Saudi Press

Saudi Arabia and the world
Wednesday, Sep 18, 2024

Saudi Arabia Unveils Comprehensive Market and Security Reforms Amid Global and Regional Developments

Saudi Arabia ramps up transparency and investment initiatives with new market strategy and AI training programs.
Saudi Arabia is set to bolster its market with a new 2024-2026 strategy by the Capital Market Authority, aiming to enhance transparency and attract foreign investments through initiatives like robust debt markets and sustainable regulatory reforms.

In a move to improve project efficiency, the Deputy Emir of Makkah launched the Development Follow-up Unit to closely monitor and expedite projects, marked by a new memorandum of understanding to ensure financial sustainability and transparency.

The efforts to modernize continue with Saudi Arabia's Interior Minister inaugurating AI and cybersecurity programs at King Fahd Security College, complete with advanced training for over 1,200 trainees, spotlighting the nation's commitment to technological advancement and security preparedness.

Meanwhile, a significant political shift occurs in Jordan as Prime Minister Bisher al-Khasawneh resigns following the opposition's success in parliamentary elections, paving the way for King Abdullah II to appoint a new government.

On the international front, the UK and US reaffirm their support for Ukraine, condemning recent Russian airstrikes and discussing coordinated actions on global security issues in their strategic dialogue held in London.

Lastly, in Venezuela, the government has detained six foreign nationals accused of plotting to assassinate President Maduro, seizing a significant cache of weapons and heightening diplomatic tensions, particularly with Spain.
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