Cabinet approves National Center for Government Resource Systems regulation

A Cabinet session

The Saudi Cabinet, in a meeting chaired by King Salman bin Abdulaziz Al Saud today, Nov. 28, approved the regulation for the National Center for Government Resource Systems, the Saudi Press Agency reported. 

The Cabinet also approved a number of decisions, including: 

- A memorandum of understanding (MoU) regarding the principles of the India-Middle East-Europe Economic Corridor. 

- Restructuring the Social Development Bank board. 

- Authorizing the Capital Market Authority (CMA) Chairman - or his deputy - to discuss and sign with the Bahrain side a draft MoU between CMA and the Central Bank of Bahrain. 

- Approving - in principle - the unified general rules for real estate owners in the GCC countries, which will replace the unified system for real estate owners regarding the management of common areas and maintenance of buildings - the indicative period for which concludes by year-end. 

- Authorizing the Minister of Industry and Mineral Resources - or his deputy - to discuss a draft MoU with the UK Ministry of Business and Trade for cooperation in the field of mineral wealth.