Saudi Cabinet Approves UBS Branch Establishment, Reiterates Support for Peace and Palestinian Statehood, Emphasizes Global Partnerships and Economic Progress
The Saudi Cabinet, led by King Salman bin Abdulaziz, approved the establishment of UBS AG branches in Saudi Arabia during a session focusing on regional stability and peace.
The Kingdom reiterated its support for Palestinian statehood and called for an end to Gaza hostilities.
Following the session, Minister of Media Salman Al-Dossary highlighted the benefits of the GCC-Central Asia Strategic Dialogue and Saudi Arabia's dedication to global partnerships and multilateral cooperation.
The text discusses the Saudi Arabia Economic Forum where topics such as the country's economic reforms and its role in global economic discussions were addressed.
The World Economic Forum is set to take place in Riyadh, highlighting Saudi Arabia's significance in international economic conversations.
Furthermore, the World Bank has recognized Saudi Arabia as a knowledge center for global economic reform practices, acknowledging the country's advancements in enhancing its competitiveness.
This recognition comes as five Saudi cities rank highly in the 2024 Smart Cities Index, demonstrating the Kingdom's rapid progress in urban development and digital transformation.