Tag: Saudi Arabia

  • PM Shehbaz, Saudi Crown Prince agree on mutual cooperation in investment, energy, and trade

    PM Shehbaz, Saudi Crown Prince agree on mutual cooperation in investment, energy, and trade

    Prime Minister (PM) Shehbaz Sharif and Saudi Crown Prince Mohammed Bin Salman exchanged views to enhance bilateral cooperation between the two countries during a telephonic conversation.

    Pakistan and Saudi Arabia have agreed to intensify mutual cooperation in the fields of investment, energy, and trade, Radio Pakistan reported.

    According to a Financial Times report, the IMF and Saudi Arabia have also discussed the possibility of Islamabad being able to borrow up to $2.8 billion against Riyadh’s quota of Special Drawing Rights (SDRs) at the Fund after Saudi Arabia’s decision to renew $3 billion deposit at the State Bank of Pakistan.

    “Once finalised, Pakistan’s extent of borrowing from the IMF during the present financial year (July to June) will increase by $2.8bn. This will be a very important gesture,” read the report.

    On the occasion of the 75th Independence Day of Pakistan, Saudi Arabia’s King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman congratulated the Pakistani nation.

  • Crown prince of Dubai goes unnoticed while travelling on London tube

    Crown prince of Dubai goes unnoticed while travelling on London tube

    Crown Prince of Dubai Sheikh Hamdan bin Mohammed Al Maktoum recently went on vacation with his family and friends in London. Sheikh Hamdan is also known as Fazza.

    During his trip, the Crown Prince and his close friend Badr Ateej had a ride on the London tube.

    He shared the pictures on his official Instagram.

    “We’ve got a long way to go and Badr is already bored,” he said in the caption.

    None of the fellow passengers appeared to recognise the prince.

    Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum also joined Hamdan on vacation in London. Hamdan on his Instagram shared a picture with his father and his two children.

  • Army chief reaches out to Saudi, UAE authorities to discuss IMF programme

    Army chief reaches out to Saudi, UAE authorities to discuss IMF programme

    Chief of Army Staff (COAS) General Qamar Javed Bajwa has spoken with the rulers of two Gulf countries — the Kingdom of Saudi Arabia (KSA), and the United Arab Emirates (UAE) — to discuss the International Monetary Fund (IMF) programme.

    According to media reports, the extended fund facility worth $1.2 billion with the IMF was discussed with the Gulf countries, including the upcoming executive board meeting of the IMF, which is expected to ratify the loan programmme.

    It is pertinent to mention that the loan programme reportedly came under discussion and a positive development is expected for Pakistan soon.

    The development has taken place a week after the COAS was reported to have reached out to US Deputy Secretary of State Wendy Sherman over resuming the programme with IMF. He appealed to the US to help Pakistan secure an early dispersal of $1.2 billion in funds.

  • Six Pakistani nationals convicted of violating sanctity of Masjid-e-Nabawi

    Six Pakistani nationals convicted of violating sanctity of Masjid-e-Nabawi

    At least six Pakistani nationals have been convicted of violating the sanctity of the Masjid-e-Nabawi (PBUH) in Madinah during Prime Minister (PM) Shehbaz Sharif’s visit to Saudi Arabia, reports Geo News.

    According to media reports, a court in Madinah gave three Pakistani nationals — Anas, Irshad, and Muhammad Saleem — 10 years of jail term, while the other three — Khawaja Luqman, Muhammad Afzal, and Ghulam Muhammad — have been given eight-year sentences.

    A fine of Saudi Riyal 20,000 each has been imposed on the convicts and their mobile phones have also been confiscated.

    In April, during PM Shehbaz Sharif’s visit to Saudi Arabia, a group of protesters chanted slogans of “chor, chor (thieves)” when they saw the premiere and Information Minister Marriyum Aurangzeb.

    Responding to the incident in Saudi Arabia, Aurangzeb said that there was a specific group that chanted those slogans. She also said that she prayed for those people at Masjid-e-Nabawi.

    In videos that were widely shared on social media, the Pakistani delegation, including Marriyum Aurangzeb, was seen surrounded by people yelling “chor chor”.

