Cabinet approves law to curb money laundering

April 3, 2012

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Riyadh, April 3: The Council of Ministers yesterday approved the law for combating money laundering, which will also be applied to fight funding terrorism and terror organizations.


The Cabinet meeting, which was chaired by Custodian of the Two Holy Mosques King Abdullah, also approved the establishment of Makkah Techno Valley as a Saudi joint stock company.


“The new company is aimed at promoting a knowledge-based economy through partnership with educational and research institutions as well as the business and investment community,” said Culture and Information Minister Abdul Aziz Khoja.


Spelling out Makkah Techno Valley’s objectives, Khoja said it would invest in industries for the transfer of technology; prepare university students to work in the private sector; and create a suitable atmosphere for economically viable research projects.


The Cabinet statement indicated the Kingdom’s plan to issue a new law to combat crimes related to terror funding. “Rules related to the crimes of financing terrorism, terrorist acts and terror organizations specified in the anti-money laundering law will continue to be applied until the issuance of a new law to combat such crimes,” Khoja said.


During the Cabinet meeting, King Abdullah briefed the ministers on the outcome of his talks with Yemeni President Abd Rabbuh Mansur Al-Hadi and US Secretary of State Hillary Clinton in Riyadh.


The Cabinet commended the resolutions taken by the US-GCC Forum in Riyadh, which aims at setting out an official framework for promoting strategic political, military, security and economic cooperation between the two sides.


The Cabinet backed the call made by the forum to end the bloodbath in Syria immediately. It also reiterated its support for the UN envoy, Kofi Annan, for the success of his peace mission in Syria.


The forum called upon all countries that are related to the Syrian issue to support international efforts to solve the crisis quickly. The Cabinet insisted that the international efforts should give priority to immediately ending the killings in Syria.


The Cabinet commended various international efforts to contain the Syrian crisis, including the Friends of Syria conference in Istanbul that recognized the Syrian National Council as the legitimate representative of the Syrian people and an umbrella organization for opposition groups. The Cabinet praised Turkey’s honorable stand on the Syrian issue.


Referring to the nuclear security summit in Seoul, the Kingdom reiterated its desire to make Middle East free of nuclear weapons and make all possible efforts to avoid nuclear accidents and dangers.


Khoja said the Cabinet endorsed the security cooperation agreement with Malaysia, which was signed in Riyadh on April 18, 2011.


The Cabinet reappointed Prince Turki bin Saud bin Muhammad as vice president for research institutes at King Abdulaziz City of Science and Technology, for four years; Suleiman bin Ahmed Al-Oqail, minister plenipotentiary at the Foreign Ministry; Muhammad bin Ali Al-Mundarij, deputy mayor for construction and projects in Qassim; Saad bin Muhammad Al-Jasser, petroleum adviser at the Ministry of Petroleum and Mineral Resources; and Mansour bin Muhammad Al-Baziee, director general of legal department at the Transport Ministry.

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News Network
January 17,2025

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Despite the announcement of a ceasefire deal, Israel has intensified its airstrikes and artillery shelling on Gaza, especially its residential buildings, killing more than 100 Palestinians.

Gaza’s civil defense said on Friday at least 101 Palestinians, including 27 children and 31 women, have been killed by Israeli strikes in Gaza since the ceasefire announcement on Wednesday.

The attacks have also left more than 264 injured, according to the rescue agency.

Most of the killings came in Gaza City.

The report comes as Israeli attacks have shown no sign of slowing on the ground, with dozens of strikes reported on Friday.

In northern Gaza’s Jabalia, nine members of a Palestinian journalist’s family, including women and children, were killed.

Two more Palestinians were killed in a separate Israel airstrike in the Jabalia al-Balad area, in the north of Gaza. 

Jabalia has come under fierce attack since the Gaza ceasefire announcement this week. On Thursday, at least 20 were killed in one attack in the area.

At least five others were also killed in another attack that targeted a home, east of Khan Younis City, in Southern Gaza on Friday.

To the west of Khan Younis, three people were killed in attacks on tents housing displaced people.

Another tent was targeted in Nuseirat camp in central Gaza, killing one person.

That's while Israel’s prime minister Benjamin Netanyahu said he would convene his cabinet later on Friday to approve the long-awaited ceasefire.

Israel launched a genocidal war on Gaza on October 7, 2023, after the Palestinian resistance movement Hamas waged the surprise Operation Al-Aqsa Storm against the occupying entity in response to the Israeli regime's decades-long campaign of bloodletting and devastation against Palestinians.

