After the visit of His Majesty King Salman bin Abdul Aziz to Russia, it is considered the first, largest and most successful at all, where many agreements were signed in all fields. The meetings of the Saudi-Russian Joint Governmental Committee were held on Thursday with the participation of a number of Saudi and Russian companies representing many sectors Economic priority on the agenda of economic cooperation between the two countries
Saudi Arabia and the Russian Federation affirmed on Monday their keenness to activate areas of cooperation in various sectors and their joint desire to activate the agreements, memoranda and programs signed during the visit of the Custodian of the Two Holy Mosques to the Russian Federation last month.
It is well known that the cooperation and investment prospects between Saudi Arabia and Russia reached a total of 25 billion dollars in a number of fields. A memorandum of understanding was signed to establish a joint fund worth $ 1 billion to implement projects in the energy sector.
The two sides also discussed cooperation in the joint technical team and the recently signed road map in Moscow, as well as studying the expansion of cooperation between the Public Investment Fund and the Russian Fund for direct investment in a number of investment fields in both countries. For educational institutions.
In the field of agriculture and food security, the two sides stressed cooperation in the export of animal products to the Kingdom and welcomed the participation of Russian companies specialized in grain trade in the Kingdom's tenders for the supply of barley and wheat to the Saudi market as well as cooperation in the fields of health, technical and vocational training.
At the conclusion of the fifth session of the joint Saudi-Russian committee in Riyadh, the two sides stressed the two countries' resolve to promote industrial cooperation through joint efforts and initiatives in various fields, including the aluminum industry.
On the other hand, the Saudi-Russian Business Council held a meeting in the presence of the Minister of Trade and Investment, Dr. Majid al-Kasabi, Russian Energy Minister Alexander Novak, and the Governor of the General Authority for Investment Eng. Ibrahim Al-Omar, during which he discussed economic cooperation relations and mechanisms for their development.
Source |agency WAM
By /Abeer Almadawy
In his first visit to Russia,king of Saudi Arabia Salman bin Abdulaziz that is considered as a historical visit is done by a leader of gulf ,the king praised the strong relations between Russia and Saudi Arabia.
the Russian president Viladmir Putin who received the king also confirmed on the understanding of his country to the great benefits of the relations with Saudi Arabia and affirmed on his hope for more ties with Riyadh.
After the official ceremony of the reception both leader have held talks with each other.
one of the most subjects the leaders discussed together was the Syrian crisis where the king of Saudi Arabia said that this crisis must end soon and he is ready for all solutions in this file .
Also the crisis with terrorism and the war on ISIL (Daesh)
president putin praises the efforts has done by the kingdom to confront them
min the sidelines of the discussion,Putin discussed the problem between the gulf countries and Qatar ,hoping to reach to a good solution can be acceptable by all the partners.
it is said that the visit will continue for three days and the kingdom will sign number of treatments with Russia in different fields of technology,power and energy and economic investment.
by ;Abeer Almadawy
In a press release issued by both the Egyptian and Russian Defense Ministry in which said that the training of The protective of mutual friendship 2017, which comes in cooperation between the Egyptian and the Russian armies began its effectiveness on Sunday through the start of training activities for Russian air force and parachute units, Russia from September 9 to September 22
The statement issued by the Egyptian Ministry of Defense in this regard said that the activities started with "the arrival of the Egyptian forces to the training area in the city of Novorisk, Russia. The symbolic elements of the participating forces from both sides were raised. The Egyptian and Russian flags were raised and the military music played the national peace of the two friendly countries."
The training is the first of its kind in Egypt in October 2016. It is one of the most important joint exercises for parachuting units, which represents a fertile environment for the exchange of different training experiences.
It includes many activities and events, The work of the projection of personnel, equipment and armored vehicles, as well as training in combat operations of special forces and counter terrorism in accordance with the latest modern training systems.
The Russian Defense Ministry said Saturday that the joint Russian-Egyptian parachute exercise was the first of its kind since it was being conducted on Russia's territory, explaining that its aim was to develop common standards between the two sides in the airdrops.
The Russian ministry said the tactical exercises would take place on mountainous terrain in the military field of Ravenskoye, and would involve about 600 soldiers from both countries, as well as 100 units of military equipment.
Source: The Egyptian and Russian Ministries of Defense - Russia today
By /Abeer Almadawy
Egyptian army is known with its power as it is ranked as the first Arab and is considered one of the strongest armies in the world and comes in the tenth rank according to the last classification
On June 2, 2016, Egypt received the first Mestral helicopter carrier, nicknamed Gamal Abdel Nasser, The second carrier took over in September of the same year ... But after a while Egypt discovered that both of the two normal pieces that changed its combat and did not enter the technology and
Quoting the site of Russia today, saying that Egypt has used the Russian experience to convert the pilots of the two planes, Mistral Abdel Nasser and Sadat, which got them in two deals from France after the disruption of these relations between Russia and France because of sanctions by EU.
And that Egypt has received the two Mestral from France earlier last year discovered that they are devoid of technology
And thus formed a development committee for both carriers and so Russia will provide full support and stability of the deal to lead the training of Egyptian pilots in addition to the development and addition of technology for these carriers
According to the site of Russia today said
"Egypt obtained Mistral from France, but without the technology of the Mistral ships and its own armament equipment, which Russia had built so that Mistral would not be a naval vessel like any ship that could not launch naval attacks."
The report provided information that Russia would cooperate with Egypt to transform
"Mistral" Egyptian to lethal weapon, how will you do this?
Russia has been preparing after the negotiations with Egypt to supply special equipment and technology to Egypt, to prepare the aircraft carriers "Mistral"
Egypt looked for a state that could turn these ships from ordinary navy into a deadly naval weapon, and finally found that Russia was the best country in this cooperation, especially since it had already manufactured the equipment and technology of the carriers.
In this regard, Russia has proposed to Egypt to supply the Egyptian Mestral helicopters with weapons systems, modern military equipment, electronic warfare devices, navigation equipment and auxiliary devices
Not only did Russia provide total support to Egypt through modern technology, but it had already won a big tender announced by Egypt, and will supply 15 helicopters of the type "Ka 52k" (crocodile) to Egypt before the end of this year, Russia ", Andrey Boginsky:" In August we plan to supply the second batch of three helicopters "Ka 52K" to Egypt.
He added: "The first three helicopters were supplied, and the Egyptian experts are being trained to use them." In general, 15 K-52 helicopters are scheduled to be supplied to the applicant in 2017.
The K-52K is an amendment to the Ka 50, known as the Black Shark, designed to detect and identify various targets, both mobile and fixed, as well as the destruction of armored vehicles, enemy helicopters and low-flying aircraft.
The main distinguishing feature of the Marine version of the "Ka 52K" helicopter is the carrier system, which allows the chopper blades to fit into the "Mistral" carrier.
In 2011, Russia and France signed a contract under which Paris would supply 1.2 million Euros with two helicopters. The contract provided that Moscow would receive the first carrier in November 2014, but the situation in Ukraine The sanctions imposed by Western countries on Russia against the backdrop of the Ukrainian crisis prevented the fulfillment of Paris obligations under the deal.
Later, France agreed with Egypt to sell the ships. The first was handed over last June and Gamal Abdel Nasser was named. In September, Egypt received the second helicopter carrier named Anwar Sadat.
By /Abeer Almadawy
During these days China is preparing to open BRICs summit (3 September to 5 September)under huge international interest and expectations of a difference in the view of its influence on the major economic troubles worldwide.
China will host the 9th BRICS summit in Xiamen on September 3rd, 4th and 5th, 2017. With the presence of world presidents from more than 18 countries as guests.
BRICs who gathered the most development countries who already have strong and stable economic growth with its five partners Brazil,Russia,India China ,and South Africa;prepares to wide its organization with more countries who share the same economic growth language.
