Planning council reviews economic progress, Saudi Vision achievements

09/12/2024 15:18 AST

Saudi Arabia's top council on economic affairs reviewed a number of reports during a virtual meeting held on Wednesday, the Saudi Press Agency reported. The Council of Economic and Development Affairs studied a financial report for the second quarter of 2024 in a presentation by the Ministry of Economy and Planning. The report included an analysis of the global economy, financial markets, and updates on the nation's fiscal situation and its key indicators. There was a 4.9% year-on-year growth in the non-oil sector during Q2 and a stabilization of general inflation rates at 1.5% in July. The report indicated the strength of Saudi Arabia's economy and the effectiveness of the measure taken to deal with global economic changes. The ministry's presentation also touched on future projects for the national economy and important reports from international and local bodies related to it. The members also reviewed a presentation by the council's own Strategic Management Office on the Saudi Vision report for Q1 of 2024. The report highlighted the key achievements of the Vision's programs, strategic goals, and evaluation of their performance. The Vision report noted that 2024 had begun with significant progress across all three pillars of the program, namely, a vibrant society, a thriving economy, and an ambitious nation. The council also reviewed the Saudi Public Investment Fund's annual report for 2023, traffic safety report for 2023, and a report on the social support subsidy system.


Arab News

Most Viewed Companies

Ticker Price Volume

Recent News

Saudi Arabia's POS transactions fluctuate in early September to reach $3.5bn

09/12/2024

Saudi Arabia's point-of-sale transactions dipped in the first week of September, dropping by 4.9 percent from the previous week to reach SR13.3 billion ($3.5 billion), with the education sector leadi

Arab News

Three Zakat, Tax, and Customs Authority employees arrested after receiving bribes: Nazaha

15/09/2024

RIYADH: Three employees of the Zakat, Tax, and Customs Authority at the King Abdullah Port in Rabigh have been arrested after receiving bribes from six residents.

The bribes amounted to SR2,

Arab News

Saudi Arabia's inflation rate hits 1.6% in August: GASTAT

14/09/2024

Saudi Arabia's annual inflation rate reached 1.6 percent in August compared to the same month last year, driven by higher housing costs, official data showed.

According to the General Autho

Arab News

S&P revises Saudi Arabia's outlook to positive, affirms 'A/A-1' ratings

13/09/2024

S&P Global Ratings has revised its outlook on Saudi Arabia to positive from stable and affirmed its 'A/A-1' long- and short-term foreign and local currency unsolicited sovereign credit ratings. The

Saudi Gazette

Saudi Arabia calls for regional cooperation to tackle environmental challenges

11/09/2024

Regional and international cooperation is pivotal in addressing environmental challenges, especially in rehabilitating degraded lands, according to Saudi Arabia's vice minister of environment, water,

Arab News

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap