ICESCO, Sudan Discuss Ways to Enhance Cooperation in Fields of Education, Science and Culture

Rabat– Director-General of the Islamic World Educational, Scientific and Cultural Organization (ICESCO) Dr. Salim bin Mohammed Al-Malik received Ambassador of the Republic of the Sudan to the Kingdom of Morocco Mawddah Omar Haj Al-Toum.

During the meeting, they discussed ways to enhance cooperation between ICESCO and Sudan in the fields of education, science and culture.

They also discussed the aspects of cooperation between ICESCO and the Sudan in enhancing the status of teaching Arabic to non-Arabic speakers by writing the local African languages in the Arabic script to preserve them from extinction, and the importance of inscribing the Sudanese cultural elements and heritage sites on ICESCO’s Islamic World Heritage List.

Source: Saudi Press Agency

Saudi Electricity Company Announces its Financial Results for Second Quarter and Half-year 2022

Riyadh– The Saudi Electricity Company (SEC) announced today its financial results for the second quarter and half-year 2022.

The key highlights of the financial results for Q2 2022 are as follows:

Operating revenues amounted to SAR19.40 billion, a 4.4% increase compared to SAR 18.58 billion during the same period last year.

Gross profit rose to SAR 6.54 billion from SAR 6.45 billion in Q2 2021, representing an increase of 1.3%.

Operating profit was SAR 5.89 billion compared to SAR 6.13 billion during the same period last year, representing a decline of 4.4%.

Net income was SAR 5.50 billion compared to SAR 5.82 billion during the same period last year, also representing a decline of 5.5%.

During H1 2022, the company achieved operating revenue of SAR 32.93 billion compared to SAR 31.93 billion during the same period last year, representing an increase of 3.1%. While gross profit amounted to SAR 9.18 billion compared to SAR 9.39 billion in H1 2021, representing a decline of 2.2%, and operating profit of SAR 8.07 billion compared to SAR 8.41 billion during the same period last year, representing a decline of 4%.

Net income was SAR 7.02 billion compared to SAR 7.52 billion in H1 2021, representing a decline of 6.6%. The company’s total equity at the end of H1 2022 stood at SAR 252.7 billion.

The company reported that net income attributable to common shares for the first six months ended June 30, 2022 (after deducting profit attributable to the Mudaraba instrument of SAR 3.8 billion ) amounted to SAR 3.2 billion compared to SAR 3.7 billion during the same period last year. Based on this, basic and diluted earnings per share for the period ended June 30, 2022 was 0.77 SAR, compared to 0.89 SAR for the same period last year.

The Saudi Electricity Company attributed the decrease in net income in Q2 and H1 2022, compared to the same period last year, primarily to higher operating and maintenance costs and higher allocation of accounts receivable affected by aging of accounts receivable. Furthermore, the company also indicated that higher operating revenues were partly offset by higher operational costs driven by the growth of demand for electricity.

Commenting on the results, CEO of SEC Eng. Khaled Al-Gnoon said: “The improvement in the financial performance of the company was supported by higher operating revenues as a result of the growth of electricity consumption of commercial, industrial and government sectors, which in turn reflects the Kingdom’s strong economic growth during the current year. In addition to the fast-growing subscribers’ base as the company has successfully delivered electricity to more than 202,000 new customers during the first half of 2022, distributed across all residential, commercial, industrial, agricultural, and government sectors, bringing the total number of customers to more than 10.7 million.

Engineer Al-Gnoon added: “We are making great progress investing in network modernization, digitization, and automation, in addition to keeping up with the increasing demand for electricity and the necessary network expansion. Moreover, financial, regulatory and structural reforms continue to have a positive impact on our operations and operational performance, further enabling us to contribute to the achievement of the power sector’s goals in raising the quality and reliability of the electricity provided to the end consumer, while also contributing positively towards environmental sustainability in line with the Kingdom’s 2030 Vision.”

