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Saudi Arabia to Host 2023 Int’l Conference on Air Services Negotiations

Saudi Arabia will host the 15th International Conference on Air Services Negotiations of the International Civil Aviation Organization (ICAO) in Riyadh in December 2023. (SPA)
Saudi Arabia will host the 15th International Conference on Air Services Negotiations of the International Civil Aviation Organization (ICAO) in Riyadh in December 2023. (SPA)
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Saudi Arabia to Host 2023 Int’l Conference on Air Services Negotiations

Saudi Arabia will host the 15th International Conference on Air Services Negotiations of the International Civil Aviation Organization (ICAO) in Riyadh in December 2023. (SPA)
Saudi Arabia will host the 15th International Conference on Air Services Negotiations of the International Civil Aviation Organization (ICAO) in Riyadh in December 2023. (SPA)

Saudi Arabia will host the 15th International Conference on Air Services Negotiations of the International Civil Aviation Organization (ICAO) in Riyadh in December 2023, reported the Saudi Press Agency.

Minister of Transport and Logistics Services and Chairman of the Board of Directors of the General Authority of Civil Aviation (GACA), Eng. Saleh bin Nasser Al-Jasser said the conference is an important platform for member states to discuss ways of organizing and managing the air transport sector.

GACA will represent the Kingdom at the event.

Choosing the Kingdom to host the conference is an affirmation of its position and effective contributions in the aviation sector at the global level, Al-Jasser stressed.

It is also recognition of its efforts to bolster air connectivity in line with the National Strategy for Transport and Logistics Services, which is based on the Kingdom's Vision 2030, he remarked.

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ECB's Lagarde Says 2% Inflation Target in Reach

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, June 5, 2025. REUTERS/Heiko Becker/File Photo
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, June 5, 2025. REUTERS/Heiko Becker/File Photo
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ECB's Lagarde Says 2% Inflation Target in Reach

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, June 5, 2025. REUTERS/Heiko Becker/File Photo
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, June 5, 2025. REUTERS/Heiko Becker/File Photo

The European Central Bank's inflation target of 2% is in reach, ECB President Christine Lagarde was quoted as saying in an interview published on Saturday.

In the interview with China's Xinhua news agency earlier this week which was released on the ECB website, Lagarde said financial stability was a prerequisite for price stability.

"We are within reach of the 2% medium-term inflation target that we have defined as price stability," she said, according to Reuters.

Earlier this month, the ECB lowered its inflation forecasts for this year and next in the 20-nation euro zone, projecting inflation of 2.0% in 2025 and 1.6% in the coming year.

Lagarde also that the ECB's efforts to create a digital currency were getting to the point where, if lawmakers support the proposal, it should be ready to move forward.