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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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Egypt’s Sisi in Kuwait for Second Leg of Regional Tour

Emir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah receives Egypt's President Abdel Fattah al-Sisi in Kuwait airport, Kuwait, April 14, 2025. (KUNA)
Emir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah receives Egypt's President Abdel Fattah al-Sisi in Kuwait airport, Kuwait, April 14, 2025. (KUNA)
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Egypt’s Sisi in Kuwait for Second Leg of Regional Tour

Emir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah receives Egypt's President Abdel Fattah al-Sisi in Kuwait airport, Kuwait, April 14, 2025. (KUNA)
Emir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah receives Egypt's President Abdel Fattah al-Sisi in Kuwait airport, Kuwait, April 14, 2025. (KUNA)

Egyptian President Abdel Fattah al-Sisi arrived in Kuwait on Monday, the second stop of a tour of the region that he kicked off in Qatar.

He was received upon his arrival by Emir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah, and acting Prime Minister Sheikh Fahad Yousef Saud Al-Sabah.

A number of Kuwaiti warplanes escorted Sisi's aircraft upon its entry into Kuwaiti airspace, said the Egyptian presidency in a statement.

This is Sisi's second visit to Kuwait since he came to office in 2014. His first was in 2015 when he met with late Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah.

The Egyptian leader had concluded an official visit to Qatar on Monday where he met with Emir Sheikh Tamim bin Hamad Al-Thani.

Qatari and Egyptian delegations held expanded talks and Sisi and Sheikh Tamim also held bilateral discussions, said an Egyptian presidency spokesman.

The meeting between the leaders focused on the war on Gaza, efforts to tackle the humanitarian crisis there, and the prisoner and hostage swap.

They reiterated their categorical rejection of the displacement of Palestinians from their territories, stressing the need to back the Arab plan on Gaza's reconstruction that ensures that the people remain on their land.

Sisi and Sheikh Tamim also reviewed other regional developments, including the situations in Syria, Lebanon and Sudan.