Author: oaadmin

Posted on

SAMA Opens Public Consultation on Implementing Regulation of Payments and Payment Services Law

Riyadh– The Saudi Central Bank (SAMA) announced opening a public consultation on the draft implementing regulation of payments and payment services law. In the interest of transparency and wider participation, SAMA invites stakeholders and public to provide suggestions and observations on the draft by visiting the Public Consultation Platform affiliated to the National Competitiveness Center.

This regulatory function is part of SAMA’s oversight role in accordance with the authority vested in SAMA, as mentioned in the Articles 7 and 18 of the payments and payment services law.

The Implementing regulation aims at reinforcing commitment to relevant international principles and standards, enabling SAMA to exercise its powers. In addition, the regulation would help contribute to the growth of the sector, attract new investors for achieving one of Saudi Vision 2030 objectives of the Financial Sector Development program (FSDP).

Finally, contributors are expected to provide their input on the draft within (20) days from this publication to enable SAMA to assess its relevance in finalizing the text. The draft is available on the Public Consultation Platform (https://istitlaa.ncc.gov.sa/en/Finance/SAMA/Payments/Pages/default.aspx).

Source: Saudi Press Agency

Posted on

KSrelief’s Clinics Continue Providing Medical Services in Zaatari Camp, Jordan

Amman– The Medical Clinics of King Salman Humanitarian Aid and Relief Center (KSrelief) have continued providing their medical services for 582 patients, with various health conditions, in Zaatari camp for the Syrian refugees, Jordan.

The laboratory department also received 72 people while 422 patients were provided with medications.

Source: Saudi Press Agency

Posted on

KSrelief Distributes Over 103 Tons of Food Baskets in Socotra, Yemen

Socotra, Yemen– King Salman Humanitarian Aid and Relief Center (KSrelief) distributed yesterday 103 tons and 500 kilograms of food baskets in Socotra Governorate, Yemen, benefiting 5,748 individuals as part of the food security project.

This comes within the Food Security Support Project 2021-2022, which is implemented by the KSrelief in Yemen, and aims to distribute more than 192,000 food baskets weighing more than 20,000 tons to the needy and affected families in 15 Yemeni governorates.

Source: Saudi Press Agency

Posted on

KSrelief Medical Clinics in Wallan Camp Continue Providing Services to Beneficiaries

Hajjah– The mobile medical clinics of King Salman Humanitarian Aid and Relief Center (KSrelief) in the Waalan camp, in Hajjah Governorate, Yemen, provided treatment services to the beneficiaries during the period from 23 to 29 March 2022.

The clinic received 94 individuals with various health conditions and provided them with the necessary health services.

Source: Saudi Press Agency

Posted on

GCC Secretary General Welcomes Yemeni President’s Decision to Transfer Powers to Presidential Leadership Council

Riyadh– Secretary General of the Gulf Cooperation Council (GCC) for Arab States Dr. Nayef Falah Mubarak Al-Hajraf has welcomed the announcement of Yemeni President Abd-Rabbo Mansour Hadi, according to the Yemeni constitution and the Gulf initiative and its executive mechanisms, to establish the Presidential Leadership Council to proceed with the duties of the transitional period, and delegating the council with all powers of the president of the republic according to the constitution and the Gulf initiative and its executive mechanisms.

Dr. Al-Hajraf affirmed the GCC’s support to the Presidential Leadership Council to enable it practice duties in everything that would achieve security and stability in the Republic of Yemen and end the Yemeni crisis so that the Yemeni people would enjoy prosperity, development and peace, wishing the Presidential Leadership Council, led by Rashad Mohammed Al-Alimi and its members, all success in carrying out its national responsibilities, especially at this historical stage, to serve Yemen and its people.

Source: Saudi Press Agency

Posted on

Bahrain Welcomes Yemeni President’s Decision to Announce Establishment of Presidential Leadership Council

Manama– The Kingdom of Bahrain has welcomed the announcement of Yemeni President Abd-Rabbo Mansour Hadi, to establish the Presidential Leadership Council to proceed with the duties of the transitional period, and delegating the council with all powers of the president of the republic according to the constitution and the Gulf initiative and its executive mechanisms.

The Bahraini Ministry of Foreign Affairs affirmed Bahrain’s full support for the Yemeni Presidential Leadership Council to continue the efforts and duties entrusted to the Council to manage state affairs, proceed with the duties of the transitional period, achieve the aspirations of the Yemeni people for security, stability and development, and end the Yemeni crisis through a comprehensive political solution between the Yemeni parties to achieve peace, development and prosperity for Yemen and its people.

Source: Saudi Press Agency

Posted on

Jordan Welcomes Yemen’s New Presidential Leadership Council

Amman, April 7, 2022 — The Government of Jordan on Thursday welcomed the announcement of Yemeni President Abd-Rabbo Mansour Hadi to establish a Presidential Leadership Council – according to the Yemeni constitution and the Gulf initiative and its executive mechanisms – and delegating the council with all powers of the president of the republic to proceed with the duties of the transitional period.

