify it by the two sides as soon as possible. In the environment and climate change field, and out of the Kingdom of Saudi Arabia’s role in facing climate change challenges and preserving the environment and supporting Egypt in hosting the COP27, both sides agreed to hold the Middle East Green Initiative Summit and Saudi Green Initiative Forum during the period of holding COP27 in Sharm El-Sheikh. As for the health and educational fields, the two sides expressed aspiration to enhance cooperation in the medical field and stressed keenness to support global initiatives aimed at combating pandemics and current and future health threats and challenges. They also welcomed increasing the level of scientific and educational cooperation, calling for increasing cooperation in the higher education, research and innovation fields, and encouraging universities and scientific institutions and research centers to enhance research cooperation in fields of joint interest. As for tourism and culture, they highlighted the importance of cooperation in the tourism sector and developing tourist activities in the two countries and exploring what each country has of tourist elements, in addition to enhancing joint action regarding sustainable tourism that benefits the tourism sector and its development, boosting cultural cooperation, participating in cultural events and exhibitions, unifying visions and trends at international organizations concerned with the cultural fields. In the political arena, the Saudi and Egyptian sides stressed intention to enhance cooperation on all political issues and reach joint positions that can preserve the security and stability of the two countries, reiterating the importance of continuing consultations and coordination regarding the latest development in all bilateral and multilateral events in a way that contributes to realizing security, stability and prosperity in the two brotherly countries and the entire region. The two sides reviewed regional and international issues of common interest, topped by the Palestinian cause, where the two sides stressed the need to intensify efforts to reach a comprehensive and just settlement of the Palestinian-Israeli conflict, and to find a real horizon for returning to serious and effective negotiations to achieve peace, in accordance with the principle of the two-state solution, and relevant international legitimacy resolutions and the Arab Peace Initiative, in a way that guarantees the right of the Palestinian people to establish their independent state on the 1967 parallel, with East Al-Quds as its capital. In the Yemeni issue, the two sides renewed their full support for the international and regional efforts aimed at reaching a comprehensive political solution to the crisis in Yemen, based on the GCC initiative and its executive mechanisms, the outcomes of the Yemeni national dialogue, and Security Council Resolution No. 2216. The Egyptian side praised the Kingdom's efforts and its many initiatives aimed at encouraging dialogue and reconciliation between the Yemeni parties and ending the war in Yemen, and its role in providing and facilitating humanitarian access to all regions of Yemen. The two sides affirmed their support for the Presidential Leadership Council and its supporting entities to enable it to exercise its duties in implementing effective policies and initiatives that would achieve security and stability in Yemen. They also affirmed their support for the UN armistice agreement in Yemen and welcomed the announcement of its extension. The Saudi side appreciated Egypt's response to the request of the legitimate Yemeni government and the United Nations to operate direct flights between Cairo and Sana'a in support of that armistice and to alleviate the human suffering of the brotherly Yemeni people caused by the terrorist Houthi militia, with both sides stressing condemnation of the terrorist Houthi militia’s attacks on civilian objects and vital facilities in the Kingdom of Saudi Arabia, its threat to the security and safety of international sea corridors, and its intransigence in the face of efforts for a political solution to end the crisis in Yemen. On the Iraqi affairs, the two sides expressed aspiration for the Iraqi parties to reach a formula to form a comprehensive government that works to achieve the aspirations of the brotherly Iraqi people in security, stability, development and confronting terrorist organizations, and pushes Iraq's relations with its Arab brothers to broader horizons in light of unity, common destiny and goals that binds the peoples of the Arab world. On the Sudanese arena, the two sides affirmed their continued support for the success of the transitional phase, as well as the importance of dialogue between all Sudanese parties, in a way that contributes to preserving political and economic gains, and achieves unity among all components of the brotherly Sudanese people. On Lebanon, the two sides affirmed their keenness on the security, stability and unity of the Lebanese territories, and the importance of continuing efforts aimed at preserving the Arab