G20 leaders emphasize need for global cooperation in fight against COVID-19

On the margins of the G20 summit, the Saudi G20 Presidency hosted on Saturday a high-level side event on Pandemic Preparedness and Response, during which King Salman spoke. (Screenshot: G20)
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Updated 22 November 2020
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G20 leaders emphasize need for global cooperation in fight against COVID-19

  • Throughout the year, the G20 Saudi Presidency has led international efforts by organizing an Extraordinary Summit at the beginning of the pandemic

RIYADH: On the margins of the G20 summit, the Saudi G20 Presidency hosted on Saturday a high-level side event on Pandemic Preparedness and Response, during which King Salman spoke.

 

 

The G20 leaders along with global organizations emphasised the need for a continued coordinated response to the coronavirus pandemic, especially to support the most vulnerable, whilst increasing preparedness and spending for further research and innovation to create tools and vaccines.

Throughout the year, the G20 Saudi Presidency has led international efforts by organizing an Extraordinary Summit at the beginning of the pandemic, and discussed ways of protecting lives, jobs, and the most vulnerable.

G20 members have contributed to the fight against the COVID-19 pandemic with over $21 billion at the outset of the crisis to support health systems and the hunt for a vaccine. G20 also made available over $14 billion in debt relief for developing nations and injected an unprecedented $11 trillion so far to safeguard the global economy. 

As well as the king, 5he event also featured the Prime Minister of Italy Giuseppe Conte, President of Argentina Alberto Fernández, French president Emmanuel Macron, German Chancellor Angela Merkel, President of South Korea Moon Jae-in and the president of South Africa Cyril Ramaphosa.

Addressing the meeting, King Salman made the following statement:

“Your Majesties, Your Excellencies, Your Highnesses,

It is my pleasure to welcome you to the Pandemic Preparedness event. The world is facing an unprecedented global health challenge on people,  communities, and economies.

From the onset of the pandemic and in an attempt to jumpstart the global response, we met in an extraordinary summit last March where we all took swift and collective actions to counter this crisis. We continue to do so.

The pandemic  has demonstrated that international cooperation is the optimal way to overcome  crises. We must focus on the most vulnerable segments. We must provide support for all countries of the world, for  we would not be safe until everyone is safe.

In April, the Kingdom of Saudi Arabia joined forces with international organizations and global leaders to launch the Access to Covid Tools-Accelerator. We co-led the Global Coronavirus Pledging Event to meet the global shortage in developing and distributing vaccines and diagnostic tools, where the Kingdom contributed $500MN towards that end.

With the advances we are witnessing in the Covid-19 vaccine development, our top priority is to ensure affordable and equitable access to the vaccine and diagnostic tools for all.

This pandemic is a true test for our global health systems. Therefore, through the G20 Presidency, we utilized a number of vital initiatives to close the pandemic preparedness and response gaps.

During our Presidency, with the support of the G20 members , we proposed   the Access to Pandemic Tools (APT) initiative, which aims at ensuring  focus on sustainable preparedness and response to counter any future pandemic. We look forward to furthering this discussion and implementation during the Italian Presidency next year.

Together we can reach our goal of protecting lives, livelihoods and shaping a better world to realize the opportunities for the 21st century for all. In this regard we would like to hear form their Majesties, Highnesses, Excellencies to share their relevant initiatives and best practices.

Thank you.”


Young voices at heart of Misk forum

Updated 50 sec ago
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Young voices at heart of Misk forum

  • Misk City ‘empowering and investing in youth,’ Misk Foundation CEO says
  • Kadi Al-Khathaam: ‘Reading for me is the light out of any darkness or hesitance’

RIYADH: Misk City is poised to be a transformative hub for young people, blending creativity with opportunity, according to the CEO of the Misk Foundation.

“Misk City is not just a place filled with buildings and roads, it is an exceptional place for an exceptional city,” Badr Al-Bader said on the first day of the Misk Global Forum 2024.

The purpose-built destination was committed to fostering talent and innovation, he said.

The eighth Misk Global Forum is showcasing the foundation’s dedication to engaging young minds.

