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.



Saudi Arabia Stresses Support for All Decisions Taken at Arab Summit on Palestine

Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, chairs the cabinet meeting in Riyadh. (SPA)
Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, chairs the cabinet meeting in Riyadh. (SPA)
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Saudi Arabia Stresses Support for All Decisions Taken at Arab Summit on Palestine

Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, chairs the cabinet meeting in Riyadh. (SPA)
Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, chairs the cabinet meeting in Riyadh. (SPA)

The Saudi government stressed on Tuesday its full support for the decisions taken at the extraordinary Arab “Summit for Palestine” that was held in Cairo earlier this week.

Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, chaired the cabinet meeting in Riyadh.

The summit rejected the displacement of the Palestinian people from their land and urged an end to the catastrophic consequences of the Israeli war on Gaza. The cabinet stressed the Palestinian people's right to self-determination and to attain their legitimate rights, including the establishment of an independent state along the 1967 borders, with east Jerusalem as its capital.

The cabinet condemned the Israeli government's decision to halt the entry of humanitarian aid to Gaza, calling on the international community to assume its responsibilities towards these dangerous violations, activate international accountability mechanisms, and ensure the sustained delivery of aid.

Crown Prince Mohammed congratulated Muslims on the advent of the holy fasting month of Ramadan, which started on Saturday, underlining the honor bestowed upon Saudi Arabia to serve the Grand Mosque and the Prophet's Mosque and their visitors.

He emphasized the Kingdom's commitment to fulfilling this great responsibility and dedicating all efforts and capabilities to ensure the comfort of the visitors from their arrival until their safe return to their homes.

The cabinet was briefed on the messages Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Crown Prince Mohammed received from Azerbaijan's President Ilham Aliyev and Comoros' President Azali Assoumani.

It was also briefed on the outcomes of Crown Prince Mohammed's talks with Lebanese President Joseph Aoun during his official visit to the Kingdom on Monday. The talks covered ways to boost Saudi-Lebanese relations in various fields, as well as the latest developments in Lebanon and the region and the efforts to address them.

The cabinet highlighted the joint statement issued by Saudi Arabia and Lebanon, which underscored the importance of the full implementation of the Taif Agreement, the application of relevant international resolutions, the extension of state sovereignty over all Lebanese territories and the exclusive possession of arms by the Lebanese state.

It underlined the national role of the Lebanese army and the need for the withdrawal of Israeli forces from all Lebanese territories.

On domestic affairs, the cabinet confirmed the government's continued support for the social services system and national initiatives aimed at providing housing for deserving families. It hailed the cooperation and integration among the government, private, and non-profit organizations, as well as community members, to achieve the goals of the Jood Regions campaign.