Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Change sought in Saudi perception of Indonesia  Join our daily free Newsletter

MENAFN - Arab News - 17/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) A top indonesian diplomat sought here thursday to change the perception saudis have of his country saying that it is the world's 10th largest economy and not merely a labor-exporting nation.

abdurrahman mohammad fachir the indonesian ambassador said saudi businesspeople have so far failed to see the business potential in his nation.

indonesian pilgrims inject about 3 billion into the saudi economy annually said fachir during a business meeting at his riyadh residence.

'as the nation with the world's largest number of muslims indonesia sends about 900000 pilgrims for haj and umrah every year" said fachir. this year the nation has collected 5.4 billion from prospective pilgrims who each made a 2000 down payment to join the indonesia government's haj waiting list.

the business meeting in which the speakers stressed the need to strengthen saudi-indonesia ties in different sectors was attended by several officials and businessmen from both countries. abdurrahman sabran the embassy's minister counselor; fikdanel thaufik general manager of garuda indonesia; and shahid fareed garuda sales manager were also present.

fachir said two-way trade between riyadh and jakarta had been in the region of 8 billion annually in favor of the kingdom. 'indonesia has the 10th largest economy in the world according to a recent report by the world bank with the country contributing 2.3 percent of global economic output."

he said the report showed that the top nine are the united states china india japan germany russia brazil france and britain.

the middle-income economies of indonesia china india russia brazil and mexico now account for 32.3 percent of world gross domestic product. that compares with the 32.9 percent contributed by the six largest high-income economies the us japan germany france united kingdom and italy.

asked about the progress made on the defense cooperation agreement signed earlier this year fachir said an eight-member delegation from the indonesian defense sector would arrive in riyadh on sunday to hold talks with their counterparts. the joint panel would map out the details he said.

the envoy said the indonesian government has warned its pilgrims to take care of their health while performing umrah because of the spike in middle east respiratory syndrome (mers) coronavirus infections in saudi arabia and other countries. two indonesians who recently returned home from saudi arabia have died raising fears that there would be a mers outbreak on the archipelago.


 


Arab News




  MENA News Headlines
 Jul 28 2015 - Optibiotix completes study on cholesterol reducing capsuleProactiveInvestors - UK
(MENAFN - ProactiveInvestors)-- ADDS CHIEF EXECUTIVE COMMENT DETAIL AND SHARE PRICE Life sciences group Optibiotix (LON:OPTI) has completed a clinical study for its cholesterol reducing capsules with ...

 Jul 28 2015 - Most followed: GDP GKN Hikma Melrose Resources RSA Insurance supermarketsProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Conspiracy theorists who reckon governments juice up the economy so an economic revival coincides with a General Election may have to have a rethink. Either that or the ...

 Jul 28 2015 - Mosman Oil raises £400000 for deposit on acquisitionProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Mosman Oil and Gas (LON:MSMN) has raised £400000 from a placing to move forward the acquisition of a producing asset along and arrange for it to be ...

 Jul 28 2015 - Risers & Fallers including Edge Virgin Money Informa Dialight Royal Mail and more...ProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Below are the main news-driven share price movements at 12.15pm. RISERS Edge Resources (LON:EDG) up 16.8%. The company raised C$500000 through a private placement with ...

 Jul 28 2015 - UAE Etisalat telecom's profit dives 40% in Q2AFP
(MENAFN - AFP) UAE telecom giant Etisalat said on Tuesday its net profit plunged 40 percent in the second quarter because of higher depreciation and the impact of its troubled Saudi unit ...

 Jul 28 2015 - UAE hikes petrol prices 24%, cuts diesel 29%AFP
(MENAFN - AFP) The United Arab Emirates will hike the retail price of petrol by 24 percent but prices will still be low by international standards, a government committee announced on Tuesday. From ...

 Jul 28 2015 - Saudi Sipchem suffers 55% net loss in Q2MENAFN
(MENAFN) Saudi International Petrochemical Co. (Sipchem), records 55 percent profit loss in the second quarter, Arab News reported. According to a report, the International Petrochemical net loss is ...

 Jul 28 2015 - Saudi- Low sales, high costs put Tasnee in lossKhaleej Times
(MENAFN - Khaleej Times) Saudi Arabia's National Industrialisation, or Tasnee, on Monday said it swung to a net loss for the second quarter, which the petrochemical producer blamed on lower product ...

 Jul 28 2015 - Flat growth in Abu Dhabi housing rentsKhaleej Times
(MENAFN - Khaleej Times) The housing market in Abu Dhabi saw flat growth in rents during the second quarter of the year, while remaining stable this quarter, according to real estate investment and ...

 Jul 28 2015 - UAE hikes petrol prices by over 22%Khaleej Times
(MENAFN - Khaleej Times) The UAE on Tuesday made foray into the new era of zero-subsidy regime for fuel prices in Gulf Cooperation Council by announcing new prices for August.A high-powered ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help