identity, security and stability of Lebanon, supporting the role of the Lebanese state institutions, and carrying out the necessary reforms to ensure that Lebanon overcomes its crisis, and is no longer serving as a starting point for any terrorist acts and an incubator for organizations and terrorist groups that destabilize the security and stability of the region, and not be a source or transit point for drug smuggling. On the Syrian arena, the two sides stressed the importance of reaching a political solution to the Syrian crisis in a way that achieves the aspirations of the brotherly Syrian people and preserves Syria's unity and territorial integrity. They also stressed the need to stop regional interference in the Syrian issue that threatens the security, stability, unity and cohesion of Syria's social fabric, and expressed support for the efforts of the UN Special Envoy for Syria. On the Libyan arena, the two sides stressed the need to preserve the unity and integrity of the Libyan territories, and the importance of the Libyan brothers reaching an Inter-Libyan solution without any external interference, leading to holding the presidential and parliamentary elections simultaneously. The Saudi side valued Egypt's efforts to restore Libya's security, unity and sovereignty, and generously hosted the work of the Libyan constitutional track, in coordination with the United Nations, which allowed the Libyan brothers free space to chart the future of their country. The two sides stressed the importance of supporting the role of Libyan institutions and assuming their responsibilities. In this context, they praised the sincere national efforts and the legitimate procedures and decisions issued by the Libyan House of Representatives, in its capacity as the country's elected legislative body, expressing the aspirations of the brotherly Libyan people. The two sides also stressed the importance of immediately starting to implement the exit of all foreign forces and mercenaries from Libya without exception or procrastination and within a specific timeframe, in implementation of Security Council Resolutions Nos. 2570 and 2571, the outcomes of the Paris Summit, the Berlin Process, the Arab League, the African Union and the Libya Neighboring Countries Mechanism, and expressed support for the efforts of the related 5 + 5 Joint Military Committee, as well as the preservation of the ceasefire agreement in order to preserve the security, stability and capabilities of Libya. The two sides agreed on the necessity of supporting international efforts to prevent Iran from acquiring a nuclear weapon, ensuring the peacefulness of Iran's nuclear program, strengthening the role of the International Atomic Energy Agency, maintaining the non-proliferation regime, and the importance of supporting efforts to establish a zone free of nuclear weapons and other weapons of mass destruction in the Middle East, in a manner that contributes to achieving regional and international peace and stability. They agreed also on supporting Arab efforts to urge Iran to abide by the international principles of non-interference in the Arab countries affairs, to preserve the principles of good-neighborliness, and to spare the region all destabilizing activities, including supporting armed militias and threatening maritime navigation and international trade corridors. Regarding the Renaissance Dam crisis, the Saudi side affirmed its full support for Egyptian water security as an integral part of Arab water security, and urged Ethiopia not to take any unilateral measures regarding the filling and operation of the Grand Ethiopian Renaissance Dam, citing the importance of negotiating in good faith with Egypt and Sudan to reach a binding legal agreement in in this regard, in implementation of the presidential statement issued by the Security Council in September 2021, in order to avoid the damage caused by this project to the downstream countries, and to enhance cooperation between the peoples of Egypt, Sudan and Ethiopia. The Saudi side expressed its full solidarity with Egypt in all the measures it takes to protect its national security. For its part, the Egyptian side expressed its full solidarity with the Kingdom of Saudi Arabia in all the measures it takes to protect its national security, and stressed its rejection of any attacks on the territory of the Kingdom of Saudi Arabia, stressing that the security of the two countries is indivisible. In the security field, the two sides praised the level of security cooperation and coordination between the two countries, and expressed their desire to enhance this in order to achieve security and stability for the two brotherly countries. The two sides commended their efforts in the field of combating terrorism and its financing, and their joint efforts within the framework of the International Center for Targeting the Financing of Terrorism. At the conclusion of the visit, Crown Prince Mohammed expressed his thanks and appreciation of President El-Sisi of Egypt, for the warm reception and generous hospitality accorded to him and the accompanying delegation during their stay in their second country, Egypt. — SPA Saudi Gazette June 22, 2022