  • Saudi Arabia unveils plans for AI-powered 160-km-long ‘skyscraper megacity’

    Saudi Arabia unveils plans for AI-powered 160-km-long ‘skyscraper megacity’

    The centerpiece of the futuristic Neom site near the Gulf of Aqaba, the development’s extraordinary ambition was further revealed this week when Mohammed bin Salman, the kingdom’s crown prince, outlined key components of what he intends to be one of the most ambitious urban developments ever constructed.

    Since it was first unveiled in 2017, Neom has drawn attention for its futuristic features, like flying taxis and robot maids, even as economists and architects have questioned its viability.

    The 500-meter-high, 200-meter-wide building, a car-free, carbon-neutral bubble that will claim nearly 100 per cent sustainability and a moderate, controlled microclimate, will use artificial intelligence at its core, according to the Saudis.

    Environmentalists have expressed scepticism in the past about the kingdom’s environmental commitments, such as a promise to reach net zero carbon emissions by 2060.

    What had previously been an idea that even some of the project’s planners had difficulty visualising has now been given colour through multimedia presentations. The slickly rendered videos depict a megacity with hanging gardens that somewhat mimic the Death Star.

    In addition to having access to other benefits like outdoor skiing facilities and a “high-speed train with an end-to-end travel of 20 minutes,” residents will be able to access “all everyday requirements” within a five-minute walk.

    Saudi officials claim they have no plans to lift the nation’s prohibition on alcohol, despite the fact that Neom will function under its own foundation statute, which is currently being created.

    Prince Mohammed’s efforts to change the kingdom from an oil-dependent economy and conservative society that he believes are unfit to propel the Kingdom forward are centred on his vision for modern living.

    According to Prince Mohammed, the project’s “first phase” would cost 1.2 trillion Saudi riyals, or roughly £265 billion. It would last until 2030. He noted that in addition to government grants, other potential funding sources included the private sector and Neom’s anticipated IPO in 2024.

    He said that Neom may create up to 380,000 jobs in the face of a growing population and a sizable proportion of young people looking for work.

    According to Saudi estimates, the kingdom’s population might reach 50 million by 2030, with more than half of them being foreigners. The present population of Saudi Arabia is little about 35 million.

  • ‘I am not personally responsible for Khashoggi’s  murder,’ Saudi Crown Prince tells Biden

    ‘I am not personally responsible for Khashoggi’s murder,’ Saudi Crown Prince tells Biden

    United States (US) President Joe Biden on Friday fist bumped Saudi Crown Prince Mohammed bin Salman as he arrived for talks aimed at repairing the relationship between the US and the Kingdom of Saudi Arabia. and shared a fist bump. Biden is in Saudi Arabia for a Summit with the Gulf Cooperation Council (GCC) Council (GCC) countries plus Egypt, Iraq, and Jordan.

    In a brief press conference following his closed-door meeting with the Crown Prince Mohammed bin Salman, Biden told reporters that he discussed journalist Jamal Khashoggi’s murder among other things.

    Saudi Arabia opens airspace for Israel:

    “The Saudis will open their airspace to all civilian carriers. That is a big deal. A big deal. Not only symbolically, but substantively, it’s a big deal. It means Saudi airspace is now open to flights to and from Israel. This is the first tangible step in the path of what I hope will eventually be a broader normalisation of relations.”

    On Yemen:

    “We agreed to work together to deepen and extend the Yemen ceasefire. And you know there’s been — there’s carnage been in Yemen of late. And it’s been in place more than three months, resulting in the most peaceful period in Yemen in seven years.”

    “We further agreed to pursue a diplomatic process to achieve a wider settlement in Yemen. The Saudi — and Saudi leadership also committed to continue to facilitate the delivery of food and humanitarian goods to civilians. In this context, we discussed Saudi Arabia’s security needs to defend the Kingdom, given very real threats from Iran and Iran’s proxies.”

    Saudi investment in US-led technology:

    “We concluded several new arrangements to better position our nations for the coming decades. Saudi Arabia will invest in new US-led technology to develop and secure reliable 5G and 6G networks, both here and in the future, in developing countries to coordinate with the Partnership for Global Initiative — the Global Infrastructure and Investment, which I put together at the G7. This new technology solution for 5G, called Open RAN, will outcompete other platforms, including from China.”

