Saudi Arabia's Cabinet Endorses New Oversight and Anti-Corruption Authority Law

The Saudi Cabinet, chaired by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, approved the Oversight and Anti-Corruption Authority Law on Tuesday.

During the meeting, updates were given on recent diplomatic engagements, including productive discussions between Crown Prince and Prime Minister Mohammed bin Salman and leaders from France, Russia, and Iraq.

These discussions were aimed at strengthening bilateral relations and boosting cooperation across various sectors.

Minister of Media Salman Al-Dossary noted that the Cabinet also reviewed the latest developments in regional and international affairs, highlighting Saudi Arabia's proactive role in mediating and supporting peace initiatives in Gaza and Yemen.

The Kingdom’s efforts underscore the critical need for international cooperation to maintain regional stability.

Additionally, the Cabinet welcomed the recent advisory opinion from the International Court of Justice, which declared the Israeli occupation of Palestinian territories as illegal.

The Cabinet reiterated Saudi Arabia’s call for actionable steps towards a just and comprehensive resolution of the Palestinian issue, in line with the Arab Peace Initiative and relevant international resolutions.

Domestically, the Cabinet reviewed economic indicators, observing the stabilization of inflation rates at levels that are favourable compared to global trends, reflecting the effectiveness of the Kingdom’s economic policies in mitigating global price fluctuations.

Other significant decisions made during the meeting included authorisations for ministers to negotiate and sign various memorandums of understanding with international partners in fields such as culture, consumer protection, mineral resources, and human rights.

The Cabinet also approved bilateral employment agreements with Gambia and Tanzania, as well as tax agreements with Kuwait and Gambia to avoid double taxation and prevent tax evasion.

These agreements underscore Saudi Arabia’s commitment to fostering robust international labour and economic relations.

The Cabinet reaffirmed Saudi Arabia's dedication to environmental conservation efforts, including the 2030 Seagrass Breakthrough and a memorandum of understanding with Bahrain for sustainable waste management.

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