Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Thursday, December 08, 2022

A Saudi-Chinese agreement to hold a summit between the two leaderships every two years and to sign agreements worth billions of dollars.. The Saudi Crown Prince affirms the Kingdom’s commitment to the “One China” policy

    Thursday, December 08, 2022   No comments

 

A Saudi diplomatic source in Riyadh told the German news agency that “the Saudi and Chinese sides agreed to hold a summit between the two leaderships every two years,” without disclosing further details.

The agreement comes during Chinese President Xi Jinping's visit to the Kingdom, which is the second, and it came at the invitation of Saudi King Salman bin Abdulaziz.

Saudi Crown Prince Mohammed bin Salman said today, Thursday, that Riyadh is firmly committed to the "one-China" principle and supports Beijing in protecting its sovereignty, security and territorial integrity.

  In a meeting with Chinese President Xi Jinping, bin Salman said: “The Kingdom of Saudi Arabia is firmly committed to the principle of ‘One China’, supports China in defending its sovereignty, security and territorial integrity, supports the measures and efforts that China is making to de-radicalize, and strongly opposes external interference in China's internal affairs under the pretext of protecting human rights,” according to China Central Television, according to Sputnik.

Chinese Foreign Ministry spokeswoman Mao Ning said that Chinese President Xi Jinping will attend the summit of the Chinese-Gulf Cooperation Council, in addition to the first-ever Chinese-Arab meeting, and indicated that the summit will be a “milestone” in the development of Chinese-Arab relations.

The Chinese president affirmed his country's readiness to strengthen relations and cooperation with Riyadh in various fields, and to support peace and stability around the world.

Today, the Chinese president held talks with Saudi leaders on the second day of his visit to Riyadh, Thursday, before witnessing the signing of billions of dollars worth of agreements between the two economic powers aspiring to enhance their rapprochement, despite Washington's warnings of the escalation of Beijing's influence.

Crown Prince Mohammed bin Salman shook hands with Chinese President Xi Jinping when he got out of his car upon his arrival at Al Yamama Palace in Riyadh, the official residence of the king and the seat of the royal court, according to footage broadcast by state media.

Later, the Chinese president met with Saudi King Salman bin Abdulaziz, and in the presence of the crown prince, they signed the "comprehensive strategic partnership agreement between the Kingdom and China," according to the Saudi Press Agency. They also agreed to hold a meeting of the leaders of the two countries every two years.

"China-Saudi cooperation has broad future prospects, and the Chinese side regards the Saudi side as an important force in a multipolar world, and attaches great importance to developing a comprehensive strategic partnership with Saudi Arabia," Xi said, according to Chinese state media.

The Chinese president confirmed that Beijing is ready to expand oil trade with Riyadh and will "list Saudi Arabia as an outbound tourism destination" for Chinese citizens.

Xi was awarded an honorary doctorate in management from King Saud University "in recognition of his achievements and great efforts in management and leadership, and in gratitude for the thriving relationship and continuous cooperation between the two friendly countries," according to the agency.

And Saudi government media reported that the visit witnesses the signing of agreements worth about $29.3 billion in several fields, at a time when China wants to strengthen its economy affected by the Corona virus, while the Saudis, historical allies of the United States, seek to diversify their economic and political alliances.


- important partner -

During the visit, the Chinese president will participate in two Gulf-Chinese and Arab-Chinese summits attended by leaders of the countries of the region who have already begun to flock to the Saudi capital, including Egyptian President Abdel Fattah El-Sisi and Lebanese caretaker Prime Minister Najib Mikati.

China, the largest consumer of Saudi oil, is strengthening its trade and political ties with a region that has long relied on the United States for military protection but has expressed fears of a diminishing American presence.

Hours after his arrival on Wednesday, Saudi state media announced 34 investment agreements in sectors including green hydrogen, information technology, transportation and construction.

The official Saudi Press Agency did not include additional details, but said that total trade between the two countries amounted to 304 billion Saudi riyals ($80 billion) in 2021 and 103 billion Saudi riyals ($27 billion) in the third quarter of 2022.

Saudi Crown Prince Mohammed bin Salman believes that China is an important partner in the “Vision 2030” economic reform, as he seeks to involve Chinese companies in huge and ambitious projects aimed at diversifying the economy away from fossil fuels.

These projects include the future city of NEOM, which has an investment value of $500 billion and will rely heavily on facial recognition technology and surveillance.

Saudi Investment Minister Khaled Al-Falih said that Xi's visit will contribute to raising the pace of economic and investment cooperation between the two countries, as the visit provides "returns" to Chinese companies and investors, according to the Saudi Press Agency.

