Saudi Exchange approves Morgan Stanley Saudi Arabia as Market Maker on eight listed securities    Syria forms independent commission to investigate Latakia and Tartus violence    King Faisal University registers 631 patents in 2024    Princess Haifa hands credentials to French president as ambassador to Andorra    Saudi Arabia enhances security and services at Prophet's Mosque during Ramadan    Saudi Arabia's GDP grows 1.3% in 2024, driven by non-oil sector expansion    Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets Forum    Saudi Arabia spends $724 million to implement 1,072 projects to empower women in 79 countries    Israeli army arrests 16 Palestinians in fresh West Bank raids    South Korea's political crisis deepens as rival protests erupt over impeached President    Al-Ahsabah Valley: A scenic retreat in Al-Baha    World Bank estimates Lebanon needs $11 billion for economic recovery and reconstruction    Al Shabab stuns 10-man Al Nassr with late equalizer; Al Hilal closes gap at the top    Saudi taekwondo star Dunia Abu Talib wins IOC gender equality award for Asia    Mitrović returns to boost Al Hilal ahead of crucial clashes, Savić sidelined    Kanté rescues Al Ittihad with last-gasp equalizer against Al Qadsiah    Real-life shipwreck story wins major book award    Islamic Arts Biennale celebrates Ramadan with 'Biennale Nights' in Jeddah    Nora Razian and Sabih Ahmed appointed artistic directors for 2026 Diriyah Contemporary Art Biennale    UK death rate 'reaches record low'    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Olaf Scholz takes over from Merkel as German chancellor
Published in The Saudi Gazette on 08 - 12 - 2021

Olaf Scholz has been confirmed as German chancellor, leading a three-party government that takes over from Angela Merkel after 16 years in office, BBC reported.
He was voted in by the German parliament, where his coalition has a substantial majority.
Scholz's new government is formed of his Social Democrat party along with the with Greens and Free Democrats.
The handover of power marks an end to Merkel's 31-year political career.
Scholz, a soft-spoken 63-year-old, steered the Social Democrats to election victory in late September, positioning himself as continuity candidate because he played a key role in the Merkel government as vice-chancellor.
He was given an ovation after the German parliament, the Bundestag, backed him by 395 votes to 303 and he will now go to see President Frank-Walter Steinmeier before returning at midday (11:00 GMT) to be sworn in.
Since the election his party has worked with the Greens and business-friendly Free Democrats on a coalition deal, which was finally signed on Tuesday. He is set to take over from Merkel at 15:00.
The new government has ambitious plans to fight climate change by phasing out coal early and focusing on renewable energy, but their initial priority will be on tackling the coronavirus pandemic. Health authorities have recorded another 69,601 cases in the past 24 hours and a further 527 deaths - the highest number since last winter.
He and Greens leader Annalena Baerbock, who becomes foreign minister, will also have to respond to fears surrounding Russia's military build-up near the border with Ukraine.
Although Russia has denied plans to invade its neighbor, Angela Merkel agreed with President Joe Biden and the leaders of the UK, France and Italy late on Tuesday that they would adopt a joint strategy to respond by imposing "significant and severe harm on the Russian economy".
One obvious economic measure would be to threaten Russia's Nord Stream 2 gas pipeline to Germany, which has been completed but is still awaiting approval from the German energy regulator. US officials say they have reached an understanding with Germany that the pipeline would be shut down, which would be a significant intervention.
First elected in December 1990, Angela Merkel was immediately given a ministerial job by then Chancellor Helmut Kohl.
But she then helped oust him and became Christian Democrat leader in 2000, before becoming chancellor herself in November 2005.
She will still have an office close to the Bundestag, in a flat that was once used by Margot Honecker, once dubbed the most powerful woman in communist East Germany.


Clic here to read the story from its source.