Saudi provides $240M for Pakistan’s hydropower dam

[ad_1] Riyadh: Saudi Arabia signed a USD 240 million loan agreement with Pakistan on Friday to support the Mohmand Multipurpose Dam Project, according to a statement issued by the Ministry of Economic Affairs of Pakistan, Dawn reported. The agreement was signed by Sultan Abdulrahman Al-Marshad, CEO, Saudi Fund for DevelopmentContinue Reading

Saudi, Iran foreign ministers meeting in Beijing

[ad_1] Jeddah: Saudi Arabia’s Minister of Foreign Affairs Prince Faisal bin Farhan and his Iranian counterpart Hossein Amirabdollahian met in Beijing to discuss the next steps of their diplomatic rapprochement, the Saudi Press Agency (SPA) reported on Thursday. This was the first formal meeting of the countries’ most senior diplomatsContinue Reading

Iranian President to visit Saudi Arabia

[ad_1] Tehran: Less than a month since Tehran and Riyadh agreed to restore diplomatic relations, Iranian President Ebrahim Raisi has accepted an invitation from Saudi Arabia’s King Salman bin Abdulaziz Al Saud to visit the kingdom, a top official confirmed here. Iran’s first vice president Mohammad Mokhber made the remarksContinue Reading

Saudi Arabia announces voluntary oil production cut

[ad_1] Representative Image (Photo: Twitter) Riyadh: Saudi Arabia’s Energy Ministry has announced a voluntary oil cut of 500,000 barrels per day from May till the end of 2023. The production cut is in coordination with some other countries of the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC ParticipatingContinue Reading

Saudi Arabia to become SCO dialogue partner

[ad_1] Riyadh: The cabinet of Saudi Arabia’s government has approved a memorandum granting the country the status of a dialogue partner in the Shanghai Cooperation Organization, according to Saudi Gazette, citing Saudi Press Agency. The Cabinet, chaired by Custodian of the Two Holy Mosques King Salman at Al-Salam Palace onContinue Reading