Closing bell: Saudi main index continues its upward trend to close at 11,713

Closing bell: Saudi main index continues its upward trend to close at 11,713
Closing bell: Saudi main index continues its upward trend to close at 11,713

Thank you for reading the news about Closing bell: Saudi main index continues its upward trend to close at 11,713 and now with the details

Jeddah - Yasmine El Tohamy - Saudi Arabia and UN discuss strengthening collaborations to achieve global SDGs 

 RIYADH: Saudi Arabia discussed ways to enhance cooperation with the UN when it comes to dealing with global environmental challenges during a high-level meeting between officials. 

The Kingdom’s Minister of Economy and Planning Faisal Al-Ibrahim emphasized Saudi Arabia’s commitment to achieving the Sustainable Development Goals within the Vision 2030 framework during talks with the organization’s Under-Secretary-General for Economic and Social Affairs Liu Zhenmin.

The UN SDGs are a set of 17 interconnected international goals adopted by all member states in 2015. These targets are designed to address various social, economic, and environmental challenges and promote sustainable development worldwide.  

During the 78th UN General Assembly in New York in September, the minister noted that Saudi Arabia’s Vision 2030 aligns closely with the SDGs. 

Drawing attention to the recently inaugurated Global Water Organization, Al-Ibrahim hailed it as a significant initiative fostering international innovation and issuing a collective call to nations worldwide to collaborate.  

He highlighted Saudi Arabia’s substantial commitment, stating: “We have contributed over $87 billion in international aid to combat poverty and ignite development.”  

A report by the UN Conference on Trade and Development outlined that achieving the global sustainable development goals will require annual investments ranging from $5.4 trillion to $6.4 trillion until 2030. 

The research, examining 50 indicators related to the SDGs across 90 countries, covering three-fourths of the global population, underscored significant financial challenges, particularly in emerging economies.  

The report proposed a sustainable development plan, offering guidance on implementing social protection and generating quality employment opportunities, and reforming education and food systems.  

Additionally, the plan addresses climate change, combats biodiversity decline and pollution, promotes a transition to clean energy, and fosters inclusive digitalization. 

At a UN summit in July that reviewed global environmental pledges, the minister stated that Saudi Arabia has made significant progress in over 50 percent of its SDGs.  

During the High-Level Political Forum in New York, Al-Ibrahim presented the Kingdom’s second Voluntary National Review, showcasing the achievements in SDGs. 

According to a then-released press statement by the Ministry of Economy and Planning, the minister told the UN that through its SDG initiatives, the Kingdom is elevating the living standards of the country’s population and is “unleashing a spectacular wave of innovation.”  

These were the details of the news Closing bell: Saudi main index continues its upward trend to close at 11,713 for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT ACWA Power signs deal for major green hydrogen project in Tunisia

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]