Saudi Arabia Welcomes Announcement of Cease Fire in Libya

Saudi Arabia through its presidency of G20 is exerting unremitting and unprecedented efforts in achieving stability for the global economy and balance in energy markets, Al-Bilad newspaper reported in its editorial.

The paper further said that in light of its ambitious vision 2030, Saudi Arabia was keen to diversify the its economy and maintain the sustainability of public finances.

The paper added that Saud Arabia was ranked among the best emerging economies in the world, as it has the second largest sovereign investment fund globally and regionally, as well as one of the largest cash reserves in the world.

Saudi Arabia has taken several measures in the field of monetary policy, financial sector, and trade that have effectively contributed to limiting the impacts of the global financial crisis, enhancing the sustainability of the Saudi economy and reducing the effects of COVID-19 pandemic, the paper concluded.

In another context, Al-Yaum newspaper reported in its editorial that the Cabinet has reiterated, during its regular and virtual session chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the Kingdom of Saudi Arabia ‘s welcome to the announcement of both the Presidential Council and the Council of Representatives in Libya to cease fire.

The paper added that Saudi Arabia has affirmed the need to start a political and internal dialogue that aims at achieving the Libyan national interest and establishing a permanent solution that guarantees security and stability for the brotherly Libyan people, and prevents external interference that endangers Arab regional security.

The paper concluded that Saudi Arabia always seeks to achieving security in the region and the world, affirming its categorical rejection of conflicts, terrorism and destabilization.