Export Bahrain, Saudi EXIM sign agreement

Manama, Export Bahrain unveiled its latest partnership agreement with Saudi EXIM in an initiative to enhance bilateral ties in the export sphere whilst further exploring growth opportunities for both parties.

The cooperation entails various initiatives that will enhance their export market growth capacity.

The agreement involves the development of knowledge-sharing capabilities through the vast resources available to both Export Bahrain and Saudi EXIM by exchanging market research information and other related trade regulations in both respective countries.

Export Bahrain looks forward to amplifying efforts to engage with businesses and continue to provide an ideal environment for export ventures through its human capital expertise.

The collaboration addresses a key component within the shared vision between the Kingdom of Bahrain and KSA to enhance non-oil exports taking full advantage of its robust resources.

The partnership is set to involve co-financing through partner financial institutes, club deals, and syndication projects to be undertaken by enterprises in Bahrain and Saudi Arabia which will aid the scope of export market reach, effectiveness and export project fulfillment.

Saudi EXIM will provide financing for imports of raw materials purchased by Saudi importers from Bahrain for the purpose of exports and similarly provide buyer’s credit financing to Bahrain-based buyers for the purchases of Saudi goods.

This initiative enables businesses to embark on opportunities in the export market with greater confidence and with concrete research to support their ventures.

Both parties will endeavor to synergistically support the development of new business ties and the exploration of opportunities between entities within both countries to boost export capabilities.

The joint effort in this regard will allow existing exporters from both countries to have greater support and reach in the region whilst capitalizing on new market opportunities through both export domains utilizing various gateways enabling export project research and execution.

“Export Bahrain is proud to announce its latest partnership with Saudi EXIM; As global demand trends are on the rise, effective partnerships are key to ensuring sustainable growth is met in a calculated manner that enhances the export sector,” Export Bahrain Chief Executive Officer Safa Sharif Khaliq said.

“We have embarked upon numerous progressive initiatives both regionally and globally that continue to present the creativity and prosperity the region is capable of delivering and consider this alliance to be a milestone in the export domain as a partnership of this kind enables us to have a stronger export infrastructure that promotes collaborative thinking that enables greater goals to be attained and heights of creative initiatives to come through as a result of our pooled efforts.”

“We are keen on delivering valuable insights within the export market alongside Export Bahrain to unveil opportunities available to both Saudi and Bahraini investors. Our joint efforts will provide existing and future exporters with solid market assessments accompanied by our range of export support initiatives that promote the anticipated exponential growth of the export sector through a well-rounded bilateral mechanism,” Saudi EXIM Bank Chief Executive Officer Saad Alkhalb said.

Source: Bahrain News Agency

40 Saudi, German Companies Discuss Investment Opportunities at Federation of Saudi Chambers

Riyadh, The Federation of Saudi Chambers (FSC), at its headquarters today, organized the Saudi-German Business Forum with the participation of 40 Saudi and German companies from various economic sectors, as part of a visit by a German industrial delegation to the Kingdom of Saudi Arabia.

The German delegation comprises companies working in the fields of water, training, education, infrastructure, industries, constructions, innovation, vehicles, medical technologies, energy, technology, and artificial intelligence.

Dr. Abdurahman Al-Zamel, head of the Saudi side, discussed what the Kingdom of Saudi Arabia is witnessing in terms of big developments in the economic and stimulus investment environment, as well as reviewing investment opportunities available for German companies in all sectors, particularly at the industrial level, which is experiencing a qualitative leap in light of the Kingdom Vision 2030.

For his part, Volker Lenweber, Managing Director of Foreign Trade for the Bavarian Industry Association, praised the economic progress of the Kingdom of Saudi Arabia and expressed the delegates’ interest in enhancing business relations with the country, particularly in the industrial sector and looking into potential investment opportunities. He noted that Germany’s cutting-edge products and expertise can significantly contribute to the success of industrial projects in the country.

Germany is one of the Kingdom of Saudi Arabia’s most important trading partners, where relations between the two countries are based on a solid institutional base represented by the Saudi-German Joint Committee and the Saudi-German Business Council, in addition to a number of memorandums and various cooperation agreements. The commercial exchange volume between the Kingdom of Saudi Arabia and Germany in 2020 reached some SAR28.5 billion, where Germany ranks 62nd in the Kingdom’s exporting countries and 4th in importing countries.

