RIYADH: The Indian Embassy in Riyadh hosted a relaunch of the Saudi-Indian Business Network (SIBN) at a virtual ceremony to mark fast-growing economic and commercial ties between the two countries.
During the event, the Indian ambassador to the Kingdom, Dr. Ausaf Sayeed, inaugurated the network’s website http://sibnksa.com/.
In an address, the envoy said that following a significant strengthening of bilateral relations that had made India and Saudi Arabia key strategic partners, it was important and timely that business leaders from both countries worked closely under an institutionalized mechanism to further the relationship.
Sayeed noted that the relaunch will lead to a nationwide expansion of the SIBN which had been successfully operating in Jeddah for many years. The new-look network will be opening additional chapters in Riyadh, Dammam, and Jeddah with a national executive and regional committees.
The ambassador added that the expansion of the network was a necessity and long overdue, as economic relations between the nations had grown multifold and bilateral commercial activities had spread throughout the Kingdom.
The network will consist of prominent Indian businessmen and professionals based in the Kingdom and their Saudi counterparts engaged with India, he said, adding that the organization aimed to provide a platform for the promotion of trade and commerce in different sectors and encourage two-way investments.
He pointed out that the SIBN would also act as an interface to inform Indian companies of the vast opportunities being offered in the Kingdom and the same to the Saudi business community in India.
SIBN president, Abdullah M. Al-Kassabi, who is also the CEO of Al-Musheera Group, thanked the Indian ambassador for his efforts to promote the network to a pan-Saudi level.
He said the unique nature of the platform would help to boost collaboration between Indian and Saudi businesses, in the process enhancing bilateral economic relations.
President of the SIBN’s Riyadh regional chapter, Khaled Al-Aboodi, a prominent economist with 35 years of experience working with government, multilateral development finance institutions, and the private sector, congratulated the embassy on the success of the launch ceremony and for adapting to the coronavirus disease (COVID-19) pandemic situation.
Mazen Batterjee, chairman of Batterjee Holding Co., who will now lead the regional chapter of SIBN in Jeddah, shared his experience of being connected with the network since 2006 and said its expansion will provide much-needed support to businesspeople in Saudi Arabia and India.
DiplomaticQuarter: Saudi-Indian Business Network relaunch marks major expansion in Kingdom
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DiplomaticQuarter: Saudi-Indian Business Network relaunch marks major expansion in Kingdom
Authority warns against overuse of ginseng by pregnant women, says no proof of safety
- Adverse effects of the plant-based supplement include insomnia or high blood pressure when used in large doses, warns SFDA
- It stressed that stressed that herbal supplements should be used with caution, like any other medicine
Adverse effects of the plant-based supplement include insomnia or high blood pressure when used in large doses
RIYADH: The Saudi Food and Drug Authority has warned against overuse of the herb ginseng due to possible negative side-effects and the lack of evidence of its safety for pregnant and breastfeeding women.
Adverse effects of the plant-based supplement include insomnia or high blood pressure when used in large doses, and the SFDA warned that there was no proof of it being safe to use during pregnancy, according to the Saudi Press Agency.
In addition, the herb may interfere with medicines for blood thinners, diabetes, heart conditions, insomnia and schizophrenia, and can interact negatively with caffeine, it said.
Ginseng, known by its scientific name Panax ginseng, is used in alternative medicine for its purported effects on energy levels, concentration and mood.
The recommended average dose is between one and two grams of the root, taken three to four times a day, for between three and four weeks, according to the report.
SFDA further stressed that herbal supplements should be used with caution, like any other medicine.
It added that claims about the safety of such supplements not supported by evidence should be handled with caution, and advised consulting a doctor before using them.
Herbal supplements can also interfere with certain foods, as well as medication, the authority added.
SFDA provides a list of prohibited medicinal plants and cosmetic products on its official website: https://www.sfda.gov.sa/ar/informationlist/66327.
KACST graduates 46 deep-tech startups from Venture Program
- Scheme turns research into marketable products
- Energy, healthcare, renewables sectors represented
RIYADH: Forty-six deep-tech startups graduated from the King Abdulaziz City for Science and Technology’s Venture Program in a recent ceremony.
The graduating startups come from a diverse range of sectors, including energy, healthcare, renewable resources and emerging technologies.
Notable participants included Glass Earth KSA, which specializes in geospatial technology solutions for environmental monitoring; PainTech Solutions, a company developing innovative approaches to pain management and medical treatments; and EA Systems, focused on advanced engineering solutions for industrial automation and efficiency.
