KSA's recent economic reforms creating environment conducive to growth

Riyadh Gov. Prince Faisal bin Bandar, center, presents a memento to Saad Al-Moajill, right, at the opening of the Riyadh Economic Forum held in Riyadh on Monday. RCCI President Ahmed Al-Rajihi is on the left. (AN Photo by Iqbal Hossain)
Updated 25 April 2018
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KSA's recent economic reforms creating environment conducive to growth

RIYADH: Riyadh Gov. Prince Faisal bin Bandar said here that the progressive policies of King Salman have paved the way for Saudi Arabia to be ranked among the top economies of the world.

On behalf of King Salman, the governor was addressing more than 300 delegates at the Riyadh Economic Forum, which was inaugurated the King Faisal Hall in the capital on Monday.

The event sponsored by the Riyadh Chamber of Commerce and Industry (RCCI), which was held under the patronage of King Salman, is being held for the eighth year in succession.

Prince Faisal said the recent economic reforms introduced in the Kingdom under the wise leadership of King Salman and supported by Crown Prince Mohammed bin Salman, deputy premier and minister of defense, have created a conducive climate for the growth of the Kingdom’s economy.
The theme of the conference was “Plan today for tomorrow’s economy.” The forum is being held during the transformation period in the economic history of the Kingdom.

The three-day forum is expected to address issues such as: Increasing the value by harnessing and stimulating investment in the mineral resources sector; the legislative system related to economic development; measuring and raising the productivity of human resources in the Saudi economy; diagnosing and addressing the current challenges of the private sector to participate in infrastructure investment; and operation and the role of the private
sector in achieving the objectives of the Saudi Vision 2030.
Thanking the king and the crown prince, the governor said the leadership has been a great support and a source of inspiration to the success of the Riyadh Economic Forum since the time of its inception. The support, he said, also reflects the government’s trust in the vital role played by the private sector in the economic development of the country and activating its role in facilitating the economic reforms and development goals embodied in Vision 2030.

The governor pointed out that the forum will provide a venue for participants to explore ways and means to overcome the challenges in the march toward economic development. He also pointed out that the Kingdom is undergoing a period of effective economic reforms by diversifying its economy, which will eventually achieve its goals by developing its natural and human resources.

RCCI President Ahmed Al-Rajihi said that the idea of the forum is to coordinate the public and private sector to develop the economy of the country through diversified fields.

Saad Al-Moajill, who was the architect of the Riyadh Economic Forum was honored by the governor.

During the first session of the forum, a study on the mineral resources and investments was chaired by Dr. Abdullah Al- Dabbagh, adviser to the Ministry of Energy, Industry and Mineral Resources.

The session, which was moderated by Matar Al-Harthy, director of metal business strategies at SABIC, also included panelists Saleh Al-Falih, and members of the board of directors of Al-Kifah Holding Company.


KSrelief’s charitable work in Yemen, Afghanistan continues

Updated 28 December 2024
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KSrelief’s charitable work in Yemen, Afghanistan continues

RIYADH: The King Salman Humanitarian Aid and Relief Center (KSrelief) continues its charitable work in Yemen and Afghanistan, with the provision of medical services and shelter kits to individuals in need.

In Yemen, the Al-Ja’dah Health Center clinics in the Midi District of Hajjah Governorate continued to treat beneficiaries from Aug. 21 to 27 through KSrelief’s support.

The clinics provided comprehensive healthcare services to 96,184 patients, including in the field of internal medicine, reproductive health, pediatrics, communicable disease, and emergency services, treated injuries and referred complex cases, state news agency SPA reported.

The center also secured medicines, medical supplies, laboratory reagents and supplies, and medical and non-medical consumables for 60,823 individuals, treated 123 children suffering from malnutrition and vaccinated 451 children.

In Yemen’s Marib Governorate, the Saudi aid agency provided in November medical services to 453 individuals who had lost limbs. KSrelief’s ongoing project has so given 1,829 various services including fitting and rehabilitating prosthetic limbs, physical therapy and specialized consultations.

In Afghanistan, KSrelief distributed on Thursday 276 shelter kits in Khogyani district of Nangarhar province as part of the 2024 shelter project attending to returnees from Pakistan and people affected by floods.


Saudi Arabia condemns Israel’s burning of Gaza hospital

Updated 47 min 55 sec ago
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Saudi Arabia condemns Israel’s burning of Gaza hospital

  • Kamal Adwan Hospital was one of the last operating in the northernmost part of the Gaza Strip

RIYADH: Saudi Arabia on Friday denounced the burning of a Gaza hospital by Israeli forces and the forced removal of patients and medical staff from the facility.

Hospital officials said that Israeli troops raided Kamal Adwan Hospital on Friday, gathered staff outside the facility, removed their clothes, and took them to an unknown location.

Israeli soldiers then set fire to several parts of the facility, which is one of the last operating in the northernmost part of the Gaza Strip, including the surgery department, according to the Palestinian health ministry in the enclave.

