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Malaysia Saudi Arabia Relations Saudi BRIDGING YOUYOU TOTO THEMALAYSIA ARAB WORLD Malaysia and the Arab World Arabic English Monthly Magazine (15thth ofof EveryEvery Month),Month), IssueIssue 93,95, SeptemberNovember 20162016 // PPPP 16000/07/2013(032927)16000/07/2013(032927) MALAYSIA SAUDI ARABIA RELATIONS UAE SAUDIIslamic Banking Set to Achieve USD263SCHOLARSHIP billion By 2019 STUDENTS CAN NOW ENROLL IN MALAYSIAN UNIVERSITIES 9 772462 249006 ISSN ISSUE 95 RM 6 2462-2494 PP 16000/07/2013(032927) MALAYSIA, UAE AND BAHRAIN IN THE TOP 3 OF GIEI GLOBAL INDICATOR 95 On Board ASWAQ INFO EDUCATION... AND THE RENAISSANCE DIGITAL ISSUE The late Indian leader Mahatma Gandhi said, "because we are poor; we can only spend on education"... henceforth, the Malaysian government declared its budget for 2017, which arose the topic of the role of education renaissance of nations, their development and happiness which secures the future of next generations, as observers of the budgets of developed countries, notes that allocations for education and scientific research CHAIRMAN EDITORIAL QATAR OFFICE: outweigh the amounts allocated for other categories in their budgets. Dato Noor Mohamad Mohamed Al Soofi Tel: +974 6668 2824 The experiences of developed countries, such as Japan, Korea and Mohamed Hassan Mob.: +974 33115135 Singapore emphasizes that to develop the country without paying attention EXECUTIVE EDITOR-IN-CHIEF Maher Ibrahim Director & DG Yusuf Waswas Mohamad Al Boutary to its educational system could prove futile at best, and here is Malaysia Dr. Abdulrahim Abdulwahid Eiad Mahmoud Yousuf within a few decades achieved an outstanding progress in the educational Abdul Karem Al Jamal OMAN OFFICE: CONSULTANT BOARD Heba Mostafa Hashem Mob.:+968 92925677 renaissance, and exceeded the regional borders to become global, and Datuk Seri Azman Ujang Zanib Abdulrahim Director now ranks high amongst nations in the quality of education, furthermore, it Dato Tuan Ibrahim Mohamad Saad ART DIRECTOR became a role model imitated by many countries world-wide. EXECUTIVE MANAGER Manal Basalamah PRINTING The new budget of Malaysia 2017 is set around 260.8 billion Ringgit, and Alaa Abdulwahid Superior Press Sdn Bhd the allocation for education was increased to 5.9 billion Ringgit, despite MARKETING PP13331/08/2013(032685) Dr. Abdulrahim Abdulwahid Mohammed AbdulRaheem Lot2063A, Jalan Kusta, the dwindling status in the global economy, caused directly by the decline PR AND PUBLISHING Executive Editor-in-Chief & DG www.aswaqpress.com MANAGER Amal Mahfoudh Sungai Buloh in oil prices globally and the slow recess of both the US and Chinese Kawasan Industri Taman [email protected] [email protected] Giath Fowze DISTRIBUTION Jaya, economies, which explains the government's interest to provide whatever’s 47000 Selangor Darul FINANCIAL MANAGER Waleed Salama possible for the welfare of the people, as well as boosting the economy and aswaqpress Ehsan Sara Yasmin DISTRIBUTION CENTERS development of the Malaysian society fulfilling all its needs. Malaysia, UAE, Saudi Malaysia is fully aware of the importance of education and its consequences, EDITING MANAGER Arabia, Anas Salman the nation is constantly raising education standards, thus, leading to the Qatar, Kuwait and Oman development and growth of different sectors of the society, effectively and PUBLIC RELATIONS E-MEDIA Basem Ayad positively affecting the community. Therefore, 2017’s budget confirms the Mohamed Al Soofi pursuit of the current Malaysian government as is the case in the previous governments since its independence in 1957 to invest in human resources, where 7.4 billion Ringgit were allocated for the higher education sector poured into 20 public universities. It should be pointed out that South Korea's experience stands clearly in front of us, as the country was considered one of the world's poorest, but they MALAYSIA UNITED ARAB EMIRATES No.34-3(3rd Floor), Jalan 25/70A, Dubai, Deira, Abu Hail, New Safia Building, overcame the lack of resources, to become among the G20 (Greatest 20 Desa Sri Hartamas, 50480 Kuala Lumpur. M. Floor, Office 53A ،Tel: +603 6201 8841 / 8842 Tel: +971 4 2972740, 2971577 [email protected] Mob.: +971 50 646 97 51 Nations) in terms of economic strength. which is commonly known as the www.aswaqpress.com E-mail: [email protected] Facebook.com/aswaqpress www.mediahubintl.com miracle of "Han River" as in less than 30 years, the education budget in Korea increased more than 155-fold, jumping from US$ 300 million to US$ 47 billion! which is equivalent to 18% of total government expenditures. But we, in the Arab world, the spending on education comes at the tail end DISTRIBUTION LOCATIONS of our concerns, as almost all Arab nations spend less and less on education EMIRATES AIRLINES