Minister heads KSA’s delegation to 4th Saudi-Swiss Financial Dialogue in Zurich

Saudi Minister of Finance Mohammed Al-Jadaan speaks at the fourth Saudi-Swiss Financial Dialogue in Zurich. (Supplied)
Saudi Minister of Finance Mohammed Al-Jadaan speaks at the fourth Saudi-Swiss Financial Dialogue in Zurich. (Supplied)
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Updated 21 June 2024
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Minister heads KSA’s delegation to 4th Saudi-Swiss Financial Dialogue in Zurich

Saudi Minister of Finance Mohammed Al-Jadaan speaks at the fourth Saudi-Swiss Financial Dialogue in Zurich. (Supplied)

ZURICH: Saudi Minister of Finance Mohammed Al-Jadaan led the Kingdom’s delegation at the fourth Saudi-Swiss Financial Dialogue, recently held in Zurich. Senior officials from the Ministry of Finance, Saudi Central Bank, Insurance Authority, Financial Sector Development Program, and Fintech Saudi were part of the delegation.

Al-Jadaan, alongside Swiss counterpart Karin Keller-Sutter, inaugurated the event, highlighting its importance in strengthening economic and financial ties. The Saudi minister noted Switzerland’s role as a trading partner with over 100 companies in the Kingdom.

 

 


Three Zakat, Tax, and Customs Authority employees arrested after receiving bribes: Nazaha

Three Zakat, Tax, and Customs Authority employees arrested after receiving bribes: Nazaha
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Three Zakat, Tax, and Customs Authority employees arrested after receiving bribes: Nazaha

Three Zakat, Tax, and Customs Authority employees arrested after receiving bribes: Nazaha

RIYADH: Three employees of the Zakat, Tax, and Customs Authority at the King Abdullah Port in Rabigh have been arrested after receiving bribes from six residents.

The bribes amounted to SR2,232,000 ($594,814) and were received in instalments in exchange for facilitating the smuggling and export of 372 shipping containers of restricted petroleum products (diesel), and using the names of commercial entities in the smuggling process.

Legal procedures against the three employees and six residents are underway in accordance with the laws and regulations, the Oversight and Anti-Corruption Authority (Nazaha) said on Sunday.

The names of the employees, who are citizens, are:

1. Rashid Mohammed Al-Shabrami

2. Mohammed Ahmed Al-Jizani

3. Saleh Hamoud Al-Harbi

The names of the residents are:

1. Osama Mohsen Al-Olaqi (Yemeni resident)

2. Abdulaziz Omar Al-Qaeti (Yemeni resident)

3. Hussein Omar Al-Qaeti (Yemeni resident)

4. Fouad Salahuddin Bair (Pakistani resident- investor)

5. Mohammad Ghanim Al-Manla (Syrian resident)

6. Saeed Awad Bazbaidi (Yemeni resident)


Saudi Arabia condemns knife attack on Comoros president

Saudi Arabia condemned in the strongest terms on Sunday the attempted assassination of Comoros President Azali Assoumani.
Saudi Arabia condemned in the strongest terms on Sunday the attempted assassination of Comoros President Azali Assoumani.
Updated 15 September 2024
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Saudi Arabia condemns knife attack on Comoros president

Saudi Arabia condemned in the strongest terms on Sunday the attempted assassination of Comoros President Azali Assoumani.
  • President of Comoros was “slightly injured” in a knife attack while attending the funeral of a religious leader on Friday
  • Kingdom’s Foreign Ministry wished the president a speedy recovery

RIYADH: Saudi Arabia condemned in the strongest terms on Sunday the attempted assassination of Comoros President Azali Assoumani.
The president of the Indian Ocean island nation was “slightly injured” in a knife attack while attending the funeral of a religious leader on Friday, his office said.
The suspect, who was identified as a 24-year-old male soldier, was then found dead in a police cell on Saturday.
The Kingdom affirmed its support for Comoros and its people in the face of all threats to its security and stability.
The Kingdom’s Foreign Ministry wished the president a speedy recovery and the country’s people safety, stability, and prosperity.
Assoumani’s injuries were not serious and he had returned to his home, his office has said in a statement. It added that the attacker was arrested by security forces and was taken into custody, but authorities said he had been discovered a day later “unresponsive” in a cell where he was being held and was declared dead.


Egyptian PM arrives in Riyadh

Egyptian PM arrives in Riyadh
Updated 15 September 2024
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Egyptian PM arrives in Riyadh

Egyptian PM arrives in Riyadh
  • Madbouly and accompanying delegation were received by the Deputy Governor of the Riyadh region

RIYADH: The Egyptian Prime Minister Mostafa Madbouly arrived in Riyadh on Sunday, Saudi Press Agency reported.

