Saudi riyal holds steady against US dollar and major currencies
Foreign exchange rates against the Saudi riyal remained stable on Saturday, while the US dollar index declined globally at the end of the week.
The Shoura Council's chief, Abdullah bin Mohammed bin Ibrahim Al Sheikh, has reiterated Saudi Arabia's commitment to joint Arab parliamentary efforts at a meeting in Cairo. Al Sheikh, who serves as the chairman of the Arab Inter-Parliamentary Union's executive committee, will lead the 43rd session of the union's executive committee tomorrow in Cairo. Representatives from member Arab parliaments and councils are expected to attend the meeting.
In a press statement, Al Sheikh emphasized that Saudi Arabia, under the guidance of King Salman bin Abdulaziz and Crown Prince and Prime Minister Mohammed bin Salman, places great importance on joint Arab action. He highlighted that the kingdom supports all endeavors aimed at strengthening cooperation and coordination among Arab states.
Al Sheikh noted that parliamentary diplomacy plays a crucial role in aligning positions, backing Arab initiatives, and bolstering security and stability in the region. He stressed the necessity of building upon previous accomplishments and concentrating efforts on specific goals and practical plans to enhance the union's regional and global influence.
Al Sheikh further stated that the executive committee meeting occurs at a time that necessitates increased parliamentary coordination and the creation of joint mechanisms to enhance efficiency and fortify backing for Arab interests. The Shoura Council delegation comprises Secretary-General Mohmed Al-Mutairi and council member and executive committee member Abdulaziz Al-Muhanna.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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