SAR chief: Special program to localize railway industry to be announced next week    Several US states move to eliminate high school graduation exam requirements    Saudi-French Ministerial Committee agree to work together to upgrade bilateral partnership for AlUla    Saudi Music Commission launches MusicAI global platform for learning and teaching music    Saudi Arabia bans commercial use of symbols and logos of other countries    Israeli airstrikes target Beirut's southern suburbs    Fire at hospital in India kills 10 infants; investigation underway    Xi Jinping: Efforts to block economic cooperation are 'backpedaling'    Residents of several towns in Victoria, Australia ordered to evacuate due to bushfires    Jake Paul defeats Mike Tyson in lackluster showdown at Dallas Cowboys' home    Spectacular opening of the 2024 Thailand International Mega Fair in Riyadh    Mike Tyson slaps Jake Paul during final face-off    South Africa's Mia le Roux pulls out of Miss Universe pageant    Questions raised over Portugal's capacity to host Europe's largest annual tech event    Riyadh lights up as Celine Dion and Jennifer Lopez dazzle at Elie Saab's 45th-anniversary celebration    Saudi Arabia's inflation rate hits 1.9% in October, the highest in 14 months    Australia and Saudi Arabia settle for goalless draw in AFC Asian Qualifiers    Order vs. Morality: Lessons from New York's 1977 Blackout    South Korean actor Song Jae Lim found dead at 39    Don't sit on the toilet for more than 10 minutes, doctors warn    Saudi Champion Saeed Al-Mouri scores notable feat in Radical World Championship in Abu Dhabi with support from Bin-Shihon Group    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    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.



Moderate oil policy to continue, asserts King
Published in The Saudi Gazette on 08 - 03 - 2010

King Abdullah, Custodian of the Two Holy Mosques, launched Sunday the second year of the Shoura Council's fifth session with his annual address in which he spoke on a range of domestic and international issues, from terrorism and conflict on the southern border, to education, the global financial crisis, and relations with the Arab and Islamic world and the global community.
The King began by noting the principle on which the Shoura Council was founded, saying, “Islam is the religion of dialogue, moderation, and coexistence, and from dialogue comes the principle of the Shoura”.
“We gather here beneath the dome of the Shoura Council to review with an open mind the most significant works of the government at home and abroad,” the King said, describing the government since he last addressed the Shoura as having had “positive results on the ground”.
On oil, King Abdullah said the government would continue its course of “moderation and conservatism” following the global financial crisis to “limit damage and protect supplier and consumer equally”.
“That policy,” the King said, “helped mitigate against damaging price fluctuations and served to increase the state's petrol income beyond budget estimations.”
“Everyone knows that the global crisis affected all the world's economies and we joined in the efforts to confront it, among them the G20 economic summit in London,” the King said. “We praise Allah first that we were not significantly affected by it and also the solidity of our financial and economic organizations that enabled us to overcome it with minimum losses.”
The King praised the work of security services in the fight against terrorism, work, which he said would continue in order to “foil terrorist plans and root out all of the deviant group and dry up the sources of terrorism”.
He further praised armed forces personnel deployed in the south to confront infiltrators and highlighted efforts to accommodate displaced residents, including the construction of 10,000 housing units in Jizan. He also thanked Arab and Islamic nations, notably the GGC states, for their support on the issue. The recent GCC meeting in Kuwait, he said, had produced many positives in areas such as the Customs Union, the Joint Gulf Market, the Monetary Union, the electricity grid link, and the study on a rail network for GCC states.
King Abdullah spoke on expansions at the Holy Mosque in Makkah, and the Al-Jamarat Bridge, as well as the Haramain Train, saying, “we will keep doing all we can to continue providing pilgrims and visitors with security and peace of mind”.
On living standards and social services, the Custodian of the Two Holy Mosques spoke of employment programs, and noted that orders have been given for equal conditions for male and female teachers. SR1.166 billion, the King added, had been allocated for persons on social security.
“Education is the most important of the duties undertaken by this country since the time of its founding,” he said, and cited the launch of Kaust and the creation of other universities across the country, bringing the total number of universities in the Kingdom to 25.
“These universities have been provided with all available resources and facilities and limitless support,” he said, adding that some 70,000 students had been sent on scholarships abroad.
The development of the justice system, for which SR7 billion has been allocated, was another noteworthy point in the King's address, and he highlighted laws governing the work of appeals bodies and the setting up of judicial councils. He also made special mention of the advancement of Saudi women.
“Saudi women have played an effective role in all development programs whether as students, employees, teachers or businesswomen,” he said. “Princess Noura Bint Abdulrahman University is through its administrative and academic staff an example of the advancement Saudi women have achieved in knowledge and culture.”King Abdullah spoke at length on the continued advancement of the country and its economy despite the economic crises that have hit the world, and highlighted investments in Jubail and Yanbu industrial cities and the Kingdom's placing at the top of the World Bank's 2009 annual business environment report.
King Abdullah continued by detailing allocations in the state's 2010 budget with its total spending of SR540 billion, 14 percent up on the previous year, noting the significant increased percentages going to education, health and social services, water, industry and agriculture, as well as transport and communications and municipality services.
The King extended his address to the Kingdom's place in the Arab and Islamic world and the world at large, highlighting the connection with the former by “religion and language” as well as “interests, causes and common goals”.
King Abdullah said the Kingdom showed great concern in supporting just causes, “particularly Arab and Muslim causes, primarily the Palestinian Cause”, which, he said, the Kingdom had worked for “along two parallel courses of action by pursuing with international bodies an independent Palestinian state with Jerusalem as its capital, and continuing its material and moral support to the Palestinian people”.
“The Kingdom gave one billion dollars for the reconstruction of the Gaza Strip after the Israeli attack,” he said.
“We are a part of this world and a member of the international family, linked with all moderate nations by joint economic interests and relations of cooperation in all fields, joined in the pursuit of peace and security and the fight against terrorism and corruption in all its forms,” he said. “The government of the Kingdom forever seeks to maintain and strengthen its relations with all moderate states in order to achieve common strategic aims and strengthen the values of cooperation across the board.”
“We praise Allah that the stances of the Kingdom of Saudi Arabia are characterized by moderations and rationality and wisdom, which has averted many regional and international conflicts, as the Kingdom has always stood on the side of truth and justice to bring peace and security,” he said.
King Abdullah noted the country's response in international aid work and in helping deal with the effects of the global financial crisis, as well as its reelection to membership of the United Nations Human Rights Council. “For all these reasons the Kingdom enjoys high status in all international assemblies,” he said.
The Custodian of the Two Holy Mosques concluded by praising the Shoura Council ahead of another year of the body's work.
“You have through constructive initiatives, sound views and successful recommendations been an important partner in the development process which this blessed country is going through,” he said. “I would like to praise your efforts, and remind you of the importance of your decision-making role based on exhaustive study, specialist knowledge and practical experience, and God willing you will retain the faith and appreciation of the leadership of the government and the people.”


Clic here to read the story from its source.