“With over 150,000 visitors and more than 1,000 speakers from 130 countries, this edition was notable for its youthful demographic,” Al-Bader said.

“This is the largest and smallest in terms of average age. We are proud to see so many young voices contributing to the dialogue.”

This year, Misk City welcomed students from Misk Schools and plans to extend its reach to schools across Riyadh and beyond.

“The city mirrors the youth growing alongside them, day by day. Misk has been empowering and investing in youth, making their support its highest priority,” Al-Bader said.

With the “unwavering support” of Crown Prince Mohammed bin Salman, more than 7 million young men and women had benefited from Misk programs, he said.

Kadi Al-Khathaam, the Saudi winner of the 2024 Arab Reading Challenge, was part of the “Leadership in a Future-Led Generation” panel at the forum.

“Reading is a transformation phase and it’s an enlightenment process where I can expand the horizon of my knowledge,” she said.

“Reading for me is the light out of any darkness or hesitance.”

Al-Khathaam said that the ability to communicate effectively allowed individuals to share their insights and experiences with others.

“I read, I discuss, I give the outcome to the world with the best of what I have.”

The crown prince’s advocacy for the education of all Saudi children was a source of inspiration for her, she said.

Saudi Minister of Communication, Information and Technology Abdullah Al-Swaha shared insights on youth-driven leadership and innovation, in line with the forum’s theme of “By Youth For Youth” and commented on Shawn Achor’s book “The Happiness Advantage.”

“We often link happiness with external factors, but we must realize that happiness and ambition are the main drivers of hard work,” he said.

“Let us take it the other way around: If we work with happiness in our hearts, success will follow.”

Al-Swaha shared the story of Dr. Firas Khalil, the first Saudi surgeon to perform heart surgery using AI and robotics.

“This procedure not only reduces recovery times but also saves lives,” he said.

He also spoke about Rayyanah Barnawi, the Kingdom’s first female astronaut.

“Her love and ambition to serve humanity made her the perfect candidate,” he said.

“Nothing is impossible from the Kingdom of Saudi Arabia as the greatest country in the world.”

The forum ends on Tuesday.


UNCCD COP16: Saudi Arabia announces Green Zone to combat land degradation

Updated 25 min 29 sec ago
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UNCCD COP16: Saudi Arabia announces Green Zone to combat land degradation

RIYADH: Saudi Arabia will host a special UN forum to combat desertification with the introduction of a dedicated Green Zone and thematic days for the first time in the event’s history. 

As part of its presidency of the UN Convention to Combat Desertification COP16, the Kingdom has announced a dedicated area focused on raising global awareness about land degradation, while enabling key decision-makers from scientific, non-governmental, political, business, and at-risk communities to find and fund lasting solutions. 

The Green Zone will host thematic days designed to rally action on critical issues, including agri-food systems and finance, during the conference set to take place from Dec. 2-13 at Boulevard Riyadh City. 

This initiative aligns with the Saudi Green Initiative target to turn 30 percent of the Kingdom’s land into nature reserves, plant 10 billion trees, and restore 40 million hectares of degraded land. 

“Land degradation, desertification and drought impact almost every corner of the planet, and every living being on it, from the species at risk of extinction to the lives and livelihoods impacted by severe drought,” said Osama Faqeeha, deputy minister for environment at the Ministry of Environment, Water and Agriculture, and adviser to the UNCCD COP16 Presidency. 

“Saudi Arabia will host the first-ever UNCCD COP16 Green Zone to mobilize the international community and maximize the opportunity during December’s conference of delivering lasting global change,” he added. 

There will also be a Blue Zone, which along with its green counterpart will feature seven thematic days designed to foster action and dialogue among key stakeholders. 

Land Day will focus on land restoration initiatives and nature-based solutions, while the Business for Land Forum will bring together international leaders to discuss the economic importance of sustainable land practices. 

Finance Day will address ways to close the financing gap in land degradation, along with a special ministerial dialogue and innovations in Sustainable Land Management financing. Governance Day will focus on improving women’s land rights and address policy issues surrounding land tenure and resource governance. 

Agri-Food Systems Day will spotlight food security, crop resilience, and sustainable farming. Resilience Day will explore water scarcity, drought resilience, and early warning systems for sand and dust storms. 