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رد: Saudi Arabia Economical and other News
Emir of Qatar Says Global Economy to Shrink by a Third Doha - Merza al-Khuwaldi Emir of Qatar Sheikh Tamim bin Hamad Al Thani warned on Tuesday of a wave of global economic stagnation and inflation that the world has not seen in 45 years, citing a slowdown of growth in the global economy by about a third this year. Speaking at the opening of the Qatar Economic Forum 2022, Sheikh Tamim said the economic forecasts indicating a slowdown of growth in the global economy could be a prelude to an inflationary recession the world has never seen since the period between 1976 and 1979, according to the world bank reports. Back then, sharp rises in the interest rates to combat inflation led to the economic recession of the early 1980s. International indicators He said positive health indicators have risen after the lifting of coronavirus pandemic restrictions, recovery of trade flow, increase in public spending, and growth in global demand at all levels. However, the confusion that has impacted the supply chains is still among the significant factors that are driving up prices, in addition to the devastating effects of the ongoing war in Ukraine. "The pandemic has revealed the extent of the gap between the rich and poor nations and contributed to its expansion, especially during the faltering efforts to achieve development and reduce poverty," said Sheikh Tamim. He called on the international community to adopt an approach to achieve equality in economic recovery between countries and save sustainable development goals. Ukrainian crisis Sheikh Tamim addressed the impact of the Ukrainian crisis and the rise in energy and grain prices, which have affected the global economy. He warned of the immediate humanitarian repercussions resulting from the war in Ukraine on crises in Ethiopia, Yemen, and Syria, which "may immediately result in exposing hundreds of thousands of people to the risk of starvation." He admitted that some issued had no economic solution, including the war and its devastating consequences on Ukraine and many other countries and peoples. He proposed a politically-oriented solution, warning that the food crisis should neither be left to the law of supply and demand, nor should the issue of extreme poverty be left to developing countries to face alone. Qatar's economy Sheikh Tamim tackled economic growth in his country, saying Qatar's gross domestic product growth outlook in 2022 is forecasted to be 4.9 percent. He attributed this growth to the rise in energy prices and the positive impact of the policies and procedures adopted by the government to support the economic sectors, boosting the private sector's production capacity and adapting to regional and global variables. He recalled the measures taken by the authorities in economic diversification, noting that some legislative amendments were introduced to facilitate commercial transactions, bolster competition, protect the consumer, encourage the industrial and technological sector, support the national products' competitiveness and increase the foreign direct investment by allowing full foreign investors ownership of companies. Sheikh Tamim noted that these efforts led to a significant increase in domestic and foreign investment volume in recent years, especially in foreign direct investment, which increased by 27 percent during 2021 compared to 2020. "We hope this growth will continue to rise in the coming years in accordance with the adopted plans." Qatari-Egyptian relationship Meanwhile, Minister of Finance Ali al-Kuwari announced at the Forum that Qatar would continue its investments in Egypt, describing the relations between Doha and Cairo as "brotherly and historic". He stressed that Qatar also wants to get investment returns in Egypt. Egypt's Minister of Trade and Industry Nevine Gamea revealed that both countries are discussing ways of increasing investment volume and expanding them in new areas. Qatar and Egypt agreed to launch a joint business council which will consist of businessmen who will work on boosting economic relations, investment, and trade between the two countries. ExxonMobil Meanwhile, QatarEnergy signed an agreement with the US company, ExxonMobil, to further develop Qatar's North Field East project, the world's largest liquefied natural gas (LNG) project. The Qatar News Agency stated that ExxonMobil boasts a 6.2 percent share in the $30 billion North East Field expansion project. Qatar, the world's largest exporter of liquefied natural gas, has partnered with several international companies to participate in the project, which will boost Doha's position as the biggest LNG exporter in the world. The North Field expansion includes six LNG trains that will increase Qatar's annual LNG capacity from 77 million tons per year to 110 million tons by 2026, cementing its position as the world's largest producer. Al Sharq Al-Awsat June 22, 2022
