Saudi Arabia says postponing OPEC+ cuts would have had 'negative' consequences

Members of the Organization of Petroleum Exporting Countries and their allies agreed to cut supply by 2 million barrels a day on Oct. 5. (AFP)
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Updated 13 October 2022
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Saudi Arabia says postponing OPEC+ cuts would have had 'negative' consequences

  • The Kingdom rejected statements criticizing it after last week’s OPEC+ decision to cut oil supply
  • Members of OPEC and their allies agreed to cut supply by 2 million barrels a day on October 5

RIYADH: Saudi Arabia has told the US that postponing OPEC+ decision to cut production is negative for the world, the foreign ministry said in a statement.

“The Kingdom clarified through its continuous consultation with the US Administration that all economic analyses indicate that postponing the OPEC+ decision for a month, according to what has been suggested, would have had negative economic consequences,” the statement said.

The Kingdom also rejected statements criticizing it after last week’s OPEC+ decision to cut oil supply.

Members of the Organization of Petroleum Exporting Countries and their allies agreed to cut supply by 2 million barrels a day on Oct. 5.

President Joe Biden, who is attempting to stop Russia profiting from energy sales to limit President Vladimir Putin’s war in Ukraine, had called the decision “shortsighted” after the alliance announced the cuts in Vienna.

Biden promised this week “there will be consequences” for Saudi-US relations because of the OPEC+ move, without clarifying what his administration intends to do.

The statement by the Saudi Foreign Ministry said criticism that the Kingdom was taking sides in international conflicts or had supported the cuts for political reasons against the US were not based on facts and took the OPEC+ decision out of its economic context.

The ministry statement said the agreement between OPEC+ nations was unanimous and sought to balance supply and demand to help curb market volatility, adding that Saudi Arabia rejected any attempt to divert it from the goal of protecting the global economy from oil market fluctuations.

Saudi Energy Minister Prince Abdulaziz bin Salman told Bloomberg after the cuts were announced: “Our current priority is stability in the market in terms of demand and investment.” On prioritizing profit directly he said, “that mantra maybe could be acceptable if it is meant to be that we are deliberately doing this to jack up prices and that is not on our radar, our radar is to make sure we sustain markets.”

The Saudi foreign ministry statement, citing an unnamed official, said: “Resolving economic challenges requires the establishment of a non-politicized constructive dialogue, and to wisely and rationally consider what serves the interests of all countries. The Kingdom affirms that it views its relationship with the US as a strategic one that serves the common interests of both countries.”

US Democrats, with an eye on the impact of rising gas prices ahead of November elections, have assailed the Kingdom, with some even calling for the end of defense cooperation between the longstanding partners.

The average US gas price stood at $3.92 per gallon on Wednesday.

Saudi Minister of State for Foreign Affairs Adel Al-Jubeir told Fox News on Friday: “The idea that Saudi Arabia would do this to harm the US or to be in any way politically involved is absolutely not correct at all. With due respect the reason you have high prices in the United States is because you have a refining shortage that has been in existence for more than 20 years, you haven’t built refineries in decades.”

Former US Secretary of State Mike Pompeo blamed Biden for the current energy crisis. 

“This is a failure of American policy. Joe Biden is directly responsible for the place that the world finds itself on energy.”

He also accused the progressive left of spending 25 years of thinking they are “going to run the world on sunshine and windmills.”

Aside from not building new refineries, Pompeo said the current administration has the wrong strategy for making the US energy independent. 

“We shut down a pipeline, we’ve made it hard to permit, we’ve got ESG rules that now deny the capacity to get American energy out of American ground for American consumers.” 

“We have the capacity for self-help here in the US,” Pompeo told Fox News Sunday.

“To point the finger at someone else, at OPEC or at the Saudis, is an enormous mistake when America has the capacity to produce energy independence for its own country and, frankly, provide energy for the world as well.”


Series of inspired redirections leads rising star in Saudi cinema to Cannes screening

Updated 13 May 2024
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Series of inspired redirections leads rising star in Saudi cinema to Cannes screening

  • The filmmaker’s AlUla Creates project is set to be partially screened at Cannes Film Festival

JEDDAH: Filmmaker Hanaa Alfassi, from Jeddah, is a rising talent in the nascent world of Saudi cinema, rubbing shoulders with iconic directors like Haifa Al-Mansour.

Her latest project, “When the Shelves Hymn,” created under the working title “Bygones,” is a coming-of-age drama that is currently in post-production. A scene is set to be screened at a Film AlUla event at Cannes Film Festival this week and the film is part of the AlUla Creates initiative, with Al-Mansour present as one of the mentors on set.

The Saudi filmmaker’s upcoming film was shot in AlUla’s old town area. (Supplied)

“We were fortunate to have the director Haifaa Mansour provide valuable feedback during the development process.” Alfassi told Arab News. “She is a very kind and inspiring filmmaker, and we were glad as a team to have her visit the set.”

Collaborating closely with industry veterans like Moayad Abualkhair and Al-Mansour, Alfassi benefited from robust feedback loops that significantly enhanced the development process.

HIGHLIGHTS

• Hanaa Alfassi also served as a judge at the 10th Saudi Film Festival, which was held recently this month in Dhahran.

• Her cinematic perspective was profoundly influenced in 2012 during the premiere of ‘Wadjda’ at the Tribeca Film Festival in New York City.

• A film she was involved in, ‘In Between,’ directed by Dalia Bakheet, was selected for the Annecy Film Festival in 2019.

• Her initial foray into the digital arts began with a 3D animation course in 1999 during her high school years in Egypt.

She also faced numerous challenges while filming “When the Shelves Hymn.”

“Despite unexpected delays, the team utilized these interruptions for in-depth discussions and rehearsals, adding depth to their work,” she said.

The Saudi filmmaker’s upcoming film was shot in AlUla’s old town area. (Supplied)

Filming in the old town of AlUla was a deliberate choice, intertwining the narrative with the historic location’s enchanting landscapes.

“The choice of an antique shop in the old town was not only organic to the story but also perfectly aligned with the location’s authenticity,” the filmmaker said.

We were fortunate to have the director Haifaa Al-Mansour provide valuable feedback during the development process.

Hanaa Alfassi, Saudi filmmaker

“Despite the numerous regulations governing shooting location, as it’s a perceived UNESCO heritage site, the production design team led by Amany Wahba and Theory PS ensured strict adherence to all requirements.”

The Saudi filmmaker’s upcoming film was shot in AlUla’s old town area. (Supplied)

The support from mentors throughout the production was crucial as it helped fine-tune the script, enrich the film’s direction, and ensure the final product was not only a reflection of Alfassi’s vision but also collaborative filmmaking.

“Their support went beyond just providing feedback; it was a source of encouragement and motivation throughout the process,” she told Arab News.

Alfassi also served as a judge at the 10th Saudi Film Festival, which was held recently this month in Dhahran, a task that provided her with a unique vantage point and offers opportunities to partake in meaningful discussions.

“Serving as a jury member is also a learning experience exposing me to a diverse range of films and viewpoints as well as true discussions about the nature of cinema as an art form,” she said.

Alfassi’s cinematic perspective was profoundly influenced in 2012 during the premiere of “Wadjda,” the first feature-length film made by a female Saudi director (Haifaa Al-Mansour) at the Tribeca Film Festival in New York City. The film was the Kingdom’s official submission for the foreign language film category in the 86th Academy Awards, marking the first time the country submitted a film to the Academy for consideration.

At the premier, surrounded by a diverse audience, Alfassi was struck by the universal curiosity and connection films can foster. “It was a moment filled with excitement and curiosity as we witnessed people from diverse backgrounds and cultures come together to experience a film from a different place,” she said.

“This sense of curiosity has always been a part of me, but the experience reinforced its importance. It’s crucial for me today to maintain this curiosity, as it enables me to tell diverse narratives and explore new perspectives.”

Her entry into the world of filmmaking was not straightforward, but rather a series of inspired redirections. Her initial foray into the digital arts began with a 3D animation course in 1999 during her high school years in Egypt.

Although the emerging digital era fascinated her, Alfassi found the detailed process of animation to be too time-consuming. This led her to explore photography, which temporarily satisfied her storytelling impulses. However, her desire to tell dynamic, evolving stories only grew from there.

