Saudi Arabia ranks second among G20 in the ICT Regulatory Tracker Index
Saudi Gazette report
RIYADH — Saudi Arabia achieved an exceptional accomplishment by securing second place among the G20 countries in the ICT Regulatory Tracker index issued by the UN International Telecommunication Union (ITU) for 2024.
The achievement confirms Saudi Arabia's remarkable progress in telecommunications and technology regulations, enhancing regulatory innovation, building cutting-edge digital infrastructure, and implementing effective market oversight mechanisms.
It also demonstrates Saudi Arabia's dedication to providing an attractive regulatory environment that stimulates investment and accelerates digital economic growth, solidifying its position as a global regulatory leader. The index aims to support decision-makers and regulatory entities in keeping pace with developments in the vital sector, as it measures the maturity of ICT regulatory frameworks across 194 countries. It is based on 50 criteria divided into four main pillars: regulatory authority, regulatory mandates, regulatory regime, and competition framework.
The achievement extends Saudi Arabia's series of international successes in the telecom and technology sector, as it continues to enhance its global position by achieving the highest classifications and advanced rankings. Saudi Arabia maintained second place among G20 countries in the ICT Development Index for two consecutive years, and it achieved second place among the G20 countries in the United Nations' Telecommunications Infrastructure Index (TII).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saudi Gazette
3 hours ago
- Saudi Gazette
OPEC+ nations to begin phased oil production increase in July
Saudi Gazette report RIYADH — Eight OPEC+ member countries, including Saudi Arabia, Russia, and the UAE, will raise oil production by 411,000 barrels per day (bpd) in July 2025 as part of a phased reversal of previous voluntary output cuts, the alliance announced on Saturday following a virtual meeting. The decision follows the group's earlier agreement on December 5, 2024, to gradually ease the 2.2 million bpd in voluntary reductions that were implemented in April and November 2023. The upcoming adjustment is equivalent to three monthly increments and reflects what the group described as a 'steady global economic outlook' and 'healthy market fundamentals,' including low oil inventories. The eight participating countries — Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman — stressed the adjustment remains flexible and may be paused or reversed depending on evolving market conditions. The statement emphasized that the approach is designed to support ongoing market stability and gives room for countries to accelerate compensation for previous group reaffirmed its full commitment to the Declaration of Cooperation and pledged to compensate for any excess volumes produced since January of conformity and compensation will continue through monthly meetings, with the next session scheduled for July 6, 2025, when the group will decide on production levels for August.
Saudi Gazette
3 hours ago
- Saudi Gazette
Saudi Arabia, Qatar announce joint financial aid to support Syrian public sector salaries
Saudi Gazette report DAMASCUS — Saudi Arabia and Qatar announced on Saturday a joint financial support package for public sector employees in Syria, as part of their continued efforts to bolster the country's economic recovery and alleviate humanitarian suffering. In a joint statement, the two countries confirmed they will provide salary support to Syrian public sector workers for a period of three months. This follows their earlier intervention to repay Syria's arrears to the World Bank, totaling approximately $15 million. The initiative reflects 'the brotherly bonds and historical ties' between the three nations and demonstrates Riyadh and Doha's shared commitment to Syria's stability and the well-being of its people. 'This support aims to contribute to economic and social stability, improve living conditions, and reinforce development efforts in Syria,' the statement said. Saudi Arabia and Qatar also reiterated their readiness to coordinate with the international community, including regional and global development partners, to establish a clear and comprehensive roadmap for sustainable support and economic growth in Syria. The announcement comes amid growing regional engagement with Damascus, following the lifting of US sanctions and new initiatives focused on post-conflict reconstruction and stabilization.
Saudi Gazette
4 hours ago
- Saudi Gazette
Saudi Arabia pledges reconstruction support for Syria as ties deepen
Saudi Gazette report DAMASCUS — Saudi Arabia's Foreign Minister Prince Faisal bin Farhan affirmed on Saturday from Damascus that the Kingdom will be at the forefront of nations supporting Syria's reconstruction and economic revival. Speaking alongside his Syrian counterpart, Asaad Al-Shibani, the minister also announced a joint Saudi-Qatari initiative to fund public sector salaries in Syria. 'Saudi Arabia will remain one of the leading countries standing beside Syria in its journey of reconstruction and economic revival,' Prince Faisal said during a joint press conference in Damascus. He confirmed that Riyadh and Doha will provide financial support for Syrian civil servants, signaling a new phase in bilateral cooperation. The visit follows U.S. President Donald Trump's recent announcement in Riyadh to lift economic sanctions on Syria, clearing the way for long-delayed economic recovery efforts after 14 years of devastating Faisal, who led a high-level Saudi economic delegation, met with Syrian President Ahmed Al-Sharaa and visited the Umayyad Mosque in Damascus alongside Al-Shibani, where the two performed foreign minister expressed gratitude for the Kingdom's role in lobbying for the lifting of U.S. sanctions, calling it 'instrumental in opening the door to economic normalization.'Al-Shibani confirmed that the two countries are entering a 'strong phase of joint investment and economic cooperation,' including infrastructure rebuilding, agricultural revival, and job part of the growing economic engagement, Saudi investors are expected to visit Damascus soon, with discussions underway on potential trade, investment, and development a significant financial gesture, Saudi Arabia and Qatar have also jointly cleared Syria's outstanding $15 million debt to the World is banking on this renewed regional backing to launch its economic recovery, following a war that killed over half a million people and crippled its to a February report by the United Nations, the cumulative GDP losses due to the conflict are estimated at $800 sanctions, imposed largely in response to the former Assad regime's crackdown on peaceful protests in 2011, had severely restricted Syria's access to international markets and funding. With those restrictions now lifted, Syria is seeking to reintegrate into regional economic frameworks with help from Gulf partners.