Source: Saudi Press Agency

Saudi Conciliation Platform Serves over 1.9 Million Clients since its Launch

Riyadh– The “Taradhi” conciliation e-platform has held over 600,000 remote sessions, issued 120,000 conciliation certificates, and served over 1.9 million clients since the launch of the service, announced the Saudi Ministry of Justice (MoJ). The platform aims to settle disputes remotely in an easy and efficient manner.

“The conciliation certificates issued by the platform are recognized as enforcement instruments that can be directly enforced through the enforcement judiciary if the conciliation agreement is violated,” the MoJ said.

The ministry has worked on enhancing client experience by streamlining procedures, implementing electronic integration, and improving the infrastructure.

To use the conciliation service through the platform, the client visits the homepage at taradhi.moj.gov.sa, selects the type of conciliation application, and fills in a form to receive a confirmation message. This is followed by another message setting the date for the session. After the parties meet and agree on various issues, the agreement is referred to the Conciliation Center for verification and certification upon the parties’ final approval through National Single Sign-On.

Source: Saudi Press Agency

Saudi Stock Exchange Main Index Ends Trading Higher at 12560.48 Points

Riyadh– Saudi Stock Exchange’s main index ended trading higher here today, gaining 5.98 points to close at 12560.48 points.

The total value of the trading reported was SAR 5.7 billion, while the toll of shares traded was 138 million, divided into over 341,000 deals.

The Saudi Parallel Market Index (NOMU) ended the day gaining 56.47 points, to close at 21724.79 points, with a valuation of SAR 40 million and an overall tally of more than 735,000 stocks traded and divided into as many as 3839 deals.

Source: Saudi Press Agency

Jordanian Stock Exchange Ends Trading Lower

Amman– The Jordanian Stock Exchange closed trading today, down by 0.18 per cent, to reach the level of 2561.43 points.

The volume of traded shares amounted to 6 million, with a total value of about 8.7 million Jordanian dinars, through 2,954 deals.

Source: Saudi Press Agency

Panama: Second Review Under the Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Panama

Despite continuing challenges from the COVID-19 pandemic and new risks emanating from global uncertainties, a combination of sound policy measures and a resolute vaccination program have supported a gradual return to normality and underpin a rebound in economic activities. External imbalances remain contained, and fiscal consolidation is underway as the authorities are adhering to the fiscal rule, which ensures a declining path for the public debt to GDP ratio. While the outlook is favorable, it remains subject to elevated risks, including global uncertainties arising from the war in Ukraine, faster-than-expected US monetary tightening, tighter global financial conditions, higher crude oil prices, and new variants of the COVID-19 virus that may derail the recovery. Domestic risks include significant delays in implementing the FATF action plan to exit the grey list.

Source: International Monetary Fund

Q&A: Five years on, Rohingya refugees face dire conditions and a long road ahead

Thomas Kean – Senior Consultant, Myanmar & Bangladesh

In August 2017, the Myanmar military launched a brutal crackdown on Rohingya Muslims in Rakhine State. Hundreds of thousands fled and are now living in refugee camps in Bangladesh. In this Q&A, Crisis Group expert Thomas Kean explains why prospects for near-term repatriation remain low.

What is the situation of the Rohingya who fled to Bangladesh five years ago?

Nearly all of the approximately 730,000 Rohingya who fled Myanmar in the second half of 2017 remain in sprawling refugee camps in southern Bangladesh’s Cox’s Bazar. The total number of Rohingya refugees in Bangladesh — including both those displaced by the 2017 atrocities and the several hundred thousand who sought refuge earlier — is close to one million. To date, not a single refugee has returned to Rakhine State through the formal repatriation mechanism that Myanmar and Bangladesh set up in November 2017, soon after the exodus started. There were two failed attempts, in 2018 and 2019, to convince several thousand refugees to return, but those selected were unwilling to join the process absent sufficient Myanmar government assurances about their security, access to citizenship and livelihood opportunities upon return. The two countries have not yet been able to restart the process, and prospects for returns have only grown dimmer following the Myanmar coup in February 2021.

