RIYADH: Sherif Ismail, the Egyptian prime minister, has announced that Egypt received a deposit of $2 billion from Saudi Arabia in September. Earlier this month, Egypt’s central bank announced that the country’s foreign exchange reserves rose from $16.564 billion in late August to $19.582 billion by the end of September, after receiving the deposit from the Kingdom.
Economists said that the role played by the Kingdom helped Egypt and its economy to stand on its feet again after the deteriorating situation that hit the Egyptian economy in recent years. They pointed out that this deposit confirms that the Kingdom will not abandon Egypt and will support it in all eventuality.
Adel Hanafi, vice president of the Egyptian Union in Saudi Arabia, said that the depth of the relationship between Egypt and Saudi Arabia throughout history is no secret, pointing out that there is a vigorous attempt to hit at this cooperation, especially since these two are the most important countries in the Arab world. He stressed the importance of unity and warned against listening to rumors.
Ahmed Kojak, vice minister of finance for financial policies, said that the step taken by the Kingdom to support the Egyptian economy is priceless as there was also significant progress in supporting the Egyptian economy by G-7 countries and other friendly nations such as the UAE and China. This economic assistance helped in achieving significant progress to secure Egypt’s economy by $6 billion to bridge the financial gap during the year 2016-2017.
Ambassador Gamal Bayoumi, secretary-general of the Union of Arab Investors, said that the deposit from Saudi Arabia reveals the truth about Saudi-Egyptian ties, and the continued support of the Kingdom, and it is necessary to refute the various rumors about bilateral relations between the two countries. Bayoumi pointed out that media rumor mongering will not succeed in dislodging Egyptian-Saudi Arabian relations, particularly on the economic side. Relations between the two countries are based on the foundations of a solid understanding.
Mahmoud Al-Aptanoni, an economist at Future Academy, said that the Saudi deposit of $2 billion had a deep impact on the rise in foreign reserves to approach $20 billion. He said he is convinced that the recent political events will not affect the well-established relations between Egypt and Saudi Arabia.
$2 billion deposit confirms strong Saudi-Egyptian ties
$2 billion deposit confirms strong Saudi-Egyptian ties
Saudi ambassador presents credentials to Ukraine’s president
RIYADH: Saudi Arabia’s ambassador to Ukraine, Mohammed bin Abdulaziz Al-Barakah, presented his credentials to Ukrainian President Volodymyr Zelensky, at a ceremony held in the Ukrainian capital, Kyiv.
Ambassador Al-Barakah conveyed the greetings of King Salman and Crown Prince Mohammed bin Salman to President Zelensky along with their wishes for continued progress and prosperity for the government and people of Ukraine.
Saudi artist crafts Madinah’s culture in resin
RIYADH: Resin art, a crafting technique using the liquid form of the substance to create 3D objects or glossy coatings, has gained widespread popularity. When mixed with a hardener, resin solidifies, forming a glass-like finish.
Elyan Al-Aufi, a citizen from Madinah and a visual arts graduate of Taibah University, has significantly contributed to the medium, the Saudi Press Agency reported.
Her pieces reflect Madinah’s culture, incorporating local elements including Madani script, roses, mint and basil.
Travelers to Madinah and the Prophet's Mosque often purchase her art as souvenirs, including keychains, jewelry, wall clocks, decorative pieces, and prayer beads, the SPA reported.
Resin art is versatile, used to create accessories and jewelry — such as necklaces, rings and earrings — via special molds. It is also key to paintings made with pouring techniques, producing distinctive results.
Resin is popular in household items including tables and trays, often featuring natural elements such as flowers or wood. It also used to preserve memorabilia and natural objects including leaves, photos and other items.
With its glass-like transparency and glossy finish, resin art allows creative use of colors, dyes, and natural elements such as flowers and shells. It produces durable, timeless pieces.
Kingdom honors Qur’an contest winners in Nepal
RIYADH: Saudi Arabia’s Ministry of Islamic Affairs recently honored winners of a Qur’an memorization competition in Nepal, involving more than 750 contestants and with 18 winners in four categories for boys and girls.