Source: Saudi Press Agency

MIKATI TO SKY NEWS ARABIA PLEDGES TO MANAGE COUNTRY’S AFFAIRS WITHOUT PROVOCATION

In an interview with the “Sky News Arabia”, Caretaker Prime Minister, Najib Mikati, stressed that “the powers of the President of the Republic do not apply, according to the constitution, to the Prime Minister, but to the Council of Ministers,” pledging to work to manage the country’s affairs without provocation.

The PM further stressed that Lebanon’s priority remained to elect a new president and form a new government.

As for the possibility of summoning the Council of Ministers to convene, Mikati said: “If there is no basic and urgent national need, I will not call for a cabinet session, but we will continue to conduct routine caretaker activities.”

In response to another question about the possibility of having some ministers boycott his call for a cabinet meeting, Mikati said: “If quorum is secured, the session will held and decisions will be taken by a two-thirds majority. I hope that everyone will cooperate to help surpass this difficult stage.”

Whether the caretaker government is authorized to complete the signature of the agreement with the International Monetary Fund, Mikati replied: “We have signed a preliminary agreement with the International Monetary Fund, as for the final signature, (…) the constitution notes that if the government resigns and functions in a caretaker mode, the work of the House of Parliament remains in place to keep pace with its work.”

Source: National News Agency

KSrelief’s Supervisor General Meets with Yemeni Minister of Public Health and Population

Riyadh, Advisor at the Royal Court and Supervisor General of King Salman Humanitarian Aid and Relief Center (KSrelief) Dr. Abdullah bin Abdulaziz Al Rabeeah today in Riyadh met with Yemeni Minister of Public Health and Population Dr. Qasim Mohammed Bahibh.

Discussions during the meeting went over issues related to humanitarian and relief affairs, mainly those related to the health sector of Yemen.

Dr. Bahibh expressed thanks and appreciation to the Kingdom of Saudi Arabia, represented by KSrelief, for its great support to the health sector in Yemen to alleviate the suffering of the Yemeni people, stressing that Saudi Arabia, under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness the Crown Prince is the top supporting countries for Yemen.

KSrelief has implemented more than 356 health projects in Yemen, with a value of more than USD 837,548,000.

Source: Saudi Press Agency

King of Jordan Receives Minister of National Guard

Aqaba, King Abdullah II bin Al-Hussein of the Hashemite Kingdom of Jordan received here today Prince Abdullah bin Bandar bin Abdulaziz, Minister of the National Guard.

At the outset of the meeting, Prince Abdullah bin Bandar conveyed the greetings of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, to the King, the government and the brotherly people of Jordan. In turn, the King of Jordan sent his greetings and appreciation to the Custodian of the Two Holy Mosques and HRH the Crown Prince, as well as the government and people of the Kingdom of Saudi Arabia.

During the meeting, they discussed the solid historical relations that bind the two brotherly countries and peoples, as well as ways to strengthen them in all areas.

In addition to expressing his gratitude for the gracious welcome and hospitality, Prince Abdullah bin Bandar also expressed his admiration for what he had witnessed at the “SOFEX 2022” Exhibition in Aqaba, which was focused on the defense sector and special operations equipment.

Source: Saudi Press Agency

Israelis Vote Again, as Political Crisis Grinds On

For the fifth time since 2019, Israelis were voting in national elections on Tuesday, hoping to break the political deadlock that has paralyzed the country for the past three and a half years.

Although the cost of living is surging, Israeli-Palestinian tensions are boiling over and Iran remains a central threat, the foremost issue in the vote once again is former leader Benjamin Netanyahu and his fitness to serve amid corruption charges. His main rival is the man who helped oust him last year, the centrist caretaker Prime Minister Yair Lapid.

Polls have predicted a similar result: stalemate. But a powerful new player is threatening to shake things up. Itamar Ben-Gvir, a leading far-right politician, has surged in opinion polls recently and will be seeking a harder line against the Palestinians if he helps propel Netanyahu to victory.

With former allies and proteges refusing to sit under him while he is on trial, Netanyahu has been unable to form a viable majority government in the 120-seat Knesset, or parliament. His opponents, an ideologically diverse constellation of parties, are equally hamstrung in cobbling together the 61 seats needed to rule.

That impasse has mired Israel in an unprecedented political crisis that has eroded Israelis’ faith in their democracy, its institutions and their political leaders.

“People are tired of instability, of the fact that the government is not delivering the goods,” said Yohanan Plesner, a former legislator who now heads the Israel Democracy Institute, a Jerusalem think tank.

Buoyed by his followers’ almost cult-like adoration, Netanyahu, 73, has rejected calls to step down by his opponents, who say someone on trial for fraud, breach of trust and accepting bribes cannot govern. Netanyahu denies wrongdoing, but embarrassing details from his ongoing trial repeatedly make front page news.