Living conditions for the refugees are poor and worsening. Most live in Kutupalong, the largest refugee camp in the world. They have few job opportunities and little access to formal education, while crime and violence, including killings of Rohingya community leaders, are on the rise. Factions within the Arakan Rohingya Salvation Army (ARSA), which launched attacks in Rakhine State in 2016 and 2017 that the Myanmar military used to justify its crackdown on the Muslim minority, have been fighting with rival groups for control of the camps. Bangladesh has blamed ARSA for the killing of a prominent Rohingya leader, Mohib Ullah, in September 2021. On the night of 9 August, two more community leaders were shot dead in the Jamtali camp. Partly in response to this violence, Bangladesh has been imposing tighter restrictions on the refugees, including limiting their ability to come and go from the camps, gain access to the internet and mix with locals.

The combination of prolonged displacement and deteriorating camp conditions has prompted some refugees to take difficult decisions about where their future lies. An unknown number — almost certainly in the hundreds, but possibly in the thousands — have returned to Myanmar informally. Others have paid hefty sums to traffickers to embark on dangerous boat journeys to Malaysia, which hosts the largest Rohingya refugee population after Bangladesh, while a smaller number seek passage to Indonesia.

Almost 30,000 Rohingya have also relocated to Bhasan Char, a small silt island in the Bay of Bengal that the Bangladesh government has spent hundreds of millions of dollars developing specifically to host up to 100,000 refugees. Prime Minister Sheikh Hasina has been pushing Bhasan Char as a “temporary solution”, insisting that it offers refugees better facilities than the overcrowded camps where most still reside. Humanitarian organisations long lobbied against this plan, primarily out of concern about the island’s exposure to cyclones and flooding, as well as about limitations on freedom of movement and lack of access to livelihoods. The Bangladeshi government eventually went ahead with the plan, anyway, moving the first group of Rohingya to the island in May 2020. From December of that year, it began sending thousands each month and it became fairly clear that Dhaka planned to continue relocations with or without international support. In October 2021, the UN high commissioner for refugees, on behalf of UN agencies working on the Rohingya refugee response, signed a memorandum of understanding with the Bangladeshi government to cooperate on service delivery to the island. The memorandum could be a positive development as it commits Dhaka to ensuring that relocations are voluntary and refugees have accurate information on living conditions awaiting them on the island. (There were allegations of coercive relocations when the first refugees arrived there.) For those who do choose to relocate to Bhasan Char, escaping the worsening situation in the Cox’s Bazar camps is likely to be the major motivation.

“The rise in crime and violence in and around the camps has heightened public pressure on the Bangladeshi government to adopt a tougher stance”.

The Bangladeshi government’s decision to press on with relocating Rohingya to Bhasan Char reflects a hardening of its position toward the refugee population. Although it opened its borders to the desperate refugees in 2017, Bangladesh made clear from the beginning that it would not allow them to stay indefinitely and that it expected international support to both host the Rohingya and facilitate their return to Myanmar. Now, the lack of progress on repatriation has left both the Bangladeshi people and the government increasingly frustrated — at Myanmar, outside actors and the refugees themselves. This development was foreseeable: for a country that still has high levels of poverty and unemployment, hosting over a million refugees is clearly an enormous challenge, particularly for the communities hosting them in Cox’s Bazar. The rise in crime and violence in and around the camps has heightened public pressure on the Bangladeshi government to adopt a tougher stance.

As Dhaka becomes more impatient, it is also making life more difficult for the refugees. It has progressively placed greater restrictions on their movement, including by fencing off the camps, and closed some private schools and businesses that were being run inside. There has also been little progress on delivering formal education using the Myanmar curriculum, something that many refugees say they want and Crisis Group has advocated for. These restrictions have raised concerns that the Bangladeshi government is attempting to coerce refugees to return to Myanmar or, at least, relocate to Bhasan Char. While that may not be entirely fair, with repatriation seemingly a long way off, Dhaka should at least ensure that all children in the camps have access to formal education — preferably the Myanmar curriculum — and that families have some livelihood opportunities. Providing some means for self-sufficiency and hope for a better future would have obvious benefits for the refugees. It may also help mitigate the possibility that frustration with their dire conditions will manifest in growing security risks.

