RIYADH: During its 49th ordinary session, the Shoura Council called on the General Presidency of Scholarly Research and Ifta to open independent sections for women.
This ordinary session was held on Monday under the chairmanship of the president of the council, Abdullah Al-Asheikh.
It also called for hiring specialized women to issue fatwas, while providing the necessary human and material requirements to do so.
The council called on the presidency to take the necessary measures to complete the appointment of the muftis in the rest of the Kingdom and to adopt the necessary funds for the development of the library of the presidency.
During the session, the council called on the General Authority for Ports to transfer the advisory councils of the ports to boards of directors at each port and with all given administrative powers.
In its resolution, the council called on the General Authority for Ports, in coordination with the relevant authorities, to include in next reports its efforts to reduce the negative impacts on the marine coastal environment.
In another resolution, the Shoura Council called on the Agricultural Development Fund (ADF) to direct its support to make use of the ADF’s initiatives in developing the agricultural sector in the Kingdom and to develop an advanced performance strategy.
The council discussed the report of the Hajj, Housing and Services Committee on the annual report of the Real Estate Development Fund for the fiscal year 1436/1437 AH.
In its recommendations, the committee called on the Real Estate Development Fund to accelerate the implementation of the royal order, which includes the development of the fund’s system to become a financing institution capable of providing financial instruments and innovative solutions.
The committee called for providing support and assistance to the Real Estate Development Fund to collect on its overdue loans.
One of the council’s members called on the fund to apply the decision of the Council of Ministers, which exempted applicants before 23/7/1432 AH of the provisions of the regulation of housing subsidy.
She also demanded that soldiers stationed in the southern borders be exempted from repaying loans to the Real Estate Development Fund.
Saudi Shoura Council calls to hire specialized women to issue fatwas
Saudi Shoura Council calls to hire specialized women to issue fatwas
Economic growth and resilience at heart of 2nd AlUla Emerging Market Economies Conference
- Event on Feb. 8 and 9 will bring together ministers, governors of central banks, policymakers, economic experts and international financial institutions
- Emerging-market economies a ‘pivotal element’ in global economic system due to effect they have on growth and stability, says Saudi Finance Minister Mohammed Al-Jadaan
RIYADH: The second annual AlUla Conference for Emerging Market Economies, which Saudi Arabia will host next week, offers a platform to exchange views on global developments and discuss policies and reforms that support inclusive growth and strengthen economic resilience, the Kingdom’s finance minister said.
The event on Feb. 8 and 9 will bring together finance ministers, governors of central banks and policymakers, alongside economic experts and representatives of international financial institutions.
Organized by the Saudi Ministry of Finance in partnership with the International Monetary Fund, it takes place as emerging-market economies face mounting challenges amid rapid global economic change.
Finance Minister Mohammed Al-Jadaan said the decision to host the conference reflects Saudi Arabia’s ongoing commitment to efforts that support global financial and economic stability, and highlights the growing influence of emerging economies on worldwide growth.
Emerging-market economies represent a “pivotal element” in the global economic system due to the direct impact they have on economic growth and stability, he added.
“The AlUla Conference for Emerging Market Economies provides a unique platform for exchanging views on global economic developments, and discussing policies and reforms that will support inclusive growth and enhance economic resilience, in light of broader international cooperation that contributes to confronting common challenges,” Al-Jadaan said.
Kristalina Georgieva, managing director of the IMF, said the event would help emerging economies deal with growing uncertainty driven by technological change, demographic shifts and geopolitical tensions.
“The AlUla conference provides a vital platform for emerging economies to discuss how they can navigate the risks and embrace the opportunities ahead,” she said.
“In these times of sweeping transformations in the global economy, policymakers face a more challenging and uncertain environment. Countries should work together to strengthen resilience through sound macroeconomic and financial policies.”
