Sri Lankan foreign minister’s trip to Saudi Arabia yields ‘positive vibes’

1 / 2
Sri Lankan Minister Ali Sabry met with several Saudi officials and ministers during his recent visit to the Kingdom. (AN photo by Saad Aldossari)
2 / 2
Sri Lankan Foreign Minister Ali Sabry speaking to Arab News. (AN photo by Saad Aldossari)
Short Url
Updated 28 January 2023
Follow

Sri Lankan foreign minister’s trip to Saudi Arabia yields ‘positive vibes’

  • Sri Lanka, Saudi Arabia sign double tax avoidance deal to boost trade, investment
  • Framework agreement with GCC in the works

RIYADH: Sri Lankan Minister of Foreign Affairs Ali Sabry has held talks with ministers and senior officials in Saudi Arabia, as the crisis-hit island nation seeks to boost cooperation with the Kingdom and other Gulf countries.

Sabry met with his Saudi counterpart Prince Faisal bin Farhan, Secretary-General of Organization of Islamic Cooperation Hissein Brahim Taha, Secretary-General of the Gulf Cooperation Council Nayef Falah M. Al-Hajraf, and CEO of the Saudi Fund for Development Sultan Al-Marshad, as well as officials from the Islamic Development Bank.

Sabry said that his visit to the Kingdom was “successful and that it will further cement and strengthen the bilateral relationship between our two countries as we see a lot of positive vibes that have been infused into our relations.”

Talks between the two foreign ministers covered enhancement of bilateral relations, increased investment with Sri Lanka as a gateway to South Asia, and employment for Sri Lankans in the Kingdom.

HIGHLIGHT

Ali Sabry, the Sri Lankan minister of Foreign Affairs, signed the double tax avoidance deal with the Kingdom’s Zakat, Tax and Customs Authority to boost trade and investment. Sri Lanka is said to be facing the worst economic crisis since its independence in 1948.

“Saudis have identified Sri Lanka as a very important geographical location, so (there are) investment opportunities in renewable energy, petroleum and hospitality industries,” Sabry said.

“We are interested in getting Saudi investment into the renewable energy sector for development, energy security and making Sri Lanka a regional energy hub.”

Discussions also took place around resuming airline services between Saudi Arabia and Sri Lanka following their suspension during the global pandemic.

In a bid to enhance trade and investment relations between both countries, the visiting minister “signed a double tax avoidance agreement with the Zakat and Income Tax Authority here” to prevent fiscal evasion on income.

Sri Lanka is facing its worst economic crisis since independence in 1948, with the government battling a shortage of foreign earnings, runaway inflation and recession.

The Sri Lankan minister thanked the Kingdom for its help with debt restructuring at the International Monetary Fund and Paris Club.

The Paris Club of creditor nations has proposed a 10-year debt moratorium on Sri Lankan debt and 15 years of debt restructuring as a formula to resolve the island nation’s currency crisis.

Sri Lanka is also in discussions with the IMF to secure a $2.9 billion bailout seen as vital to getting its economy back on track.

Sabry highlighted Saudi Arabia and Sri Lanka’s long-standing relations and the former’s support in international forums.

“Sri Lanka and Saudi Arabia have been traditional friends for a long period of time. To strengthen bilateral relationship, particularly in the multilateral fora — the UN and other agencies — we have to support each other,” he said.  

“They (Saudis) have been supporting us when we have been cornered unfairly by some powers for no reason. They have stood by us time and again. So we need to strengthen that relationship.”

Sabry and Al-Marshad discussed development issues of common interest, and the Sri Lankan minister praised the Kingdom’s efforts in developing infrastructure in Sri Lanka through SFD projects.

The minister’s meeting with Al-Hajraf focused on ties between Sri Lanka and the GCC.

“GCC is very important. We are looking at signing a framework agreement with the GCC, we want to expedite it as soon as possible,” Sabry said.

On his discussions with Taha and OIC observer status, Sabry said: “They are exploring the possibility of observer status, but we haven’t made the decision yet. Traditionally, we have had good relationships.”

Sabry also reassured Taha about the conditions of the Muslim community in Sri Lanka.

 


Fam Foods, Kobe Beef Association partner to launch halal-certified beef in Saudi Arabia

Updated 41 min 47 sec ago
Follow

Fam Foods, Kobe Beef Association partner to launch halal-certified beef in Saudi Arabia

  • As part of the event, Fam Foods announced the upcoming opening of Hocho, a premium Kobe and wagyu-based restaurant set to launch in Via Riyadh

RIYADH: The introduction of halal-certified Kobe beef to the Saudi market was marked by an exclusive evening at the residence of Morino Yasunari, the Japanese ambassador to Saudi Arabia.