    New cooperation on energy security:

    “Saudi Arabia will also partner with us on a far-reaching clean energy initiative focused on green hydrogen, solar, carbon capture, nuclear, and other projects to accelerate the world’s clean energy transition and to help the US clean energy industry set global standards.”

    “And fifth, we had a good — we had a good discussion on ensuring global energy security and adequate oil supplies to support global economic growth. And that will begin shortly. And I’m doing all I can to increase the supply for the United States of America, which I expect to happen. The Saudis share that urgency, and based on our discussions today, I expect we’ll see further steps in the coming weeks.”

    Khashoggi Murder:

    “With respect to the murder of Khashoggi, I raised it at the top of the meeting, making it clear what I thought of it at the time and what I think of it now. And it was exactly — I was straightforward and direct in discussing it. I made my view crystal clear. I said very straightforwardly: for an American President to be silent on an issue of human rights, is this consistent with — inconsistent with who we are and who I am? I’ll always stand up for our values.”

    While answering a question about Crown Prince’s response to hiss comments about Khashoggi, Biden said, “He basically said that he was not personally responsible for it. I indicated that he probably was. He said he was not personally responsible for it and he took action against those who were responsible. And — and we — and then I went on to talk more about how that dealing with any opposition to the — or criticism of the Saudi administration in other countries was viewed as, to me, a violation of human rights. There was no (inaudible).”

    “The blood of MBS’s next victim is on your hands,” a reported narrated these comments by Khashoggi’s wife about Biden’s visit and asked Biden that what he had to say about it.

    “I’m sorry she feels that way. I was straightforward back then. I was straightforward today,” replied Biden.

    “I didn’t come here to meet with the Crown Prince.  I came here to meet with the GCC and nine nations to deal with the security and the needs of the free world, and particularly the United States, and not leave a vacuum here, which was happening as it has in other parts of the world.”

    He was also asked if he regrets calling the Saudis a “pariah” during his campaign.

    “I don’t regret anything I said,” Biden responded.

  • All airlines will be allowed to fly in Saudi Arabia’s airspace including from Israel

    All airlines will be allowed to fly in Saudi Arabia’s airspace including from Israel

    Saudi Arabia announced that it would open its airspace to all air carriers, allowing for more overflights to and from Israel.

    US President Joe Biden, who is scheduled to visit the kingdom today, applauded the decision.

    According to the Saudi General Authority of Civil Aviation (GACA), all airlines that fulfill the country’s overflight requirements are now allowed to use the country’s airspace, in accordance with international agreements that forbid discrimination between civil aircraft.

    As per a statement from GACA, the choice will complement the efforts aimed at consolidating the kingdom’s position as a global hub connecting three continents and to enhance international air connectivity. Some flights to and from Israel had longer flight times and used more fuel as a result of flying over Saudi Arabia.

    US President Joe Biden praised the choice, according to Jake Sullivan, the White House’s national security adviser. The security and prosperity of the United States and the American people, as well as the security and prosperity of Israel, are dependent on a more integrated, stable, and secure Middle East region, according to Sullivan.

    A source had earlier told Reuters that Saudi Arabia would soon allow Israeli airlines unrestricted overflight access and permit direct charter flights from Israel for Muslims taking part in the yearly hajj pilgrimage in Makkah.

    Saudi Arabia rejects Israel’s legitimacy and has made no mention of potential bilateral developments during Biden’s visit. Israel has likewise avoided making these connections.

    KSA had agreed in 2020 to permit flights between Israel and the United Arab Emirates to pass through its territory, despite the lack of official relations.

  • Pakistan aims to enhance Saudi oil facility to $3.6 billion

    Pakistan aims to enhance Saudi oil facility to $3.6 billion

    A spokesperson for the Petroleum Division said that Pakistan is in talks with Saudi Arabia to increase the size of an oil facility on deferred payments from its current $1.2 billion to $3.6 billion.

    According to The News, when former Prime Minister Imran Khan visited Riyadh in October of last year, Saudi Arabia made a $4.2 billion support agreement, which included a $1.2 billion oil loan facility for Pakistan.

    Syed Zakria Ali Shah, joint secretary of international and joint ventures at the Pakistani petroleum division, revealed that the division was attempting to increase the value of its current facility with Saudi Arabia from $1.2 billion to $3.6 billion.