The regime’s bloody onslaught on Gaza has so far killed at least 46,788 Palestinians, mostly women and children, and injured more than 110,453 others. Thousands more are also missing and presumed dead under rubble.

The ceasefire, announced on Wednesday, consists of three phases and would come into effect on Sunday over 42 days.

The truce deal stipulates that a large-scale prisoner exchange will occur, including the release of 1,000 prisoners from Gaza and hundreds of detainees serving lengthy sentences.

The first stage involves the release of 33 captives, including "children, women, female soldiers, men above 50, and the wounded and sick," as well as a gradual, partial withdrawal of invading Israeli units.

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News Network
January 14,2025

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Jeddah: In a significant step towards strengthening bilateral ties and religious collaboration, Saudi Arabia and India signed the 2025 Hajj agreement during a ceremony in Jeddah.

The agreement was formalized by Saudi Arabia’s Minister of Hajj and Umrah, Dr. Tawfiq F. Al-Rabiah, and India’s Minister for Parliamentary and Minority Affairs, Kiren Rijiju. The event was attended by key dignitaries, including the Indian Ambassador to Saudi Arabia, Dr. Suhel Ajaz Khan, and the Consul General of India in Jeddah, Fahad Ahmed Khan Suri.

Under the agreement, Saudi Arabia has allocated a quota of 175,025 pilgrims from India for the 2025 Hajj season. Of this, 70% of the slots will be managed by the Hajj Committee of India, while the remaining 30% (approximately 52,507 slots) will be facilitated by private Hajj Group Organizers in line with India’s Haj Policy 2025.

The agreement emphasizes improving the overall pilgrimage experience for Indian Hajjis, focusing on enhanced services, expanded facilities, and streamlined logistical arrangements.

Minister Kiren Rijiju expressed the Indian government’s commitment to providing the best possible services to pilgrims. “Our government is dedicated to ensuring an improved and hassle-free pilgrimage experience for all our Hajjis,” he stated. He also thanked Saudi authorities for their cooperation and support.

During his visit, Minister Rijiju met with Sheikh Dr. Mohammed Al-Issa, Secretary-General of the Muslim World League, to discuss interfaith dialogue and global peace initiatives. He acknowledged Dr. Al-Issa’s impactful visit to India and praised his efforts in promoting harmony.

The minister also visited the Jeddah Hajj Terminal to inspect and review the arrangements and preparations for Hajj 2025. This visit underscored the commitment to ensuring a seamless and enhanced pilgrimage experience for Indian Hajjis through meticulous planning and improved facilities.

Indian Prime Minister Narendra Modi welcomed the agreement, describing it as “wonderful news” for Indian Hajis. In a post on X, he reiterated his government’s unwavering commitment to improving the pilgrimage experience for devotees.

(Inputs from Dr P A Hameed Padubidri, Riyadh)

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News Network
January 22,2025

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Israeli forces have killed at least eight Palestinians and injured 35 others in an attack on the occupied West Bank city of Jenin, prompting Hamas to call for full mobilization of Palestinian youths against the occupation forces.

Palestinian media reported that the regime’s forces, backed by helicopters, raided Jenin and its refugee camp on Tuesday morning following several drone strikes.

The spokesman for the Palestinian security forces, Anwar Rajab, said in a statement that Israeli forces had "opened fire on civilians and security forces, resulting in injuries to several civilians and a number of security personnel, one of whom is in critical condition".

Israel’s military also confirmed that its soldiers, police and intelligence services had begun an operation, which Benjamin Netanyahu, the prime minister, described as a "large and significant" operation to "eradicate terrorism.”

The attack on Jenin, where the regime’s forces have carried out multiple raids and large-scale incursions over the past year, comes only two days after the start of a long-awaited ceasefire between Israel and the Palestinian resistance movement Hamas.

Hamas said in a statement that people in Gaza “mourn the martyrs of Jenin who fell to the fire and bombardment of the occupation.”

The resistance group also urged Jenin’s “rebellious youth to mobilize and escalate confrontations with the Israeli army.”

Hamas said that the offensive “launched by the occupation in Jenin will fail, just like all its previous military operations against our people,” in Gaza.

The resistance group, which fought Israeli forces for 741 days in the besieged Gaza Strip, said its unprecedented operation against the occupied territories in October 2023, was “the final nail in the coffin of the collapsing Israeli regime.”

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