11 Hrs
Source:
البلاد
Saudi Arabia backs Kuwait Bahrain Jordan on Iran
The article discusses the Saudi Cabinet meeting held in Jeddah, chaired by the Custodian of the Two Holy Mosques. The efforts of the Kingdom to promote regional and international stability were reviewed, along with support for cooperation with Arab and foreign countries through the signing of memoranda of understanding in fields such as security, culture, trade, energy, and space. The discussion also covered the outcomes of Saudi Arabia’s participation in international forums and the reform measures that have contributed to the improvement of the national economy. This includes maintaining inflation at a stable rate of 1.8%, advancing to the 13th position worldwide in attracting foreign direct investment, with a growth of 53% reaching $32.6 billion. The council emphasized strengthening infrastructure and logistics services through port development, in addition to approving numerous agreements to enhance cooperation with countries like Ethiopia, Jordan, Australia, and China. The meeting also involved the promotion of officials and the review of financial accounts of national institutions.
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