What have been the primary impediments to repatriation both before and after the February 2021 coup in Myanmar?

Even prior to Myanmar’s February 2021 coup, progress on official repatriation efforts had been scant. After the two failed attempts in 2018 and 2019, the COVID-19 pandemic derailed further discussions between Bangladesh and Myanmar, which was then governed by Aung San Suu Kyi’s National League for Democracy (NLD). The nascent process had also been plagued by bureaucratic disputes over documentation, with Myanmar agreeing to accept only a small fraction of the refugees that Bangladesh had proposed for repatriation. Moreover, the Myanmar government showed no sign of addressing refugees’ concerns on key points, such as citizenship, security and livelihoods. Naypyitaw failed to provide proper information on even the most basic questions, such as where the refugees — many of whom came from villages that the military razed to the ground after the 2017 exodus — would be sent after arriving at transit camps on the Myanmar side of the border.

To complicate the situation further, in December 2018 the Myanmar military began fighting a new war in Rakhine State against insurgents from the Arakan Army, a pro-Rakhine ethnic armed group. The heavy fighting that raged in the state over 2019 and 2020 meant that repatriation was virtually impossible for security reasons, above and beyond the Rohingyas’ other concerns.

Although Rakhine State has largely been spared the post-coup violence that has engulfed much of Myanmar since February 2021, the military’s power grab has been a further setback to any prospect of repatriation. Despite the junta’s public claims that it is committed to moving ahead with the process — likely a reflection of its desire to cultivate international approval and mitigate its post-coup isolation — Naypyitaw shows little inclination to do more than pay lip service to repatriation efforts. Pressure from Western governments, several Muslim countries and China (which has weighed in at Bangladesh’s request) appears to have had little impact. In January, bilateral talks between Myanmar and Bangladesh finally resumed, but so far there has been little progress. Most refugees are, in any case, wary of returning to Myanmar when it is ruled by the very generals who orchestrated the 2017 violence against them.

As for hostilities between the Arakan Army and the military, fighting largely paused after the two sides reached an informal ceasefire in November 2020, but new power dynamics have emerged in the aftermath that any repatriation effort will need to take into account. The insurgents have consolidated control over much of the state, particularly its rural areas, rolling out an administrative, judicial and security system through which it polices communities, administers justice and collects taxes. This system is like a patchwork: in some areas, the Arakan Army has full control, while in others it shares authority with the military regime or has little direct control. The implications for repatriation are direct, as many Rohingya would be returning to areas now administered by the group or at least under its strong influence.

The Arakan Army’s administrative rollout has also put it on a collision course with the military regime, which means fighting might resume. Clashes between the group and security forces have been reported across the state over the past months, with dozens of soldiers reportedly killed. Maungdaw Township in northern Rakhine State, where many of the refugees originated, appears to be a particular hotspot for conflict: located on the border with Bangladesh, the area is strategic for both the military and the Arakan Army. There have been several clashes in the area in recent months; on 18 July, the insurgents ambushed a convoy of the regime’s Border Guard Police, killing at least four and capturing thirteen. These events do not bode well for Rohingyas’ ability to return to Rakhine State.

How is the situation for the Rohingya who remain in Myanmar?

For the estimated 600,000 Rohingya still in Myanmar, nearly all of whom live in Rakhine State, the situation remains bleak, but there are at least some signs that popular attitudes toward them are shifting.

The Rohingya are still subject to discriminatory state policies — since the coup, the military regime has tightened restrictions on movement in some areas — and the country’s economic collapse over the past eighteen months has further worsened their plight. Around 120,000 live in displacement camps that were set up following an outbreak of communal violence in 2012. They are almost entirely dependent on international aid. The remaining Rohingya are also often caught between the military and the Arakan Army — sometimes having to pay taxes to both sides or wrestle with duplicative administrative requirements. Many would likely be caught in the crossfire if war were to resume. Not surprisingly, some are trying to leave the country through risky and expensive overland journeys, mainly to Malaysia. The regime has arrested hundreds of Rohingya trying to flee the country over the last eighteen months; because the vast majority lack citizenship documents, it is a criminal offence for them to cross a state or region boundary.

