‘I see India-Saudi relationship scaling newer heights in the coming years,’ India’s ambassador-designate to Saudi Arabia Vipul tells Arab News
As he prepares to assume charge of India’s diplomatic mission in Saudi Arabia, ambassador-designate Vipul sees the strategic relationship between the two countries scaling newer heights in the coming years, driven by converging interests, a strong institutional framework and opportunities created by the Kingdom’s Vision 2030 reform program. Having received his credentials from Indian President […]
How Makkah Defense Agreement could redraw regional security architecture
When Saudi Arabia, Pakistan and Turkiye signed the Makkah Joint Defense Agreement on Aug. 7, they went significantly further than pledging closer military cooperation. The agreement contains a collective-defense commitment: An external armed attack against any one of the three states will be regarded as an attack against them all. That provision immediately elevated […]
Saudi FM discusses regional developments with Kuwait counterpart
Saudi Foreign Minister Prince Faisal bin Farhan received a phone call from his Kuwaiti counterpart, the Saudi Press Agency reported on Sunday. During the call with Sheikh Jarrah Jaber Al-Ahmad Al-Sabah, Prince Faisal discussed the latest regional developments and efforts aimed at de-escalation and enhancing regional security and stability. SPA Arab.News
Saudi FM receives call from Iran’s Araghchi
Saudi Arabia’s Foreign Affairs Minister Prince Faisal bin Farhan received a call on Sunday from his Iran counterpart Abbas Araghchi to discuss the latest developments in the Middle East. Prince Faisal affirmed the Kingdom’s commitment to its role in maintaining security and stability. The foreign ministers discussed diplomatic efforts to deescalate tensions in the region. The Saudi […]
Saudi bank credit rises 7.3% as deposits grow to $835bn
Saudi Arabia’s banking sector continued to expand in June, with total bank credit rising 7.3 percent year on year to SR3.42 trillion ($912 billion) and overall bank deposits increasing 8.9 percent to SR3.13 trillion, official data showed. According to the latest data from the Saudi Central Bank, broad money supply climbed 8.4 percent year on year to SR3.38 trillion, pointing to continued […]
Saudi Arabia opens August ‘Sah’ sukuk with 4.7% annual return
Saudi Arabia has opened subscriptions for its August “Sah” savings sukuk, offering a fixed annual return of 4.70 percent, up from 4.60 percent in the previous month’s issuance. The subscription window opened at 10 a.m. Saudi time on Aug. 2 and will close at 3 p.m. on Aug. 4, according to the National Debt Management Center. The Shariah-compliant sukuk is denominated in Saudi riyals, carries a one-year maturity, […]
Saudi crown prince, Trump hold call on Mideast tensions
Saudi Arabia’s Crown Prince Mohammed Bin Salman and US President Donald Trump held a call aimed at reducing regional tensions, the kingdom’s official SPA press agency reported Sunday. “His Royal Highness emphasised the necessity of prioritising dialogue to reduce tensions and the importance of exerting all possible efforts to achieve a truce that paves […]
Saudi ambassador presents credentials to vice president of El Salvador
Saudi Ambassador to Mexico Fahd bin Ali Al-Munawer presented his credentials to the vice president of El Salvador, Felix Ulloa, as Saudi ambassador extraordinary and plenipotentiary, non-resident, of the Kingdom to El Salvador, at the Presidential Palace in El Salvador recently. The ambassador conveyed the greetings of King Salman and Crown Prince Mohammed bin Salman […]
Saudi Arabia offers condolences to Algeria after deadly bus crash
Saudi Arabia on Friday expressed its condolences to Algeria following a passenger bus accident in Boumerdes Province that left several people dead and injured. The bus crashed into a ravine on Friday, killing at least 27 people and wounding dozens more, the country’s health minister said. In a statement, the Kingdom’s Ministry of Foreign […]
Saudi crown prince congratulates Andy Burnham on becoming UK prime minister
Saudi Crown Prince Mohammed bin Salman congratulated Andy Burnham on becoming prime minister of the UK. Burnham, the former mayor of Manchester, moved into 10 Downing Street on Monday after Keir Starmer resigned from the position last month. In a message sent on Tuesday, the crown prince wished Burnham success as Saudi Arabia and the UK seek to […]