In Israel’s fragmented politics, no single party has ever won a parliamentary majority, and coalition-building is necessary to govern. Netanyahu’s most likely path to the premiership requires an alliance with extremist ultra-nationalists and religious ultra-Orthodox parties.

These parties would demand key portfolios in a Netanyahu government, and some have promised to enact reforms that could make Netanyahu’s legal woes disappear.

The ultranationalist Religious Zionism party, whose provocative top candidate Ben-Gvir wants to deport Arab legislators and is a disciple of a racist rabbi who was assassinated in 1990, has promised to support legislation that would alter the legal code, weaken the judiciary and could help Netanyahu evade a conviction. Ben-Gvir, promising a tougher line against Palestinian attackers, this week announced he would seek the Cabinet post overseeing the police force.

Critics have sounded the alarm over what they see is a destructive threat to Israel’s democracy.

“If Netanyahu is triumphant,” wrote columnist Sima Kadmon in the Yediot Ahronot daily, “these will be the final days of the state of Israel as we have known it for 75 years.”

Netanyahu’s Likud party has tried to tamp down worries, saying any changes to the legal code won’t apply to Netanyahu’s case and that the extremist elements of his potential coalition will be reined in.

Netanyahu, currently opposition leader, paints himself as the consummate statesman and only leader capable of steering the country through its myriad challenges.

Polls say the race is too close to predict.

Netanyahu was ousted last year after 12 years in power by the diverse coalition forged by Lapid, Netanyahu’s main challenger.

The coalition, made up of nationalists who oppose Palestinian statehood, dovish parties that seek a peace agreement, as well as for the first time in the country’s history, a small Arab Islamist party, united over their distaste for Netanyahu but collapsed this spring because of infighting.

The centrist Lapid, a former author and broadcaster who became premier as part of a power-sharing agreement, has portrayed himself as an honest and scandal-free change from the polarizing Netanyahu.

In his short term as caretaker leader, Lapid welcomed President Joe Biden on a successful visit to Israel, led the country in a brief military operation against Gaza militants and signed a diplomatic agreement with Lebanon setting a maritime boundary between the enemy nations.

Still, Lapid’s chances to return to leadership are shaky. He is relying on voters from Israel’s Palestinian minority, who make up one fifth of the population. Their turnout is predicted to reach historic lows, but if they unexpectedly do come out to vote, that could slash the Netanyahu camp’s numbers.

After the votes are tallied, the parties have nearly three months to form a government. If they can’t, Israel heads to its sixth election.

Source: Voice of America

Netanyahu Poised for Comeback in Israeli Election, Exit Polls Show

Former Israeli Prime Minister Benjamin Netanyahu appeared well-placed to return to power after exit polls following Tuesday’s election showed his right-wing bloc heading for a narrow majority lifted by a strong showing from his far-right allies.

Israel’s longest-serving premier, on trial over corruption charges that he denies, was poised to take 61-62 seats in the 120-seat Knesset, according to Israeli television exit polls.

The early exit polls may differ from the final result of the election, which is not expected until later in the week. But the results pointed to a strong showing by the right, which had been seen falling just short of a majority.

“Of course I’m happy. I only hope it keeps rising,” said Likud lawmaker Dudi Amsalem. “We will strengthen Jewish identity, and we will strengthen law and order.”

Israel’s fifth election in less than four years exasperated many voters but turnout was nonetheless reported at the highest levels since 1999.

The campaign was shaken up by far-right firebrand Itamar Ben-Gvir and his ultra-nationalist Religious Zionism list, now poised to be the third-largest party in parliament after surging in from the political margins.

Security on the streets and soaring prices topped the list of voter concerns in a campaign triggered by defections from centrist Prime Minister Yair Lapid’s unlikely ruling coalition of right-wing, liberal and Arab parties.

But policy issues have been overshadowed by the outsized personality of Netanyahu, whose legal battles have fed the stalemate blocking Israel’s political system since he was indicted on bribery, fraud and breach of trust charges in 2019.

Netanyahu, 73, has been counting on support from Ben-Gvir and fellow far-right leader Bezalel Smotrich, who have moderated some extreme positions but still call for anyone deemed disloyal to Israel to be expelled from the country.

The prospect of a government including Ben-Gvir, a former member of Kach, a group on Israeli and U.S. terrorist watchlists, and who was once convicted for racist incitement, risks alarming allies including Washington.

