RIYADH: Saudi Arabia’s non-oil sector of the economy is still healthy and the private sector will contine to grow, stimulated by reforms, the Saudi central bank governor said on Thursday.
Ahmed Al-Kholifey, governor of the Saudi Arabian Monetary Authority (SAMA), also said international cooperation was needed to assess the risks and impact of crypto-currencies.
“We warned the public that be careful there is no legal framework protecting you and we need really to understand more and this is what you hear in the international area when you go to meetings, they have the same feeling,” he said at an investment conference in Riyadh.
“I think it means more international efforts to assess the impact of crypto-currencies on financial stability and the financial system in general,” he said.
Separately the authority is also studying how to conduct future money market operations given the rise in debt issuance in the country.
He was speaking at an investment conference in Riyadh against a background of a surge in domestic bond issuance by the government to help fund the budget deficit.
He gave no details of what operations would be considered.
Saudi central bank chief urges caution on crypto-currencies
Saudi central bank chief urges caution on crypto-currencies
KSrelief transfers Gaza girl to Jordan for cancer treatment
- Roza Al-Dreimli in Jordan because Israel destroyed Gaza hospitals
- Under assessment, monitoring at the King Hussein Cancer Center
AMMAN: A cancer-stricken Palestinian girl from Gaza is now undergoing clinical observation prior to treatment at a specialist hospital in Jordan, thanks to Saudi Arabia’s aid agency KSrelief.
Roza Al-Dreimli was transported to Amman from the Gaza Strip through the initiative of KSrelief, as a part of Saudi Arabia’s continued medical support for Palestinians, the Saudi Press Agency reported on Friday.
Al-Dreimli was prioritized because assessments indicated the need for advanced treatment of cancerous cells at the base of her brain. She is at the King Hussein Cancer Center, and being treated by a team of pediatricians.
She is currently undergoing “intensive clinical monitoring” to “ensure control of the condition, and prevent any potential neurological or visual complications resulting from the tumor’s location,” the SPA reported.
Al-Dreimli’s family expressed profound gratitude for KSrelief’s swift intervention, and hoped the specialized care would ensure a full recovery.
Such specialized care is currently unavailable in the Gaza Strip because of Israel’s alleged genocidal destruction of hospitals and killing of medical workers since Oct. 7, 2023.
Israel has systematically destroyed homes and commercial buildings and infrastructure in the Palestinian enclave, killing over 70,000 Palestinians, many of them unarmed men, women and children, and injuring more than 170,000.
Tel Aviv has stated that its actions were in retaliation to a raid by Hamas of Israeli border villages, during which the militant group reportedly killed more than 1,200 people and took 254 hostages.
