Industry Deputy Minister and Economic Corporation Director review arrangements for restarting spinning mill

Industry and Trade Deputy Minister, Ahmed Muhammad Al-Shutari, and the Director of the Yemeni Economic Corporation, Brigadier General Ali Hamid, were briefed today on the final arrangements for restarting the spinning and weaving factory.

Al-Shutari , Hamid, and Undersecretary of the Ministry of Agriculture and Irrigation, Dhaifallah Shamlan, listened to an explanation from the Chairman of the Board of Directors of the General Organization for Spinning and Weaving Industry, Abdul-Ilah Shaiban, about the stages of rehabilitation and maintenance of equipment to restart the spinning department as a first stage to restart all sections of the factory.

During the visit, Al-Shutari praised the efforts exerted by the Chairman and members of the Board of Directors of the General Organization for Spinning and Weaving Industry and the technical staff in the factory to restart the spinning department.

He stressed that the ministry will provide all support and assistance to the institution in order to operate all sections of the factory and restore its leading role in the manufacture of clothing and fabrics. He pointed to the ministry’s keenness to support local productive industries, especially those that depend on local raw materials.

While Shamlan indicated that completing the arrangements to restart the spinning section of the factory is an encouraging step in the context of the efforts made to advance the factory, stressing the importance of supporting industries based on local agricultural materials.

Source: Yemen News Agency

On behalf of the Custodian of the Two Holy Mosques, Vice Foreign Minister Participates in the Inauguration Ceremony of the Nigerian President

On behalf of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the Vice Foreign Minister of the Kingdom of Saudi Arabia Eng. Waleed bin Abdulkarim Al-Khuraiji, participated today in the inauguration ceremony of President Bola Ahmed Tinubu as President of the Federal Republic of Nigeria.

The Vice Foreign Minister, along with the heads of delegations, attended the swearing-in of the Nigerian President in capital, Abuja.

Afterwards, Al-Khuraiji attended the inauguration ceremony of the Nigerian President.

He conveyed to President Tinubu the greetings and extended congratulations of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, on the occasion of his inauguration as President of the Federal Republic of Nigeria.

Moreover, Al-Khuraiji conveyed their wishes to the government and brotherly people of Nigeria for further progress, growth and prosperity.

Source: Saudi Press Agency

China’s Shenzhou-16 Manned Spaceship Launched

China on Tuesday launched the Shenzhou-16 manned spaceship, sending three astronauts to its space station combination for a five-month mission.

The spaceship, atop a Long March-2F carrier rocket, blasted off from the Jiuquan Satellite Launch Center in northwest China, according to the China Manned Space Agency (CMSA).

The crew, consisting of Jing Haipeng, Zhu Yangzhu and Gui Haichao, will witness the dockings of the Tianzhou-5 cargo craft and the Shenzhou-17 manned spaceship, as well as the departures of the Shenzhou-15 manned spaceship and Tianzhou-5.

The Shenzhou-16 astronauts will conduct large-scale in-orbit tests and experiments in various fields as planned.

They are expected to make high-level scientific achievements in the study of novel quantum phenomena, high-precision space time-frequency systems, the verification of general relativity, and the origin of life.

It is the first crewed mission for the application and development stage of China’s space station.

Source: Qatar News Agency

CERF Allocates US$18 Million for Urgent Needs of People Affected by Humanitarian Crises in Yemen

The Central Emergency Response Fund (CERF) announced that it is allocating US$ 18 million for the urgent needs of people affected by the humanitarian crisis in Yemen, and to contribute to preventing famine and addressing rising levels of food insecurity.

The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) said in a statement that in 2023, the humanitarian crisis in Yemen will affect 17.3 million people.

According to the statement, more than two-thirds of infants and young children under the age of two years are not appropriately nourished and cared for, which solidifies the ground for increasing acute and chronic malnutrition among children under the age of 5.

Yemen’s humanitarian response continues to be severely underfunded, resulting in thousands of people being deprived of vital humanitarian assistance. To date, the Yemen Humanitarian Response Plan is only 23.5 per cent funded..

The Central Emergency Response Fund (CERF) is one of the fastest and most effective ways to ensure that urgently needed humanitarian assistance reaches people caught up in crises.

The Fund, established by the General Assembly in 2005, aims to enable humanitarian responders to deliver life-saving assistance whenever and wherever crises strike.

Source: Qatar News Agency

Iraqi President Discusses with Saudi Ambassador to Iraq Facilities to Hajj Pilgrims

Iraqi President Abdul Latif Jamal Rashid, received the Saudi Ambassador to the Republic of Iraq Abdulaziz bin Khalid Al-Shammari.

During the meeting, they discussed relations between the two countries and ways to develop them and reviewed the procedures and facilities that will be provided to pilgrims during this year’s Hajj season, according to a statement of the Iraqi presidency.

Iraqi President affirmed his country’s keenness to enhance mutual cooperation between the two countries to serve the interests of their peoples, praising the development in the historical relations between the two countries, the statement also added

Source: Saudi Press Agency

Oil Rises on US Debt Deal

Oil prices rose on Tuesday as the expectations the debt ceiling deal in US, the world’s biggest oil user, will spur more demand but fears of further interest rate rises and that OPEC+ will leave output quotas unchanged capped gains.

Brent crude futures climbed 35 cents, or 0.5 percent, to $77.42 a barrel after gaining 12 cents on Monday.

US West Texas Intermediate (WTI) crude rose 53 cents to $73.20 a barrel. There was no settlement on Monday because of a US public holiday.

Additionally, expectations are for US interest rates to rise further, potentially crimping economic growth and therefore oil demand.

US President Joe Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until January 1, 2025. The deal was ready to move to Congress for a vote.

Source: Qatar News Agency