Saudi Armed Forces and Egypt enhance military ties through "Piercing Arrow 2024" exercise, while Saudi Arabia seeks global investment in mining sector. Concurrently, Riyadh advances urban development with lifted land restrictions, and central bank adjusts rates for financial stability.
In a bid to enhance military cooperation, the Saudi Armed Forces are actively participating in the "Piercing Arrow 2024" joint exercise with Egypt, involving a wide array of military units and focusing on improving operational compatibility and skill development.
Meanwhile, in the realm of economic collaboration, Eng. Khalid Al-Mudaifer, Saudi Arabia's Vice Minister of Mining Affairs, met with global commodity traders in Geneva to boost investment in Saudi's burgeoning mining sector, signaling a robust effort to attract international partnerships.
Back in Riyadh, the recent lifting of land restrictions around the New Murabba Project opens the door to significant urban development, showcasing the city's ambition to create a distinguished urban model that will contribute to its future growth and global prominence.
On the financial front, the Saudi Central Bank has cut its Repo and Reverse Repo rates following a similar move by the US Federal Reserve, aiming to maintain monetary stability and align with global financial trends, ensuring support for the kingdom's financial stability.
Shifting focus to international politics, Russian President Vladimir Putin's congratulatory message to
Donald Trump on his election victory raised European concerns over potential shifts in U.S. policy, particularly regarding military aid to Ukraine, while allies like Hungary signal upcoming trade negotiations.
Lastly, on a more positive note, Rajasthan, India, celebrated a conservation milestone with the successful hatching of a great Indian bustard chick via artificial insemination, highlighting efforts to preserve this critically endangered species despite ongoing challenges.