Saudi finance minister calls for flexible Arab cooperation amid global challenges
At the annual meetings of the joint Arab financial institutions held in Kuwait, Mohammed Al-Jadaan highlighted the pivotal role of financial bodies in enhancing regional collaborative efforts.
The Kingdom's finance minister called for strategic flexibility in their operations to better align with the evolving economic needs of member states amid shifting global economic conditions.
'During these meetings, I affirmed Saudi Arabia's support for these institutions to achieve the common interests of Arab countries while emphasizing the importance of working according to flexible strategic directions that reflect the needs of member states in light of global economic conditions,' Al-Jadaan said on X.
The minister also took part in the 16th meeting of the Arab Finance Ministers Council, where he stressed the importance of assessing the impact of mounting financial, economic, and trade pressures.
He further called for the development of comprehensive frameworks to address these global challenges effectively.
'I highlighted the role of Arab Financial Institutions in providing technical support and developing studies and research to assist Arab countries in confronting these challenges,' Al-Jadaan said on X.
The minister spoke of the crucial contribution of Arab financial institutions in offering technical assistance and spearheading research efforts to support member countries in navigating economic uncertainties.
Al-Jadaan's involvement in the meetings underscores the Kingdom's commitment to strengthening the voice of emerging markets within influential financial forums.
Under Al-Jadaan's chairmanship, the International Monetary and Financial Committee has prioritized amplifying the perspectives of developing economies, reflecting the Kingdom's dedication to fostering inclusive global financial stability.
The establishment of the first joint Saudi-Kuwaiti Business Council in December exemplifies the region's efforts to bolster economic ties and facilitate investment opportunities.
This initiative aims to enhance trade relations and economic integration between Saudi Arabia and Kuwait, aligning with broader objectives of regional cooperation.
Assistant Governor for Executive Affairs at the Saudi Central Bank Abdulelah Al-Deheem also participated in the joint annual meetings, and posting on X said: 'The areas of development, finance, and economic impact were discussed during the meetings. Future plans that contribute to achieving the sustainable development objectives were also reviewed.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Leaders
3 hours ago
- Leaders
Saudi FM Receives Written Message from Russian Counterpart
The Saudi Foreign Minister, Prince Faisal bin Farhan, has received a written message from the Russian Foreign Minister, Sergey Lavrov, reported the Saudi Press Agency (SPA). The message addressed relations between Saudi Arabia and Russia and discussed ways to further consolidate them across all fields. The Russian Ambassador to Saudi Arabia, Sergey Kozlov, on Wednesday handed the message to the Saudi Deputy Foreign Minister, Waleed Al-Khuraiji, at the Foreign Ministry headquarters in Riyadh. Al-Khuraiji received the message on behalf of Prince Faisal bin Farhan. During the reception, Al-Khuraiji and Kozlov reviewed ties between Saudi Arabia and Russia and discussed topics of mutual interest. Earlier in July, Prince Faisal bin Farhan met with Lavrov during an official visit to Moscow. Both diplomats reviewed bilateral relations and the historical friendship between their nations. They also explored ways to further bolster ties and expand cooperation across various fields. Moreover, the two ministers discussed the recent developments in the region and efforts made to address them. Prince Faisal also praised the robust Saudi-Russian relations and the growing tourist activity between the two countries. 'We hope that the visa exemption agreement will significantly foster tourism cooperation and expand direct flights between both countries,' he said. Short link : Post Views: 10 Related Stories
Al Arabiya
4 hours ago
- Al Arabiya
Saudi business delegation arrives in Damascus for Syrian-Saudi Investment Forum
A large Saudi business delegation arrived in Damascus on Wednesday to attend the Syrian-Saudi Investment Forum – being held at the request of Saudi Crown Prince Mohammed bin Salman. According to Al Arabiya correspondent, the forum will kick off on Thursday. The forum aims to explore the potential of cooperation and deals to promote sustainable development. The visit is expected to see the signing of trade deals worth more than 15 billion Saudi riyals ($4 billion). During the visit, a cement factory in the industrial city of Adra in Damascus countryside will be launched. The delegation, led by Saudi Minister of Investment Khalid al-Falih, included over 100 business investors. The Saudi embassy in Damascus on Tuesday announced the introduction of special travel permits for businesspeople and investors from both countries, aimed at facilitating mutual visits and exploring investment opportunities.
Saudi Gazette
5 hours ago
- Saudi Gazette
Interior Ministry launches new digital services on Absher platform
Saudi Gazette report RIYADH — Director of Public Security Lt. Gen. Mohammed Al-Bassami on Wednesday inaugurated a new set of digital services offered by Public Security via the Ministry of Interior's Absher platform. Under the patronage of Prince Abdulaziz bin Saud bin Naif, Minister of Interior, the launch took place during the 'Digital Transformation Forum: Technology and the Future' held at the Public Security headquarters in Riyadh. The newly launched services include several additions to the 'Absher Individuals' platform, such as transferring vehicle ownership to businesses and new features for air rifle permits, including ownership transfer and license renewal. On the 'Absher Business' portal, new features include the 'Accident Report' service and several services related to rock-cutting activities, such as canceling rock-cutting material usage permits, canceling rock discharge and transport permits, and adding new materials to existing permits. These additions are part of the Ministry of Interior's ongoing efforts to accelerate digital transformation, improve quality of life, and streamline procedures for citizens, residents, and visitors. The services aim to reduce in-person visits and save time by offering automated processes across the security sector.