At the same time, however, the rise of the Arakan Army has eased some of the ethnic tensions in Rakhine State. The ethnic armed group shifted the narrative in Rakhine, portraying the Burman-led central government, rather than the Muslim minority, as the real enemy of the Rakhine people. The two-year war that paused in 2020, in which Rakhine civilians suffered abuses at the hands of the military, which was backed by the NLD government, reinforced this idea. But the Arakan Army has also changed its tone on the Rohingya significantly. Prior to 2018, it was antagonistic, reflecting the group’s desire to win popular support among local Rakhine Buddhists, who have long resented the Muslim minority. More recently, however, the Arakan Army has made some conciliatory moves: its leader, Twan Mrat Naing, tweeted greetings for the Muslim festival of Eid, and the group issued a condolence letter when a prominent Rohingya academic died in April.

“The insurgents are facilitating greater freedom of movement for the Rohingya in areas they control and providing them with some services”.

These gestures are in addition to more concrete measures the insurgents have taken to bring the Rakhine and Rohingya together and that could, over time, diminish the risk of communal violence. For example, the Arakan Army has organised sporting events involving the two communities, included Rohingya leaders in its administrative structures and asked Rakhine communities in some areas to refer to the Rohingya by the more neutral term “Muslims” rather than “Bengalis” (which the Rohingya consider derogatory, as it implies that they are illegal immigrants from Bangladesh). Perhaps most importantly, the insurgents are facilitating greater freedom of movement for the Rohingya in areas they control and providing them with some services, such as access to judicial mechanisms. Useful further steps would be for the Arakan Army to include Rohingya representatives in higher levels of its administrative system for the areas it controls and address complaints that some of its Rakhine administrators are not treating the community fairly.

Beyond Rakhine State, the coup also appears to have triggered something of a shift in the way at least some within the broader Myanmar population view the Rohingya. The vast majority among the country’s Burman majority population had accepted the military’s claims that its 2017 operations against the Muslim minority were a legitimate response to a terrorist attack, in part because the immensely popular Aung San Suu Kyi had also propagated this narrative. After the coup, though, many experienced or witnessed for the first time the military’s capacity for inflicting extreme violence on civilians, something that had until then been largely confined to ethnic minority regions. The junta’s brutality against Burman communities appears to have prompted some to reassess the events of 2017, concluding that the military did indeed commit atrocities against the Rohingya. Manifestations of this change in sentiment emerged in numerous apologies and public expressions of support for the Rohingya both online and at demonstrations against the coup, something that would have been previously unimaginable.

The National Unity Government (NUG), a parallel administration formed by ousted lawmakers and operating mostly from abroad, has also adopted a policy toward the Rohingya that guarantees their right to citizenship and commits to ending other discriminatory policies against them. Although these promises have not been tested, because the NUG is not in control of the state, they are nevertheless notable given that the NUG is largely an offshoot of Aung San Suu Kyi’s NLD, which did little to dismantle repressive policies against the Rohingya when it was in power.

What can donors and other outside actors do for Rohingya refugees?

With any meaningful repatriation highly unlikely in the foreseeable future, it is essential that donors increase their support for Bangladesh’s response to the refugee crisis. International funding for the refugee response has declined significantly in 2022, in part due to other humanitarian emergencies, such as the war in Ukraine, and there is a growing risk of donor fatigue. The funding gap is compounded by rising food prices, which means that the money that is coming in is not buying as much. Leaving Bangladesh to handle this massive refugee crisis on its own is hardly fair given the country’s own development challenges. It can only make things worse for a refugee population already living in miserable conditions.