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رد: Saudi Arabia Economical and other News
New Ambassadors, Shura Council Member Sworn in Before King Salman Jeddah - Asharq Al-Awsat Several new Saudi ambassadors and a member of the Shura council were sworn in before Custodian of the Two Holy Mosques King Salman bin Abdulaziz on Tuesday. The ceremony was held at the al-Salam palace in Jeddah. The new ambassadors include the Kingdom’s envoys to China, Nepal, Peru, Georgia, Sri Lanka, Chile, Geneva, Vietnam, and Ethiopia. The new Shura council member was Abdulrahman bin Sleiman al-Siyari. The officials pledged to be loyal to their religion, king and nation and to preserve their interests and to honestly and loyally carry out their duties. Al Sharq Al-awsat June 22, 2022
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رد: Saudi Arabia Economical and other News
Saudi Arabia Allocates Tents for Hajj Pilgrims Infected with COVID-19 Jeddah - Saeed al-Abyad Dr. Abdel-Fattah Mashat, Saudi Arabia’s Deputy Minister of Hajj and Umrah, said the Kingdom would provide tents to isolate pilgrims infected with the Covid-19 during the upcoming Hajj. In an interview with Asharq Al-Awsat, Mashat noted that the relevant service provider companies would allocate a specific percentage of tents for isolation procedures, stressing that immediate penalties would be imposed for any shortage, including direct compensation for the pilgrims who were not provided with the requested services. He pointed to ongoing communication with Hajj affairs offices in more than 180 countries regarding agreements, as well as instructions and matters pertaining to the issuance of visas and other preparations. He revealed that the ministry has developed a new technology to serve pilgrims in the United States, Canada, Australia and Europe, which enables them to obtain approvals and services without intermediaries. This service helped reduce prices by more than 30%, he underlined. The ministry is also developing strategic plans in coordination with the relevant public and private sector agencies to overcome challenges and improve the Hajj experience, according to Mashat. “The Ministry of Hajj deals with all relevant sectors at home and abroad to make the Hajj successful and provide the best care for pilgrims,” he stressed. Moreover, he added that another technical service was recently launched by the ministry, a dedicated electronic awareness platform, which has been sent to pilgrims, Hajj affairs offices and workers to inform them about the regulations and standards. Regarding health protocols, Mashat underlined that Saudi Arabia has proven its success in dealing with all external circumstances, including the coronavirus pandemic. “We fully trust the efforts of the Ministry of Health to avoid the outbreak of any epidemics during the current Hajj season… We should also not forget the importance of the proactive work undertaken by the concerned authorities to deal with the developments and avoid a new outbreak,” he stated. The Ministry of Foreign Affairs plays an important role in facilitating the issuance of Hajj visas, Mashat said, especially with the adoption of the electronic visa system. The official also pointed to the role of service provider companies, which he said reflects development and progress in the sector. Al Sharq Al-awsat June 21, 2022
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#1618
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رد: Saudi Arabia Economical and other News
Egypt, Jordan, Bahrain Welcome Upcoming Summit in Saudi Arabia Cairo - Asharq Al-Awsat Egypt, Jordan, and Bahrain have welcomed the upcoming summit to be hosted by Saudi Arabia in July, comprising leaders of the Gulf Cooperation Council (GCC) countries, Egypt, Jordan, Iraq, and the United States. The support for the US regional summit in Jeddah, scheduled for next month, was voiced during a trilateral meeting between Egypt’s President Abdel Fattah el-Sisi, Bahrain's King Hamad bin Isa Al-Khalifa and Jordan’s King Abdullah in Sharm El-Sheikh on Sunday. The Saudi Royal Diwan has announced a scheduled official visit of US President Joe Biden to the Kingdom on July 15-16, at the invitation of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz. According to the Diwan, Biden is slated to attend a joint summit to which King Salman had invited the leaders of GCC countries, the Jordanian monarch, the Egyptian president, and the prime minister of Iraq. Sisi, at the trilateral meeting, confirmed Egypt’s hope for reinforcing constructive cooperation with Bahrain and Jordan. The talks touched upon the tracks of cooperation between Egypt, Bahrain, and Jordan, in addition to ways of achieving common goals and interests, Presidential Spokesman Bassam Rady said in a statement following the meeting. Sisi said Egypt aspires to further cooperation with Bahrain and Jordan to achieve the common interests of the peoples of the three nations as well as boost joint Arab action, particularly amid great challenges of multiple regional and international developments. The Bahraini and Jordanian kings praised "the inextricable" ties binding the three