Saudi newspaper interests

Riyadh, Rajab 26, 1444 AH, corresponding to February 17, 2023 AD
Today’s major newspaper headlines:
By order of the King.. Awarding the Third Class Merit Medal to 60 male and female citizens for donating blood ten times
The Crown Prince issues a decision appointing Al-Bunyan as Chairman of the Board of Directors of the Small and Medium Enterprises Bank
The Minister of Interior thanks the Emir of Al-Jawf for the region’s emirate’s distinction in spreading the culture of efficient spending
A delegation from “Salman Relief” participates in the global meeting of providers of development cooperation in Paris
The Minister of Economy and Planning meets the French Minister of Economy, Finance, Industrial and Digital Sovereignty
Al-Ibrahim is discussing with the Secretary-General of the International Bureau of Exhibitions the file of the Kingdom’s hosting of the Riyadh Expo 2030
The Saudi search and rescue team continues its field efforts in (11) locations in Antakya
Deputy Foreign Minister receives the Ambassador of the Republic of Turkey to the Kingdom
The Arab League condemns the Israeli Knesset’s approval of the citizenship withdrawal law
Syria: A new 5.4-magnitude earthquake strikes northwest Idlib
Successful separation of Yemeni Siamese twins “Salman and Abdullah”
America intercepts Russian planes near Alaska
Al-Eqtisadiah newspaper explained in its editorial entitled (weak growth to avoid recession): The crisis of high inflation rates continues at the global level and is witnessing continuous and deep discussion and debate to develop appropriate solutions to it, especially in countries that adopt a market economy. The movement against rising consumer prices will continue until the immediate pressures of inflation in general are relieved. Although Western economies are facing hardships like others, the US economy is the best at this critical stage, but this advantage is not as great as it seems at first glance.
And she considered that the US economy has been able, so far, at least, to remain outside the circle of recession, and it is expected that, according to the International Monetary Fund, it will not enter it, and it will be able to cross some obstacles and difficulties during the current year. Inflation rates on the American scene recorded a slight decline last month, but it is not considered an incentive to move forward towards more measures restricting the path of rising prices.
She added: There is no doubt that the tightening financial policies of the Federal Reserve “the central bank” negatively affect growth and economic performance in general. This is the case for other economies whose central banks did not find a way to curb inflation other than raising interest rates periodically, to reach 4.5 percent in the United States, which is the highest rate in more than 15 years. However, inflation is still high at 6.4 percent, and the difference is far from the official rate announced by US lawmakers, which is at 2 percent. This percentage will not be achieved until after the middle of the current decade, and some parties believe that Washington will not achieve the inflation target before a later period. Hence, it is possible to understand the insistence of lawmakers to adhere to their fiscal policies in the coming period, regardless of their effects on the growth path, which is estimated this year at 1.4 percent, according to the IMF.
And it indicated that among the reasons supporting the slight decline in inflation is a clear decline in the disturbances that hit supply chains for more than two years. Prices also fell as the pace of supply of goods in the United States accelerated. The current battle is not limited to curbing inflation, but also includes maintaining levels of growth that can be built upon in the next stage and keeping the economy out of recession. Even the 1.4 percent of expected growth is nothing for an economy that faces “like other Western economies” problems that cannot be solved in a short time. It is true that employment is improving in the American arena, but it is also true that the local economy is still in the stage of interaction with the current crisis. Hence, it is possible to understand what US President John Biden said, that “we may witness setbacks on our way towards more stable and stable growth.”
She indicated that the task, as described by Biden, must be completed, regardless of any considerations, and it seems that the US economy will maintain its advantage compared to the European economy and with it the UK economy, with the inflation level in the latter exceeding 10 percent. However, one must look at the full spectrum of the state of the US economy, which remains vulnerable to a setback at some point in the next two years at least.
And she concluded: The targeted growth cannot be achieved in light of the high interest rate that the United States is not used to much, while indications indicate that the “Federal Union” is continuing monetary tightening in the next stage. In conclusion, ensuring growth, regardless of its level, is much better than staying on the brink of recession, which threatens most Western economies, at least for the time being.
Al-Riyadh newspaper said in its editorial entitled (Achievements Continuing): The Kingdom’s achievements continue without interruption, achieving under the umbrella of Vision 2030 everything it seeks and dreams of, armed with the wisdom of the wise leadership, which sought to bring about radical change in the joints of the state, and with the determination of the citizen, Who wanted to translate the aspirations of the vision into a tangible reality that the world would witness.
Ola stressed that the Saudi achievements were not limited to one field and not others, but were comprehensive in all aspects of life, through plans and programs, which were brought by the ambitious vision, and they are only short periods, and the fruits began to be reaped in all sectors, and the testimony of Saudi Arabia’s achievements came from international organizations , which saw that the Kingdom had achieved, with exceptional expertise, all that it planned and more, through its insightful vision that proved its feasibility on the ground.
And she indicated that the latest achievements of the vision, what happened yesterday, when the Kingdom achieved first place in the index of maturity of electronic and mobile government services for the year 2022 issued by the United Nations Economic and Social Commission for Western Asia (ESCWA) of the United Nations.
She added: The indicator of the maturity of electronic and mobile government services is consistent with what Saudi Arabia is witnessing