Latest news with #RiyadhGlobalDroughtResiliencePartnership
Saudi Gazette
23-05-2025
- Business
- Saudi Gazette
Aljadaan outlines Saudi priorities at IsDB Annual Meetings in Algiers
Saudi Gazette report RIYADH — Minister of Finance and Saudi Arabia's Governor at the Islamic Development Bank (IsDB) Group, Mohammed Aljadaan, led the Kingdom's delegation to the IsDB Group's Annual Meetings held in Algiers from May 19 to 22. Held under the theme 'Diversifying Economies, Enriching Lives,' the meetings focused on advancing economic transformation and improving living standards across IsDB member countries, the Ministry of Finance said in a statement. During the general session of the IsDB Board of Governors, Aljadaan addressed the group's strategic framework for 2026–2035, describing it as a foundational roadmap for institutional performance in the coming decade. 'We all recognize that the success of this ambitious vision is closely tied to the establishment of clear and practical mechanisms for measuring development impact,' Aljadaan said. 'An integrated system of indicators will ensure transparency, accountability, and effective monitoring of implementation plans.' In a Governors Roundtable Meeting titled 'Bridging the Gap: Multilateralism, Changing Trade Dynamics, and the Future of Development Finance,' Aljadaan highlighted the IsDB's key role in driving economic growth, regional integration, and fostering intra-trade and joint investment among member states. He called for greater synergy and coordination among IsDB-affiliated institutions. He also urged support for structural reforms to ensure fiscal sustainability and economic stability in the medium and long term, while reinforcing trust in multilateral institutions through enhanced efficiency and inclusivity. Aljadaan also took part in the High-Level Roundtable to operationalize the Riyadh Global Drought Resilience Partnership (RGDRP), stressing the urgent need to address the impact of drought, particularly in vulnerable regions like Africa and the Middle East. 'Drought is no longer a seasonal anomaly—it is a structural threat affecting 1.84 billion people globally, nearly 5% of whom face extreme conditions,' he said. 'Through the RGDRP, Saudi Arabia is reaffirming its Vision 2030 commitment to protect people, restore ecosystems, and foster shared prosperity.' The IsDB Group's Annual Meetings serve as a platform for international leaders, policymakers, and development experts to collaborate on advancing sustainable development, sharing knowledge, and addressing global economic challenges.
See - Sada Elbalad
20-05-2025
- Business
- See - Sada Elbalad
Al-Mashat Arrives in Algeria For Islamic Development Bank Group Annual Meetings
Rana Atef Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, and Egypt's Governor at the Islamic Development Bank Group, arrived in Algeria for the 2025 Annual Meetings of the Bank Group, held from May 19 to 22, 2025, under the theme: 'Diversifying Economies, Enriching Lives', with the wide participation of Ministers of Finance, Economy, Planning, and International Development of the 57 member countries. This is in addition to leaders of global financial institutions, development partners, decision-makers, and representatives of the private sector, featuring strategic discussions aimed at proposing sustainable solutions to the social and economic challenges facing the member countries of the Bank Group, as well as contributing to supporting development and prosperity on a global level. Dr. Rania Al-Mashat's participation agenda includes a wide range of events, including a high-level roundtable on operationalizing the 'Riyadh Global Drought Resilience Partnership', and a panel discussion on accelerating progress towards the SDGs in the middle-income countries of the Islamic Development Bank. In addition, several bilateral meetings are scheduled, including a meeting with Dr. Abdullah Al-Dardari, UN Assistant Secretary-General and Director of the UNDP Regional Bureau for Arab States,, a meeting with Mr. Álvaro Lario, President of the International Fund for Agricultural Development (IFAD), and a meeting with Eng. Adeeb Y. Al Aama, CEO of the International Islamic Trade Finance Corporation (ITFC). The current session of the Islamic Development Bank Group's annual meetings addresses pivotal issues such as economic diversification, strengthening economic resilience, and supporting innovation as a key driver of development, alongside reviewing successful development initiatives and institutional achievements that reflect the progress made by member countries. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
