term indicators for the private sector, there should be climate policies that do not harm the market and do not generate an environment that is inconducive to business and investment in the vital sector, as well as the Kingdom's participation in the 4th Annual Energy Forum, which was held in Istanbul, reiterating Saudi commitment to its role as a stable and reliable supplier, and that what it desires is the stability of oil prices in a way that re-assures the governments and people and assist in planning and economic growth. The Cabinet, then, was briefed on the findings and recommendations of a number of cultural and economic conferences and seminars in the Kingdom during the past week, including the Coordination Forum of Universities and Institutions concerned with the Arabic language in the countries of the Arab Gulf Cooperation Council (GCC), which was held under the patronage of the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz Al Saud; the final ceremony of the Prince Naif bin Abdulaziz Al Saud Competition for Memorization of Prophetic Hadith in its eighth session, which was held in Madinah; and the 8th conference of Euromoney which has succeeded in becoming one of the most important local and regional conferences on developments of the Saudi economy and opportunities, lauding in this context the kingdom's financial, economic and monetary stability due to policies that have contributed to good economic performance over the past years and has enabled the national economy over the past year to achieve a real growth rate of approximately 7% supported by the effective performance of the private sector. --More 15:06 LOCAL TIME 12:06 GMT تغريد
