Riyadh Economic Forum Announces 30 Development Proposals

Riyadh Economic Forum Announces 30 Development Proposals
TT

Riyadh Economic Forum Announces 30 Development Proposals

Riyadh Economic Forum Announces 30 Development Proposals

The Riyadh Economic Forum, in cooperation with KPMG, announced that it had reached 30 proposals on development and diversification.

The Riyadh Economic Forum is one of the largest that discusses the future of the sectors and activities of the Saudi economy.

Chairman of the Board of Trustees, Khaled al-Rajhi, said that the Board stressed the need to increase the activities and products of the Forum to keep pace with the economic developments in the Kingdom.

Rajhi reiterated the importance of the workshop's products in diversifying its activities.

The participants in the workshop submitted more than 31 proposals for several activities, including conducting studies to develop the chambers of commerce committees, creating several economic indicators, and establishing strategic partnerships with international and regional forums and international universities.

The proposals also suggest preparing several studies in cooperation with major companies and benefiting from the experiences of businessmen.

The suggestions also seek to publish the Forum's studies on the broadest scale to maximize their benefit and enhance the Forum's presence on social media platforms.

They also call for holding many specialized local and international economic conferences, reiterating the importance of educating the community economically and establishing communication with financial experts.

The proposals aim to enhance communication with the authorities related to economic affairs at the local level, enhance innovation and the investment environment, and transform the Forum into a strategic think tank.



OPEC+ Postpones Output Policy Meeting to Dec 5

People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. REUTERS/Maxim Shemetov
People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. REUTERS/Maxim Shemetov
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OPEC+ Postpones Output Policy Meeting to Dec 5

People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. REUTERS/Maxim Shemetov
People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. REUTERS/Maxim Shemetov

The OPEC+ alliance of oil-producing countries has postponed its next meeting on output policy to Dec. 5 from Dec. 1 to avoid a conflict with another event, OPEC said on Thursday.
A summit of Gulf Arab countries is due to be held in Kuwait City on Dec. 1 which several OPEC+ ministers plan to attend, OPEC said in a statement.
"Sunday does not suit everyone," a source had told Reuters before the official announcement.
Top OPEC+ ministers have held talks ahead of the meeting. OPEC+ sources have said there will be discussion over a further delay to oil output increases due to start in January.
Saudi Energy Minister Prince Abdulaziz bin Salman on Wednesday had a phone call with Russian Deputy Prime Minister Alexander Novak and Kazakh Energy Minister Almasadam Satkaliyev while in Kazakhstan on an official visit.
Iraq, Saudi Arabia and Russia held talks in Baghdad on Tuesday.
OPEC+, which comprises OPEC and allies led by Russia pumps about half the world's oil. The group aims to gradually unwind oil production cuts through 2025 which it introduced to help support prices.
However, a slowdown in Chinese and global demand and rising output outside the group pose hurdles to that plan.
OPEC+ on Nov. 3 again postponed its first output hike which had been set for December by one month.