The event was hosted by Fam Foods, the only authorized reseller in the Kingdom, in collaboration with the Kobe Beef Association and highlighted the deepening cultural and culinary partnership between Japan and Saudi Arabia.

Guests enjoyed a unique atmosphere that blended heritage and contemporary celebration. They were welcomed with traditional Saudi coffee, a gesture reflecting the nations’ shared value of hospitality, while the decor also combined their traditions.

They were also treated to a culinary journey featuring authentic Japanese techniques, including teppanyaki preparations demonstrating the artistry and meticulous craftsmanship behind Kobe beef. The renowned Kimono Butcher captivated the audience with a masterful demonstration of beef cutting, symbolizing the precision and dedication synonymous with Japanese culinary heritage.

Princess Muneera Al Rasheed, chairwoman of Fam Foods, said during her address: “This evening celebrates more than just the introduction of halal-certified Kobe beef; it embodies the rich culinary and cultural partnership between Japan and Saudi Arabia. At Fam Foods, we are committed to innovating while safekeeping tradition — together, we are transforming premium dining experiences in the Kingdom.”

Shinnosuke Murakami, president of the Sanda Meat Center Export Expansion Consortium which oversees the export of Kobe from Japan, said: “Kobe beef represents the pinnacle of Japanese wagyu beef, renowned worldwide for its exceptional flavor, rich aroma and unparalleled tenderness.

“We are deeply grateful to His Royal Highness Faisal bin Bandar bin Sultan Al Saud, Her Highness Princess Muneera Al Rasheed, and the Fam Foods team for their ongoing support in this partnership and providing us the opportunity to share this wonderful delicacy with the people of Saudi Arabia and the Arab world.”

Traditional performances also added depth to the evening, connecting attendees to the cultural roots of Japan, with the serene melodies of a koto performance and the elegance of a flute recital bringing the event to life.

As part of the event, Fam Foods announced the upcoming opening of Hocho, a premium Kobe and wagyu-based restaurant set to launch in Via Riyadh. The venture is set to redefine Japanese dining in Saudi Arabia, offering an elevated culinary experience that brings the artistry of Japanese beef to the forefront.


Emir of Kuwait sends King Salman GCC Summit letter

Updated 27 November 2024
Follow

Emir of Kuwait sends King Salman GCC Summit letter

  • Message delivered to minister during meeting in Riyadh

RIYADH: King Salman has received a letter from the Emir of Kuwait Sheikh Meshal Al-Ahmad Al-Sabah inviting him to the Gulf Cooperation Council Summit.

The message was delivered to Minister of State Prince Turki bin Mohammed bin Fahd during a meeting in Riyadh on Tuesday with Kuwait’s Foreign Minister Abdullah Ali Al-Yahya.

The two sides held cordial talks and discussed issues of common interest.

The 45th GCC Summit takes place in Kuwait on Sunday.


King Salman asks people of Saudi Arabia to pray on Thursday for rain

Updated 27 November 2024
Follow

King Salman asks people of Saudi Arabia to pray on Thursday for rain

RIYADH: King Salman called on Muslims in Saudi Arabia to pray on Thursday for rain, the Saudi Press Agency reported.

“Everyone who is able should be keen to perform the prayer, in accordance with the tradition of Prophet Muhammad,” the Royal Court said.

Muslims are often asked to pray for rainfall in times of drought or other water shortages.


Global Harmony event concludes with celebration of Egyptian culture in Riyadh

Updated 26 November 2024
Follow

Global Harmony event concludes with celebration of Egyptian culture in Riyadh

  • Saudi Arabia and Egypt continue to strengthen their political relationship through agreements in trade, tourism, energy and culture

RIYADH: The Global Harmony initiative concludes its third edition with a week-long celebration of Egyptian music, art and tradition in Suwaidi Park as part of Riyadh Season.

Running from Nov. 24-30 and organized by the Ministry of Media, the event invites visitors to experience Egypt’s rich heritage through a range of cultural activities.

Speaking to Arab News, Egyptian Ambassador to Saudi Arabia Tarek El-Meligy highlighted the deep-rooted connection between the two nations. “The Egyptian community is the most harmonious, coexistent and understanding in a positive way within Saudi society,” he said.

“If you ask any Egyptian which country they would like to live in after Egypt, they will say Saudi Arabia.”

