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Saudi Arabia, Indonesia Discuss Investment in Hajj, Umrah

Pilgrims practice social distancing as they perform Umrah in the Grand Mosque in the holy city of Makkah, Saudi Arabia, October 3, 2020. Reuters
Pilgrims practice social distancing as they perform Umrah in the Grand Mosque in the holy city of Makkah, Saudi Arabia, October 3, 2020. Reuters
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Saudi Arabia, Indonesia Discuss Investment in Hajj, Umrah

Pilgrims practice social distancing as they perform Umrah in the Grand Mosque in the holy city of Makkah, Saudi Arabia, October 3, 2020. Reuters
Pilgrims practice social distancing as they perform Umrah in the Grand Mosque in the holy city of Makkah, Saudi Arabia, October 3, 2020. Reuters

An Indonesian delegation met on Tuesday with a number of Saudi businessmen and investors to discuss available investment opportunities in the Hajj and Umrah sector in the Kingdom.

Joko Asmoro, chairman of the Indonesian Muslim Association for Hajj and Umrah, said that pilgrims from his country would arrive successively after the re-opening of holy sites for the Umrah, following a seven-month closure caused by the Covid-19 pandemic.

Vice Chairman of the Chamber Marwan Shaban said the Indonesian delegation was interested in exploring investment opportunities that would include hotels, the import of Saudi dates and trade exchange in various Indonesian products.

Mazen Darar, member of the Makkah Chamber, said that means of cooperation and available investment opportunities were discussed during the meeting. He added that the two sides agreed on an expanded agenda and the organization of future workshops that would include a large number of investors from both sides.

Dr. Houriya al-Islami, member of the Indonesian Hajj Fund Management Agency in Indonesia, said that around one million Indonesians perform the Umrah annually, while 230,000 pilgrims perform the Holy Hajj.

“This encourages us to launch investments in this field,” she said.

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Libya's Eastern-based Gov't Announces Reopening of Oilfields

Libya's eastern-based government said on Thursday that oilfields and facilities would reopen (File photo by AFP)
Libya's eastern-based government said on Thursday that oilfields and facilities would reopen (File photo by AFP)
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Libya's Eastern-based Gov't Announces Reopening of Oilfields

Libya's eastern-based government said on Thursday that oilfields and facilities would reopen (File photo by AFP)
Libya's eastern-based government said on Thursday that oilfields and facilities would reopen (File photo by AFP)

Libya's eastern-based government said on Thursday that oilfields and facilities would reopen after a dispute over the leadership of the central bank was resolved, potentially ending a crisis that has slashed oil output, two government sources and local media said.
Libya has been divided since 2014 into rival authorities in the west and east that emerged following the fall of Muammar Gaddafi in a NATO-backed uprising in 2011.
The government in Benghazi in the east said oil production and exports would resume normal operations, according to the sources and media, after the rival authorities agreed last month to appoint a new central bank governor, Naji Issa, Reuters reported.
The government in the second-largest city had closed oilfields and halted most of crude exports on Aug. 26 in protest against a move by the Presidential Council, which sits in Tripoli in the west, to replace veteran central bank chief Sadiq al-Kabir.
The head of the Presidential Council, Mohamed al-Menfi, met with Issa on Wednesday and stressed "the need for the central bank governor to commit to the technical role of the bank, stay away from politics, and not surpass the legal jurisdictions of the board of directors."
Libya's National Oil Corporation (NOC) said on Aug. 28 that oil production had dropped by more than half from its typical levels due to the closures.
The North African country's crude exports averaged about 460,000 barrels per day in September, data from oil analytics firm Kpler show, down from more than 1 million bpd in August, shipping data show.