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.


Crown Prince Mohammed: We are proud of our dear homeland’s achievements

Updated 23 September 2018
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Crown Prince Mohammed: We are proud of our dear homeland’s achievements

  • The crown prince praised the Kingdom's growth and prosperity under the leadership of King Salman, Custodian of the Two Holy Mosques
  • His speech highlighted efforts of the Saudi people to achieve the objectives of Vision 2030

JEDDAH: Crown Prince Mohammed bin Salman, who is also vice president of the Council of Ministers and Minister of Defense, paid tribute to the Saudi military in his speech to celebrate the Saudi National Day.
He affirmed that the Kingdom’s 88th anniversary is an occasion to recall the achievements of the country’s founder, the late King Abdulaziz bin Abdulrahman Al-Saud and his sons after him. The crown prince also praised the Kingdom’s growth and prosperity under the leadership of the Custodian of the Two Holy Mosques, King Salman.
Crown Prince Mohammed’s comments also highlighted the Saudi people’s efforts to achieve the objectives of Vision 2030 and underlined the great success of the last Hajj season.
He also stressed that the Kingdom would remain steadfast in the principles of tolerant Islam, the religion of moderation, and in fighting extremism and terrorism. He likewise stated that no one would be allowed to attack the sovereignty of the Kingdom or tamper with its security.