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King Salman Approves Allocation of 20Bln Riyals to Confront Rising Costs

Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
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King Salman Approves Allocation of 20Bln Riyals to Confront Rising Costs

Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)

Custodian of the Two Holy Mosques King Salman bin Abdulaziz approved on Monday the allocation of 20 billion riyals to help confront the impact of rising costs around the globe.

The move stems from his keenness on Saudi citizens and aims to protect neediest families as they cope with rising costs, reported the Saudi Press Agency.

Crown Prince Mohammed bin Salman had earlier on Monday stressed the need to take into account the neediest citizens as they grapple with international developments that resulted in rising costs of some basic necessities.

The Crown Prince made his remarks as he chaired a meeting of the Council of Economic and Development Affairs.

According to King Salman’s approval, 10.5 billion riyals will be allocated as direct cash transfers to social security beneficiaries and the Citizen Account program.

The remaining funds will be dedicated to increasing strategic reserves of basic necessities and ensuring their availability.

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Gulf

UAE, Egypt Stress Need for Unimpeded Delivery of Aid to Gaza

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Egyptian President Abdel Fattah al-Sisi meet in Abu Dhabi on Thursday. (WAM)
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Egyptian President Abdel Fattah al-Sisi meet in Abu Dhabi on Thursday. (WAM)
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UAE, Egypt Stress Need for Unimpeded Delivery of Aid to Gaza

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Egyptian President Abdel Fattah al-Sisi meet in Abu Dhabi on Thursday. (WAM)
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Egyptian President Abdel Fattah al-Sisi meet in Abu Dhabi on Thursday. (WAM)

The United Arab Emirates and Egypt stressed on Thursday the need for the unimpeded delivery of humanitarian aid to Gaza.

UAE President Sheikh Mohamed bin Zayed Al Nahyan received in Abu Dhabi on Thursday Egyptian President Abdel Fattah al-Sisi for talks on bilateral relations and means to bolster them to meet their nations’ aspirations.

They reviewed the latest regional and international developments and welcomed the Gaza ceasefire and prisoner and hostage exchange.

They underlined their keenness on the full implementation of the deal to help end the bloodshed of the Palestinian people.

Both leaders reaffirmed the need for continued efforts to implement the two-state solution in the Palestinian-Israeli conflict, recognizing it as the pathway to achieving lasting and comprehensive peace and stability in the region.

Sheikh Mohamed hailed Egypt’s strenuous mediation efforts to reach a ceasefire, said an Egyptian presidency spokesman.

The leaders also addressed the developments in Lebanon, welcoming the election of Joseph Aoun as president, hoping it will help restore stability in the country.

They emphasized the need to consolidate the ceasefire in Lebanon to protect its people.

On Syria, Sheikh Mohamed and Sisi underscored their keenness on the country’s unity and stability. They stressed the importance of the launch of a comprehensive and inclusive political process.

The leaders discussed meens to restore stability in Sudan, Libya, Yemen and Somalia.