Page 92 - Development Affairs News Today

Synopsis The moves continue a shift of policy decisions away from traditional bodies such as the finance ministry and central bank, which began with the formation of a Council of Economic and Development Affairs, headed by the prince, after his father King Salman took the throne in 2015. AP Prince Mohammed, who became crown prince in 2017 in a palace coup that ousted his predecessor, has consolidated his hold over the main levers of power in the worlds largest oil exporter. Saudi Arabias de fac...

Windsor Castle27th April, 2021Her Excellency Mrs Ivita Burmistre was received in audience by The Queen today via video link and presented the Letters of Recall of her predecessor and her own Letters

Full transcript of Crown Prince interview on Vision 2030 April 28, 2021 Saudi Gazette report RIYADH — Crown Prince Muhammad Bin Salman, who is also the chairman of the Council of Economic and Development Affairs, discussed on Tuesday the most important achievements of the Kingdom Vision 2030 programs and projects over the past five years. In an interview broadcast by the state’s television and the most important Arab television channels, the C...

Saudi Mortgage Finance Giant Mulls US Debut Issuance Published April 27th, 2021 - 09:00 GMT The SRC had also set its own target of reaching a 10 percent share of total residential mortgage loans by the end of 2020. (Shutterstock) Highlights The SRC may tap international markets to boost liquidity by the end of 2021 The Saudi Real Estate Refinance Company (SRC), the mortgage finance giant owned by the Kingdom’s sovereign wealth fund, the Public Investment Fund (PIF), is considering an in...

RIYADH: Five years ago, Saudi Arabia’s then Deputy Crown Prince Mohammed bin Salman unveiled a strategic plan designed to transform the Kingdom’s economy, reduce its dependence on oil, and nurture a “vibrant society ... characterized by strong roots and strong foundations that emphasize moderate Islam, national pride, Saudi heritage and Islamic culture.” On the same day, in an interview with Al Arabiya news channel, he talked about the Saudi government having targets, key performance i...

Prince Mohammed is expected to highlight the kingdoms achievements of Vision 2030s first five years

April 26, 2021 Crown Prince Muhammad Bin Salman, deputy premier, minister of defense, and chairman of the Council of Economic and Development Affairs (CEDA). Saudi Gazette report RIYADH — Crown Prince Muhammad Bin Salman, deputy premier, minister of defense, and chairman of the Council of Economic and Development Affairs (CEDA), said that the programs of realizing the Kingdom’s Vision 2030 were able to make exceptional achievements as well as to address structural chall...

April 26, 2021 Crown Prince Muhammad Bin Salman, deputy prime minister and chairman of the Council of Economic and Development Affairs (CEDA), confirmed that the Vision 2030 programs have made great strides. RIYADH — Conveying his gratitude to the Custodian of the Two Holy Mosques King Salman for the special care and great support he is providing to the Kingdoms Vision 2030, Crown Prince Muhammad Bin Salman, deputy prime minister and chairman of the Council of Economic and...

RIYADH: The Saudi Real Estate Refinance Company (SRC), the mortgage finance giant owned by the Kingdom’s sovereign wealth fund, the Public Investment Fund (PIF), is considering an international bond issuance this year, possibly in the US, its CEO told Arab News. The SRC issued an SR4 billion ($1.07 billion) domestic sukuk — the Islamic equivalent of a bond — last month, designed to provide liquidity to the Kingdom’s housing market. CEO Fabrice Susini said that the SRC’s current balan...

ASEAN Chairman’s statement: The ASEAN-United Kingdom (UK) Open-Ended Troika Meeting was held on 8 April 2021 via videoconference to discuss the critical situation on the COVID-19 pandemic, initiatives to build a resilient and sustainable economic recovery, and efforts to address the adverse impact of climate change. The Meeting was chaired by The Honourable Dato Erywan Pehin Yusof, Minister of Foreign Affairs II of Brunei Darussalam, in his capacity as the Chair of the ASEAN Foreign Ministers...