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The Council of Ministers signed off on several agreements and decisions at its weekly meeting yesterday, including granting its preliminary approval for the general national framework and guidelines for foreign direct investment (FDI), state news agency SPA reports. No further details were provided on the guidelines.
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Other approvals include:
- An agreement with Qatar to prevent double taxation and counter tax evasion;
- A framework agreement with the US for cooperation on air navigation and the exploration and use of space for peaceful purposes;
- An MoU on political consultations with Estonia;
- An MoU on meteorology between the World Meteorological Organization and Saudi’s National Center of Meteorology;
- Approval of the the previous fiscal year’s final accounts for the Nuclear and Radiological Regulatory Authority and the Support and Liquidation Center;
- Saudi’s accession to the Cement and Concrete Breakthrough Initiative, launched at COP28;
- Several promotions to the fifteenth rank for key advisory and technical positions in a number of ministries and government bodies.
