Saudi cabinet hails positive indicators in monetary agency report

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Saudi Arabia’s King Salman chaired the weekly cabinet session. (SPA)
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Saudi Arabia’s King Salman chaired the weekly cabinet session. (SPA)
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Saudi Arabia’s King Salman, with the attendance of Crown Prince Mohammed bin Salman, chaired the weekly cabinet session. (SPA)
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Saudi Arabia’s King Salman, with the attendance of Crown Prince Mohammed bin Salman, chaired the weekly cabinet session. (SPA)
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Saudi Arabia’s King Salman chaired the weekly cabinet session. (SPA)
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Saudi Arabia’s King Salman chaired the weekly cabinet session. (SPA)
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Saudi Arabia’s King Salman chaired the weekly cabinet session. (SPA)
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Saudi Arabia’s King Salman chaired the weekly cabinet session. (SPA)
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Saudi Arabia’s King Salman chaired the weekly cabinet session. (SPA)
Updated 11 September 2018
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Saudi cabinet hails positive indicators in monetary agency report

JEDDAH: The Saudi Cabinet on Tuesday expressed its satisfaction with the Saudi Arabian Monetary Authority’s 54th annual report of positive statistical indicators for 2017, which highlighted the ability of the Kingdom’s economy to adapt to changes and confirmed the strength of the financial and banking sectors.
Chaired by King Salman at Al-Salam Palace in Jeddah, the Cabinet expressed its optimism about the financial and economic indicators that emerged during the first half of the current fiscal year, and of the ability of the Saudi economy to adapt to the reforms adopted during the past two years through the achievement of good growth rates contributing to supporting the goals of the Kingdom’s Vision 2030.
The Cabinet expressed hope that the new Hijri year 1440 AH will bring a breakthrough for crises and an end to global tensions — as well as a year of blessings for Arab and Islamic nations during which security and stability can be achieved around the world.
The Cabinet commended relations between Saudi Arabia and Pakistan and the keenness of both to promote and develop them in all fields. It congratulated President Dr. Arif Alvi on his swearing-in as president of Pakistan.
The Cabinet reviewed a number of reports on the latest developments in the Arab, regional and international arenas. It reiterated the Kingdom’s condemnation of the double bombing targeting a sports club, the attack near a motorcade in Kabul and offered condolences to the families of the victims and Afghanistan’s government and people. The Cabinet confirmed the Kingdom’s solidarity to stand by Afghanistan against violence, extremism and terrorism.
The Cabinet approved a protocol on cooperation in combating crime between the government of Saudi Arabia and the government of Azerbaijan. It also approved a memorandum of understanding between the government of Saudi Arabia and the government of the UK on visas to citizens of both countries.
The Cabinet approved an agreement between the government of Saudi Arabia and the government of the Russian Federation for cooperation in the field of exploring space and using outer space for peaceful purposes.


Al-Jubeir: Saudi-led coalition ‘working with UN to end Yemen conflict’

The Houthis should engage in the political process and respond to the will of the international community to end the war and end the coup against the legitimate government, said Saudi Arabia's foreign minister. (AFP)
Updated 16 November 2018
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Al-Jubeir: Saudi-led coalition ‘working with UN to end Yemen conflict’

  • Since day one, we said that the solution… is a political solution, says Saudi FM
  • Al-Jubeir: Saudi Arabia is the largest provider of humanitarian aid to Yemen, providing more than $13 billion since the start of the conflict

RIYADH: The Saudi-led coalition is working with UN envoy Martin Griffith to reach a political solution to the conflict in Yemen based on UN Security Council resolution 2216, the Gulf Initiative and the outcomes of Yemeni national dialogue, the Saudi foreign minister said on Thursday. 

“Since day one, we said that the solution… is a political solution, and the solution should lead to the restoration of legitimacy in Yemen,” said Adel Al-Jubeir.

“We support a peaceful solution in Yemen. We support the efforts of the UN envoy for the Yemeni cause,” he added.

“We are committed to providing all humanitarian support to our brothers there. We are also working on the post-war reconstruction of Yemen.” The Kingdom supports the envoy’s efforts to hold negotiations at the end of November, added Al-Jubeir.

Saudi Arabia is the largest provider of humanitarian aid to Yemen, providing more than $13 billion since the start of the conflict, he said.

In contrast, Houthi militias are imposing restrictions on Yemeni cities and villages, leading to starvation, he added. 

They are also seizing humanitarian aid and preventing Yemenis from getting cholera vaccinations, Al-Jubeir said. 

The Houthis fire ballistic missiles indiscriminately at Saudi Arabia, use children as fighters and plant mines across Yemen, he added. 

The Houthis should engage in the political process and respond to the will of the international community to end the war and end the coup against the legitimate government, he said.

Saudi Arabia did not want the conflict in Yemen; it was imposed on the Kingdom, Al-Jubeir added. 

Saudi Arabia worked with other Gulf Cooperation Council (GCC) member states to develop the Gulf Initiative. 

This led to a transition from former President Ali Abdullah Saleh to the internationally recognized government headed by current President Abed Rabbo Mansour Hadi.

The Kingdom also worked to develop Yemeni national dialogue that led to a Yemeni vision regarding the country’s future.

A new Yemeni constitution was about to be drafted when the Houthis seized much of the country, including the capital. 

Yemen’s legitimate government requested support, and the Saudi-led coalition responded under Article 51 of the UN Charter.