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December 2008
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Queen Rania and Crown Prince Haakon Meet Over Education Summit

Queen Rania is in Oslo this week for the a UNICEF summit on education for young girls in the world. She was greeted by Norway’s Crown Prince Haakon. rania_haakon

By kissing her hand,  Haakon displayed the friendship and respect he has for the Queen of Jordan. She and her husband, King Abdullah, have had close ties with the Norwegian royal family ever since their state visit in 2000. Both royal families have quite a few causes in common, and one of them is education.

Queen Rania often campaigns for education issues on behalf of the United Nations. The Crown Prince was in Mongolia recently where he saw firsthand how education is being handled in the country.

Queen Rania met with the Norwegian King and Queen, and Crown Prince Haakon to the official lunch at the Palace in the days before they met again at the meeting “Eight High Level Group meeting: Education for all” under the auspices of UNICEF held at Oslo City Hall.

“Queen Rania calls herself a working queen – and has made it her life mission to improve women and children living in their own country and in the rest of the world. She is particularly concerned to give young girls education – and have engaged themselves in their own school projects in Jordan, “said court reporter in the See and Hear, Kjell Arne Totland to Norway’s Side2 newspaper.

During the two-day meeting,  the state leaders, aid ministers, education ministers and leaders of international organizations discussed the global community’s collective efforts in achieving the UN Millennium goal on education for all children by 2015.

“The economic crisis in the world must not prevent us from focusing on education for all children. Education is key to combating poverty, “said Queen Rania.

“There are always girls who drop out from education first. That is why it is so important to make an effort for them. When the girls take education, we see that their health is better, they have increased confidence and have fewer children, “the Queen continued.

Since 2000, 40 million more children received education in the world, but there’s still 75 million children who receive no basic education.

“To achieve the goal of education for all, they need more capital and 18 million more teachers in the world. Only in Africa, there is a need for 4 million additional teachers, “said Nicholas Burnett, Deputy Director of Education in UNESCO.

The Norwegian aid to education was around 10 percent of the total aid in 2007. Norway supports basic education programs in, among other places, Zambia, Nepal, Bangladesh, Vietnam and Madagascar, as well as educational programs in Pakistan and Afghanistan.

Saudi Royals Feeling The Credit Crunch

Saudi Arabia, a desert kingdom rich with oil and royals, is also seeing its promises being dried up the global credit crunch. Its royals – King Abdullah and Prince Alwaleed – are seeing delays in development and a loss of personal wealth. ra2129355703

The Saudi King had plans this year to develop the King Abdullah Economic City near Jeddah on the Red Sea. It was intended to be a place for the kingdom’s plans to diversify its economy and create a private-sector employment for a growing young population.

The city was supposed to attract both foreign and domestic companies to the city to create one million jobs and a population of two million people.

But instead, the global economic crisis set in, and developers now are having to increase their focus on luring Saudi businesses to its investment zones, according to Joseph Kilar, chief operating officer at Emaar, the Economic City (EEC), the developer.

“People are going to be hesitant to make a move from outside so we want to focus on the Saudi market,” he told the Financial Times. “Right now everybody is so cautious to do anything: that’s the problem even if it’s a good deal.”

The city is one of four economic cities launched by Saudi Arabia in an effort to ease social pressures and develop the economy. In spite of its oil wealth, the kingdom faces daunting challenges as it has the Gulf’s largest population, high unemployment and a sizeable lower and middle-income population.

Mr Kilar said the fundamentals for the city remained solid. “The population is still growing, the need for industry is still growing . . . and with the growth they are projecting you just can’t do it in cities that are existing today.”

2008_11_20t104925_450x324_us_citigroupMeanwhile, a relative of King Abdullah, Prince Alwaleed bin Talal, considered to be “Arabian Warren Buffet” by Time magazine, is seeing his wealth dwindle. Not by much, it shows that even the very wealthy are being hit by the credit crunch.

The biggest shareholder of Citigroup saw his wealth go down by one-fifth, according to local reports. In other words, he went from being worth $21 billion, to $17 billion.

Prince Alwaleed still topped Arabian Business’ 2008 list of the world’s richest Arabs some distance ahead of Nasser Al Kharafi, the patriarch of the influential Kharafi merchant family of Kuwait. Mr Kharafi’s net worth fell to $9.6bn according to the magazine.

The Prince was born to Prince Talal, son of the founding King of Saudi Arabia, Abdul Aziz al Saud and Princess Mona El-Solh, daughter of Riad El-Solh, the Prime Minister of Lebanon. He is also a cousin of Prince Moulay Hicham of Morocco whose mother is Mona’s sister.

This article is based on the Financial Times