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
Saudi Arabia reaffirms commitment to the two-state solution
- Waleed Elkhereiji stressed the “importance of mobilizing political and economic support and advancing practical steps that translate commitments into concrete measures and accelerate the realization of the two-state solution”
RIYADH: In Riyadh on Friday, Vice Minister of Foreign Affairs Waleed Elkhereiji participated on behalf of Minister of Foreign Affairs Prince Faisal bin Farhan in the extraordinary meeting of the Open-Ended Executive Committee at the level of foreign ministers of the member states of the Organization of Islamic Cooperation to discuss the Israeli occupation of Palestine, the Saudi Press Agency reported.
Elkhereiji reaffirmed the Kingdom’s support for the Global Alliance for the Implementation of the Two-State Solution and its efforts to unify international positions.
He stressed the “importance of mobilizing political and economic support and advancing practical steps that translate commitments into concrete measures and accelerate the realization of the two-state solution,” the SPA stated.
He also restated Saudi Arabia’s commitment to continuing this path with partner countries to achieve “a just and comprehensive peace that fulfills the aspirations of the Palestinian people to self-determination and the establishment of their independent state in accordance with the Arab Peace Initiative.”
