As part of achieving Vision 2030 goals, the Council of Economic and Development Affairs (CEDA) launched the Financial Sector Development Program, which is one of 12 executive programs launched by CEDA. The program seeks to further develop the financial sector as a diversified and effective financial services sector, supporting the development of the national economy by stimulating savings, financing, and investing.
Following the announcement of the United States of America’s withdrawal from the JCPOA; an official from the Kingdom of Saudi Arabia’s Ministry of Energy, Industry, and Mineral Resources reassured that the Kingdom remains committed to supporting the stability of oil markets, benefiting producers and consumers alike, and to sustaining growth in the global economy. The Ministry's official added that the Kingdom would work with major producers within and outside of OPEC, as well as, major consumers to mitigate the impact of any potential supply shortages.
The Kingdom of Saudi Arabia supports and welcomes the steps announced by President Donald Trump regarding the United States’ withdrawal from the Iran nuclear deal. The Kingdom also supports reinstating economic sanctions on the Iranian regime, which have been suspended under the nuclear deal.
The Spokesperson for the Coalition to Restore Legitimacy in Yemen, Colonel Turki Al Maliki, issued a statement stressing that the Coalition is following with interest claims that have been circulating in some media outlets that a wedding tent in the area of Bani Qais in the Hajjah province was targeted.
The Iranian backed Houthi militias in Yemen are holding hostage 19 ships, carrying over 200 thousand tons of petroleum byproducts in the anchoring zone outside of the port of Hodeida, which is under the militia’s control. Some of these ships have now been detained for over 26 days, and are prevented from going into the port, despite the port being free of any other ships.
The Fifth Military Region’s Command of the Yemeni National Army announced today the complete liberation of the coastal city of Midi from the grip of the Iranian-backed Houthi militia. In a statement carried by the Yemeni news agency, the army stated that it has hoisted the Yemeni national flag in the liberated city, paving the way for total victory in all occupied provinces in Yemen.
The Coalition Forces to Support the Legitimacy in Yemen Spokesperson, Colonel Turki Al-Maliki, stated that at 7:40am this morning, Abha Airport’s defense system detected an unidentified object moving in the direction of the airport. This object was then managed in accordance with the rules of engagement and destroyed. All air traffic was suspended in accordance with the international laws of aviation, which later resumed after neutralizing the threat.
In a speech full of vitriolic rhetoric given with disregard for peace, Saleh Ali Al-Sammad, a leader in the Houthi militia, has declared the Houthis’ intent of continuing attacks against the Kingdom of Saudi Arabia during a political council meeting in Yemen yesterday. His statements threatened the Kingdom, calling for continuous daily ballistic strikes against Saudi Arabia, claiming that the Kingdom’s defenses will be threatened, unable to defend itself from repeated attacks.
During His Royal Highness Crown Prince Mohammed bin Salman’s stop in Houston, His Royal Highness met with Houston Mayor, The Honorable Mayor Sylvester Turner and Houston Habitat for Humanity Executive Director, Ms. Allison Hay, both of whom welcomed the Crown Prince and expressed appreciation for the efforts put forth by the Kingdom of Saudi Arabia’s citizens in Houston during the aftermath of Hurricane Harvey. His Royal Highness the Crown Prince visited several homes affected by the Hurricane, taking-in the site of a home that had been rebuilt with the aid of Saudi volunteers.
His Royal Highness Crown Prince Mohammed bin Salman along with His Royal Highness Prince Khalid bin Salman, the Kingdom of Saudi Arabia’s Ambassador to the United States of America, visited Katy, Texas near Houston, to meet with business and government leaders at an event hosted by Saudi Basic Industries Corporation (SABIC). Special guests included U.S. Secretary of Energy Rick Perry, Mississippi Governor Phil Bryant, and other officials.