The KACST Venture Program is an initiative designed to support deep-tech startups by providing resources, mentorship, and strategic partnerships to transform research into marketable products and services.
The program was supported by the National Technology Development Program, which also granted technology licenses to a number of private sector firms.
Held at KACST’s The Garage startup incubator in Riyadh, the graduation ceremony brought together key stakeholders, including government officials, researchers and private investors.
Among the dignitaries in attendance was Munir El-Desouki, president of KACST, who praised the initiative’s role in advancing Saudi Arabia’s economic transformation.
Khalid Al-Dakkan, senior vice president of innovation at KACST, said: “At KACST, we worked to connect emerging companies with the government and private sectors, and investors to develop ideas and innovations, and transform them into marketable products and services to support the national economy.”
Al-Dakkan also pointed to the inclusion of strategic partners in the program’s next phase. “The KVP program, in its new version, includes the inclusion of a number of strategic partners to strengthen the innovation system and support the economy,” he said.
The new iteration will involve partnerships with four Saudi universities to foster a vibrant entrepreneurial culture while targeting fields such as clean energy, artificial intelligence and health technologies.
Ibrahim Neyaz, CEO of NTDP, underscored the program’s importance in driving growth in emerging sectors.
“The KACST program for creating emerging companies aims to support and empower owners of innovative technology projects and encourage national companies to invest in emerging technologies to raise their share in the local market, and provide initiatives that help in developing technologies,” he said.
Saudi Arabia’s King Salman receives written message from Senegal president
- The message related to Saudi-Senegalese relations, and was received by the Kingdom’s Foreign Minister Prince Faisal bin Farhan
RIYADH: Saudi Arabia’s King Salman received a written message from the President of Senegal Bassirou Diomaye Faye, the Saudi Press Agency reported on Thursday.
The message related to Saudi-Senegalese relations, and was received by the Kingdom’s Foreign Minister Prince Faisal bin Farhan during a meeting with Senegal’s Minister of Armed Forces Gen. Birame Diop in Riyadh.
During the meeting, Prince Faisal and Diop discussed topics of common interest and ways to enhance relations between their countries.
Eastern Region’s green initiative shows remarkable progress
- Initiative has focused on introducing climate-appropriate trees and flowers
- Eastern Province Municipality emphasized the project’s collaborative nature
DAMMAM: Significant strides were made by the Eastern Province Municipality last year in its efforts towards vegetation expansion and anti-desertification.
The initiative, designed to counter industrial pollution, improve air quality and move towards environmental sustainability, has focused on introducing climate-appropriate trees and flowers while adhering to scientific afforestation guidelines and controls.
Throughout the year, the municipality launched 87 initiatives involving more than 1,200 volunteers across 60 parks. This included the Dammam Corniche waterfront and its walking trails where some 680,000 trees and shrubs were planted, complemented by 7.7 million flowers, expanding green coverage by 205,000 sq. meters.
Work was also carried out to rehabilitate streets and other spaces, while technical upgrades included maintenance work on 200 pumps and the installation of irrigation networks covering 30 km of streets.
There was also progress for the park investment program, with four parks already under investment management and 400 more designated for future opportunities.
The municipality emphasized the project’s collaborative nature, highlighting the active participation of community members, government bodies and the private sector companies. Its inclusive approach aims to cultivate a lasting environmental consciousness and ensure sustainability practices are passed down to future generations.
Riyadh to host second edition of Model of Care Forum
- Forum aims to introduce the Saudi healthcare model locally and internationally, highlight success stories, and outline future goals and ambitions
- Forum represents the second phase in a four-part strategic process in the healthcare sector’s transformation
RIYADH: Riyadh will host the second edition of the Model of Care Forum under the patronage of Minister of Health Fahad Al-Jalajel.
Organised by the Health Holding Co. on Jan. 28-29, the forum will be held at Malfa Hall in Prince Mohammed bin Salman Nonprofit City.
The forum aims to introduce the Saudi healthcare model locally and internationally, highlight success stories, and outline future goals and ambitions in line with the Saudi Vision 2030.
It also promotes partnership in healthcare among individuals and their families by taking necessary measures to maintain their health, ensuring the provision of healthcare that meets societal needs according to the highest quality standards.
The forum represents the second phase in a four-part strategic process in the healthcare sector’s transformation, aimed at developing the healthcare model in the Kingdom.
The Health Holding Co. is playing a key role in enabling healthcare delivery through 20 health clusters across Saudi Arabia.
