Saudi Arabia unveils SR120bn business support war chest to fight virus pandemic

Saudi Arabia has suspended domestic flights, trains, buses and taxis for 14 days in a heightened effort to stop the spread of the COVID-19. (AFP)
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Updated 21 March 2020
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Saudi Arabia unveils SR120bn business support war chest to fight virus pandemic

  • Immediate steps to ensure the safety of its citizens and residents
  • The Kingdom would do whatever required to tackle the crisis, say health minister

JEDDAH: Saudi government ministers on Friday announced a war chest of more than SR120 billion ($32 billion) to fight the “unprecedented” health and economic challenges facing the country as a result of the killer coronavirus pandemic.

During a press conference in Riyadh, finance minister and acting minister of economy and planning, Mohammed Al-Jadaan, unveiled a SR70 billion stimulus package to support the private sector, especially small- and medium-sized enterprises (SMEs) and businesses worst-hit by the virus outbreak.

And the Saudi Arabian Monetary Authority (SAMA) has also sidelined SR50 billion to help the Kingdom’s banking sector, financial institutions and SMEs.

Al-Jadaan said the government had introduced tough measures to protect the country’s citizens while immediately putting in place a financial safety net. He added that the Kingdom was moving decisively to address the global COVID-19 disease crisis and cushion the financial and economic impact of the outbreak on the country.

The SR70 billion package of initiatives revealed by the minister will include exemptions and postponement of some government dues to help provide liquidity for private-sector companies.

Minister of Health Dr. Tawfig Al-Rabiah noted the raft of precautionary measures that had been introduced by the Kingdom in cooperation with the private sector and government agencies to combat the spread of the coronavirus, highlighting the important contribution of the data communication services sector.

He reassured the Saudi public that the Kingdom would continue to do whatever was required to tackle the crisis.

“This pandemic has a lot of challenges. It’s difficult to make presumptions at this moment as we’ve seen; many developed countries did not expect the rate of transmission of this virus.

“We see that the reality of the situation is different from what many expected. The virus is still being studied and though we know the means of transmission, it is transmitted at a very fast rate, having spread to many countries faster than expected.

“We see that many countries have not taken the strong precautionary measures from the beginning of the crisis which led to the vast spread of the virus in these countries,” Al-Rabiah said.

He pointed out that social distancing would help slow the spread.

Al-Jadaan said the Saudi government had the financial and economic capacity to deal with the situation. “We have large reserves and large investments, but we do not want to withdraw from the reserves more than what was already announced in the budget. We do not want to liquidate any of the government’s investments so we will borrow.

“We have approval from the government after the finance committee raised its recommendations to increase the proportion of the domestic product borrowing from 30 percent to 50 percent. We do not expect to exceed 50 percent from now until the end of 2022,” he added.

The government would use all the tools available to it to finance the private sector, especially SMEs, and ensure its ongoing stability.

The finance minister said that at this stage it was difficult to predict the economic impact of the pandemic on the private sector, but he emphasized that international coordination, most notably through G20 countries and health organizations, was ongoing.

On recorded cases of the COVID-19 disease in the Kingdom, Al-Rabiah said: “Many of the confirmed cases are without symptoms, this is due to the precautionary measures being considered.

“As soon as a case is confirmed, we contact and examine anyone who was in direct contact with the patient. This epidemiological investigation, is conducted on a large scale to investigate any case that was in contact with the patient.”

Al-Jadaan also announced the formation of a committee made up of the ministers of finance, economy and planning, commerce, and industry and mineral resources, along with the vice chairman of the board of the Saudi National Development Fund, and its governor.

The committee will be responsible for identifying and reviewing incentives, facilities, and other initiatives led by the fund.

Committees had also been established, said Al-Jadaan, to study the impact and repercussions of the coronavirus crisis on all sectors and regions, and look at ways of overcoming them through subsidies or stimulus packages.

 
 


70 participants graduate in Riyadh AI and Innovation Hackathon 

Updated 26 May 2025
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70 participants graduate in Riyadh AI and Innovation Hackathon 

RIYADH: Seventy participants have completed the AI and Innovation Hackathon program held in Riyadh recently.