BUSINESS LOUNGE PAVILION MALL KUALA LUMPUR SUNWAY LAGOON PARK ROYAL HOTEL KL MALAYSIAN AIRLINES (IN-FLIGHT) POPULAR BOOKSTORE and scientific research, compared to many of the poorest African countries TIMES BOOKSTORE TIMES THE BOOKSHOP BERJAYA BOOKS WH SMITH (KLIA, LANGKAWI AIRPORT, PENANG AIRPORT) COLD STORAGE which possess a higher proportion of spending on education. MY HERO MERCATO AEON BIG ASWAQ Magazine | November 2016 5 ASWAQ INFO ASWAQ INFO MALAYSIA, UAE AND BAHRAIN IN THE TOP 3 OF GIEI GLOBAL INDICATOR MALAYSIA EYES NEW INFRA- STRUCTURE DEVELOPMENT INDEX PROJECTS IN SAUDI ARABIA 10 16 DUBAI ECONOMY TRACKER INDEX INDICATES FASTER GROWTH IN THIRD 8 QUARTER 18 MALAYSIA, SAUDI AGREE TO ENHANCE BILATERAL TIES TO ENSURE WELL-BEING 12 OF UMMAH MALAYSIA-SAUDI ARABIA RELATIONS SAUDI SCHOLARSHIP STUDENTS CAN NOW ENROLL IN MALAYSIAN 15 UNIVERSITIES 6 ASWAQ Magazine | November 2016 ASWAQ Magazine | November 2016 7 REPORT REPORT Prince Sultan Bin Salman bin Abdulaziz, President of Saudi Commission for Tourism and National Heritage (R), and Minister of Tourism and Culture of Malaysia Mohammad Nazari Abdulaziz (L) signing a MoU for cooperation in the field of tourism. (May 2016) Islamic Conference (OIC). This relationship has for the second phase of the Port Project in Penang been culminated by a royal visit of His Majesty Island and Timur-Barat highway projects. King Faisal Bin Abdul Aziz Al Saud (May Allah bless Under the leadership of the former fifth Premier, Saudi King Salman bin Abdulaziz (R) meeting Malaysia's Prime Minister his soul) to Malaysia in the summer of 1970. Tun Abdullah Badawi, and the current Prime Najib Razak at the royal palace in Riyadh. (March 2016) The third millennium witnessed a remarkable Minister of Malaysia, Mohd. Najib Abdul Razak, development in this relations and the high-level Malaysia’s economic relationship with Saudi contacts, with the visit of the Custodian of the Two Arabia has continued to develop. Bilateral trade Holy Mosques King Abdullah bin Abdul Aziz Al Saud rose from US$260 million in 1990 to US$3.66 billion MALAYSIA-SAUDI ARABIA RELATIONS to Malaysia at the end of January 2006 aimed at in 2012. Saudi Arabia has emerged as Malaysia’s devoting the relations between the two countries 19th largest trading partner, 22nd largest export Kuala Lumpur – “ASWAQ and their development in various fields as well as destination, and 16th largest source of imports. The Malaysian-Saudi relations have been a long-standing relationship open new areas for cooperation. Since 1990, Saudi investment in Malaysia has with deep historical roots which are mutually recognized, amicable and totaled a whopping RM2.6 billion. Progress in fruitful. This relationship has now expanded into areas of religious-cultural, Moving Forward Towards a Broader, Deeper the banking sector is a good example. In 2006 economic, and all other aspects of the bilateral relationship which include Relationship (following the present King Abdullah Abdul Aziz’s complex and multifaceted fields with significant potential for further This bilateral relationship has since evolved and visit to Malaysia) the Al-Rajhi Bank, the world’s development. become more balanced and multifaceted. largest Islamic bank and one of the largest However, the pattern of the relationship began to joint stock companies in the Kingdom, was Historical Relations spiritual ties has formed a solid foundation of change after Tun Dr. Mahathir became Malaysia’s successfully launched in Malaysia. Since then, 24 The relationship between the Kingdom of Saudi this relationship, whereas the political relations fourth Prime Minister (1981–2003). branch offices have been established throughout Arabia (KSA) and Malaysia dates back to early between these two countries are based on mutual Dr. Mahathir adopted a foreign policy of "active Malaysia. 1960s with the establishment of diplomatic understanding and respect. internationalism" which included placing greater Malaysia has also been successful in attracting relations based on mutual respect aiming to work The political relations between the two countries emphasis on engaging Islamic countries while Saudi tourists. Malaysia's External Trade together to develop this relationship in all fields. have gone through various stages of development deepening ties with Malaysia's ASEAN neighbours. Development Corporation (MATRADE) has With the opening of the Royal Embassy of Saudi with excellence, especially during the seventh During the early years of Dr. Mahathir’s government, encouraged businesses to tap into the Saudi Arabia in Kuala Lumpur, and Malaysia Embassy in decade of the last century. Malaysia has played Malaysia continued to receive Saudi financial market through the Kingdom’s 9th Five-Year Jeddah in mid-1961, KSA receives great
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