Madbouly and his accompanying delegation were received by the Deputy Governor of the Riyadh region, Prince Mohammed bin Abdulrahman bin Abdulaziz.

The Saudi ambassador to Egypt Saleh bin Eid Al-Husseini and Egyptian envoy to the Kingdom Ahmed Farouk Mohammed Tawfik also welcomed Madbouly on his arrival.

 


New diploma in data science, AI to empower future tech leaders

Tuwaiq Academy in Riyadh, in partnership with Meta, has launched the first diploma in data science and artificial intelligence.
Tuwaiq Academy in Riyadh, in partnership with Meta, has launched the first diploma in data science and artificial intelligence.
Updated 15 September 2024
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New diploma in data science, AI to empower future tech leaders

Tuwaiq Academy in Riyadh, in partnership with Meta, has launched the first diploma in data science and artificial intelligence.
  • The program aims to equip students with the skills needed to excel in these growing fields
  • Diploma will start in December 2024 and run for nine months

JEDDAH: Tuwaiq Academy in Riyadh, in partnership with Meta, has launched the first diploma in data science and artificial intelligence.

The program aims to equip students with the skills needed to excel in these growing fields, the Saudi Press Agency reported on Sunday.

Accredited by the Technical and Vocational Training Corp., the diploma will start in December 2024 and run for nine months. It offers practical skills in a competitive learning environment tailored to market needs.

Participants will study machine learning, data analysis with Python and Tableau, AI system development, and big data management. These skills will help students create innovative tech solutions for various societal needs.

Jouelle Awad, head of public policy programs for Africa, the Middle East and Turkiye at Meta, praised the partnership with the academy. The collaboration aims to launch educational programs with professional certifications to enhance the skills of Saudi youth and foster innovation and creativity across sectors.

The academy has recently launched more than 160 camps and programs in various technical fields, underscoring its commitment to diverse educational opportunities.

Tuwaiq Academy CEO Abdulaziz Al-Hamadi said that the data science and AI diploma reinforces the academy’s leading role in providing educational pathways through boot camps and professional programs.

In August, the academy launched a machine-learning bootcamp in partnership with Stanford University, starting on Sept. 30 and running for two and a half months.

Held at the academy’s Riyadh campus, the bootcamp aims to enhance participants’ technical skills in machine-learning fundamentals.

The program includes stages focusing on large-scale graph analysis, graph data structures and applications, graph neural networks, and tools for graph-based machine learning.

Participants will solve real-world problems and top performers will have job placement opportunities.

Established in 2019, Tuwaiq Academy works with more than 1,000 in-person trainees daily and offers professional certifications in collaboration with global organizations such as Apple, Meta, Amazon, Alibaba, Dell, CompTIA, OffSec, IBM and Microsoft.

The academy is dedicated to developing skilled professionals, university students and graduates, with a focus on fostering technical creativity, even at high-school level.


Saudi fund backs $41m revamp of Dominica’s capital

Saudi fund backs $41m revamp of Dominica’s capital
Updated 15 September 2024
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Saudi fund backs $41m revamp of Dominica’s capital

Saudi fund backs $41m revamp of Dominica’s capital
  • Infrastructure Rehabilitation Project to boost growth, connectivity and job creation in Roseau

RIYADH: The Saudi Fund for Development signed a loan agreement on Sunday with Dominica to finance the $41 million Infrastructure Rehabilitation Project in Roseau, the capital city.

The project is expected to drive socio-economic growth and improve the quality of life, according to the Saudi Press Agency.

The agreement was signed by the fund’s CEO Sultan Al-Marshad and Dominican Minister of Finance Irving McIntyre.

Dominica’s Prime Minister Roosevelt Skerrit delivered a keynote address at the ceremony, expressing gratitude for Saudi Arabia’s support and acknowledging the fund’s role in the project.

The project involves rehabilitating seven main streets, improving road connectivity, and enhancing safety and access to basic services.

It will also contribute to commercial and residential development and create jobs, SPA reported.

The project aligns with the UN’s Sustainable Development Goals and demonstrates the fund’s commitment to supporting development in Dominica and other Small Island Developing States.

Al-Marshad said: “We wish Dominica continued growth and prosperity. May this project drive positive change and sustainable development.”

McIntyre said: “The project is a critical step in addressing the challenges facing Roseau. It is expected to increase social and economic productivity.2

The Saudi fund, celebrating its 50th anniversary, has financed over 800 projects in 100 countries. Since 2023, it has extended development loans to 10 new Small Island Developing States.