Cabinet approves Saudi joint-stock company

King Salman. (SPA)
Updated 06 November 2019

Cabinet approves Saudi joint-stock company

  • The ministers also reviewed important initiatives and programs to be implemented in 2020 within the framework of the Vision 2030 plan

RIYADH: King Salman on Tuesday briefed the Cabinet about the recent visits of Brazilian President Jair Bolsonaro, Kenyan President Uhuru Kenyatta, Nigerian President Muhammadu Buhari and the former British Prime Minister David Cameron.
In a statement issued to the Saudi Press Agency, Media Minister Turki Al-Shabanah said the Cabinet reviewed local, regional and international developments.
He said the Cabinet also reviewed the preliminary statement of the state budget for the upcoming fiscal year.
The ministers also reviewed important initiatives and programs to be implemented in 2020 within the framework of the Vision 2030 plan.
The Cabinet also approved the request of the Saudi Arabian Monetary Authority to establish a Saudi joint-stock company. The company will own all national payment systems. It will be responsible for operations and the development of infrastructure of national payment systems.


US Consulate General in Dhahran celebrates 244 years of independence, 75 years of US-Saudi partnership

Updated 20 February 2020

US Consulate General in Dhahran celebrates 244 years of independence, 75 years of US-Saudi partnership

  • Consul General Rachna Korhonen: I want to say thank you to the amazing people of Sharqiya who remind me every day how warm, wonderful, welcoming, hospitable, and kind Saudis are
  • Although US Independence Day is July 4, the consulate traditionally celebrates the occasion in the spring due to the pleasant weather this time of the year

DHAHRAN: The US Consulate General in Dhahran hosted its 2020 National Day reception on Feb. 19 to celebrate 244 years of American Independence, and the 75th anniversary of the historic meeting between US President Franklin D. Roosevelt and Saudi King Abdul Aziz aboard the USS Quincy.

Consul General Rachna Korhonen and her husband Juha Korhonen welcomed the deputy governor of the Eastern Province, Khalid Al-Battal, and deputy governor of Alkhobar, Abdullah bin Ali Al-Seef, as the guests of honor.

Although US Independence Day is July 4, the consulate traditionally celebrates the occasion in the spring due to the pleasant weather this time of the year.

“Seventy-five years ago, two great leaders met aboard the USS Quincy. President Franklin Roosevelt and King Abdul Aziz met to chart the future of our bilateral ties. This first encounter between a US president and a Saudi King laid the foundation for the broad strategic partnership the US and Saudi Arabia share today. Beyond partnership, President Roosevelt and King Abdul Aziz forged a personal friendship that is at the heart of the strong ties our two countries share today,” said Korhonen.

She added: “As the first woman to be consul general here, it has been an exciting journey for me. I arrived to Dhahran in August 2017, to a country undergoing remarkable changes.  Vision 2030 has opened new possibilities, tourism opportunities are growing, women are driving and attending sporting events. I have said this many times and it is still true: I have the best job in the best place at the best time.

“Most of all, I want to say thank you to the amazing people of Sharqiya (Eastern Province) who remind me every day how warm, wonderful, welcoming, hospitable, and kind Saudis are. I have made friendships that I know are going to last me a lifetime. When I leave here this summer, I will certainly leave a piece of my heart here but I also plan to take a little piece of your heart with me.”