3 Hrs
Source:
الاقتصادية
Gulf States approves joint property rules
The Saudi Council of Ministers approved the unified regulations for the owners of shared properties within the Gulf Cooperation Council countries, aiming to strengthen the organization of shared property ownership across member states. They also decided to transfer the authority to issue import and export permits for chemicals from the Ministry of Commerce to other relevant ministries and authorities, in order to improve the management of chemicals in the local market. Additionally, the council approved a mechanism to enhance cooperation between the Nuclear Authority and the National Cancer Center to meet nuclear and radiation regulatory requirements. The council discussed positive economic indicators, notably the stability of inflation at 1.8% and progress in attracting foreign investment. Saudi Arabia ranked thirteenth globally among the top countries attracting foreign direct investment in 2025, with a 53% increase in inflows, reaching $32.6 billion. The council also reviewed the Kingdom’s efforts in sustainable development, noting advances in areas such as water security, renewable energy, and industrial development. Furthermore, they emphasized protecting Saudi Arabia’s interests in international navigation routes amid threats from the Houthi militia, and reiterated their commitment to supporting Gulf and regional nations, as well as strengthening international cooperation in space and security fields.
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