JEDDAH: The minister of commerce and investment, Majid bin Abdullah Al-Qassabi, visited the ministry’s office in Tabuk on Tuesday.
The minister urged everyone to continue to perform their duties, increase their field inspection efforts, and facilitate procedures so as to provide all services required by traders and consumers.
After that, the minister met at the Tabuk Chamber of Commerce and Industry businessmen, businesswomen, and representatives of the province’s private sector.
He spoke about the private sectors’ important role in the Saudi development process and urged the province’s businessmen to submit their initiatives and vision for their sectors. He pointed out that the ministry is reviewing all initiatives and proposals submitted by the private sector to develop and improve all businesses.
Role of Saudi private sector to achieve Vision 2030 reviewed
Role of Saudi private sector to achieve Vision 2030 reviewed
- The minister urged the province’s businessmen to submit their initiatives and vision for their sectors
Saudi Arabia stops ballistic missiles aimed at Prince Sultan Air Base
- Saudi Arabia’s cabinet on Tuesday strongly condemned Iranian attacks targeting the Kingdom
RIYADH: Saudi Arabia shot down seven ballistic missiles, the defense ministry said early Wednesday.
Six of the missiles were aimed at Prince Sultan Air Base, and the other was intercepted while heading to the Eastern Province.
Five drones were knocked down heading to the Shaybah oil field in the Empty Quarter.
Eleven drones were also shot down in Al-Kharj, Hafar Al-Batin, and other parts of the Eastern Province, the ministry said.
The war, launched by the US and Israel on Iran, has escalated, impacting regional stability and sparking a global energy crisis.
Saudi Arabia’s cabinet on Tuesday strongly condemned Iranian attacks targeting the Kingdom, Gulf states and other countries in the region, saying they threaten regional security and violate international law.
The cabinet session, chaired by Crown Prince Mohammed bin Salman via videoconference, reaffirmed Saudi Arabia’s right to take all necessary measures to protect its security, sovereignty and territorial integrity.
Brent crude hit a historic $120 a barrel on Monday before settling back down to $90 a barrel on Tuesday.
Amin Nasser, CEO of Aramco, the world’s top oil exporter, told reporters: “There would be catastrophic consequences for the world’s oil markets and the longer the disruption goes on ... the more drastic the consequences for the global economy.”
The White House said that gas prices will plummet once US objectives in the war are reached.
The conflict could stretch on for months despite US President Donald Trump saying that it could be drawing to a close. But Iran’s Revolutionary Guard has said it will end when they decide.