But while more funding for the refugees in Bangladesh is necessary, it is also just a temporary fix. Improving the lives of the refugees and mitigating the impact on Bangladesh will require more than humanitarian aid. Thus, even though repatriation seems unlikely while the military is in charge of Myanmar, it remains important to make as much progress as possible, which means that Bangladesh will need to continue engaging the junta on the subject. Such engagement will at least keep the pressure on the military and give refugees some hope of returning home. While some may choose to return of their own accord, either through the formal mechanism or informally, regardless of who is in power, it is crucial that Dhaka stick to its policy of not forcing refugees to return against their will. Bangladesh should ensure that any repatriation is safe and dignified. Similarly, it should continue to work with international donors and humanitarian organisations to improve conditions both in the camps in Cox’s Bazar and on Bhasan Char. Bangladesh’s very active civil society — its universities, think-tanks and NGOs — should do its part to positively influence policy and public opinion toward the Rohingya in Myanmar by engaging counterparts in Myanmar civil society and the NUG.

With prospects for repatriation so dim and integration in Bangladesh infeasible given both public opinion toward the Rohingya and the sheer number of refugees, it seems increasingly clear that third-country resettlement should be part of the conversation about durable solutions for this population. Dhaka has previously resisted this idea, arguing that the possibility of resettlement would encourage more Rohingya to cross the border into Bangladesh and that it would reduce the pressure on Myanmar to take refugees back. These are both risks, but Bangladesh needs to weigh them against the risks created by the situation in Cox’s Bazaar and the lack of other viable plans for drawing down the numbers in the camps. After five years, the time may now be ripe for Bangladesh to review its policy and for foreign governments — particularly in the West, but also in Asia — to make clear they are ready to support Dhaka by accepting some refugees for voluntary resettlement. At the same time, other countries hosting large Rohingya populations, including Malaysia, India and Saudi Arabia, should reverse a worrying trend toward greater restrictions and even threats to send them back to either Myanmar or Bangladesh. In order to help resolve the Rohingya humanitarian crisis, these countries should be normalising their Rohingya populations, not cracking down on them.

While pushing Naypyitaw to create the conditions for repatriation to begin, Dhaka should also consider engaging the Arakan Army. To date, the Bangladeshi government has largely ignored the group’s overtures due to its policy of not engaging entities that undermine the sovereignty and territorial integrity of neighbouring countries. But given the insurgents’ expanding grip on Rakhine State, it will likely need their backing for any repatriation to proceed on a significant scale. This is something the Arakan Army may be willing to entertain, not least because of its desire to open a dialogue and build a relationship with Dhaka. Given the fraying ceasefire between the military and Arakan Army, this step will require some discreet, careful diplomacy, but it is important.

Apart from providing humanitarian aid — both in the Bangladesh camps and in Rakhine State — foreign governments and other outside actors should continue to support efforts to hold the Myanmar military responsible for its abuses against the Rohingya. Prosecutors at the International Criminal Court are investigating the 2017 atrocities and an Argentine court, asserting universal jurisdiction, is similarly investigating claims of genocide. But the most advanced process is at the International Court of Justice in The Hague, where The Gambia has brought a case against Myanmar under the UN Genocide Convention. The first hearings got under way in December 2019, with Aung San Suu Kyi flying to the Netherlands to personally defend her country against allegations it had violated the convention. After the coup, the court allowed the military regime to appoint a new legal team to defend the case — a decision that was not without controversy, given how the regime took power — but has recently rejected the objections to the case put forward by the junta’s legal team. While hearings can now proceed, it is likely to be many years before the court reaches a verdict.

Five years after the massive exodus of 2017, it is clear there is no simple, straightforward solution to one of Asia’s largest refugee crises. Focusing on repatriation alone, or on just funding the aid response, is not sufficient. While finding a way for the Rohingya to return home should remain the goal, it is important that a range of strategies are pursued in parallel in order to bring about the best outcome for this beleaguered population and for the communities hosting them in southern Bangladesh.

Source: International Crisis Group

Iran To Begin Development Of Oilfield Bordering Saudi Arabia

TEHRAN, Aug 22 (NNN-IRNA) – A senior executive of the Iranian Offshore Oil Company said, his country planned to start developing the offshore Esfandiar oilfield in Iran, that is connected to a Saudi oilfield, Iran’s Tasnim news agency reported yesterday.

Alireza Mehdizadeh, the company’s CEO, said Saturday, the first phase of the development project, in the Esfandiar field in Iran, which is connected to Saudi Arabia’s Lulu field, will be implemented in the next three years, according to the report.

