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Saudi Cabinet Keen to Continue Economic Growth, Comprehensive Development

King Salman chairs a virtual cabinet meeting on Tuesday. (SPA)
King Salman chairs a virtual cabinet meeting on Tuesday. (SPA)
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Saudi Cabinet Keen to Continue Economic Growth, Comprehensive Development

King Salman chairs a virtual cabinet meeting on Tuesday. (SPA)
King Salman chairs a virtual cabinet meeting on Tuesday. (SPA)

The Saudi government stressed on Tuesday its determination to continue to forge ahead on the path of economic development and comprehensive development.

Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held virtually amid the ongoing coronavirus pandemic.

The cabinet added that it will continue to preserve financial sustainability and implement financial reforms that would support economic growth and diversify its activities with the aim of achieving the Kingdom’s ambitious development goals.

King Salman briefed the cabinet on the telephone talks he held on Monday with Sultan of Oman Haitham bin Tariq in wake of the cyclone that struck the Sultanate and left at least 11 people dead. He also briefed the ministers on the message he received from US President Joe Biden that hailed the historic relations between their countries.

The ministers reviewed the Pre-Budget Statement for the Fiscal Year 2022, including the Fiscal and Economic Performance Report FY 2021. They also tackled the main fiscal objectives and economic indicators estimates for Fiscal Year 2022 over the medium term, as well as the key initiatives and programs that will be implemented during the coming fiscal years within the framework of the Kingdom’s Vision 2030.

In a statement to the Saudi Press Agency (SPA), Acting Minister of Media Dr. Majid bin Abdullah Al-Qasabi said that the cabinet reviewed the efforts to develop the tourism sector and increase its contribution to the GDP. It highlighted efforts to develop several tourist destinations in the Kingdom, including the recent launch of the Strategy for the Development of Aseer Region.

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Gulf

Saudi Arabia Provides New $90 Million Support to Yemen’s Government Budget

Mohammed Al Jaber, Saudi Arabia’s ambassador to Yemen (Photo : X) 
Mohammed Al Jaber, Saudi Arabia’s ambassador to Yemen (Photo : X) 
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Saudi Arabia Provides New $90 Million Support to Yemen’s Government Budget

Mohammed Al Jaber, Saudi Arabia’s ambassador to Yemen (Photo : X) 
Mohammed Al Jaber, Saudi Arabia’s ambassador to Yemen (Photo : X) 

Mohammed Al Jaber, Saudi Arabia’s ambassador to Yemen, announced on Thursday that the Kingdom has provided new financial support to Yemen’s government budget to cover the payment of salaries for state employees, pursuant to directives from the Saudi leadership.

In a post on the social media platform X, Al Jaber said the support comes in addition to the development projects and initiatives announced on Wednesday in several sectors.

These include the provision of petroleum products to operate power plants, aimed at improving the living conditions of the Yemeni people, as well as support for the government’s efforts to implement an economic reform program to achieve financial and economic stability.

The Saudi ambassador also stated that salaries for all military and security forces affiliated with the Supreme Military Committee will be paid by the Saudi-led Coalition to Support Legitimacy in Yemen, starting on Sunday.

Al Jaber noted that these measures are expected to have a significant impact on society and on Yemen’s economy, which he said will receive substantial support from the Kingdom in the coming period.

Meanwhile, Yemeni Prime Minister Salem bin Breik said on Thursday that the new and urgent financial support from Saudi Arabia, totaling $90 million, reflects the Kingdom’s sincere fraternal stance and its continued commitment to supporting the Yemeni people, easing their humanitarian and living hardships, strengthening economic and financial stability, and ensuring the regular payment of salaries, which the government considers its highest priority.

In a statement to the Yemeni News Agency (Saba), bin Breik affirmed that the government, in full coordination with the Central Bank of Yemen, will immediately begin taking the necessary steps to ensure the swift disbursement of salaries to eligible public sector employees through transparent and responsible mechanisms that enhance confidence in financial and monetary institutions.

The prime minister praised Saudi Arabia’s leading role, under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman, in supporting constitutional legitimacy and backing government efforts at the political, economic, and humanitarian levels. He said the support reflects the depth of fraternal relations and the shared destiny between the two countries.

Bin Breik added that the government continues to implement its economic and financial reform program, improve the efficiency of public resource management, and work with brotherly nations and international partners to improve economic conditions and restore monetary stability.

 

 

 

Gulf

Saudi FM Discusses Developments with EU High Representative, Cypriot Counterpart

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah.
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah.
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Saudi FM Discusses Developments with EU High Representative, Cypriot Counterpart

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah.
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah.

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received a joint phone call from High Representative for the European Union for Foreign Affairs and Security Policy and Vice-President of the European Commission, Kaja Kallas, and the Minister of Foreign Affairs of the Republic of Cyprus Dr. Constantinos Kombos.

During the call, they discussed overall regional and international developments and the efforts being made in this regard.

Cyprus currently holds the rotating Presidency of the Council of the European Union.

 

 

Gulf

Saudi Crown Prince Receives Written Message from Sultan of Oman

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia photo on the right, and Sultan of Oman Haitham bin Tarik photo on the left. (SPA)
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia photo on the right, and Sultan of Oman Haitham bin Tarik photo on the left. (SPA)
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Saudi Crown Prince Receives Written Message from Sultan of Oman

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia photo on the right, and Sultan of Oman Haitham bin Tarik photo on the left. (SPA)
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia photo on the right, and Sultan of Oman Haitham bin Tarik photo on the left. (SPA)

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, received a written message from Sultan of Oman Haitham bin Tarik related to relations between the two brotherly countries.

The message was received by Vice Minister of Foreign Affairs Waleed Elkhereiji during his meeting on Thursday in Riyadh with Ambassador of Oman to Saudi Arabia Najib Al-Busaidi.

During the meeting, they reviewed relations between the two countries and ways to promote them in various fields. Topics of mutual interest were also discussed.