Saudi efforts to diversify economy are achieving results, Cabinet hears

King Salman chaired the session in Jeddah on Tuesday. (SPA)
Updated 08 May 2019

Saudi efforts to diversify economy are achieving results, Cabinet hears

  • The cabinet was briefed on the latest financial figures

JEDDAH: The quarterly report on Saudi Arabia’s general budget for the fiscal year 2019 shows an improvement in performance, as a result of the efforts being made by the government to implement reforms designed to achieve economic diversification and financial sustainability, the cabinet heard on Tuesday.

During a meeting at Al-Salam palace in Jeddah, chaired by King Salman, the Cabinet was briefed on the latest financial figures, and how they reflect the government’s commitment to transparency, financial disclosure, enhancement of governance and control of the general budget, and achieving the objectives of the financial equilibrium program.

The king instructed all government agencies and private service providers to offer the millions of worshipers who have come to Saudi Arabia for Umrah the best possible services, and highest possible levels of security, safety and comfort.

The king thanked the leaders and heads of state of sisterly and friendly countries, and his fellow Saudi citizens, for their congratulations on the start of the holy month.


G20 discusses long-term vision for the digital economy

Updated 05 June 2020

G20 discusses long-term vision for the digital economy

  • Members from G20 countries, guest countries, international and regional organizations met virtually

RIYADH: The G20 Digital Economy Taskforce (DETF) held consecutive virtual meetings on June 3 to June 4 to discuss a comprehensive approach to digital economy policymaking and the future of digitalization.

Members from G20 countries, guest countries, international and regional organizations, addressed the relevance of digitalization in maintaining business operations following the COVID-19 outbreak.

READ ARAB NEWS' DEDICATED G20 SPOTLIGHT HERE

Data Flows, Smart Cities, Digital Economy measurement and Digital Security were also on the agenda as well as the Connecting Humanity 2030 initiative.

Delegates also discussed digitalization in the context of the current crisis with a long-term vision for the best use of digital tools to build economic resiliency and promote job retention.

Prior to the DETF meeting, on June 1, the Dialogue on Trustworthy AI in Pandemic Response brought together experts from both the public and private sectors, and academia to explore the optimal role of government in Artificial Intelligence.

The potential use of the technology in diverse sectors was raised, along with how AI can be an efficient tool in pandemic responses. The Dialogue also examined the G20’s role in policy discussions and the long-term inclusion of AI on the G20 agenda.

G20 Digital Economy Ministers will review and continue the work of the Taskforce at their meeting on July 22-23.