Saudi, UAE economy ministers discuss enhancing cooperation    Al-Hogail: Investments in developing residential suburbs exceed SR140 billion    PIF launches third edition of Private Sector Forum    Egypt to present 'vision' to rebuild Gaza without displacement    'Ineffective' generic drugs fuel rare public anger in China    Saudi Arabia ranks 4th and Riyadh 3rd globally in digital services    Legal showdown looms as Trump tests limits of presidential power    Trump insists US will take Gaza as he meets Jordan's King Abdullah    Russia releases imprisoned American in what US calls a step toward end of Ukraine war    Saudi Air Force to participate in Cobra Warrior 25-1 exercise in UK    Saudi Arabia assumes presidency of GlobeE anti-corruption network    Maya Diab joins Arab stars and celebrities in celebrating the Centrepoint Ramadan 2025 collection launch at Riyadh Boulevard    Schools across Saudi Arabia start celebrating Founding Day in an air of festivity    Oilatum tackles rise in Eczema and Dry Skin in Saudi Arabia    HONOR brings together AI and luxury with PORSCHE DESIGN HONOR Magic7 RSR at LEAP 2025    Eagles win Super Bowl LIX to end the Chiefs' dream of a three-peat    Chinese film stirs national pride, rakes in $1bn in days    Sharifa Al-Sudairi makes historic debut at Asian Winter Games    Ivan Toney's brace secures Al Ahli victory over Al Fateh in Saudi Pro League    Al Nassr reclaims third place with 3-0 victory over Al Fayha as Jhon Durán shines    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Prince Saud Al-Faisal: King's Initiative To Hike Capital of Financial Institutions Will Provide $10 Billion 4 Riyadh
Published in Saudi Press Agency on 22 - 01 - 2013

Arab investment through the amended unified agreement, Arab capital investment, increase of investment, in addition to Arab strategy and developing use of renewable energy from 2010 to 2020, which is characterized with far-sightedness and significant future plan.
He drew attention, also, to the question of Arab customs union which has received Arab leaders special interest, as they reaffirmed their insistence to complement the prerequisites of free inter-Arab trade, and demanded setting a date for its launching, prior to the end of 2013.
Responding to reporters' questions, the Foreign Minister pointed out that the criterion related to the summit recommendations, lies in implementing them, as implementation comes through credibility and seriousness in dealing with taken decisions and following up carrying them out, confirming that the conference committee will follow up the summit decisions, exert utmost effort to convince those committed, to carry them out and that AL Secretariat General will expose any shortcomings, in case of non-commitment, through periodical sorting out of what has been carried out and what has not, without imposing any particular mechanism.
On guaranteeing equitable participation in the Arab Development Fund, he pointed to the new development emerged out of the summit, as it did not talk about backing countries, rather mentioned the beneficiaries, thus, we should agree that exigency of equitable taking advantage among Arab countries, calling on beneficiaries to change some of their ways in dealing with Arab commercial situation, to facilitate trade exchange, as all of us recognize the complexities preventing the passage of Arab commodities, among the Arab world.
--More


Clic here to read the story from its source.