Organized by the Financial Academy, in partnership with MEDGULF Insurance Company, the program is aimed at training national talents capable of driving the development of the insurance sector in the Kingdom, in line with the goals of Saudi Vision 2030.

The hackathon included several key phases, starting with data collection and pertinent challenges, followed by awareness sessions and inviting applications, then idea screening, and the selection of the best candidates. 

The five-month event culminated in an intensive five-day hackathon with creative engagement from the participants.

The Financial Academy has several responsibilities and mandates, such as: including training and qualifying employees working in the financial sectors, setting standards and requirements for practicing professions in the financial services market, publishing scientific research.


Supreme Court calls on Muslims in Saudi Arabia to sight Dhul Hijjah crescent moon on Tuesday evening

Saudi Arabia’s Supreme Court called on Muslims in the Kingdom to sight the crescent moon of Dhul Hijjah on Tuesday evening.
Updated 26 May 2025
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Supreme Court calls on Muslims in Saudi Arabia to sight Dhul Hijjah crescent moon on Tuesday evening

  • Court requested that anyone sighting the crescent moon with the naked eye or through binoculars report to the nearest court and record their testimony

RIYADH: Saudi Arabia’s Supreme Court called on Muslims in the Kingdom to sight the crescent moon of Dhul Hijjah on Tuesday evening, Saudi Press Agency reported.

Tuesday is the 29th of Dhul Qadah and if the crescent moon is sighted that day, the month of Dhul Hijjah, during which Hajj takes place, will start on Wednesday May 28. In this case, the first day of Eid Al-Adha will take place on Friday June 6.

If the crescent moon is not sighted on Tuesday evening, Dhul Hijjah will start on Thursday and the first day of Eid will be on Saturday June 7.

The court requested that anyone sighting the crescent moon with the naked eye or through binoculars report to the nearest court and record their testimony, or contact the nearest center to assist them in reaching the nearest court.


AlUla’s rawi historians tell tales as old as time

Updated 26 May 2025
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AlUla’s rawi historians tell tales as old as time

  • Storytellers keep oral tradition alive by guiding tourists in ancient city
  • Reciters of poetry tell the stories of historic sites 

JEDDAH: In the timeless landscape of AlUla, stories are not only carved or marked into rock — they are carried in the hearts and voices of its people.

Among those preserving and sharing memories is Aljawharah Ibrahim Abdulkarim, a rawi — or oral storyteller — in the heritage, culture and events department at the Royal Commission for AlUla.

She told Arab News: “Several years ago I took a number of tour guiding courses and decided to pursue a career in this field. I was born and raised in AlUla, so I grew up hearing stories and learning about AlUla Old Town from my parents and relatives who lived there, which allowed me to better understand the history of the site.”

Storytelling for Abdulkarim is not just a job, but a mission. As a native of AlUla, she offers a rare blend of authenticity and academic insight, which she weaves into the tours she leads.

She added: “Since I’ve lived in AlUla my entire life, I’ve witnessed its amazing transformation over the years. Through my work as a rawi I’ve also seen firsthand the exciting future that lies ahead for this unique place. All of these experiences have helped enrich my personal story of AlUla.”

The rawi has historically played an important role in Arab culture, serving as a reciter of poetry and stories.

A trilingual speaker — fluent in her native Arabic, as well as in English and French — Abdulkarim represents the next generation of rawis that will show, and tell, the tales of their ancestors.

She said: “I first started learning English in AlUla. Later, I had the opportunity to travel to France on an RCU scholarship created especially for AlUla students. While there I learned French and obtained my master’s degree in international hospitality management.”

Her ability to connect with international visitors became a key asset, and she added: “The fact that I am a trilingual rawi helps me to better understand the different tourists that come to AlUla, offer more personalized responses to their questions, and share with them the special story of AlUla.

“I’ve also had the chance to represent AlUla and my colleagues across several conferences and campaigns in the Kingdom and globally, connecting me with an even broader audience.”

While much research has been devoted to ancient sites like Dadan and Hegra, Abdulkarim is passionate about shedding light on AlUla — especially the human stories of AlUla’s Old Town.