The Egyptian ambassador to Saudi Arabia visits the Egyptian festival at Riyadh’s Suwaidi Park, held as part of the Global Harmony initiative on Nov. 24, 2024. (AN photo by Huda Bashatah)

Sarry Shaaban, an executive and consultant at the General Entertainment Authority, said: “We are talking about millions of visitors, both residents and Saudis, entering the park. Whether I’m a resident, a Saudi or from a country hosting the event, it provides an opportunity for residents to learn about your culture, colors, explore its arts, food, crafts, and traditional industries.”

Live music and dance performances displaying Egypt’s cultural traditions, with the rhythm of drums and flutes and performers in traditional costumes, have brought the life and spirit of Cairo’s streets to Riyadh.

A separate bazaar area has been set up featuring Egyptian cuisine, traditional clothing and handcrafted items.

Performers showcase traditional Egyptian folk costumes and dances during celebrations at Riyadh’s Suwaidi Park, part of the Global Harmony Initiative, on Nov. 24, 2024. (AN photo by Huda Bashatah)

“An event like this carries positive messages and highlights something we strive to emphasize every day, that we are one people, united by love and affection,” said El-Meligy.

Egyptian Sameh Nabil emphasized the feel of unity: “This initiative brought us closer together as Egyptians, and with Saudis here, I feel like we are brothers. I always feel like we are not expatriates.”

And visitor Khaled Zahir said: “This event reflects the love, connection and affection between Egyptians living in the Kingdom and Saudis.”

Performers in Egyptian attire take part in a parade at Riyadh’s Suwaidi Park, celebrating Egyptian culture as part of the Global Harmony initiative on Nov. 24, 2024. (AN photo by Huda Bashatah)

Egyptians make up 11 percent of Saudi Arabia’s population, according to the Saudi Census, meaning such exhibitions are important in promoting mutual respect and harmony.

El-Meligy said Saudi Arabia hosted the largest Egyptian expatriate community abroad, with remittances from those in the Kingdom forming a significant part of their home nation’s income.

“In recent months, remittances from Egyptians abroad have increased substantially, thanks to the facilities between the two countries and the confidence in both the Saudi and Egyptian economies,” he added.

Performers in Egyptian attire take part in a parade at Riyadh’s Suwaidi Park, celebrating Egyptian culture as part of the Global Harmony initiative on Nov. 24, 2024. (Photo/@RiyadhSeason)

Saudi Arabia and Egypt continue to strengthen their political relationship through agreements in trade, tourism, energy and culture. In his October visit to Cairo, Saudi Crown Prince Mohammed bin Salman met with Egyptian President Abdel Fattah El-Sisi to discuss investment opportunities and the establishment of a supreme coordination council to deepen bilateral relations.

Trade between Saudi Arabia and Egypt saw a 35.16 percent annual increase in the first half of 2024, according to the General Authority of Statistics. The increase was driven by a 73.44 percent surge in Saudi imports from Egypt, totaling $4.18 billion.

Egypt has also shown a growing interest in investing in Saudi Arabia, with a 71 percent rise in licenses granted to Egyptian firms in the second quarter of 2024.

The festival, which began in October, highlights the lives, contributions and cultural integration of its residents. So far, it has celebrated cultures including Indian heritage and moving through Philippine, Indonesian, Pakistani, Yemeni, Sudanese, Bangladeshi, Jordanian, Lebanese and Syrian traditions.

 


Riyadh Expo 2030 provides progress update to international exhibitions regulator BIE

The General Director of the Expo 2030 Riyadh Support Office, Abdulaziz Alghannam, speaks at the 175th general assembly meeting.
Updated 26 November 2024
Follow

Riyadh Expo 2030 provides progress update to international exhibitions regulator BIE

  • Members of Riyadh Expo 2030 update Bureau International des Expositions on progress toward hosting the event

RIYADH: A Saudi delegation representing Riyadh Expo 2030 took part in a Bureau International des Expositions meeting on Tuesday to review the Kingdom’s readiness to host the global event.

In November 2023, Saudi Arabia won the bid to host the 2030 World Expo between October 2030 and March 2031 in the capital, Riyadh.

The Riyadh Expo 2030 delegation took part in the 175th general assembly meeting of the BIE, a Paris-based intergovernmental organization which oversees and regulates World Expos, the Saudi Press Agency reported.

They updated senior officials of the BIE about the latest Saudi developments and preparations for hosting the event. They also discussed progress on work to accommodate an expected 246 exhibitors, including countries, organizations and companies, at a site north of Riyadh.

Under the theme “The Era of Change: Together for a Foresighted Tomorrow,” the event aims to be a unique platform for innovations and modern technologies which aim to find answers to challenges facing the planet in various fields, according to the Expo 2030 website.