The competition, supervised by the Saudi Embassy in Kathmandu and coordinated with Nepal’s Muslim Commission, concluded with awards presented by the ministry’s undersecretary, Awad Al-Anzi.
Saudi Ambassador to Nepal Saad Nasser Abu Haimed and Nepal’s Speaker of the House of Representatives Dev Raj Ghimire attended the ceremony, alongside Islamic leaders, diplomats and parliamentarians.
The event featured Qur’an recitations by contestants and highlighted the Kingdom’s efforts to promote the Qur’an globally, the Saudi Press Agency reported.
Al-Anzi reiterated the Kingdom’s commitment to Islam’s values of justice, mercy and kindness and emphasized its longstanding support for Qur’an-related initiatives, including competitions and free distribution through the King Fahd Qur’an Printing Complex in Madinah.
Abu Haimed praised the competition as part of Saudi Arabia’s dedication to the Qur’an and congratulated the winners.
Participants expressed gratitude for the Kingdom’s support of Islam and encouragement of Qur’an memorization and recitation.
Qassim craftsmen shine at Security Oasis exhibition
RIYADH: The Qassim municipality pavilion at the Ministry of Interior’s Security Oasis exhibition, held alongside the King Abdulaziz Camel Festival, impressed visitors with a stunning display of wooden sculptures.
The intricate works show the region’s cultural heritage and the exceptional craftsmanship of local artisans, the Saudi Press Agency reported on Tuesday.
Characterized by exquisite detail, the sculptures demonstrate the remarkable skill of Qassim’s craftsmen in transforming wood into captivating art that blends authenticity and creativity.
The display reflects the strong support provided by the municipality and the Heritage Commission to local artisans, according to the SPA.
By fostering this talent, the region promotes a thriving creative environment and ensures Qassim’s heritage reaches a wider audience through events such as this festival.
The exhibition runs in Al-Sayahid, northeast of Riyadh, until Dec. 31.
Saudi Arabia chairs first meeting of Council of Arab Cybersecurity Ministers in Riyadh
- Head of Kingdom’s National Cybersecurity Authority says aim of Saudi proposal to establish council is to safeguard vital regional interests and foster cooperation
- Participants include senior officials and ministers in Arab League states, and the organization’s secretary-general, Ahmed Aboul Gheit
RIYADH: Saudi Arabia, represented by Majid Al-Mazid, governor of the National Cybersecurity Authority, chaired the inaugural session of the Council of Arab Cybersecurity Ministers in Riyadh on Monday.
The participants included senior officials and ministers responsible for cybersecurity in member states of the Arab League, as well as Ahmed Aboul Gheit, the organization’s secretary-general.
In his opening speech, Al-Mazid emphasized the Kingdom’s commitment to enhancing Arab security through collaboration in the cybersecurity sector, the Saudi Press Agency reported.
He added that the Saudi proposal that led to the establishment of the council was rooted in a vision for safeguarding the vital interests of the region and fostering cooperation among Arab nations.
Al-Mazid said cybersecurity is not only a pillar of national security but essential for ensuring prosperity, development and stability across the Arab world.
“The Arab leaders’ support for the establishment of this council is a clear affirmation of the importance of cybersecurity in creating a secure and prosperous future for our countries,” he added.
Al-Mazid thanked King Salman and Crown Prince Mohammed bin Salman for their support and guidance in promoting Arab cooperation and enhancing regional security.
Aboul Gheit underscored the sense of urgency required in efforts to strengthen joint Arab efforts relating to cybersecurity, particularly in the face of evolving global threats and challenges.
He said that collective action will be key to building a resilient and secure cybersecurity framework for the region, expressed confidence that the council will prove to be a vital addition to Arab national security systems, and commended Saudi Arabia for its leadership in launching the initiative.
The council reviewed a number of working papers submitted by member states and made several key decisions during its inaugural session. One of the primary outcomes was the initiation of efforts to develop an Arab Cybersecurity Strategy, with the aim of providing a unified approach to challenges across the region.
The council also approved plans for member states to conduct joint cyber-related exercises, and the operational structure and mechanisms of the council were formalized.