She said: “There is a lot of available historical information and research for different ancient civilizations, especially for sites in Dadan and Hegra. However, when it comes to places like AlUla Old Town, it is quite different as we are talking about contemporary history.”

What sets her storytelling apart is her commitment to blending historical accuracy with personal memory — without conflating the two.

She said: “The people who once lived there are still with us today, and they’re able to share their stories in their own words.

“During my tours I usually start by sharing historical facts, and then I include memories from my father and family. I make sure to keep the two separate, so the history and personal stories are both respected and clearly understood.”

Beyond those narratives, Abdulkarim regularly invites other community members to lend their voices to the tours.

She added: “During our tours we also invite members of the local community to participate by sharing their stories and knowledge, helping us to tell the broader history of AlUla, through the voices of those who have lived it.”

These efforts are especially resonant during themed tours in which the history is deeply personal.

She added: “For example, during one of our special tours in Ramadan, called Ramadan Memories, my father contributed by sharing how the people of Old Town used to spend the holy month, recounting their daily routines, the food they prepared, their work, and their cherished traditions. In doing so, we offer our valued guests a truly unique and personal experience.”

Preserving and presenting heritage in such moments is more than recounting stories — it is about keeping the very culture and voice alive for future generations.

She said: “Sharing our heritage with people is crucial to prevent it from being lost, especially as elements of heritage can also be intangible.

“AlUla is a jewel to us, and persevering the heritage of the city not only helps to protect our past but also safeguards our present and shapes our future.”

That future is being actively protected, and she added: “Today, for example, we have the first Saudi Heritage Ranger team that are working hard to protect our tangible heritage in our historical and archaeological sites for the coming generations.”

In AlUla, the past is not forgotten: It is spoken, heard and passed down with pride. Through voices like Abdulkarim’s, these stories — some as old as time — are finding new ears.


Saudi minister holds talks with Chinese, EU officials on climate, global issues 

Updated 25 May 2025
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Saudi minister holds talks with Chinese, EU officials on climate, global issues 

RIYADH: Saudi Arabia's Minister of State for Foreign Affairs and Climate Envoy Adel Al-Jubeir received China's Special Envoy for Climate Change Liu Zhenmin in Riyadh on Sunday.

During the meeting, they discussed strengthening cooperation in climate action and environmental conservation, along with other topics of mutual interest.

Both officials also reviewed the Kingdom’s ongoing initiatives and achievements in this field, the Saudi Press Agency reported.

In a separate meeting, Al-Jubeir received the deputy secretary-general for political affairs at the European External Action Service, Olof Skoog, and his accompanying delegation.

The meeting reviewed international developments and the efforts being made to address them, in addition to discussing topics of mutual interest.


Sheikh Saleh bin Humaid to deliver Arafah sermon during Hajj 2025

Sheikh Saleh bin Humaid will deliver the Arafah sermon during this year’s Hajj. (@PRAGOVSA)
Updated 59 min 26 sec ago
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Sheikh Saleh bin Humaid to deliver Arafah sermon during Hajj 2025

  • The day of Arafah (the 9th of Dhul Hijjah) is widely considered the pinnacle of Hajj, marking the most important day for pilgrims
  • The sermon is delivered from Masjid Al-Nimra on Mount Arafat before Dhuhr and Asr prayers are performed together on Dhul Hijjah 9

RIYADH: Sheikh Saleh bin Humaid will deliver the Arafah sermon during this year’s Hajj, the Presidency of Religious Affairs announced on Sunday.

The day of Arafah (the 9th of Dhul Hijjah) is widely considered the pinnacle of Hajj, marking the most important day for pilgrims. Muslims around the world who are not performing the pilgrimage mark the day by fasting and engaging in worship.

The sermon is delivered from Masjid Al-Nimra on Mount Arafat before Dhuhr and Asr prayers are performed together on Dhul Hijjah 9.

Head of Religious Affairs of the Grand Mosque and the Prophet’s Mosque Sheikh Abdulrahman Al-Sudais thanked King Salman and Crown Prince Mohammed bin Salman for the appointment.

The appointment underscores the Kingdom’s global religious leadership, reflects its continued support for religious institutions, and exemplifies the leadership’s care for the two holy mosques, the presidency said.