RIYADH: Saudi Arabia supports the International Monetary Fund (IMF) proposal to allocate new special drawing rights worth $650 billion to increase reserves, said Finance Minister Mohammed Al-Jadaan, during his participation in The Spring Meetings 2021, Al Arabiya reported.
This would support efforts for economic recovery by providing additional liquidity to the global economic system, he said.
Special drawing rights were set up by the IMF in 1969 and are intended to supplement the money reserves of member countries.
The IMF this week raised its forecast for economic growth in the Kingdom to 2.9 percent from 2.6 percent.
The Kingdom will do what it takes to accelerate the recovery and will commit to economic and structural reforms guided by Vision 2030 to achieve sustainable growth, he added.
Updated 12 April 2021
April 12, 2021 03:01
TRIPOLI: Under a yellow tarpaulin stretched over an arched metal frame, Siraj Bechiya and his partner inspect their hydroponically grown lettuce, pioneers of the method in mostly desert Libya where conventional agriculture struggles.
Zip ties, punctured plastic cups as pots and PVC tubing bought in DIY shops hold the precious crops at “Green Paradise” so dubbed by the two young Libyan entrepreneurs spearheading the project.
But the ad hoc nature of the materials hasn’t stopped the plants from thriving, their long white roots nourished by water rich with nutrients and oxygen.
Bechiya and his partner, Mounir, have been working tirelessly on their project for months in the small town of Qouwea, 40 km east of the capital Tripoli, erecting a tunnel-shaped greenhouse surrounded by breeze-block walls on a semi-arid site.
RIYADH: Ministry of Human Resources and Social Development control teams carried out 17,737 inspection tours in a single week on private sector enterprises in the Kingdom to ensure compliance with labor regulations. Teams also followed up on precautionary and preventive measures against the coronavirus (COVID-19) pandemic. The inspection tours, carried out between April 1-7,
MOSCOW: The Egyptian Minister of Irrigation Mohamed Abdel Aty confirmed Cairo’s readiness to deal with all the problems arising from the Grand Ethiopian Renaissance Dam (GERD).
In televised statements, the minister said that Egypt is not concerned, even if Ethiopia implements the second phase of filling the Renaissance Dam reservoir.
He said that the state would not wait for any damage to occur and that Egypt had prepared for all possible scenarios five years ago.
Abdel Aty stressed that Egypt and Sudan showed great flexibility in GERD negotiations with Ethiopia.
“Ethiopian intransigence is the reason for the failure of the negotiations,” he said.
The American International School of Jeddah (AISJ) is the newest IB candidate school in Saudi Arabia. In January, AISJ received the official notification that their request to offer the IB Diploma Program (DP) was accepted. Their staff is now undergoing training to become certified to teach this curriculum. This is an important step in deepening the school’s commitment to