
Saudi Arabia Welcomes Growing Int'l Support for Upcoming ‘Two-State Solution' Conference
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chaired the cabinet meeting that was held in Jeddah.
The cabinet also stressed the urgent need for a ceasefire in Gaza and the delivery of humanitarian aid.
The ministers reviewed Saudi Arabia's latest talks and consultations with brotherly and friendly countries on regional and international developments, prospects for cooperation, and ways to strengthen ties across various sectors.
They reiterated the Kingdom's active role in supporting international security and stability, as well as its efforts to alleviate humanitarian suffering.
The Cabinet reviewed the Kingdom's comprehensive economic, cultural, and social development efforts, along with completed plans and programs aimed at advancing national progress and benefiting citizens.
It discussed steps to balance Riyadh's real estate sector, underlining the government's commitment to addressing rising land prices and rents in the capital in recent years.
The Cabinet highlighted the new Arabian oil and natural gas discoveries in Eastern Region and the Empty Quarter, saying they represent a substantial boost to the Kingdom's economic standing and boost its capacity to meet long-term local and global energy demands.
The Cabinet also noted the Kingdom's high rankings in international indicators, saying it is confirmation of the state's strong support for all sectors, driving them toward greater competitiveness and global leadership.
Furthermore, the Cabinet lauded the awards and medals earned by government entities and Saudi students at the Geneva International Exhibition of Inventions 2025, which align with the Kingdom's aspirations for innovation and a prosperous future.
It commended the second Human Capability Initiative Conference held in Riyadh, which featured over 100 launches, agreements, and memoranda of understanding aimed at fostering international cooperation and advancing the Vision 2030 goals on human capital development.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Saudi Gazette
4 hours ago
- Saudi Gazette
Fitch affirms Saudi Arabia's A+ credit rating with stable outlook
Saudi Gazette report RIYADH — Fitch Ratings has affirmed Saudi Arabia's long-term foreign currency issuer default rating at A+ with a stable outlook, highlighting the Kingdom's strong fiscal position and continued reform momentum. In its latest report, the international rating agency said Saudi Arabia's credit rating reflects the robustness of its financial fundamentals. It noted that key indicators —such as the sovereign net foreign asset position and the debt-to-GDP ratio— are significantly stronger than the averages for countries in the "A" and even "AA" rating categories. Fitch emphasized that the Kingdom holds substantial financial reserves in the form of public sector deposits and other assets, supporting its macroeconomic stability. Looking ahead, the agency projected that Saudi Arabia's sovereign net foreign assets will remain a cornerstone of its credit strength, reaching 35.3% of GDP by figure stands well above the average for countries rated 'A,' which is just 3.1% of also pointed to the ongoing fiscal reforms undertaken by the Saudi government, aimed at improving budget flexibility and reducing dependence on oil agency said these reforms, along with a sustained rise in non-oil revenues, continue to reinforce the Kingdom's credit profile.