countries, stressing their keenness to elevate cooperation with Egypt to the level of strategic partnership. Furthermore, the kings added that they seek maximizing benefits of opportunities and potentials of cooperation relations with Egypt, Rady's statement added. King Hamad and King Abdullah also said that relations between the three countries “represent a cornerstone for maintaining regional security and stability as well as restoring balance to the region, in light of the pivotal importance of Egypt, Bahrain, and Jordan regionally and internationally.” The talks also touched upon the mutual coordination regarding issues of common concerns, in addition to the latest developments on regional and international fronts and challenges facing the region. Al Sharq Al-awsat June 20, 2022
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رد: Saudi Arabia Economical and other News
UAE to Open Expo City Dubai in October Dubai - Asharq Al-Awsat Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum announced on Monday the opening of the Expo City Dubai in early October. Sheikh Mohammed made the announcement after the historic success of Expo 2020 Dubai, which was visited by more than 24 million people and left a mark on the 170-year history of World Expositions. "Today, we announce the transformation of the exhibition site into Expo City Dubai, a new city that represents the ambitions of Dubai." He tweeted the announcement, adding that "Expo City Dubai will be an environmentally-friendly city that caters to families and future generations. A city connected to a port and two airports, and also to beautiful memories in the hearts and minds of millions of people." The new city will include a new museum, a world-class exhibition center, and the headquarters of cutting-edge and fast-growing companies. It will continue to host the pavilions of Saudi Arabia, Morocco, Egypt, and others. "It will be a city that embodies the dreams of every city." Expo City Dubai – the legacy plan of Expo 2020 Dubai and part of the Dubai 2040 Urban Master Plan – builds on the momentum and resounding success of the six-month World Expo to create an environmentally-friendly, tech-enabled city of the future. The city will open on October 1, 2022, and will include several flagship pavilions at Expo 2020 Dubai. Expo Dubai also contains a group of diverse attractions, offices, recreational facilities, restaurants, cafes, sports clubs, and a shopping center reachable via the Dubai Metro. The city includes the Dubai Exhibition Center, which provides world-class services for hosting exhibitions and conferences. Several of Expo 2020 Dubai's most important attractions will remain in the new city, including the iconic al-Wasl Plaza, the Garden in the Sky observation tower, and the Surreal water feature. Alif, the Mobility Pavilion and Terra, and the Sustainability Pavilion will live on as interactive educational experiences. Later this year, the Opportunity Pavilion will become the Expo 2020 Dubai Museum – a new addition highlighting the history and impact of the World Expos and celebrating the success of the six-month event. Other attractions for visitors include the Women's Pavilion, which highlights women change-makers from around the world, and the Vision Pavilion, honoring the vision of Sheikh Mohammed bin Rashid. Visitors will also be able to explore the falcon-inspired UAE Pavilion and the Kingdom of Saudi Arabia Pavilion. Details of several other Country Pavilions – including reworked versions of Luxembourg, Australia, Pakistan, India, Morocco, and Egypt will be announced in the coming months. Expo City Dubai will be free of single-use plastic and retain 80 percent of the infrastructure and buildings that have been constructed. It will also be the first WELL-certified community in the region, demonstrating the built environment's positive impact on health and wellness. Al Sharq Al-awsat June 21, 2022
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رد: Saudi Arabia Economical and other News
Interest Rates Are Well Below What Academic Formulas Suggest, Fed Report Says Policy rules used to guide central bank call for a rate between 4% and 7%, report says; Fed raised rates to a range between 1.5% and 1.75% Federal Reserve Chairman Jerome Powell said the central bank’s goal is to reduce inflation to 2%. The Fed approved a 0.75-percentage-point rate rise Wednesday, the largest interest rate increase since 1994. Several simple mathematical formulas used to inform where interest rates should be set under current economic conditions show that high inflation would call for the Federal Reserve to set rates between 4% and 7% this year, according to a report released by the central bank on Friday. The Fed consults such policy-setting rules but doesn’t unconditionally follow them when setting interest rates because they take into account a narrow set of economic data and they don’t account for the central bank’s difficulty stimulating growth during downturns when rates are pinned near zero. SOURCE: THE WALL STREET JOURNAL JUNE 17, 2022
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