Tag Archives: SAUDI

Saudi Pharmacy in Talks with Germany’s CureVac for Covid Outbreak | Instant News


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Italy’s Saipem signs an agreement with Saudi Aramco for ground activities | Instant News


FILE PHOTO: A scene showing a branded oil tank at the Saudi Aramco oil facility in Abqaiq, Saudi Arabia 12 October 2019. REUTERS / Maxim Shemetov

MILAN (Reuters) – Italian energy services group Saipem SPMI.MI said on Wednesday it had signed a framework agreement with Saudi Aramco covering engineering and ground construction activities.

It said the agreement, which will last 12 years, is part of Saudi Aramco’s broader long-term plan to upgrade its facilities in Saudi Arabia’s Eastern Province.

The agreement requires efficiency activities at the existing facilities, Saipem said.

Reporting by Stephen Jewkes, editing by Giulia Segreti

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Macron Says Old Belarusian Leader ‘Must Go’ | Instant News



Riot police detain a protester during an opposition rally to protest against the presidential inauguration in Minsk, Belarus, Wednesday, September 23, 2020. Belarusian President Alexander Lukashenko has been sworn in for his sixth term at an unannounced inauguration ceremony ahead amid massive protests over weeks of saying that the authoritarian leader’s re-election was rigged. Hundreds of people took to the streets in several cities at night to protest the inauguration. (AP / TUT.by Photo)

France is increasing pressure on long-time Belarusian leader Alexander Lukashenko, with President Emmanuel Macron telling the leading French weekly that “Lukashenko must leave.”

The European Union said Thursday it did not recognize Lukashenko as the president of Belarus because of massive protests by Belarusians who questioned the outcome of last month’s presidential election which Lukashenko claims he won so much. Opposition members and some polling officials in Belarus say the vote was rigged.

Ahead of Monday’s trip to Lithuania and Latvia, Macron was quoted as saying in the Journal du Dimanche newspaper on Sunday as saying it was “clear that Lukashenko had to leave.”

“What is happening in Belarus is a crisis of power, an authoritarian force that cannot accept the logic of democracy and endures violence,” the paper quoted Macron as saying.

In a speech Saturday before the UN General Assembly, Belarus’ foreign minister warned Western countries against meddling or imposing sanctions over the country’s disputed presidential election and government crackdown on protesters.

Thousands of Belarusians have taken part in major rallies since the August 9 elections, which they say were rigged in support of Lukashenko, who has been in power for 26 years and has just taken secret oaths of office for a new term.

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UN: Global Workers Lose $ 3.5 Trillion in Wages Amid Pandemic | Instant News


The coronavirus pandemic is having a bigger impact on jobs than previously feared, the United Nations said on Wednesday, with hundreds of millions of jobs lost and workers suffering a “massive” drop in income.

In a new study, the International Labor Organization (ILO) found that by the midpoint of the year, global working hours had fallen 17.3 percent compared to last December – the equivalent of nearly 500 million full-time jobs.

That is nearly 100 million more jobs equivalent than the figure estimated by the ILO in June, when it was estimated that 14 percent of working hours would be lost by the end of the second three-month period this year.

“The impact has been catastrophic,” ILO chief Guy Ryder told reporters in a virtual briefing, pointing out that global labor income has shrunk by 10.7 percent during the first nine months of this year compared to the same period in 2019.

That translates to an estimated $ 3.5 trillion, or 5.5 percent reduction in total global gross domestic product (GDP), the ILO said.

Since emerging in China late last year, the new coronavirus has killed nearly a million people worldwide from the more than 31 million infected.

In addition to health challenges, lockdowns, travel restrictions and other measures taken to contain the virus have had a devastating effect on jobs and incomes around the world.

The ILO also warned that the outlook for the last three months of 2020 has “deteriorated significantly” since its last report in June.

The organization previously estimated that global working hours would be 4.9 percent lower in the fourth quarter than a year earlier, but said it now expects an 8.6 percent decline, which corresponds to 245 million full-time jobs.

This explains that workers in developing countries and emerging economies, especially those working in informal jobs, are more affected than in the previous crisis.

The ILO also pointed out that although many of the most stringent workplace closures have been relaxed, 94 percent of the world’s workers are in countries where some sort of workplace restriction remains in place.

Dan Sangheon Lee, head of the ILO’s labor policy division, warned that the labor situation could worsen.

If the second wave of infections brings tighter restrictions and new lockdowns, he said, “the impact on the labor market could be comparable to the magnitude we saw in the second quarter of this year”.

Ryder warned those encouraging policymakers to focus on the economy rather than health in response to the pandemic.

“It is very clear … that the capacity and speed of the global economy to emerge from a labor market slump is closely linked to our capacity to contain the pandemic,” he said.

“These two things are very closely related, and we must act on that understanding.”

Meanwhile, the ILO report shows that the labor market crash could be worse without the many fiscal stimulus packages provided by the government.

Without such stimulus efforts – totaling about $ 9.6 trillion globally – global working hours would have shrunk by a full 28 percent in the second quarter, he said.

But he warned that fiscal stimulus was being delivered very unevenly, with low and middle-income countries receiving about $ 982 billion less in overall support than their wealthy counterparts.

Ryder urged international efforts to close the loophole, insisting that “no group, country or region can resolve this crisis alone.”

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FM Qureshi, Saudi FM discusses, common interests, coronavirus situation – Pakistan | Instant News


Last updated when July 26, 2020 9:05 a.m.

Qureshi said the case of coronavirus in Pakistan has declined due to smart locking strategies

ISLAMABAD (Dunya News) – Foreign Minister Shah Mahmood Qureshi on Sunday called Saudi Foreign Minister Prince Faisal bin Farhan Al Saud.

During the telephone conversation, matters relating to the common interests and the coronavirus situation were discussed.

The foreign minister on behalf of the Prime Minister and Imran Khan asked about the health of King Salman bin Abdulaziz of Saudi Arabia.

Qureshi said that the case of coronavirus in Pakistan has decreased significantly after the smart locking strategy adopted by the Pakistani government of Tehreek-e-Insaf (PTI).

The foreign minister told his Saudi counterpart about effective action taken by Pakistan to prevent the spread of the Corona epidemic, including the Smart Lockdown policy. He said smart locking strategies by Prime Minister Imran Khan not only reduced the spread of the pandemic, but also significantly reduced the country’s death rate.

The Saudi Foreign Minister said that the Corona situation in Saudi Arabia also improved.

He also strongly condemned Houthi militia missile attacks on Saudi defense installations, and added that Pakistan would continue to expand all possible cooperation to maintain the territorial integrity of Saudi Arabia.

The two foreign ministers also discussed the upcoming UN General Assembly session.

They agreed to continue mutual consultations on important regional and bilateral issues including the global pandemic.

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