Saudi Gazette
6 hours ago
- Saudi Gazette
Macron's recognition of Palestine draws European support
PARIS — French President Emmanuel Macron's announcement that France will formally recognize the State of Palestine in September has drawn widespread backing from European leaders, with some hailing it as a vital step toward Middle East peace, while others voiced caution. Macron declared Thursday on X that France will formalize its recognition of Palestine at the United Nations General Assembly this September. 'I have decided that France will recognize the State of Palestine,' he said, calling it a move rooted in France's 'historic commitment to a just and lasting peace.' The announcement was welcomed by several European leaders. Irish Prime Minister Simon Harris said: 'This is an important contribution towards implementing the two-state solution, which offers the only lasting basis for peace and security for Israelis and Palestinians alike.' Spanish Prime Minister Pedro Sanchez, whose country recently recognized Palestine, wrote: 'I welcome that France joins Spain and other European countries. Together, we must protect what Netanyahu is trying to destroy. The two-state solution is the only solution.' Scottish First Minister John Swinney urged the UK to follow suit, calling the recognition 'essential for peace.'Slovenian Foreign Minister Tanja Fajon praised France's move as 'a bold step for peace,' reaffirming her country's commitment to a negotiated two-state solution based on international Czech Republic reiterated its support for Palestinian statehood but emphasized that recognition must come through direct Israeli-Palestinian negotiations. Czech President Petr Pavel echoed this stance while speaking in governments, including Germany and Italy, adopted a more cautious said it does not plan to recognize Palestine in the near spokesperson Stefan Kornelius stated that Berlin sees recognition as 'one of the final steps' in the peace process, which must be achieved through stressed the immediate need for a ceasefire in Gaza, the release of Israeli hostages, and Hamas's Foreign Minister Antonio Tajani reiterated Rome's support for a two-state solution, but emphasized that recognition should be reciprocal.'Recognition of the new Palestinian state must take place at the same time as their recognition of the state of Israel,' he told members of his Forza Italia Foreign Minister Maxime Prevot said he would submit a proposal to recognize Palestine before the UN General underscored the humanitarian crisis in Gaza, stressing the need for urgent aid access.'Let us not lose sight of the most pressing urgency: the humanitarian tragedy in Gaza,' he said, calling for sustained pressure on Israel to allow large-scale aid is now set to become the first G7 member state to formally recognize Palestinian statehood. Currently, 149 out of 193 UN member countries recognize the State of Palestine. — Agencies


Leaders
9 hours ago
- Leaders
UK to Hold Urgent Talks with France, Germany over Gaza War
British Prime Minister Keir Starmer announced that he would hold an 'emergency call' on Friday with France and Germany to discuss the humanitarian crisis in Gaza, according to Reuters. 'We are witnessing a humanitarian catastrophe,' Starmer said. Call for Urgent Ceasefire He called for an urgent ceasefire and steps towards the establishment of a Palestinian state. 'I will hold an emergency call with E3 partners tomorrow, where we will discuss what we can do urgently to stop the killing and get people the food they desperately need while pulling together all the steps necessary to build a lasting peace,' he said in a statement on Thursday. Starmer also noted that the immediate ceasefire will 'put us on a path' to the recognition of a Palestinian state and a two-state solution which guarantees peace and security for both Palestinians and Israelis. Furthermore, the PM stated that the situation in Gaza has 'reached new depths and continues to deteriorate,' nearly 21 months after the beginning of the war in October 2023. 'The suffering and starvation unfolding in Gaza is unspeakable and indefensible,' Starmer said. Mounting Pressure on Israel Currently, the Israeli government is facing mounting international pressure as well as criticism to allow a massive increase in humanitarian aid to civilians in Gaza amid growing concerns of imminent famine. Since the beginning of Hamas-Israel War in Gaza in 2023, the Israeli strikes have killed more than 57,000 Palestinians and wounded more than 137,000, according to Gaza's Health Ministry. On Thursday, President Emmanuel Macron announced that France will recognize a Palestinian state at the UN General Assembly in September. 'True to its historic commitment to a just and lasting peace in the Middle East, I have decided that France will recognize the State of Palestine. I will make a formal announcement at the United Nations General Assembly in September,' the French head of state wrote on X and Instagram. Moreover, Canada has condemned Israel's failure to put an end to the unthinkable humanitarian conditions in Gaza after almost 21 months of war, according to Al Arabiya. In a post on X, Canadian Prime Minister Mark Carney described the humanitarian situation in Gaza as 'disaster,' accusing Israel of violating international law by blocking the Canadian-funded aid from delivery to civilians in Gaza. 'Canada calls on all sides to negotiate an immediate ceasefire in good faith. We reiterate our calls for Hamas to immediately release all the hostages, and for the Israeli government to respect the territorial integrity of the West Bank and Gaza,' Carney said. Related Topics: Time for Decisive Action: Over 100 Aid Agencies Warn of Mass Starvation in Gaza EU Urges Israel to Halt Killings at Gaza Aid Points US Envoy to Finalize Gaza Aid Corridor Amid Starvation Crisis Short link : Post Views: 100