The actions constitute a violation of international law, international humanitarian law, and the most fundamental humanitarian and ethical norms, said a statement by the Saudi foreign ministry.

Israel claimed Hamas fighters had been operating in the facility, which hospital officials denied.


Saudi Arabia to provide $500m in new economic support for Yemen

Updated 27 December 2024
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Saudi Arabia to provide $500m in new economic support for Yemen

  • Budget, stability, Central Bank of Yemen targeted 

RIYADH: Saudi Arabia announced on Friday a new economic support package for Yemen worth $500 million and aimed at bolstering the government’s budget, stabilizing the Central Bank of Yemen, and fostering the development and stability of the Yemeni people.

The latest assistance includes a $300 million deposit into the Central Bank of Yemen to improve economic and financial conditions, alongside $200 million to address the Yemeni budget deficit, the Saudi Press Agency reported.

The latest funding forms part of a larger $1.2 billion initiative through the Saudi Development and Reconstruction Program for Yemen. The program focuses on enhancing food security; supporting wages and operating expenses; and aiding the Yemeni government in implementing its economic reform agenda.

The new support aims to establish economic, financial, and monetary stability in Yemen by strengthening public finances, building government institutional capacity, and enhancing governance and transparency, the SPA added.

The assistance will empower the private sector to drive sustainable economic growth, create job opportunities, and place Yemen’s national economy on a more sustainable path for economic and social development.

Saudi Arabia’s previous economic assistance included deposits in the Central Bank of Yemen, which increased foreign exchange reserves, stabilized the local currency, reduced exchange rates, and stimulated the growth in gross domestic product.

The assistance also lowered fuel and diesel costs, reduced prices of imported food commodities, and supported the import of essential goods, including wheat, rice, milk, cooking oil, and sugar.

In addition, Saudi grants have helped the Yemeni government manage operating expenses, pay salaries, and mitigate the economic crisis by boosting foreign exchange reserves and restoring confidence in Yemen’s financial institutions.

These measures reduced reliance on borrowing to finance budget deficits, enhanced financial system stability, and alleviated inflationary pressures.

Saudi Arabia has also prioritized critical sectors in Yemen through grants and projects implemented by SDRPY, including more than 260 development initiatives across various Yemeni governorates, covering education, health, water, energy, transportation, agriculture, and fisheries.

These projects have improved access to essential services; provided medical treatments for chronic diseases and cancer patients; supported education; and ensured the provision of petroleum derivatives for electricity generation.

Saudi Arabia’s grants for petroleum derivatives have played a vital role in operating 80 power plants across Yemen, boosting energy efficiency and revitalizing productive and service sectors.


Diriyah Season exhibition honors symbols of Saudi resilience

Updated 28 December 2024
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Diriyah Season exhibition honors symbols of Saudi resilience

  • Imam Turki bin Abdullah’s legacy explored in immersive display for Second Saudi State’s bicentennial anniversary

RIYADH: Diriyah Season’s “Enduring Resilience” exhibition highlights the life of ruler Imam Turki bin Abdullah in celebration of the 200th anniversary of the establishment of the Second Saudi State.

“I enjoyed the exhibition. I honestly think that exhibitions like this are so important because they show Saudi history and the bravery of important people of the past, such as Imam Turki bin Abdullah,” said Maha Al-Aamri, a Saudi visiting the exhibition being held at Diriyah’s Bujairi Terrace with her friends.

Visitors were drawn to Turki’s Cave, created based on a cave Imam Turki strategically sought refuge in. (AN photo by Lama Alhamawi)

Speaking about what stood out to her, she said, “All of it … The storytelling about Al-Ajrab Sword was probably the best part of the exhibition.”

Al-Ajrab Sword is one of the most well-known symbols of the Kingdom’s history, representing the courage, determination, and nobility of Imam Turki in unifying and restoring the sovereignty of the Second Saudi State in 1824 when he entered Riyadh.

HIGHLIGHTS

• Al-Ajrab Sword is one of the most well-known symbols of the Kingdom’s history.

• It represents the courage, determination, and nobility of Imam Turki bin Abdullah in unifying and restoring the sovereignty of the Second Saudi State in 1824.

Through the exhibition, visitors are transported back in time through a guided and immersive journey that explores how Imam Turki established and shaped the Second Saudi State, reclaiming the land and restoring the legacy of his ancestors.

The exhibition takes visitors on a guided and immersive trip back in time as they explore the establishment and shaping of the Second Saudi State by Imam Turki. (AN photo by Lama Alhamawi)

“The experience was very nice and something different to try,” Vindeep Gupta, a computer technician working and living with his family in Riyadh, told Arab News.

“I will just say that I wish it (the exhibition) was bigger, but I like that it captured the struggles and challenges in achieving the victory … The historians did a good job in making the display,” he said.

The ‘Enduring Resilience’ exhibition transports visitors back in time through a guided and immersive journey that explores how Imam Turki bin Abdullah established and shaped the Second Saudi State. (AN photo by Lama Alhamawi)

Among the areas of the exhibition where visitors noticeably spent more time taking pictures and videos was Turki’s Cave.

