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Kuwait, Saudi Arabia, UAE Pledge $10 Billion to Bahrain

Bahrain's Financial Harbor, left, and World Trade Center in Manama. (Reuters)
Bahrain's Financial Harbor, left, and World Trade Center in Manama. (Reuters)
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Kuwait, Saudi Arabia, UAE Pledge $10 Billion to Bahrain

Bahrain's Financial Harbor, left, and World Trade Center in Manama. (Reuters)
Bahrain's Financial Harbor, left, and World Trade Center in Manama. (Reuters)

Saudi Arabia, the United Arab Emirates, Kuwait and the Arab Monetary Fund (as a consultative party) announced the launch of a financial balance program to support the financial stability of Bahrain.

The program includes providing $10 billion to achieve a balance between government expenditures and revenues by 2022.

The program will provide soft loans to fund the financial balance program that aims at accomplishing public finance stability and continuing the motivation of economic growth of Bahrain.

On Thursday, ministers of finance of the concerned states convened in Bahrain where they signed on the arrangements of the financial cooperation between their governments.

On June 27, Saudi Arabia, UAE and Kuwait revealed a comprehensive economic program to support the financial stability of Bahrain.

Sheikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister and Chairman of the Ministerial Committee for Financial Affairs and Control of Spending, stressed that Bahrain seeks to accomplish the goals of comprehensive development, which were put by King Hamad bin Isa Al Khalifa.

Bahrain's Minister of Finance Sheikh Ahmed bin Mohammed Al Khalifa said: "With spending reductions commencing in the short term and the target of eliminating the budget deficit by 2022, the program secures the foundations of an economy that affords even more opportunity, more jobs, and greater living standards for the Kingdom's generations of today and tomorrow."

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Saudi Interior Ministry's Continuous Efforts Enhance National Security Landscape

The Saudi Ministry of Interior has achieved remarkable results in its strategic indicators under Saudi Vision 2030’s Quality of Life Program. (SPA)
The Saudi Ministry of Interior has achieved remarkable results in its strategic indicators under Saudi Vision 2030’s Quality of Life Program. (SPA)
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Saudi Interior Ministry's Continuous Efforts Enhance National Security Landscape

The Saudi Ministry of Interior has achieved remarkable results in its strategic indicators under Saudi Vision 2030’s Quality of Life Program. (SPA)
The Saudi Ministry of Interior has achieved remarkable results in its strategic indicators under Saudi Vision 2030’s Quality of Life Program. (SPA)

The Saudi Ministry of Interior (MOI) has achieved remarkable results in its strategic indicators under Saudi Vision 2030’s Quality of Life Program.

The “Level of Trust in Security Services” indicator recorded an impressive 99.77% in 2023, surpassing the 2030 target by 111%. Additionally, the “Premeditated Murder Rate per 100,000 Population” indicator achieved an actual rate of 0.59, exceeding the 2030 target by 119%.

The MOI and its sectors have made significant advancements in their security and humanitarian systems across all levels. (SPA)

According to a statement by the MOI on Monday, these achievements are credited to the consistent support of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister.

The MOI and its sectors have made significant advancements in their security and humanitarian systems across all levels, delivering high-quality services to citizens, residents, and visitors alike. These efforts strengthen societal security and benefit all individuals residing in the Kingdom, contributing to a comprehensive national security renaissance, said the statement.

The “Level of Trust in Security Services” indicator recorded an impressive 99.77% in 2023, surpassing the 2030 target by 111%. (SPA)

This progress has been driven by initiatives such as “Pioneering Police Centers,” the “Unified Security Operations Center (911),” the “Unified Crime Classification System,” “Security Equipment,” and the enhancement of the “Aman Platform,” all of which underscore the Kingdom’s enduring commitment to safety and security.

These achievements are credited to the consistent support of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister. (SPA)