The Council of Economic and Development Affairs in Saudi Arabia reviewed a number of reports and topics on its agenda, including the quarterly presentation submitted by the Ministry of Economy and Planning on the performance of the global and local economy for the first quarter of 2024, which included an analysis of the trends and prospects for the growth of the global economy, and their potential impact on the national economy.
The Council noted the strength of the Kingdom's economy in facing all challenges, with the continued growth of non-oil activities, and the stability of the annual inflation rate by 1.6 percent, in a range below the global target. He also touched on the future expectations of the national economy.
The total reserve assets of the Saudi Central Bank (SAMA) during April 2024 increased by 3.4 percent year-on-year, reaching 1.66 trillion riyals ($ 442.5 billion), compared to 1.61 trillion riyals ($ 429 billion) in the same period of the previous year.
Source (Al-Arabiya.net Website, Edited)