The term does not include countries such as South Korea, Mexico and Turkey for which other acronyms and group associations were later created.
But the 9th Summit version of 2017 is going to wide itspartners with the presence of Egypt who get an invitation from the China to share this summit ,in a prospection that Egypt will join in BRICs plus later. As one of the promises economic growth countries. Other countries also are looking forward to join this treatment.
But before moving to the news of BRICS , it is good to examine your knowledge and know more information about this economic summit that gathers Brazil,Russia,India,China South Africa. Then know why this economic summit BRICS is important so that world now interested to follow its news special the biggest the governments worldwide .
The BRICS Forum, an independent international organisation encouraging commercial, political and cultural cooperation between the BRICS nations, was formed in 2011.
is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010.The BRICS members are all leading developing or newly industrialized countries, but they are distinguished by their large, sometimes fast-growing economies and significant influence on regional affairs; all five are G-20 members.Since 2009, the BRICS nations have met annually at formal summits.
As of 2015, the five BRICS countries represent over 3.6 billion people, or about 40% of the world population;
all five members are in the top 25 of the world by population, and four are in the top 10. The five nations have a combined nominal GDP of US$16.6 trillion, equivalent to approximately 22% of the gross world product, combined GDP (PPP) of around US$37 trillion and an estimated US$4 trillion in combined foreign reserves.
Overall the BRICS are forecasted to expand 4.6% in 2016, from an estimated growth of 3.9% in 2015. The World Bank expects BRICS growth to pick up to 5.3% in 2017.
The BRICS have received both praise and criticism from numerous commentators.Bilateral relations among BRICS nations have mainly been conducted on the basis of non-interference, equality, and mutual benefit.
other speculation of Development ;
The BRICS Forum, an independent international organisation encouraging commercial, political and cultural cooperation between the BRICS nations, was formed in 2011.In June 2012, the BRICS nations pledged $75 billion to boost the lending power of the International Monetary Fund (IMF). However, this loan was conditional on IMF voting reforms.In late March 2013, during the fifth BRICS summit in Durban, South Africa, the member countries agreed to create a global financial institution which they intended to rival the western-dominated IMF and World Bank.After the summit, the BRICS stated that they planned to finalise the arrangements for this New Development Bank by 2014.However, disputes relating to burden sharing and location slowed down the agreements.
At the BRICS leaders meeting in St Petersburg in September 2013, China committed $41 billion towards the pool; Brazil, India and Russia $18 billion each; and South Africa $5 billion. China, holder of the world's largest foreign exchange reserves and who is to contribute the bulk of the currency pool, wants a greater managing role, said one BRICS official. China also wants to be the location of the reserve. "Brazil and India want the initial capital to be shared equally. We know that China wants more," said a Brazilian official. "However, we are still negotiating, there are no tensions arising yet."On 11 October 2013, Russia's Finance Minister Anton Siluanov said that a decision on creating a $100 billion fund designated to steady currency markets would be taken in early 2014. The Brazilian finance minister, Guido Mantega stated that the fund would be created by March 2014.However, by April 2014, the currency reserve pool and development bank had yet to be set up, and the date was rescheduled to 2015. One driver for the BRICS development bank is that the existing institutions primarily benefit extra-BRICS corporations, and the political significance is notable because it allows BRICS member states "to promote their interests abroad... and can highlight the strengthening positions of countries whose opinion is frequently ignored by their developed American and European colleagues."
In March 2014, at a meeting on the margins of the Nuclear Security Summit in The Hague, the BRICS Foreign Ministers issued a communique that "noted with concern, the recent media statement on the forthcoming G20 Summit to be held in Brisbane in November 2014. The custodianship of the G20 belongs to all Member States equally and no one Member State can unilaterally determine its nature and character." In light of the tensions surrounding the 2014 Crimean crisis, the Ministers remarked that "The escalation of hostile language, sanctions and counter-sanctions, and force does not contribute to a sustainable and peaceful solution, according to international law, including the principles and purposes of the United Nations Charter."This was in response to the statement of Australian Foreign Minister Julie Bishop, who had said earlier that Russian President Vladimir Putin might be barred from attending the G20 Summit in Brisbane.