The campaign, which opened weeks after a brief conflict with the militant Islamic Jihad group in Gaza in August, has also unrolled against a backdrop of increasing violence in the occupied West Bank, with near-daily raids and clashes.

Lapid, whose camp was poised to take 54-55 seats, according to the polls, had campaigned on his stewardship of Israel’s strong economy as well as diplomatic advances with countries including Lebanon and Turkey but it was not enough to stop the right.

Source: Voice of America

Northern Governor receives author

Manama, Northern Governor Ali Abdulhussein Al Asfoor received writer Abdulkarim Ismael who presented a copy of new book “Al Khalifa Al Saud – Exchanged Visits 1870-1990”.

He commended the author’s efforts in writing the book which documents long-standing historic relations binding the Kingdom of Bahrain and the Kingdom of Saudi Arabia.

The Northern Governor stressed the importance of the book which represents a valuable source for writers and researchers, further enriching public and university libraries in the Kingdom of Bahrain. The author expressed thanks and gratitude to the Northern Governor, highlighting his efforts to compile photos and facts for the content of the book.

Source: Bahrain News Agency

MP MRAD RECEIVES SAUDI AMBASSADOR

MP Hassan Mrad met with Saudi Ambassador to Lebanon, Waleed Bukhari, whom he received at Dar al-Hanan Center in Bekaa.

“We believe in the role of the Kingdom of Saudi Arabia and its keenness on the inter-Arab unity,” said the lawmaker, hailing the steps undertaken by Crown Prince Mohammed bin Salman.

He also thanked Saudi Arabia for hosting a great deal of the Lebanese nationals.

Moreover, he stressed the necessity of committing to the implementation of the Taif Agreement.

Source: National News Agency

Nasser bin Hamad: Taghrid’s victory in Saudi Olympic and Paralympic Camel Cup reflects development of Bahrain camel sport

Manama, Representative of His Majesty the King for Humanitarian Work and Youth Affairs, His Highness Shaikh Nasser bin Hamad Al Khalifa, expressed happiness over the victory of “Taghrid” camel, which is owned by him, in the Saudi Olympic and Paralympic Camel Cup.

HH Shaikh Nasser bin Hamad Al Khalifa praised the achievement, asserting the advanced level of Bahrain camel sport in foreign competitions. He pointed out the high competitiveness characterizing the championships held in the Kingdom of Saudi Arabia, lauding “Taghrid”’s clinching the first place after clocking 4 minutes and 20 seconds.

Source: Bahrain News Agency

Secretary-General Affirms OIC’s Stand with Qatar on Incitements against Hosting the World Cup

The Secretary-General of the Organization of Islamic Cooperation (OIC) Mr Hissein Brahim Taha, reiterated the OIC’s support for the State of Qatar in confronting campaigns against its hosting of the 2022 world cup tournament, being the first OIC Member State in the Muslim world to host such an important event. The tournament bears human and universal significance and seeks to spread the spirit of solidarity and interconnection among countries of the world.

He emphasized that this new attack that emerged as Qatar prepares to host the tournament is not only deplorable but also the first time a host country of this tournament is facing this amount of accusations and criticism. It therefore raises questions about the motive for the selectivity and hostility driving this push back and ambush.

The Secretary-General renewed the position of the OIC, which had commended the readiness of the State of Qatar to organize the world tournament in the declaration of the 5th session of the Islamic Conference of Youth and Sports Ministers held in Jeddah, Kingdom of Saudi Arabia. He noted with greater pride and honor the legacy recorded by this occasion for the Arab and Muslim youth. He underscored once again that the imminent hosting supports many youth initiatives through the Generation Amazing (GA) platform launched in 2010, the youth training and development programs through the Josoor Institute and the volunteering programs that have absorbed more than 20,000 volunteers. All of this, the Secretary-General noted, enhance joint Islamic action efforts in the domain of youth and sports and guide the youth to work towards achieving noble objectives that will benefit entire humanity, and deserve gratitude, not rejection.

Source: Organisation of Islamic Cooperation

President of the Republic: There is no decision to hold early elections in Iraq, and the political crisis is over

Baghdad The President of the Republic, Abdul Latif Rashid, confirmed that: “There is no decision to hold early parliamentary elections in Iraq, and the political crisis is over.”

He said in a televised statement: “We support a Palestinian state with Al-Quds as its capital, and we will focus on that at the Algeria Summit, just as we reject violations in the Palestinian territories.”

The President of the Republic continued: “We continue our mediation between Saudi Arabia and Iran, and the meetings are continuing, but the results are in their hands.”

Source: National Iraqi News Agency