Saudi Arabia, EU Explore Cooperation in Higher Education

The meeting reviewed cooperation between Saudi Arabia and the European Union in higher education and research. (Asharq Al-Awsat)
The meeting reviewed cooperation between Saudi Arabia and the European Union in higher education and research. (Asharq Al-Awsat)
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Saudi Arabia, EU Explore Cooperation in Higher Education

The meeting reviewed cooperation between Saudi Arabia and the European Union in higher education and research. (Asharq Al-Awsat)
The meeting reviewed cooperation between Saudi Arabia and the European Union in higher education and research. (Asharq Al-Awsat)

The Saudi Ministry of Education and the EU Delegation of Erasmus+ program reviewed cooperation in higher education and research, with the participation of European experts and representatives of major universities in the Kingdom.

Funded by the EU, the Erasmus program is the first large-scale international action program to enhance the mobility of higher education students, focusing on lifelong learning to support education, training, youth, and sports in Europe.

Since its inception 35 years ago, over 13 million students have benefited from its programs. It has a budget of $27.9 billion running from 2021-2027.

The opportunities offered by Erasmus+ are now available to the Gulf region, where Saudi universities can establish partnerships with their European counterparts to exchange students and staff.

Speaking at the event, EU Ambassador to Saudi Arabia and Oman Christophe Farnaud said the EU is accelerating international cooperation in the academic field, offering tremendous opportunities for young Saudi students to study and live in Europe.

“Erasmus+ is designed to enhance two-way exchanges and also enable more Europeans to come to study in the Gulf, further bolstering our people-to-people contacts and our bilateral relations,” he added.

In May 2022, the EU announced its strategic partnership with the Gulf, which aims to expand and deepen cooperation between the two sides.

Several proposals between the EU and Saudi Arabia aim to enhance energy, green transformation, climate change, trade, economic diversification, regional stability, global security, and humanitarian and development challenges.



Turkish Annual Inflation Falls More Than Expected to 44.38%

A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo
A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo
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Turkish Annual Inflation Falls More Than Expected to 44.38%

A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo
A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo

Turkish annual consumer price inflation fell more than expected to 44.38% in December, official data showed on Friday, with education, housing and restaurant prices leading the rise.

Month on month, inflation was 1.03%, the Turkish Statistical Institute said, compared with 2.24% in November. Annual consumer price inflation (CPI) was 47.09% in November.

Furniture prices rose 2.78% from the previous month, data showed, while telecoms-related prices gained by 1.82%.

In a Reuters poll, the annual inflation rate was expected to fall to 45.2%, with the monthly figure seen at 1.61%, owing to easing food price inflation and a limited rise in energy prices.

The latest inflation print was close to the central bank's midpoint prediction of 44% for the end of 2024.

The bank, having kept its main interest rate steady at 50% since March, launched an easing cycle last week, cutting the policy rate by 250 basis points to 47.5%.

The bank said it will set policy "prudently" meeting by meeting with a focus on the inflation outlook while responding to any expected "significant and persistent deterioration".

The Turkish lira was little changed after the data at 35.3850 to the dollar, hovering around the record lows.

The domestic producer price index was up 0.4% month on month in December for an annual rise of 28.52%, the data showed.