In July 2014, the Governor of the Russian Central Bank, Elvira Nabiullina, claimed that the "BRICS partners the establishment of a system of multilateral swaps that will allow to transfer resources to one or another country, if needed" in an article which concluded that "If the current trend continues, soon the dollar will be abandoned by most of the significant global economies and it will be kicked out of the global trade finance.
Over the weekend of 13 July 2014 when the final game of the World Cup was held, and in advance of the BRICS Fortaleza summit, Putin met his homologue Dilma Rouseff to discuss the BRICS development bank, and sign some other bilateral accords on air defence, gas and education. Rouseff said that the BRICS countries "are among the largest in the world and cannot content themselves in the middle of the 21st century with any kind of dependency." The Fortaleza summit was followed by a BRICS meeting with the Union of South American Nations president's in Brasilia, where the development bank and the monetary fund were introduced.The development bank will have capital of US$50 billion with each country contributing US$10 billion, while the monetary fund will have US$100 billion at its disposal.
On 15 July, the first day of the BRICS 6th summit in Fortaleza, Brazil, the group of emerging economies signed the long-anticipated document to create the US$100 billion New Development Bank (formerly known as the "BRICS Development Bank") and a reserve currency pool worth over another US$100 billion. Documents on cooperation between BRICS export credit agencies and an agreement of cooperation on innovation were also inked.
At the end of October 2014, Brazil trimmed down its US government holdings to US$261.7 billion; India, US$77.5 billion; China, US$1.25 trillion; South Africa, US$10.3 billion.
In March 2015, Morgan Stanley stated that India and Indonesia had escaped from the 'fragile five' (the five major emerging markets with the most fragile currencies) by instituting economic reforms. Previously, in August 2013, Morgan Stanley rated India and Indonesia, together with Brazil, Turkey and South Africa, as the 'fragile five' due to their vulnerable currencies. But since then, India and Indonesia have reformed their economies, completing 85% and 65% of the necessary adjustments respectively, while Brazil had only achieved 15%, Turkey only 10%, and South Africa even less.
After the 2015 summit, the respective communications ministers, under a Russian proposal, had a first summit for their ministries in Moscow in October where the host minister, Nikolai Nikiforov, proposed an initiative to further tighten their information technology sectors and challenge the monopoly of the United States in the sector.
Since 2012, the BRICS group of countries have been planning an optical fibre submarine communications cable system to carry telecommunications between the BRICS countries, known as the BRICS Cable.Part of the motivation for the project was the spying of the National Security Agency on all telecommunications that flowed across the US.
IMF Outlook for BRICS ,China agency for News
Earlier today Seven people have been injured after a knifeman attacked pedestrians in the street in the Russian city of Surgut.
ISIL claimed responsibility for a stabbing attack that left at least seven people injured in the Russian city of Surgut on Saturday.
The terrorist group made the announcement via its propaganda outlet, Amaq news agency.
Earlier in the day, Russian investigators said they have identified the knife-wielding man, who was shot by law enforcers after his stabbing spree.
"Investigators have identified the attacker now. According to preliminary information, he was a local resident born in 1994," Russia's Investigative Committee said in its latest statement.
An earlier statement issued by the committee said the attacker stabbed pedestrians while moving along the city's main streets at about 11:20 a.m. local time (0620 GMT), leaving eight people injured with wounds of varying degrees, while the reportedly updated information said the number of injured in the attack is seven.
Social media images from the scene showed a police officer kneeling over the suspect who was lying on the ground with his face covered.
Surgut has a population of around 350,000 and is a major oil and gas hub, 1,300 miles northeast of Moscow.