SMIIC Board of Directors Extends Saudi Arabia's Chairmanship

SMIIC board of directors extends Saudi Arabia's chairmanship. (Asharq Al-Awsat)
SMIIC board of directors extends Saudi Arabia's chairmanship. (Asharq Al-Awsat)
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SMIIC Board of Directors Extends Saudi Arabia's Chairmanship

SMIIC board of directors extends Saudi Arabia's chairmanship. (Asharq Al-Awsat)
SMIIC board of directors extends Saudi Arabia's chairmanship. (Asharq Al-Awsat)

The General Assembly of the Standards and Metrology Institute for Islamic Countries (SMIIC) agreed to postpone the institute's elections and to extend the term of the chairmanship of the Board of Directors of the Governor of the Saudi Standards, Metrology and Quality Organization Dr. Saad bin Abdullah Al-Qasabi until the end of 2021.

The decision was made as Al-Qasabi presided over the meetings of the SMIIC's General Assembly and Board of Directors, which were held virtually with the participation of delegations of 39 Islamic countries, and three other countries with observer membership.

The Kingdom took part in the summit through a delegation chaired by Saud bin Rashid Al Askar, deputy governor for conformity at Saudi Standards, Metrology and Quality Organization (SASO).

The meeting discussed several topics, to ensure business continuity and facilitation at the institute during the COVID-19 pandemic, as well as memberships of Yemen, Chad and Bangladesh.

The gatherers approved the strategic plan of the Islamic institution 2020-2021 and the budget for the year 2021, as well as countries’ contributions to the same year.



GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA
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GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) said Thursday that the Industrial Production Index (IPI) statistics for November 2024 showed a 3.4% increase compared to the same month of the previous year.

This increase is driven by growth in mining and quarrying, manufacturing, water supply, sewerage, and waste management and remediation activities, GASTAT said.

Furthermore, the sub-index of mining and quarrying activity increased by 1.2%, and the sub-index of manufacturing activity increased by 7.2%.

The sub-index of electricity, gas, steam, and air conditioning supply activity recorded a decrease of 2.1%, and the sub-index of water supply, sewerage and waste management and remediation activities increased by 10.5%.

The IPI by main economic activities increased by 3.8% compared to the same month of the previous year, while the index of non-oil activities also increased by 2.4%.

GASTAT publishes the IPI monthly. It is an economic indicator that reflects the relative changes in the volume of industrial output. It is calculated based on the industrial production survey.