“The design, construction and installation of a well platform and the drilling of four production wells have been proposed in the first phase,” he was quoted by the Oil Ministry’s news service, Shana, as saying.

Mehdizadeh added, the production fluids from Esfandiar will be processed at the nearby offshore platform of Abouzar, before being transferred to Khark Island, a key Iranian oil export terminal.

Esfandiar, located 95 km south-west of the Iranian island of Khark, is estimated to have more than 500 million barrels of in-situ reserves, according to Tasnim.

Iran has a number of shared oil and gas fields in the Gulf with Qatar, Saudi Arabia and Kuwait, but has lagged behind in its proper development due to the U.S. sanctions.

Source: NAM NEWS NETWORK

Minister of Human Resources and Social Development Holds Bilateral Meeting with Bahrain’s Minister of Social Development

Riyadh, Aug. 21, 2022, SPA — Minister of Human Resources and Social Development Eng. Ahmed bin Suleiman Al-Rajhi held a bilateral meeting in capital Riyadh this evening with the Minister of Social Development of the Kingdom of Bahrain Osama bin Ahmed Al-Osfoor.

The meeting discussed a host of development issues of mutual concern in addition to ways of enhancing cooperation and benefiting from the successful experiments and practices in achieving the social development targets for the two ministries as well as cooperation in best application of advanced international practices in this field.

On the Saudi side, the meeting was attended by Deputy Minister for Social Development Sector Majed bin Abdulraheem Al-Ghanmi, Undersecretary of the Ministryfor International Affairs Adnan bin Abdullah Al-Naeem in addition to undersecretaries of social development sector.

On the Bahraini side, the meeting was attended by a number of the Bahraini ministry leaders.

The meeting is a continuation of reflecting the keenness of the prudent leaderships to unify efforts and activate cooperation among the two sisterly countries in all fields aiming to achieve the targets of Saudi Arabia’s vision 2030 and Bahrain’s economic vision 2030.

Source: Saudi Press Agency

Minister of Energy: OPEC+ has the means to deal with market challenges including cutting production at any time and in different forms

Riyadh– HRH Prince Abdulaziz bin Salman, Minister of Energy, says volatility and thin liquidity send erroneous signals to markets at times when clarity is most needed.

In an interview with Bloomberg, HRH Prince Abdulaziz pointed out that OPEC+ has the commitment, the flexibility, and the means within the existing mechanisms of the Declaration of Cooperation to deal with such challenges including cutting production at any time and in different forms as has been clearly and repeatedly demonstrated in 2020 and 2021.

How would you describe the current state of the market?

The paper oil market has fallen into a self-perpetuating vicious circle of very thin liquidity and extreme volatility undermining the market’s essential function of efficient price discovery and have made the cost of hedging and managing risks for physical users prohibitive. This has a negative impact on the smooth and efficient operation of oil markets, energy commodities and other commodities creating new types of risks and insecurities. This vicious circle is amplified by the flow of unsubstantiated stories about demand destruction, recurring news about the return of large volumes of supply, and ambiguity and uncertainty about the potential impacts of price caps, embargoes, and sanctions.

How is the current volatility impacting the functioning of markets?

This is detrimental because without sufficient liquidity, markets can’t reflect the realities of the physical fundamentals in a meaningful way and can give a false sense of security at times when spare capacity is severely limited and the risk of severe disruptions remains high. Nowadays one need not look far for evidence of this. The paper and physical markets have become increasingly more disconnected. In a way the market is in a state of schizophrenia, and this is creating a type of a yo-yo market and sending erroneous signals at times when greater visibility and clarity and well-functioning markets are needed more than ever to allow market participants to efficiently hedge and manage the huge risks and uncertainties they face.

How can OPEC+ deal with these challenges?

