Skip to content
The Mindanao Examiner Regional Newspaper

The Mindanao Examiner Regional Newspaper

Title

Name

Primary Menu
  • Home
  • Mindanao
  • Visayas
  • National
  • Features
  • Opinion
  • Business
  • International
  • SciTech
  • Health & Wellness
  • Sports
  • About Us
    • Regional Advertising Rates
    • Contact Us
    • Profile
  • Home
  • International
  • Saudi plans to overcome challenges welcomed – Arab News
  • Featured
  • International

Saudi plans to overcome challenges welcomed – Arab News

Editor January 9, 2016

The Kingdom’s domestic and foreign policies outlined this week to meet economic and political challenges were welcomed by a broad spectrum of citizens, expatriates and experts on Friday.

The priorities of the government were unveiled by Deputy Crown Prince Mohammed bin Salman, second deputy premier and defense minister, in a wide-ranging interview published by The Economist magazine on Thursday.
Saudi Arabia’s plans for its economy amid dropping oil prices and tackling conflicts in the Middle East, including its gains to restore the legitimate government in Yemen, made headlines in the Kingdom and abroad, including on social networking sites.
The deputy crown prince had ruled out a war with Iran because it would be “catastrophic”; spelled out plans to diversify state income with various measures including the possibility of certain taxes and making Saudi Aramco public and launching job creation initiatives for citizens.
Mosad Al-Zayani, a Dubai-based Saudi journalist, said the Kingdom’s approach to Iran showed it was committed to stability in the region. He welcomed the economic initiatives outlined, including the move to shun dependence on oil revenues and the proposed Aramco privatization.

Mohsin Sheikh Al-Hassan, an author and public relations expert, praised the government for not wanting a war with Iran, but said Tehran must be “taught a lesson” for its destabilizing tactics with a boycott of its products.
He said the Kingdom’s exports stood at SR400 million to Tehran, whereas its imports amounted to SR685 million. “This has to be stopped because we can import these Iranian goods from other friendly countries,” he said.
Zakir Aazmi, an Indian expatriate and author, praised the deputy crown prince for dealing with every important policy area of the government, which he said reflects his “dynamic, visionary and energetic leadership.”
Naif Al-Rashid said the deputy crown prince had outlined initiatives that would ensure the country can effectively face up to political, social and economic challenges. “It is good that Aramco, linchpin of the oil market, goes public,” he said.
Seyed Hamid Moulana, a senior business executive, said it was clear that the government had an answer to all obstacles, including Iran’s “unnecessary” attempts to create tension in the region, and the fall in oil prices. He said he was “overwhelmed” by the analysis provided by the deputy crown prince.
In the interview, which was also translated into Arabic, the deputy crown prince had, in his capacity as head of the newly formed Council of Economic and Development Affairs, said the country was not facing an economic crisis.(MOHAMMED RASOOLDEEN)

Link: http://www.arabnews.com/featured/news/862571

fb-share-icon
Tweet 20

Continue Reading

Previous: Blazers coach Terry Stotts thinks Warriors will break 72-10 record – CBS News
Next: Don’t Use Politics For Business And Personal Interests – DPM – Bernama

Related News

Bountiful-harvest
  • Featured
  • Mindanao Post

Aquaponics to conservation: How a young farmer is growing change

Editor May 28, 2025
BLT-1
  • Business
  • Featured

Joy of Sharing: Jollibee Group Foundation Marks 20 Years of Impactful Partnerships and Progress

Editor May 22, 2025
Ursula-von-der-Leyen
  • International

EU to ban all Russian fossil fuel imports by 2027, says von der Leyen

Editor May 7, 2025

Trending News

Manny Pacquiao Returns to Rewrite History – The Fight That Will Inspire a Nation Pacquiao 1
  • Sports

Manny Pacquiao Returns to Rewrite History – The Fight That Will Inspire a Nation

May 29, 2025
Optum Philippines celebrates first anniversary of Davao Hub and Davaoeño talent MAJ03649 2
  • Business

Optum Philippines celebrates first anniversary of Davao Hub and Davaoeño talent

May 29, 2025
PhilHealth Speeds Up Payments, releases over P592M to NKTI in less than 5 Months PhilHealth1 3
  • Health

PhilHealth Speeds Up Payments, releases over P592M to NKTI in less than 5 Months

May 29, 2025
BARMM brings medical missions to IDP shelters in Marawi Health-mission 4
  • Mindanao Post

BARMM brings medical missions to IDP shelters in Marawi

May 28, 2025
911 in Camiguin town logs over 500 calls since January Service-expansion 5
  • Mindanao Post

911 in Camiguin town logs over 500 calls since January

May 28, 2025
  • Facebook
  • X
  • YouTube
  • Blog
Copyright © 2025. The Mindanao Examiner Regional Newspaper. All Rights Reserved. | MoreNews by AF themes.