ACWA Power secures landmark $80m bridge loan from Bank of China for Uzbekistan projects
Saudi energy giant ACWA Power has secured an $80 million equity bridge loan from the Bank of China for its Uzbekistan initiatives. According to an official press release, the payment is split equally between Chinese yuan and US dollars, marking the first loan cooperation deal by a bank from the Asian country using its native currency involving a company […]
World Bank raises Saudi Arabia’s 2025 GDP growth forecast to 5.9%
The World Bank has raised its expectations for Saudi Arabia’s economic growth to 5.9 percent in 2025 from 4.2 percent predicted earlier in January. In its latest report the bank, however, revised its 2024 forecast for the Kingdom’s gross domestic product growth downward to 2.5 percent from an earlier forecast of 4.1 percent. Concurrently, the […]
Saudi Shoura speaker visits Jordan to strengthen ties
Saudi Arabia’s Shoura Council Speaker Dr. Abdullah bin Mohammed Al-Asheikh arrived in Jordan on Monday for an official visit. Al-Asheikh leads a delegation from the council who were officially invited by Ahmed Safadi, the speaker of Jordan’s House of Representatives. Upon his arrival at Queen Alia International Airport in the capital Amman, he was received […]
Saudi deputy foreign minister and US envoy discuss war in Sudan
The Saudi deputy minister of foreign affairs, Waleed Elkhereiji, and the US special envoy for Sudan, Tom Perriello, held talks on Monday in Paris on the sidelines of an international humanitarian conference for Sudan and its neighboring countries. They discussed the latest developments in the war-torn country, ways in which cooperation between their countries might […]
Pakistani premier says Saudi FM’s visit heralds ‘new era’ of strategic, commercial partnership Previous
Pakistani Prime Minister Shehbaz Sharif said on Tuesday the ongoing visit of Saudi Foreign Minister Prince Faisal bin Farhan to Islamabad would herald a new era of strategic and commercial partnerships between the two long-time allies. The Saudi foreign minister arrived in Islamabad on Monday on a two-day visit aimed at enhancing bilateral economic cooperation […]
Saudi king, crown prince send condolences to Sultan of Oman after flood deaths
King Salman and Crown Prince Mohammed bin Salman on Monday sent cables of condolences to Sultan Haitham bin Tariq after 17 people died in flooding in several parts of Oman. The Saudi leaders sent their sincerest condolences to the sultan, and the families of the deceased, the Saudi Press Agency reported. A group of school […]