KSA’s economic reforms supports sustainable economic growth, says finance minister

Saudi Arabia’s Finance Minister Mohammed Al-Jadaan speaks at the G20 Investor Forum in Buenos Aires. (SPA)
Updated 02 December 2018

KSA’s economic reforms supports sustainable economic growth, says finance minister

  • Al-Jadaan concluded by reviewing Saudi Arabia’s efforts to realize economic reforms aimed at achieving the Kingdom’s Vision 2030

Saudi Arabia’s Finance Minister Mohammed Al-Jadaan was among 70 participants in the G20 Investor Forum, on the sidelines of the G20 Summit in Buenos Aires.
Attending the forum, which was organized by the World Bank Group, the participants discussed ways to enhance cooperation between institutional investors and governments to motivate long-term sustainable investments, both in the G20 markets and around the world.
They focused on policies, public-private partnerships and financial innovation roles in promoting long-term sustainable investments, discussing the challenges and obstacles facing these investments and ways to address them.
Al-Jadaan said that it provides policymakers, regulators, investors and international financial institutions with a unique opportunity to engage in direct talks on long-term sustainable investment.
Al-Jadaan concluded by reviewing Saudi Arabia’s efforts to realize economic reforms aimed at achieving the Kingdom’s Vision 2030, pointing out that the implementation of these reforms supports sustainable economic growth and activates the role of the private sector in job creation and economic growth.


Saudi authorities arrest coronavirus curfew violator after posting haircut video

Updated 01 April 2020

Saudi authorities arrest coronavirus curfew violator after posting haircut video

  • Saudi prosecutor warned of legal consequences earlier
  • Violators could be fined up to $796,880 and jailed for up to 5 years

DUBAI: Saudi police arrested a man in Al-Qassim who violated coronavirus regulations by bringing a barber into his home, state news agency SPA reported.
Videos circulating on social media showed the man as he asked a barber to come into his house after authorities temporarily closed down barber shops and salons to curb the spread of COVID-19.
The Saudi public prosecutor has previously warned that anyone posting content on social media, including photos or videos showing curfew violations, or the flouting of any rules enforced to prevent the spread of COVID-19 face prosecution.
In a message posted on Twitter, the bureau said that perpetrators will be charged under Article Six of the Information Crime Prevention Law, which carries a punishment of up to five years in prison and a fine of up to $796,880. 
The punishment will be applied to violators but informers will not be questioned, it added.