- Interviews with Arab leaders -

Diplomats based in Riyadh reported that the Chinese president may hold bilateral talks Thursday with other Arab leaders who arrived in Saudi Arabia ahead of Friday's summits.

Tunisian President Kais Saied will also arrive in Riyadh on Thursday. The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, will also attend. Iraqi Prime Minister Mohamed Shiaa Al-Sudani and Moroccan Prime Minister Aziz Akhannouch confirmed their presence.

China's foreign ministry said Xi's program represented "the largest large-scale diplomatic activity between China and the Arab world since the founding of the People's Republic of China."

This was not lost on the eyes of the White House, which warned of "the influence that China is trying to develop around the world."

"We are aware of the influence that China is trying to expand around the world," John Kirby, a spokesman for the National Security Council at the White House, told reporters. The Middle East is certainly among these regions where they want to deepen their level of influence,” he said, adding, “We believe that many of the things they seek, and the way they seek them, are not compatible with maintaining the international order governed by specific rules.”

"We're not asking countries to choose between the United States and China, but as the president has said many times, we believe the United States is certainly in a position to lead in this strategic competition," Kirby continued.

Washington has long been a close partner of Riyadh, but the relationship has recently soured over disagreements over energy policy, US security guarantees to countries in the region, and human rights.

Xi is making his third trip abroad since the COVID-19 pandemic prompted China to close its borders and embark on a series of lockdowns, hurting its giant economy.


Tuesday, November 22, 2022

Germany: The first cause of Europe's crisis is the rise of Asia, not the Ukraine war

    Tuesday, November 22, 2022   No comments

German Chancellor Olaf Scholz confirmed that "the past 30 years of low inflation and stable economic growth in Europe were exceptional," stressing that "the conflict in Ukraine is not the main reason for the end of this era, but it has accelerated it."

Today, Tuesday, during an economic forum that brought together representatives of economic companies in Berlin, Scholz said: "Today we are in a new stage of globalization, and over the past 30 years, here in Europe and North America, we have witnessed stable growth, low inflation and high employment rates." And the conflict in Ukraine It hastened the end of this era, but it's not the main reason."

"The real reason is the growth of Asian economies, which compete with Europe in energy, raw materials and technology," Scholz said, warning "once again of a decline in globalization" and calling for "economic diversification."

"The real reason is the growth of Asian economies." German Chancellor Olaf Scholz.


He stressed that "Germany will not make the mistake of entering into an energy dependency, such as the one that has arisen in recent years with Russia with regard to natural gas supplies for the second time," and added, "What I understood after holding a number of talks with representatives of the German economy is that this mistake It won't happen to us again."


During the forum organized by the Bavarian daily "Süddeutsche Zeitung" newspaper, Scholz explained the types of challenges facing the German economy, and his ambition to diversify its sources of energy supply in multiple regions, from now on. He promised the Germans that he would "work so that the German economy and Germany can regain its place as a place for business, and get through the hard times."


Wednesday, November 02, 2022

How the Russian Federation is Relying on the Chechen Republic to Foster Stronger Relations with Muslim-Majority Countries

    Wednesday, November 02, 2022   No comments

Russian large Muslim population has always played a bridging role between Muslims and the Russian State. With the rebranding of the Russian Federation as the new framework designed to keep Muslim-majority areas tethered to Russia, the Chechen Republic is now integrated into the Federation system to not necessarily play a role in foreign policy, but to showcase Russian Muslims’ role in Russia’s foreign policy. 

In this video release, the head of the Chechen republic, Ramzan Kadyrov, describes Grozny’s hosting of an important economic meeting between Iran and Russia.


Grozny hosted an important state event aimed at strengthening friendly, businesslike and mutually beneficial relations between Russia and the Islamic Republic of Iran.

Today, the Chechen Republic has become a kind of bridge connecting Russia and Iran, providing a platform for delegations to work in Grozny. The outcome of the 16th plenary session of the Permanent Russian-Iranian Intergovernmental Commission on Trade and Economic Cooperation was the signing of documents on cooperation in various fields by the parties.

The agreements and agreements reached will have a fruitful impact on long-term relations between the two states. The Russian side, headed by Deputy Prime Minister of the Russian Federation Alexander Novak, is doing a great job in this direction.

Over the eight months of this year, the trade turnover between Russia and Iran increased by 36.4 percent and is approaching $4 billion. And this is far from the limit.