People’s Day will feature a youth caucus to engage young people, as 1 billion people under 25 in regions dependent on land and natural resources for jobs and livelihoods face significant challenges. 

 


Public gatherings banned in Islamabad for two months ahead of opposition protest

Updated 36 min 36 sec ago
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Public gatherings banned in Islamabad for two months ahead of opposition protest

  • District magistrates bans gathering of more than five people for next two months
  • Ban comes as Pakistan Tehreek-e-Insaf is planning protest in Islamabad on Nov. 24

ISLAMABAD: A two-month ban on public gatherings has been imposed in Pakistan’s federal capital, Islamabad, a notification from the district magistrate said on Monday, days ahead of a planned protest march by the party of jailed former Prime Minister Imran Khan.

The Pakistan Tehreek-e-Insaf party (PTI) announced last week it would lead a ‘long march’ to the capital on Nov. 24 over alleged rigging in Feb. 8 general elections and to call for the release of political prisoners, including Khan, and in support of the independence of the judiciary.

The party’s recent rallies and marches have been thwarted by similar bans on public gatherings imposed under Section 144 of the Pakistan Penal Code which allows the government to prohibit various forms of political assembly, gatherings, sit-ins, rallies, demonstrations, and other activities for a specified period.

In a notification dated Nov. 18, the district magistrate, without naming the PTI, said processions being planned in the capital “can disrupt public place and tranquility and keeping in view the current law & order and security environment, it is necessary to control such types of illegal activities which present a threat to public peace, tranquility and maintenance of law & order.”

He added that the demonstrations would cause “public annoyance or injury, endanger human life and safety, pose a threat to public property, and may lead to a riot or an affray including sectarian riot within the revenue/territorial limits of district Islamabad.”

In light of this, all gatherings of more than five people are banned in the capital, the notification said:

“This order shall come into force with immediate effect and shall remain in force for a period of TWO MONTHS.” 

Khan has been in jail since August 2023 and has faced dozens of cases since he was removed as prime minister in 2022 after which he launched a protest movement against a coalition of his rivals led by current Prime Minister Shehbaz Sharif and backed by the all-powerful military, which denies interfering in politics. 

Khan says cases against him, which disqualified him from contesting the February elections, are politically motivated. His party has held several protest rallies in recent months to build public pressure for its leader’s release.

With regards to the latest protest, the PTI’s first demand is a rollback of recent constitutional amendments like the 26th amendment that the PTI says is an attempt to curtail the independence of the senior judiciary. It is also calling for the release of party leaders and supporters and a return of what it describes as a “stolen mandate” after Feb. 8 general elections.

Pakistan’s government denies being unfair in its treatment of Khan and his party and the election commission rejects allegations the elections were rigged. The government also says recent amendments related to the judiciary are meant to smooth out its functioning and tackle a backlog of cases.


Alfanar Projects, SEC sign $5.33bn deals to support Saudi energy modernization 

Updated 39 min 58 sec ago
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Alfanar Projects, SEC sign $5.33bn deals to support Saudi energy modernization 

RIYADH: Energy deals worth SR20 billion ($5.33 billion) have been signed between Alfanar Projects and Saudi Electricity Co. to advance the Kingdom’s power modernization and sustainability efforts. 

The agreements, announced during the Energy Localization Forum hosted by the Ministry of Energy, include the construction of the Middle East’s largest High-Voltage Direct Current Converter Station, according to a press release.  

This facility, developed in partnership with China Electric Power Equipment and Technology Co., will deliver 7 gigawatts of power between the Central, Western, and Southern regions. 

The deals also include projects for battery storage systems, smart distribution centers, and renewable energy integration, aimed at improving grid reliability and supporting Saudi Arabia’s Vision 2030 goals of energy self-sufficiency and sustainability. 

Saudi Arabia aims to get 50 percent of its power from renewable energy by 2030, with a total capacity of 130 GW. This includes 58.7 GW from solar and 40 GW from wind, making it the most ambitious renewable energy target in the Gulf Cooperation Council. 