In a statement, Jordanian Ministry of Foreign Affairs and Expatriates’ spokesperson Ambassador Haitham Abu Ful said that Jordan supports efforts to reach a political solution for the Yemeni crisis, based on the approved references, namely the GCC initiative and its executive mechanisms, the Yemeni Comprehensive National Dialogue Conference, and the UN Security Council resolution No. 2216 to bring peace, safety and security in Yemen and end the suffering of its people.

The Hashemite Kingdom of Jordan commended economic support offered by the Kingdom of Saudi Arabia and the United Arab Emirates to Yemen to support the Yemeni economy, alleviate the suffering of the Yemeni people and to finance the Humanitarian Response Plan (HRP) announced by the United Nations.

Source: Saudi Press Agency

Posted on

Egypt welcomes establishment of Presidential leadership Council in Yemen

Cairo– Egypt has welcomed the establishment of the presidential leadership council in Yemen to complete the implementation of the tasks of the transitional period, and delegate it to the full powers of the President of the Republic in accordance with the constitution, the Gulf initiative and its executive mechanisms.

In a statement today, the Ministry of Foreign Affairs said that Egypt sees this step as an important development, as we hope it will lead to crossing brotherly Yemen to safety and stability by reaching a Yemeni-Yemeni consensus to cross the transitional phase and end the conflict.

Source: Saudi Press Agency

Posted on

Russia welcomes establishment of Presidential Leadership Council in Yemen

Moscow– Russia today welcomed the establishment of the Presidential Leadership Council in Yemen, expressing its hope that the new council will do everything in its power to bring peace to this country, which has historical relations with Moscow.

A statement by the Russian Foreign Ministry, published on the ministry’s website, said: “Moscow welcomes the establishment of a new comprehensive authority in Yemen, comprising representatives of the various social and political forces in the country. We hope that members of the Presidential Leadership Council will do everything in their power to stabilize the situation in Yemen and restore this historically friendly country to a peaceful life”.

The Russian Foreign Ministry indicated that this important event for the Yemeni people came as a result of the political and diplomatic efforts of the Kingdom of Saudi Arabia and the Gulf Cooperation Council (GCC) for Arab States aiming at resolving the military and political crisis in the Republic of Yemen.

Source: Saudi Press Agency

Posted on

Arab Parliament welcomes establishment of Presidential Leadership Council in Yemen

Cairo–The Arab Parliament has welcomed the issuance by Yemeni President Abd Rabbuh Mansour Hadi of the establishment of the Presidential Leadership Council to complete the implementation of the tasks of the transitional phase, and to delegate it to the full powers of the President of the Republic, in accordance with the constitution and the Gulf initiative and its executive mechanism.

In a statement today, the Arab Parliament affirmed its full support for the Presidential Leadership Council, expressing its aspiration that the next phase will be a new beginning for Yemen for achieving security and stability and a comprehensive political solution to the Yemeni crisis.

It called for building on the existing Yemeni consultations with the aim of reaching a final solution to the crisis under the supervision of the United Nations in a way that ends the suffering of the Yemeni people and achieves their aspirations for security, development and stability.

Source: Saudi Press Agency

Posted on

Arab League Secretary General welcomes establishment of Presidential Leadership Council in Yemen

Cairo– The Secretary General of the Arab League Ahmed Aboul Gheit has welcomed the issuance of Yemeni President Abd Rabbuh Mansour Hadi’s decision to form the Presidential Leadership Council, and transfer all his powers to it, in accordance with the constitution, the Gulf initiative and its executive mechanism.

In a statement today, Aboul Gheit affirmed his support for the new leadership council, as an embodiment of Yemeni legitimacy, expressing his hope that this council will lead the country towards achieving peace.

The Secretary General called on the various Yemeni parties to maintain the current truce, in preparation for entering into serious negotiations to end the suffering of the Yemeni people, restore stability and security in the country, and ensure that Yemen does not pose a threat to any of its neighbors.

Source: Saudi Press Agency

Posted on

Permanent Committee for Ifta: Islam forbids infringement on intellectual property rights and does not allow seizing them

Riyadh– The Permanent Committee for Ifta said that Islam forbids infringement on intellectual property rights and requires a person to respect the rights of others, warning against seizing these rights or benefiting from them without the permission of their owners.

In a statement on intellectual rights, it pointed out that ideas have value according to the regulations issued in this regard, and therefore infringement on them is not permissible, and that the material and financial effects resulting from intellectual rights are the right of their owners and shall not be infringed on or taken without the permission of their owners with a contract or permit.

It warned against taking possession of the intellectual rights of others, benefiting from them, or taking compensation for them except with the permission of their owners, recommending everyone to fear Allah Almighty and beware of infringing on the rights of others.

For his part, the Grand Mufti of the Kingdom, Chairman of the Council of Senior Scholars, General President of Scholarly Research and Ifta, Sheikh Abdulaziz bin Abdullah Al Al-Sheikh, praised the contents of the statement of the Permanent Committee for Ifta, noting that it seeks to achieve a noble goal of raising awareness of intellectual property rights, protecting the Kingdom from violating such rights and promoting respecting them, which is the meaning that is consistent with the correct religion, which stressed the sanctity of money.

Source: Saudi Press Agency