Federation of Saudi Chambers Organizes Saudi-Egyptian Business Council Meeting

The Federation of Saudi Chambers (FSC) in Cairo today organized the meeting of the Saudi-Egyptian Business Council in conjunction with the visit of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, to Egypt, in the presence of Saudi Minister of Commerce and Acing Minister of Media Dr. Majid Al-Qasabi, Saudi Minister of Investment Khalid Al-Falih and the participation of a high-level delegation of 58 Saudi businesspeople.

FSC President Ajlan Al-Ajlan, in a speech, noted that the conjunction of holding the meeting with the visit of His Royal Highness the Crown Prince, reflects the Kingdom of Saudi Arabia’s keenness to enhance relations in all fields, mainly the economic ones, pointing out that the Saudi-Egyptian relations are characterized by expandability and growth in a remarkable way in the future due to what the two countries enjoy of economic advantages and competitive characteristics.

Al-Ajlan stressed that the forum represents an important step towards enhancing and activating economic cooperation between Saudi and Egyptian businesspeople in a way that meets the aspirations of the two countries’ leaderships and peoples, noting that the trade exchange volume between the two countries in 2021 grew by more than 87% to SAR 54 billion compared with 2020, where joint investment over the past five years increased to more than USD 35 billion.

He also praised the role of the council in realizing strategic achievements and projects, enhancing relations, increasing the commercial exchange and developing joint investments.

FSC organized the meeting to discuss the role of the council in enhancing commercial and investment partnerships between the two countries.

Source: Saudi Press Agency

KSrelief Distributes 600 Food Baskets in Afghanistan

The King Salman Humanitarian Aid and Relief Center (KSrelief) distributed yesterday 600 food baskets to flood victims in Badghis Province, Afghanistan, benefiting 600 families.

This falls within the framework of humanitarian and relief projects, presented by the Kingdom of Saudi Arabia, represented by the KSrelief, to support food security for brotherly and friendly countries.

Source: Saudi Press Agency

Saudi Stock Exchange Main Index Ends Trading Higher at 11,659.64 Points

Saudi Stock Exchange’s main index ended trading higher here today, gaining 298.11 points to close at 11,659.64 points.

The total value of the trading reported was SAR 6.5 billion, while the toll of shares traded was 173 million, divided into over 338,000 deals.

The Saudi Parallel Market Index (NOMU) ended the day losing 166.98 points, to close at 20,875.37 points, with a valuation of SAR 25 million and an overall tally of more than 469,000 stocks traded and divided into as many as 2,464 deals.

Source: Saudi Press Agency

KSrelief Hands over PCR Device, Accessories to National Center for Central Public Health Laboratories in Seiyun, Yemen

King Salman Humanitarian Aid and Relief Centre (KSrelief) handed over today a PCR device and its accessories to the National Center for Central Public Health Laboratories in Seiyun District in Hadramout Governorate, in cooperation with the World Health Organization and the Yemeni Ministry of Public Health and Population.

Undersecretary of Hadramout Governorate for the Affairs of Al-Wadi and Al-Sahra Districts Issam Al-Kathiri expressed his appreciation for KSrelief’s continuous support to the Yemeni health sector.

For his part, Director of the National Center for Central Public Health Laboratories in Seiyun Dr. Nabil Ba-Abbad noted that the offered device has a great importance and forms a qualitative leap in the work of the center, especially in analyzing several diseases and epidemics, pointing out that the center is currently seeking to introduce the “Yemen soft” system to serve patients through dealing with patients electronically in the center that will be connected to all lab sections, and is considered the first program at the service level to facilitate test procedures and saving results in special files for each patient.

He also noted that the few coming days will witness the development of the food and water laboratory through introducing new appliances for all food and water tests.

This is part of constant support offered by the Kingdom of Saudi Arabia, represented by KSrelief, to develop the performance of the Yemeni health sector and improve the level of its services in a way that benefits patients and injured people.

Source: Saudi Press Agency

Saudi Ambassadors-Designate, Member of Shura Council Take Oath of Office before Custodian of the Two Holy Mosques

Saudi Ambassadors-designate to a number of brotherly and friendly countries and a new member of the Shura Council today took oath of office before the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud at Al-Salam Palace in Jeddah.

They newly appointed envoys who took the oath are Ambassador-designate to India Saleh bin Eid Al-Husseini, Ambassador-designate to Nepal Saad bin Nasser Abu Himed, Ambassador-designate to Peru Hassan bin Mohammed Al-Ansari, Ambassador-designate to Georgia Salman bin Abdulrahman Al Al-Sheikh, Ambassador-designate to Sri Lanka Khalid bin Hmoud Al-Qahtani, Ambassador-designate to Chile Khalid bin Ibrahim Al-Salloum, Permanent Representative to Geneva Abdulmohsen bin Majid bin Khathilah, Ambassador-designate to Vietnam Mohammed Ismail Dahlawi, and Ambassador-designate to Ethiopia Fahd bin Obeidallah Al-Humaidani.

Also, new member of the Shura Council Abdulrahman bin Suleiman Al-Sayari took the oath of office.

Custodian of the Two Holy Mosques wished the newly appointed ambassadors and member of the Shura Council success in their tenures.

The taking-oath ceremony was attended by Minister of State and Member of the Cabinet Khalid bin Abdulrahman Al-Issa, Deputy Minister of Foreign Affairs Waleed Al-Khuraiji, and Assistant Special Secretary to the Custodian of the Two Holy Mosques Tamim bin Abdulaziz Al-Salem.

Source: Saudi Press Agency

Egyptian Minister of Agriculture Highlights Positive Impact of HRH Crown Prince’s Visit to Egypt on All Joint Fields

Egyptian Minister of Agriculture and Land Reclamation Mohamed El-Quseir stressed that the visit of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, to Egypt will have a strong positive impact in joint fields between the two countries.