Amer Al-Ajmi, executive vice president of sales and marketing at Alfanar Projects, said: “The confidence placed in us by the Ministry of Energy, through its representative, Saudi Electricity Co., affirms our commitment to deliver and execute transformative projects of this scale.”  

He added: “At Alfanar Projects, we combine our robust resources, technical expertise, and a highly skilled national workforce to create a sustainable energy infrastructure that supports the Kingdom’s self-sufficiency goals and strengthens its role as a leader in renewable energy.” 

The signing ceremony was attended by Saudi Energy Minister Prince Abdulaziz bin Salman, Minister of State Hamad bin Mohammed Al-Sheikh, and Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef. 

Other key representatives included Khaled Al-Ghamdi, CEO of Saudi Electricity Co., and Sabah Al-Mutlaq, vice chairman of Alfanar Co. and managing director of Alfanar Projects, who represented both organizations. 

Alfanar Projects is a Saudi-based company developing sustainable energy projects that support economic growth and environmental goals in the Kingdom and beyond. 

Earlier this month, Saudi Electricity Co. reported a net profit of SR5.6 billion for the first nine months of 2024, up from SR 4.6 billion last year. The company’s power generation capacity grew by 1.4 percent, with its directly owned capacity rising to 56.9 GW. 


Closing Bell: Saudi benchmark index edges up to close at 11,830

Updated 46 min 18 sec ago
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Closing Bell: Saudi benchmark index edges up to close at 11,830

RIYADH: Saudi Arabia’s Tadawul All Share Index rose by 0.16 percent or 18.40 points to reach 11,830.38 points on Monday.   

The total trading turnover of the benchmark index was SR5.4 billion ($1.46 billion), as 78 of the listed stocks advanced, while 151 retreated.   

The MSCI Tadawul Index increased by 1.22 points, or 0.08 percent, to close at 1,487.07.    

The Kingdom’s parallel market Nomu also increased, gaining 119 points, or 0.40 percent, to close at 29,596.35 points. This comes as 44 of the listed stocks advanced while as many as 34 retreated.   

The index’s top performer, the National Co. for Glass Industries, saw a 9.11 percent increase in its share price to close at SR53.90.   

Other top performers included Arriyadh Development Co., which saw a 5.76 percent increase to reach SR27.55, while Almasane Alkobra Mining Co.’s share price rose by 4.41 percent to SR68.70.  

The Power and Water Utility Co. for Jubail and Yanbu also recorded a positive trajectory, with share prices rising 3.26 percent to reach SR57. CATRION Catering Holding Co. also witnessed positive gains, with 3.20 percent reaching SR129.

East Pipes Integrated Co. for Industry was TASI’s worst performer, with the company’s share price dropping by 3.78 percent to SR137.40. 

Arabian Pipes Co. followed with a 3.68 percent drop to SR109.80. Alkhorayef Water and Power Technologies Co. also saw a notable drop of 3.31 percent to settle at SR140. 

Elm Co. and MBC Group Co. were among the top five poorest performers, with Elm Co.’s share declining by 3.24 percent to settle at SR1.127.60 and MBC Group’s falling by 3.18 percent to sit at SR44.15.

On Nomu, Shalfa Facilities Management Co. was the best performer, with its share price rising by 14.03 percent to reach SR95.90. 

Sure Global Tech Co. and Mohammed Hasan AlNaqool Sons Co. also delivered strong performances. Sure Global Tech Co. saw its share price rise by 13.24 percent, reaching SR83.80, while Mohammed Hasan AlNaqool Sons Co. recorded a 12.20 percent increase, standing at SR43.70.

Osool and Bakheet Investment Co. also fared well with 9.81, and Banan Real Estate Co. increased 7.73 percent.

Alqemam for Computer Systems Co. shed the most in Nomu, with its share price dropping by 12 percent to reach SR88. 

Natural Gas Distribution Co. experienced a 5.87 percent decline in share prices, closing at SR54.50, while Horizon Educational Co. dropped 5.66 percent to settle at SR75.

Raoom Trading Co. and Lana Medical Co. were also among the top decliners, with Raoom Trading Co. falling 5.26 and Lana Medical Co. declining 4.89 percent.