According to a document published by the Diriyah Gate Development Authority, Imam Turki sought refuge in a cave high atop a rugged mountain, choosing it as his base of operations. The cave, located in Aliyyah, became one of the most well-known in Najd.

The exhibition takes visitors on a guided and immersive trip back in time as they explore the establishment and shaping of the Second Saudi State by Imam Turki. (AN photo by Lama Alhamawi)

Its inaccessibility made it a perfect hideout, strategically situated near several key towns and villages including Al-Kharj, Al-Houtah, Al-Hareeq, Al-Hulwah, and Al-Dalam.

The exhibition, in Arabic with English translation, is open to the public until the end of the year. It offers a deeper understanding of the values of unity, belonging, justice, and loyalty that were exhibited by the imams of the state.

 

Decoder

Al-Ajrab Sword

Ajrab Sword stands as one of the most recognizable symbols of the Kingdom's history, and represents the courage, determination, and nobility of Imam Turki bin Abdullah who unified and restored the Second Saudi State in 1824.


Black limes: a unique staple of Middle Eastern and North African cuisine

Black limes boast a harmonious blend of sour and slightly sweet flavors, rounded out by a touch of bitterness. (AN photo)
Updated 27 December 2024
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Black limes: a unique staple of Middle Eastern and North African cuisine

  • Dried citrus adds zesty kick to dishes
  • Originated as a way to preserve fruit in hot climes

RIYADH: Anyone who has not yet dived into the world of black limes is in for a treat. Known in English as dried limes or black lemons, these intriguing ingredients are referred to as noomi basra in Iraq, limoo amani in Iran, and loomi in Saudi Arabia and Oman.

They are a must-have for elevating culinary creations and have graced dishes across the Middle East and North Africa for more than 1,000 years. It’s about time they were brought into every kitchen.

So, what exactly are black limes? Think of them as the sophisticated cousins of fresh limes. They undergo a transformation process: first, they are packed in salt, and then they bask in the sun until they turn a striking black.

Black limes boast a harmonious blend of sour and slightly sweet flavors, rounded out by a touch of bitterness. (AN photo)

The result is a hard, dried fruit that delivers a remarkable burst of flavor.

When it comes to taste, black limes pack a powerful punch. The flavor is a harmonious blend of sour and slightly sweet, rounded out by a touch of bitterness.

“It was a game-changer to realize that (adding black lime) isn’t just about adding tanginess to a dish — it’s a full-on spice with a smoky aroma and earthy notes that bring out so much flavor,” Shadia Al-Bayat — a home cook from Qatif — told Arab News.

“Beyond that, it’s packed with nostalgia, calling to mind traditional Gulf dishes like seafood, grilled meats, and hearty stews. It’s also the key to the signature hot ‘loomi’ tea, a staple at traditional gatherings and celebrations,” Al-Bayat added.

FASTFACTS

• Black limes are packed in salt and then they bask in the sun until they turn a striking black.

• They add a zesty kick to Saudi dishes; they originated as a way to preserve fruit in hot climate.

This unique profile makes them perfect for enhancing stews, tagines and a variety of other dishes. A black lime added to a cooking pot will instantly elevate any meal.

Cooks can get creative with black limes. They can be used whole or crushed into powder, allowing for versatility.

Imagine a flavorful tagine or a warming soup that gets a delightful kick from a black lime. If preferred, the lime can be removed before serving, but leaving it in adds an appealing touch.

For something refreshing, blend black limes into limonana, a delightful drink that combines lemon and mint, perfect for quenching thirst.

And for something soothing, consider brewing some dried lime tea — a comforting drink that can settle the stomach and provide a sense of warmth.

They also make excellent additions to marinades for meats and fish, giving dishes a fantastic zest.

In Saudi cuisine, loomi is a prized ingredient that adds a distinctive tangy flavor to traditional dishes.

In kabsa, a popular rice dish, black lime is added whole or ground to add acidity and elevate the dish’s depth.

Black limes have a history that dates back centuries. They are believed to have originated in the Middle East and North Africa, where they were a valued ingredient in ancient cooking.

Historically, they were prized not just for their flavor, but also for their ability to preserve food in the warm climate. Over time, dried limes became a staple in various cuisines, with each culture adding its own flair to their use.

Today, they are recognized for their versatility and are celebrated in dishes in many cultures.

Beyond their culinary charm, black limes come with health benefits, too. Packed with vitamin C, calcium and potassium, they are a nutritious addition to any diet.

Black limes are a cultural staple. While they share ties with fresh limes, black limes have a distinct personality, bringing an intriguing bitterness and complexity to dishes.

They can even be spotted in spice blends like baharat, because a little extra flavor never hurt anyone.

Black limes are a unique and flavorful ingredient that can bring depth to cooking and are worth adding to any culinary repertoire to impress the taste buds.