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Saudi, UK ministers discuss clean hydrogen, renewable energy cooperation

Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman held a meeting with British Secretary of State for Business, Energy and Industrial Strategy Grant Shapps in Riyadh on Thursday. The two parties discussed prospects for bilateral cooperation in various energy fields, and future opportunities in the sector through a memorandum of cooperation that was signed […]

Saudi Fund for Development to finance oil derivatives of $1 billion for Pakistan

  The Saudi Fund for Development on Thursday announced it had signed a deal with Pakistan’s economic affairs ministry to finance oil derivatives amounting to $1 billion for the South Asian country. Pakistan has been facing a tough economic situation amid dwindling forex reserves and rapidly depreciating national currency. The country’s credit ratings were downgraded […]

Angola open to mining and infrastructure cooperation with Saudi Arabia: Ambassador

Angola is ready to work with Saudi Arabia in the field of mining as the African country looks to excavate minerals including copper, nickel and lithium, according to its ambassador. Speaking to Arab News on the sidelines of the Future Minerals Forum in Riyadh, Frederico Manuel dos Santos e Silva Cardoso talked up the relationship […]