BALI: Saudi Arabia’s finance minster has attended the International Monetary Fund (IMF) and the World Bank (WB) annual meetings held in Bali, Indonesia, from Oct. 12-14.
Minister Mohammed bin Abdullah Al-Jadaan headed his country’s delegation at the IMF and World Bank meetings along with other senior Saudi officials.
In his speech before the IMF, Al-Jadaan affirmed that the global economy continued to improve despite slow growth momentum, high level of trade-related risks, and high levels of public and private debt in many countries.
He stressed the importance of promoting economic integration, trade exchange and intensifying efforts to promote international cooperation.
Jadaan reviewed the latest developments of the Saudi economy, noting the remarkable progress in implementing large-scale economic and social reforms, coinciding with high levels of articulation of the private sector in the economy.
He also noted the improvement in the performance of public finances with a notable decrease in deficit levels, in addition to efforts to create more job opportunities, particularly among youth and women.
As well as highlighting the Kingdom’s active role and contribution to support the stability in the world oil markets.
The meetings were attended by Al-Jadaan’s accompanying delegation, including Mohammed bin Mazyad Al-Tuwaijri, Minister of Economy and Planning; Dr. Ahmad bin Abdulkarim Al-Khulaifi, Governor of the Saudi Arabian Monterrey Agency (SAMA), and a number of senior officials.
Saudi finance minister participates in IMF, World Bank meetings in Bali
Saudi finance minister participates in IMF, World Bank meetings in Bali
Saudi inventor wins two gold medals at Mideast International Invention Fair
- Khudry was recognized for inventing a device designed to filter materials and recycle used liquids
- The innovation aims to improve efficiency in liquid purification and reuse
RIYADH: Saudi inventor Duaa Nizar Khudry won two gold medals at the 16th International Invention Fair in the Middle East (IIFME), held in Kuwait from February 8 to 11, the Saudi Press Agency (SPA) reported.
Khudry was recognized for inventing a device designed to filter materials and recycle used liquids, an innovation aimed at improving efficiency in liquid purification and reuse. The technology has potential applications in environmental protection, industrial processing, and water conservation, particularly in regions where sustainable resource management is critical.
A member of the Mawhiba Alumni Program, Khudry represented Saudi Arabia with the support and nomination of the King Abdulaziz and His Companions Foundation for Giftedness and Creativity (Mawhiba), which was participating in the fair for the third time.
She received her first gold medal from the fair’s organizers and was also awarded the IFIA Best Invention Award by the International Federation of Inventors’ Associations, recognizing her innovation as one of the most outstanding entries in the exhibition.
The IIFME, organized annually by the Kuwait Science Club since its launch in 2007, is regarded as one of the region’s largest specialized invention exhibitions and a major platform for inventors to present their work to international audiences.
As a student, Khudry won first place nationwide at the National Olympiad for Scientific Creativity (Ibdaa) in 2013 for the same recycling device, competing against tens of thousands of students across the Kingdom. She later obtained an official patent for the invention in 2024, strengthening its scientific and commercial potential.
She studied chemistry and is currently pursuing graduate studies in materials science and engineering under the Custodian of the Two Holy Mosques Scholarship Program. Her research focuses on environmental sustainability, advanced materials, and liquid purification technologies.
