PM chairs Economic Commission follow-up meeting on economic recovery

EU: Two million beneficiaries from Resilience Enhancement Program in eight governorates

The European Union mission in Yemen announced the conclusion of the final phase of the joint program to enhance resilience in rural areas of Yemen, which has benefited more than 2.3 million people in eight governorates.

Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression

The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.

U.S. President plans to increase tariffs on steel, aluminum imports

U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.

Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense

Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.

Last Update: ، 2025/07/12 Time 09:14:38
Latest News:

Central Bank discusses establishing fast payment company

Foreign Minister Meets with Outgoing Mexican Ambassador

Minister Al-Zawri Discusses Capacity Building and Social Protection with UNHCR Representative

Ministry of Agriculture Signs MoU with Q Sun Foundation to Enhance Media Capacity

Government calls on countries, organizations to address environment disaster over "Magic Seas" sink

PM chairs Economic Commission follow-up meeting on economic recovery

[10/09/2018 03:37]

RIYADH-SABA
Prime Minister Ahmed bin-Daghr chaired a meeting with the Economic Commission to follow up on the economic developments and measures taken by the government to stop the deterioration of the national currency, Riyal.

The meeting recounted the mechanism adopted in the last Cabinet meeting to tackle the Riyal depreciation and mitigate its impact on the people.

The Prime Minister said the measures which the government had taken included allowing traders to open letters of credits with the national banks to cover the import of basic foodstuffs identified in the previous meeting. The covered items are wheat, rice, sugar, milk, edible oil and medicines.

The Prime Minister said that "the matrix of urgent economic measures for economic recovery is carried out systematically and automatically and with the cooperation of all governmental and private agencies, and will be crowned with success." He hailed the great efforts exerted by the Economic Commission to follow up on the implementation of the tackling measures.