Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: TRADE
Turkey calls on US to lift barriers to boost trade
:: Turkey asked the United States to lift trade barriers between the two countries during talks on Saturday aimed at sharply increasing bilateral commerce, Turkey’s trade minister said. Washington and Ankara have set an ambitious goal of quadrupling their trade
Egyptian banks have provided $55.1 bln to fund trade since currency float
:: Egyptian banks have provided about $55.1 billion to fund trade since the country floated its currency in November last year, a central bank official told Reuters on Tuesday. The banks were able to extend up to $40 billion in
Cooler temperatures in Sudan spark spending frenzy
:: Trade in the Sudanese capital Khartoum has increased significantly, as falling temperatures in the last week created a frenzy in the market. Shops, parks and entertainment venues were bursting with people due to the steep decline in temperature in
Saudi Arabia to launch joint trade council with Iraq
:: Saudi Arabia and Iraq are to launch a joint trade commission, the Saudi cabinet announced Monday. “The cabinet has decided to approve the establishment of the Saudi-Iraqi Coordinating Commission and to delegate the Saudi minister of trade and investments
G-20 shut Trump out on climate, strike deal on trade
:: World powers lined up against US President Donald Trump on climate change, reaffirming their support for international efforts to fight global warming. The Group of 20 summit that ended Saturday in Hamburg also showed the tensions on trade, as
After Saudi Arabia, Germany’s Merkel arrives in the UAE
German Chancellor Angela Merkel has landed in the United Arab Emirates, her second stop on a two-nation Gulf tour taking in the Arab world’s largest economies. The German leader was greeted by Sheikh Mohammed bin Zayed, Crown Prince of Abu
US, global financial leaders skirt trade frictions, tout collaboration
Global economic leaders on Friday continued downplaying possible friction with the Trump administration over currencies, trade and other potentially contentious issues, even while acknowledging that much about the US president’s plans remains unclear. On a day when Donald Trump himself
India tries to fix Iran trade payments as Trump hardens line
India is exploring setting up a new payments mechanism for trade with Iran, after its old sanctions workaround broke down, as state banks remain fearful of handling payments from Tehran in case the US imposes a fresh financial embargo. President
Saudi Arabia signs 21 MoUs with China, grants trading licenses for two companies
At least 21 Memorandums of Understandings were signed in the latest Saudi-China Business Forum meeting that was attended by Saudi King Salman. The key focus on the latest meeting on Thursday was to find further opportunities for Chinese investments in
King Salman’s Monday talks in Japan to focus on economic ties
King Salman and hundreds of business leaders from Saudi Arabia are in Japan for talks Monday mainly expected to focus on economic ties. The visit is the first by a Saudi king in 46 years, though King Salman visited more
Brexit and the unthinkable – ‘Frexit’ next?
By : Dr. Mohamed A. Ramady The UK’s Brexit vote and Trump’s election triumph took many pundits by surprise. As Europe faces several national elections, more surprises can no longer be discounted, especially on a possible French exit or Frexit,
Significance of King Salman’s historic visit to Asia
By : Dr. Theodore Karasik Saudi King Salman Abdulaziz’s tour of Indonesia, Malaysia, Brunei, Japan, China and the Maldives, followed by a stop in Jordan before returning to the Kingdom, is full of thematically importance. While these Asian states as
King Salman’s month-long Asia visit to boost trade, religious ties
Saudi King Salman bin Abdulaziz al-Saud’s month-long visit through Asia, alongside his 1,500-person entourage, is being described as a bid to strengthen ties with a region the kingdom sees as an increasingly valuable economic partner. According to a newspaper report,
Trump trade strategy ‘doomed to failure’: US trade expert
President Donald Trump’s rejection of multilateral trade agreements in the Asia-Pacific in favor of one-on-one deals is “doomed to failure,” a noted US trade expert said Thursday. The Trump complaint that the US gave up too much in the Trans-Pacific
India is yours if you have lost most of your possessions
By : Turki Al-dakhil “India is yours if you have lost most of your possessions.” This is a proverb our grandparents and parents often said in the Arabian Peninsula. They traveled East and West, from Egypt to India. The Gulf
GCC and China decide to speed up free trade talks
China and the Gulf Cooperation Council (GCC) said Wednesday they would accelerate talks on a free trade deal which has been under negotiation for more than a decade. The announcement, in a joint statement, came during a visit to Saudi
Expats in Saudi Arabia banned from street trading
The Ministry of Municipal and Rural Affairs has banned non-Saudis from participating in street markets. A source from the ministry said Saudis have the right and priority to work and make a living in their country. He said: “Street vendors
U.S. defense chief: Iraqi forces lacked will to fight ISIS
U.S. Defense Secretary Ash Carter on Sunday said Iraqi forces showed no will to fight against Islamic State of Iraq and Syria (ISIS) militants during the fall of Ramadi a week ago, and U.S. forces were trying to encourage them
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