In OPEC+ we have experienced a much more challenging environment in the past and we have emerged stronger and more cohesive than ever. OPEC+ has the commitment, the flexibility, and the means within the existing mechanisms of the Declaration of Cooperation to deal with such challenges and provide guidance including cutting production at any time and in different forms as has been clearly and repeatedly demonstrated in 2020 and 2021. Soon we will start working on a new agreement beyond 2022 which will build on our previous experiences, achievements, and successes. We are determined to make the new agreement more effective than before. Witnessing this recent harmful volatility disturb the basic functions of the market and undermine the stability of oil markets will only strengthen our resolve.

Source: Saudi Press Agency

Dr. Al Rabeeah Meets with German Ambassador to Saudi Arabia

Riyadh, August 22, 2022, SPA– Advisor at the Royal Court and General Supervisor of King Salman Humanitarian Aid and Relief Center (KSrelief) Dr. Abdullah bin Abdulaziz Al Rabeeah met here today with German Ambassador to the Kingdom of Saudi Arabia Dieter Lamle.

During the meeting, the two sides discussed the frameworks of joint cooperation related to the humanitarian and relief affairs in the needy countries.

The German Ambassador praised the prestigious international status of the KSrelief in the field of humanitarian work.

Source: Saudi Press Agency

COVID-19 situation updates for week 32 (7-13 August 2022)

The coronavirus disease COVID-19 continues to spread at the regional and global levels. As of 13 August 2022, the global cumulative incidence reached 587 175 687 reported cases and 6 442 967 associated deaths at a case-fatality ratio (CFR) of 1.1%. Meanwhile, the 22 countries of the Eastern Mediterranean Region (EMR) have reported a total of 22 851 172 cases, representing about 3.89% of the global count, with 346 335 associated deaths (CFR 1.52%).

Most countries in the Region are in the community transmission phase.

Since the beginning of the outbreak, the country that has reported the highest number of total cases in the Region is Islamic Republic of Iran (7 468 894; 32.68% of the Region’s total), followed by Iraq (2 454 213; 10.74%) and Jordan (1 726 717; 7.56%). Islamic Republic of Iran also reported the highest number of total COVID-19 associated deaths (142 861; CFR 1.91%) followed by Pakistan (30 527; CFR 1.95%) and Tunisia (29 189; CFR 2.56%). The highest CFRs were reported by Yemen (18.08%) followed by Sudan (7.85%) and Syria (5.57%), while the lowest CFRs were reported by United Arab Emirates (0.23%), Bahrain (0.23) and Qatar (0.16%) respectively.

During epidemiological week 32, the Region reported a decrease in cases by 32% when compared to the previous week (81 059 cases compared to 118 846 cases). A decrease by 2% was also observed for associated deaths (610 deaths in the current week compared to 622 deaths in the previous week).

The weekly number of cases have decreased in most countries. However, the cases have increased in 3 countries in the Region compared to the previous week. This week the number of COVID-19 associated deaths increased in 5 out of 22 countries of the Region as compared to the previous week.*

In terms of testing, a total of 418 551 089 laboratory tests were conducted since the start of the outbreak across the Region including 1 999 080 tests in week 32, which shows a 9% decrease as compared to the previous week when 2 201 909 tests were conducted. The highest number of PCR tests were reported from United Arab Emirates (180 160 549), followed by Islamic Republic of Iran (53 492 475) and Saudi Arabia (44 001 333). The average positivity rate for the Region is 5.46%. WHO recommends a positivity rate of around 3% to 12% as a general benchmark indicating adequate testing, which was achieved in most countries of the Region.

Meanwhile, COVID-19 vaccination continues across the Region. The total number of doses administered so far in the 22 countries is 813 055 563. Pakistan has administered the highest number of doses at 304 405 045 followed by Islamic Republic of Iran at 153 211 861 and Egypt at 96 535 551. On the other hand, Bahrain (3 463 921), Yemen (880 609) and Djibouti (239 315) administrated the lowest number of COVID-19 doses in the Region respectively.**

Supporting countries in the Region

The regional incident management support team continues to coordinate the response and provide technical support to countries and partners in the Region in the areas of coordination and partnership, surveillance, laboratory capacity, clinical management, infection prevention and control, risk communication and community engagement, points of entry according to the International Health Regulations (2005), research, health systems, and essential health services among others.

Source: World Health Organization