{"id":85495,"date":"2024-04-24T00:00:00","date_gmt":"2024-04-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/04\/24\/cabinet-gets-down-to-business-in-first-post-eid-meeting\/"},"modified":"2024-04-24T00:00:00","modified_gmt":"2024-04-24T00:00:00","slug":"cabinet-gets-down-to-business-in-first-post-eid-meeting","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/04\/24\/cabinet-gets-down-to-business-in-first-post-eid-meeting\/","title":{"rendered":"Cabinet gets down to business in first post-Eid meeting"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Cabinet approved yesterday licensing Swiss banking giant UBS to open <\/strong><strong>a branch in <\/strong><strong>Saudi <\/strong>to operate in the local market, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a8747f6c-f79c-49f6-a659-933e531266ed\/adbc-is-coming-to-town\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported yesterday. No further details were provided on the range of services UBS might offer. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Extra compensation for Hail\u2019s Tabah village residents:<\/strong> The ministers also approved an additional compensation of SAR 200k to residents of Hail\u2019s Tabah village who left their homes and farms due to floor cracks in the area. Residents can opt to take residential land from the government in lieu of cash compensation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also approved at yesterday\u2019s Cabinet meeting:<\/strong><\/p>\n<ul>\n<li>Mandating the <strong>Transport Minister<\/strong> to discuss and sign a MoU with <strong>Egypt<\/strong> on seaborne <strong>transport of passengers<\/strong> in the Gulf of Aqaba;<\/li>\n<li>Mandating the <strong>Economy and Planning Minister<\/strong> to discuss and sign a MoU with <strong>Australia<\/strong> for cooperation on<strong> statistics<\/strong>;<\/li>\n<li>A MoU between the government and <strong>Hong Kong<\/strong> to <strong>promote FDI<\/strong>;<\/li>\n<li>A MoU between the <strong>Finance Ministry<\/strong> and <strong>Turkey<\/strong> for cooperation in <strong>fields of finance<\/strong>;<\/li>\n<li>A MoU between the government and <strong>Chad <\/strong>for technical cooperation in <strong>mining<\/strong>;<\/li>\n<li>A MoU between the <strong>Tourism Ministry<\/strong> and <strong>Portugal<\/strong> for tourism cooperation;<\/li>\n<li>A Mou between <strong>Saudi Central Bank Sama <\/strong>and<strong> Singapore<\/strong> for cooperation in <strong>fintech and innovation<\/strong>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The ministers also approved a MoU with Hong Kong to promote FDIs.<\/p>\n","protected":false},"author":1,"featured_media":85496,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2598],"tags":[136,10,1869],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-cabinet-watch","tag-enterpriseam-ksa","tag-ubs","wpautop","entry"],"acf":{"mongo_id":"55f5936f-c3a7-4ad2-89fa-776d7c05655a","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/290.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Switzerland\u2019s banking giant UBS is coming to town","related_issue":[85483],"teaser":"The ministers also approved a MoU with Hong Kong to promote FDIs.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.7618d368-1c1a-4e03-a389-b76b8cd8a2d5.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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