El-Quseir, in remarks to the Saudi Press Agency (SPA), referred to the strong Saudi-Egyptian relations, especially that they witnessed unprecedented momentum and cooperation recently thanks to the support, directives and keenness of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, and Egyptian President Abdelfattah El-Sisi.

The minister also praised the historical relations between the two brotherly countries and joint cooperation in all fields, mainly the agricultural sector and associated activities, agricultural exports, exchanging expertise, building capacities, and food security, in a way that realizes the interests of the two brotherly peoples.

Source: Saudi Press Agency

Egyptian Minister of Electricity: HRH Crown Prince’s Visit to Cairo Opens Ambitious Horizons for Cooperation Fields

Egyptian Minister of Electricity and Renewable Energy Dr. Mohamed Shaker stressed that the visit of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, to Cairo will open ambitious horizons for future cooperation aspects between the two countries in various domains, mainly in the fields of electric connection and energy.

Dr. Shaker, in remarks to the Saudi Press Agency (SPA) on the occasion of HRH Crown Prince’s visit, referred to the increase of cooperation volume through ambitious development projects that serve the two peoples and form an important pillar for pan-Arab and regional cooperation, stressing that energy is among the most important pillars of development, whether the cooperation was in the field of electric connection, renewable and clean energy projects, sea water desalination or green hydrogen.

The minister also noted that the electric connection project between the Kingdom of Saudi Arabia and Egypt is a result of the deep-rooted relations between the two countries throughout history, and reiterates the directives of both countries’ leaderships directives in realizing economic and social goals for the countries of the entire Arab world, especially that electric connection among them will form a core for a pan-Arab connection, in addition to its being a supporter to the 2030 visions in both countries.

Concluding his remarks, Dr. Shaker referred to the ambitious plans of the two counties to expand reliance on renewable energy resources, stressing that such a connection represents a “safety valve” for the two power grids in facing the instability of renewable energy systems in general and provide huge investments to address any impacts that might arise.

Source: Saudi Press Agency

HRH Crown Prince Arrives in Hashemite Kingdom of Jordan

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Deputy Prime Minister of the Kingdom of Saudi Arabia, arrived today in the Jordanian capital, Amman.

Upon arrival, HRH the Crown Prince was received by His Majesty King Abdullah II ibn Al Hussein of the Hashemite Kingdom of Jordan.

HRH the Crown Prince was also received by His Royal Highness Prince Al-Hussein bin Abdullah II, Crown Prince of the Hashemite Kingdom of Jordan; Saudi Ambassador to Jordan Naif bin Bandar Al-Sudairi and Jordan’s Ambassador to the Kingdom of Saudi Arabia Ali Al-Kayed.

HRH the Crown Prince was also received by HRH Prince Hashem ibn Abdullah II; HRH Prince Faisal ibn Al-Hussein, Advisor to His Majesty the King and Chairman of the National Policies Council; HRH Prince Hashem ibn Al-Hussein; HRH Prince Talal bin Mohammed, Special Advisor to His Majesty the King; and HRH Prince Rashid ibn Al-Hassan, Advisor to His Majesty the King.

HRH the Crown Prince was also received by Prime Minister Dr. Bisher Al Khasawneh; Speaker of the Senate Faisal Al-Fayez; Speaker of Parliament Abdul Karim Al-Daghmi; President of the Judicial Council Mohammed Al-Ghazo; President of the Constitutional Court Hisham Al-Tal; Chief of the Royal Hashemite Court Youssef Hassan Al-Issawy; Chairman of the Joint Chiefs of Staff Major General Youssef Hunaiti and a number of senior officials.

An official reception ceremony was held for HRH the Crown Prince.

In an official procession, His Majesty the King of Jordan accompanied HRH the Crown Prince to Al-Husseiniya palace.

Source: Saudi Press Agency

Final Joint Statement for HRH Crown Prince’s Visit to Egypt Issued

A final joint statement was issued for the visit of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, to the Arab Republic of 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 the Arab Republic of Egypt, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, paid an official visit to the Arab Republic of Egypt on 21 and 22/11/1443 H, corresponding to June 20 and 21, 2022, where President Abdelfattah El-Sisi and a host of senior government officials received HRH 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 Abdelfattah El-Sisi and HRH 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 USD 8 billion (around SAR 30 billion and 145 billion Egyptian Pounds) during the visit of HRH the Crown Prince, during which the Kingdom of Saudi Arabia expressed intention to lead investments in Egypt worth USD 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 Aquapower 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 Initiative Summit and Saudi Green Initiative Forum during the period of holding COP27 in Sharm Al-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 field 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 serve 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, His Royal Highness Prince Mohammad bin Salman bin Abdulaziz Al Saud, Crown Prince and Deputy Prime Minister, expressed his thanks to and appreciation of President Abdelfattah El-Sisi of the Arab Republic of Egypt, for the warm reception and generous hospitality accorded to him and the accompanying delegation during their stay in their second country, Egypt.

Source: Saudi Press Agency

Egyptian Minister of Immigration Hails Saudi-Egyptian Relations As Fruitful

Minister of Immigration and Egyptian Expatriates Affairs Nabila Makram said that Egypt is honored to host His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense of the Kingdom of Saudi Arabia on an important visit in a very delicate timing amidst global challenges.

Makram, in remarks to the Saudi Press Agency (SPA), extended gratitude to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and HRH the Crown Prince for great support to the Egyptian community in the Kingdom of Saudi Arabia, wishing the two peoples more prosperity.

She also described Saudi-Egyptian relations as fruitful thanks to the two countries’ peoples and that these ties represent a deep-rooted and close cooperation in all fields.

Source: Saudi Press Agency