    Pakistan receives monthly oil deliveries worth $100 million under the current Saudi oil facility with deferred payment. Oil prices were low when the deal was struck, but because of their exponential rise, we are currently negotiating with the Saudis to increase their oil facility from $100 million to $300 million every month.

    A member of the Islamic Development Bank (IsDB) group, the International Islamic Trade Finance Corporation (ITFC), Shah claimed Saudi Arabia was also assisting Pakistan in using another existing oil financing facility.

    The last framework agreement for this facility was signed between our economic affairs division and ITFC on February 21, 2022, according to Shah. “The government of Pakistan has this facility for oil and liquefied natural gas (LNG) imports under the framework agreement with ITFC since 2017–18,” he said.

    The facility will cost a total of $4.5 billion over three years, from 2022 to 2024, or roughly $1.5 billion per year on a best-effort basis, the official continued.

  • Gen Bajwa receives medal for his contributions by Saudi Arabia

    Gen Bajwa receives medal for his contributions by Saudi Arabia

    Saudi Crown Prince Mohammed Bin Salman, first deputy Prime Minister (PM) and minister of defence, decorated Chief of Army Staff (COAS) General Qamar Javed Bajwa with the King Abdulaziz Medal of Excellent Class for making “significant contributions in defence cooperation” between Pakistan and the Kingdom of Saudi Arabia (KSA).

    The medal was named after Saudi Arabia’s founding King Abdulaziz Al Saud and is considered the highest civilian honour in KSA. Recently, it was given to Chinese President Xi Jinping.

    Pakistan’s army chief visited Saudi Arabia on an official tour met with the Crown Prince in Jeddah on Saturday. They reviewed bilateral relations, especially in the military fields, and opportunities for developing them. They also discussed a number of issues of common interest.

    Following this, Prime Minister (PM) Shehbaz Sharif congratulated the COAS for being conferred the honour. “It is a great honour for the people and the armed forces of Pakistan,” he said in a tweet.

    In another tweet, he said Pakistan considers the security of Saudi Arabia “as our own and are completely resolved to further cementing our multifaceted bilateral relationship including excellent defence cooperation”.

    COAS Bajwa meets Musharraf:

    COAS General Qamar Javed Bajwa and his wife also paid a visit to former President and Army Chief General (retd) Pervez Musharraf in Dubai, reports emerged on Saturday.

    Gen Qamar and his wife were accompanied by top physicians of the Pakistan Army. They spent some time with Gen Musharraf and his family while the army doctors examined the former military ruler, reports The Express Tribune.

    Earlier this month, Musharraf’s family revealed that he is going through a difficult stage where recovery is not possible as his organs are malfunctioning.

    After this, the establishment and politicians, including Nawaz Sharif, came forward and were of the view that he should be brought back to Pakistan.

  • Joe Biden to visit Saudi Arabia after calling Kingdom ‘isolated’

    United States (US) President Joe Biden will make his first Presidential trip to the Kingdom of Saudi Arabia (KSA), Israel and the Palestinian West Bank next month from July 13-16, confirmed by the White House, reports Associated Press (AP).

    During this visit, Biden will meet Saudi King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman in KSA, Israeli Prime Minister (PM) Naftali Bennett in Jerusalem and Palestinian Authority leaders, including Mahmoud Abbas in the West Bank.

    Announcing the Middle East trip, White House press secretary Karine Jean-Pierre said, “King Salman invited Biden to visit the kingdom during a gathering in the port city of Jeddah of the six Gulf Cooperation Council nations.”

    The Saudi Embassy has said that Biden’s visit is “to strengthen the historical bilateral relations and the distinguished strategic partnership between” the two countries.

    In a statement, the Saudi Embassy stated: “The kingdom of Saudi Arabia looks forward to welcoming President Biden and defining the next chapters of our partnership. At a time of global challenges related to the global economy, health, climate and international conflict, the partnership between our two countries are as critical as ever to the promotion of peace, prosperity and stability around the world.”

    As a presidential candidate, Biden said the murder of journalist Jamal Khashoggi — a Saudi-born US resident who wrote critical articles about Saudi rulers in The Washington Post — had made KSA a “pariah.” When Biden took charge of the presidency, his administration made clear the president would avoid direct engagement with the crown prince and instead focus on his engagements with King Salman.