Iraq considers that it has reservations regarding a clause in the final agreement of COP28 that restricts its ability to act “to fulfill its commitments towards the Iraqi people and national interests,” according to a government statement issued on Thursday.
The government praised the efforts of Iraqi negotiators who, according to the statement, managed to maintain the role of fossil fuels as a tool for development and prevent the adoption of texts sought by some developed countries that are considered “detrimental to the interests of our peoples.”
Inflation in Saudi Arabia reaches 1.7% in November: GASTAT
Saudi Arabia experienced a slight shift in its inflation rate in November, reaching 1.7%, slightly up from the 1.6% recorded in October, according to official data. The latest report from the General Authority for Statistics indicated that the slight increase in inflation was driven by rising prices of housing, water, electricity, gas, and other fuels, which rose by 1.3% in November compared to the previous month. The report noted that rental prices were the main reason for the inflation rate in November 2023 due to their relatively high importance in the Saudi consumer basket at 21%.
Saudi Finance Minister selected to chair the International Financial and Monetary Committee
Saudi Finance Minister Mohammed Al-Jadaan has been chosen to chair the International Financial and Monetary Committee, an advisory body that provides advice to the Board of Governors of the International Monetary Fund. Committee members appointed him on Wednesday to serve a term of three years starting January 4. He succeeds Nadia Calvino, the Spanish Deputy Prime Minister and Minister of Economic Affairs and Digital Transformation, who has chaired the committee since January 3, 2022.
Al-Jadaan said: “Saudi Arabia’s selection to chair the International Financial and Monetary Committee reflects the international community’s trust in its regional and international position and its pivotal role in promoting multilateral work.” He added: “I look forward to working with the committee members and the Fund’s management towards enhancing the stability and effectiveness of the global monetary and financial system, and boosting opportunities for global economic growth.”
Saudi Arabia launches an online platform for using Geographic Information Systems
The geographic infrastructure in Saudi Arabia is set to receive a strong boost with the launch of an open data portal that will utilize Geographic Information Systems to achieve sustainable development goals. The portal was announced at the Geographic Data Conference, organized by the General Authority for Survey and Geographical Information in collaboration with the General Authority for Statistics in Riyadh on Tuesday, according to
Source: https://www.arabnews.com/node/2425606
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