At the end of the meeting, I had the pleasure of talking at the dinner table with Alexander Novak and with the head of the Iranian delegation, Javad Ouji.

I was pleased to hear warm comments from our Iranian friends about the beauty of Grozny, about the good-natured and hospitable Chechen people. I'm glad they all liked it. For my part, I thanked the foreign delegation for coming to the Chechen Republic.

  


 


Friday, October 28, 2022

Erdogan presents the expected tidings to Europe at the gates of the winter crisis: We will distribute Russian gas to you through our Turkish lands

    Friday, October 28, 2022   No comments

President Recep Tayyip Erdogan announced that Turkey will distribute natural gas coming from Russia to Europe through its territory through the “Turkish Stream” project.


In a speech during an introductory event for the "Turkey Century" campaign in the capital, Ankara, Erdogan indicated that this will be the result of talks with Moscow.

On the other hand, the President revealed that his government will soon start work on the Istanbul Canal project, and that it will thus save the Bosphorus Strait from environmental threats.

He referred to the discovery of 540 billion cubic meters of natural gas reserves in the Black Sea previously, adding: "God willing, we will soon share good news with our people in energy."

The “Turkish Stream” is two pipelines to transport gas from Russia to Turkey and Europe, passing through the Black Sea. The first pipeline feeds Turkey, and the second is eastern and southern European countries.

Erdogan stressed that one of the first goals of the “Turkey Century” vision is to give the country a new constitution that will be the product of the national will.

He said, "In the past twenty years, we have implemented historical monuments and services in all fields, from education to health, from justice to security, from transportation to energy, and from industry to agriculture, but there are also things that we have not been able to achieve despite our efforts."

He added: "Acquiring a new constitution for our country, the product of the national will, is one of the first goals of our vision, the century of Turkey. This new constitution will enhance the stability of the country, increase the prosperity of the people, enhance the rule of law, pluralism and justice, guarantee the freedoms of every citizen, and provide our young people with a hope for the future."

And he added: “We will raise the century of Turkey by meeting the aspirations of our young people in all fields from technology to art, and from sports to the environment. We will advance Turkey’s century by making our country one of the top ten countries in the world in all political, economic, technological, military and diplomatic fields.”

Erdogan indicated that “Turkey’s century” is the century of replacing identity politics with a politics of unity, polarization with integration, denial with embrace, domination with freedom, and hate with love.


He pointed out that "Turkey's Century" is the name of a new beginning for combining real actions with sincere acceptance, putting human values ​​before ideological fanaticism, giving preference to truth over fanaticism, and showing the truth to those who turn their backs on it.

He explained that the vision, spirit and philosophy of "Turkey's Century" means the Century of Sustainability, saying: "Based on this concept, we will strengthen an ecosystem that embraces life with all its elements. In parallel, we will move forward in our struggle to keep pace with the path of the world."

He stressed that "Turkey's century" will be the century of peace for the country, and that it will continue to work to achieve stability in its geographical region and the world, based on the concept of "the world is greater than five."

The Turkish president set a short-term goal for Turkey to reach a trillion dollars in foreign trade, and 100 billion dollars in tourism revenues.

He pointed out that they are moving forward in establishing and developing infrastructure facilities in order to transform Turkey into a global production and supply center whose necessity has been demonstrated during the Corona pandemic.

In this regard, President Erdogan announced raising the production capacity of electric energy from 31,846 megawatts to 101,518 megawatts.

According to Erdogan, successive Turkish governments have worked to increase the number of archaeological sites of the country included in the World Heritage List of the United Nations Educational, Scientific and Cultural Organization "UNESCO", and increased the number of archaeological sites that have been restored from 46 to 5,781 sites.

In addition to the Istanbul Canal project, President Erdogan indicated that he will announce new projects in Turkey before the elections.

In light of the "Turkey Centenary" vision, Erdogan confirmed their goal of transforming Turkey into the most important and largest industrial and commercial country in the world, saying: "In the next stage, we will discuss the latest and most effective production strategies and implement them on the ground."

To achieve this goal, the Turkish President promised to continue supporting high-tech value-added industries, increasing direct production centers in order to expand the market and increase world opportunities.

He stressed the importance of science in the "centennial of Turkey", saying: "We are going through a stage in which we are looking for the impact of science and technological development on the future of humanity, and we plan to have a say in this field in the future, by supporting scientific research in the public and private sectors in order to achieve the well-being of our country and our citizens. “.

He added, "We will work to enter at least 10 Turkish universities in the global ranking of the first 500 universities in the world."


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