Alfassi enrolled in the filmmaking institute, setting her career trajectory firmly toward the cinema. “As I pursued my studies in mass communication at University of Ain Shams, my mother discovered a new institute founded by one of Egypt’s renowned filmmakers, Rafat Al-Meehi,” she said. “I enrolled, balancing two years of filmmaking education alongside my college curriculum.”

Over the years, Alfassi has contributed to various short films both as a director and producer. One of these, “Lollipop,” received a financial award from the ENJAAZ Dubai Film Market’s production support fund and gained support from The Heart Productions and the Industry Lab at the New York Film Academy.

“Lollipop” has been showcased at several prestigious festivals, including the Dubai International Film Festival and the Malmo Arab Film Festival. It was also featured in the “Hope” program by ANHAR, the Arab Network for Human Rights Films.

Another project she was involved in, “In Between,” directed by Dalia Bakheet, was officially selected for the renowned Annecy Film Festival in 2019.

From being inspired by a film by Al-Mansour to becoming a film director herself and having Al-Mansour on site, Alfassi’s hard work and perseverance has clearly paid off. Late last year at the 2023 Red Sea International Film Festival, alongside her colleagues Jade and Mana Al-Majd, she clinched one of the two awards in the TV Series Lab category for their comedy TV pilot set in Saudi Arabia, an achievement she considers an honor.

Alfassi’s journey in filmmaking is a compelling narrative of passion, adaption, and perseverance.

Looking ahead, the Saudi filmmaker is enthusiastic about her participation in future festivals and is keen to leverage platforms like the Cannes Film Festival to broaden her network and introduce her work to a global audience.

 


Saudi HR ministry launches wage protection service for domestic workers

Since July 1, Saudi Arabia has implemented the Wage Protection Service for domestic labor salaries. (Shutterstock)
Updated 13 May 2024
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Saudi HR ministry launches wage protection service for domestic workers

  • Paying the salaries of domestic workers through specific formal channels has several benefits for the employer because it provides proof of wages paid for domestic labor

RIYADH: The Saudi Ministry of Human Resources and Social Development has launched the Wage Protection Service for domestic labor salaries, starting July 1.

The move is part of ministry initiatives to develop the domestic labor sector and ensure the rights of employers and domestic workers.

The service aims to facilitate and ensure transparency of salary payments by using digital wallets and banks authorized on the Musaned platform. This service promotes safety and reliability in transferring salaries, thereby preserving the rights of contractual parties, the Saudi Press Agency reported.

HIGHLIGHT

The service is expected to include all domestic workers by Jan. 1, 2026.

The ministry said that the service applies to domestic workers under new contracts and will be applied to current contracts in stages, depending on the number of domestic workers for each employer.

The ministry also noted that the service will be applied to those who have more than four domestic workers starting Jan. 1, 2025, to those who have three or more domestic workers starting July 1, 2025, and to those who have two or more domestic workers starting Oct. 1, 2025.

It added that the service is expected to include all domestic workers by Jan. 1, 2026, mentioning that it has been optionally available on Musaned since April 1, 2022, and has received widespread positive interaction from customers and contractual parties.

Paying the salaries of domestic workers through specific formal channels has several benefits for the employer because it provides proof of wages paid for domestic labor, makes it easier for the employer to terminate the worker’s procedures at the end of the contractual relationship or when traveling, and protects the employer and the employee in the event of a disagreement.

 

 


Launch of Makkah Route Initiative at Karachi airport aims to facilitate Hajj pilgrims’ journey: official

The Director-General of Passports Lieutenant General Sulaiman bin Abdulaziz Al-Yahya speaks at Karachi airport on Monday. (SPA)
Updated 13 May 2024
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Launch of Makkah Route Initiative at Karachi airport aims to facilitate Hajj pilgrims’ journey: official

  • Al-Yahya said the introduction of a mobile counter-verification device is streamlining procedures for beneficiaries of the initiative

RIYADH: The launch of the Makkah Route Initiative at Karachi’s Jinnah International Airport aims to facilitate pilgrims’ journeys, the Director-General of Passports Lieutenant General Sulaiman bin Abdulaziz Al-Yahya has said.

