Saudi Gazette report

RIYADH — The Saudi Cabinet session, chaired by Crown Prince and Prime Minister Mohammed bin Salman in Riyadh on Tuesday, approved the Law of Commercial Registration and the Law of Trade Names. The Council of Ministers also approved the Tax Law of Real Estate Transactions besides endorsing the naming of the Year 2025 as the Year of Handicrafts.

In a statement to the Saudi Press Agency following the session, Minister of Media Salman Al-Dossary said that the Cabinet appreciated the fruitful outcomes of the fourth session of the Saudi-Chinese High-Level Committee, held recently in Riyadh with the presence of Chinese premier, saying that this embodied the comprehensive strategic partnership between the two friendly countries, and the keenness of both countries in strengthening bilateral cooperation in all fields such as political, security, military, energy, trade, investment, financial, scientific, technical, cultural and tourism.

The Council hailed the talks held by the Egyptian prime minister with the Crown Prince and other high ranking Saudi officials. The session highlighted the strength of the distinguished fraternal relations between the two countries, and the common desire to deepen cooperation between Saudi Arabia and Egypt in various fields in a way serving the interests of the people of the two countries.

The Cabinet authorized the Minister of Foreign Affairs to negotiate and sign with the Egyptian side the draft minutes for the formation of the Saudi-Egyptian Supreme Coordination Council.

(Developing)