Food price rise checks success

The Cabinet has reviewed the positive impact of measures taken to monitor market prices and the availability of basic commodities.

The steps were taken in response to market shifts blamed on global developments affecting energy supplies and the availability and prices of goods.

In this regard, the Cabinet thanked the Industry, Commerce and Tourism Ministry and the kingdom’s business community for their efforts to ensure the availability of goods at affordable prices.

His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, yesterday chaired the weekly session at Gudaibiya Palace.

The Cabinet reviewed a memorandum by the Ministerial Committee for Financial and Economic Affairs and Fiscal Balance regarding progress on implementing the kingdom’s Economic Recovery Plan.

The memorandum confirmed that by the end of the first quarter of 2022, 16 of the 27 initiatives under the Plan’s five priorities have been implemented.

These initiatives have contributed to the improvement recorded by economic indicators during the first quarter of this year, with growth in a number of sectors, most notably in tourism, trade, financial services and real estate.

The Cabinet welcomed the declaration by Yemeni President Abd-Rabbo Mansour Hadi, on the establishment of a presidential council to whom he has transferred presidential authority, thus completing the implementation of the transitional phase, in accordance with the constitution, the GCC Initiative and its executive mechanisms.

The session pledged Bahrain’s support for the presidential council in managing the country’s affairs and in meeting the aspirations of the Yemeni people for security and development.

Source: https://www.gdnonline.com/Details/1049297/Food-price-rise-checks-success