Speaking during Sunday’s launch of the initiative at the airport, Al-Yahya said the introduction of a mobile counter-verification device, equipped with AI and innovative digital solutions, is streamlining procedures for beneficiaries of the initiative.

The initiative was launched in 2019 and 11 airports across seven countries are currently participating, Saudi Press Agency reported.

The initiative aims to provide high-quality services to Hajj pilgrims from beneficiary countries.

As part of the initiative, biometric data is collected in the pilgrim’s home country and the necessary procedures are carried out there. An electronic Hajj visa is also issued in the pilgrim’s country.

The Kingdom’s General Directorate of Passports will ensure that health requirements are met before pilgrims enter the country, and baggage will be coded and sorted according to transportation and accommodation arrangements.

Pilgrims will be transported to their residences in Makkah and Madinah by bus and partner agencies will transport their luggage separately.


Who’s Who: Fahad Alhagbani, co-founder and CEO of Armah Sports Co.

Fahad Alhagbani
Updated 13 May 2024
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Who’s Who: Fahad Alhagbani, co-founder and CEO of Armah Sports Co.

Fahad Alhagbani is vice chair and CEO at Armah Sports Co. where, since January 2019, he has been responsible for guiding the organization toward innovation in the fitness industry.

He co-founded Fitness Time in 2006, and by 2018, under his leadership, it had grown from one club to the largest chain in the Middle East and the 15th worldwide with 150 clubs. He was its CEO between 2015 and 2018.

After a successful IPO (initial public offering) for Fitness Time on the Saudi Stock Exchange in September 2018, he launched Armah Sports Co, reinventing fitness with the “Smart Clubs” concept to transform the market.

In November 2023, Alhagbani led the IPO for Armah Sports, setting a precedent in the fitness industry by launching two fitness chains and taking them public with only a five-year window between the two IPOs.

He has been a board member at Al-Hilal Saudi Football Club since July 2023, a member of the Saudi Olympic and Paralympic for Women in Sports Committee since June 2023, and a member of REX Roundtables for Executives since 2017, a worldwide group of 17 fitness club owners and CEOs who meet regularly to exchange insights, evaluate business performance, and discuss future industry disruptions.

With more than 25 years in the fitness industry, Alhagbani’s interest lies in creating social impact, championing healthy living, and advocating for social responsibility.

He is invested in exploring innovations and leading programs focused on development and transition within the sector.

His career in the fitness industry began in 1996, starting from a receptionist position at Body Masters, which was founded by his brother Abdulmohsen Alhagbani, and advancing to become the director of operations.

He holds a bachelor’s degree in computer and IT administration and management from King Saud University. He is currently pursuing an executive MBA from HEC Paris, specializing in board governance.

 


Saudi Arabia launches Makkah Route Initiative at Ankara Esenboga Airport

The Kingdom’s ambassador to Turkiye Fahd bin Asaad Abu Al-Nasr launches the Makkah Route Initiative at Ankara Esenboga Airport.
Updated 13 May 2024
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Saudi Arabia launches Makkah Route Initiative at Ankara Esenboga Airport

  • A lounge was set up at the airport in Ankara, making it the second Turkish airport to facilitate Makkah Route Initiative pilgrims

RIYADH: Saudi Arabia launched the Makkah Route Initiative at Ankara Esenboga Airport on Monday with the Kingdom’s ambassador to Turkiye in attendance.

A lounge was set up at the airport in Ankara, making it the second Turkish airport to facilitate Makkah Route Initiative pilgrims, Saudi Press Agency reported.

The initiative aims to provide high-quality services to Hajj pilgrims from beneficiary countries.

As part of the initiative, biometric data is collected in the pilgrim’s home country and the necessary procedures are carried out there. An electronic Hajj visa is also issued in the pilgrim’s country.

The Kingdom’s General Directorate of Passports will ensure that health requirements are met before pilgrims enter the country, and baggage will be coded and sorted according to transportation and accommodation arrangements.

Pilgrims will be transported to their residences in Makkah and Madinah by bus and partner agencies will transport their luggage separately.