Saudi Arabia

09 Dec 2022; MEMO: The Organisation of Islamic Cooperation (OIC) on Thursday condemned the killing of three Palestinians by Israeli forces in the Occupied West Bank city of Jenin, Anadolu News Agency reports.

In a written statement, the OIC asserted that the crimes and ongoing attacks committed against the Palestinian people should be investigated and that Israel should be held accountable.

08 Dec 2022; MEMO: Saudi Arabia is looking to boost investments in Egypt, while eyeing opportunities to deepen relations with Turkiye and Pakistan, according to a report by Bloomberg.

The Kingdom has recently taken several steps to offer financial support to countries in the region struggling with high inflation, as Riyadh looks to strengthen allies and forge new relations.

RIYADH, Dec 8 (NNN-SPA) – The Saudi cabinet approved yesterday, the state budget, with a surplus of 16 billion Saudi riyals (4.26 billion U.S. dollars).

The budget was approved during a cabinet session, led by Saudi Arabian King, Salman bin Abdulaziz Al Saud.

The budget includes revenues of 1.13 trillion riyals and spending of 1.114 trillion riyals.

RIYADH, Dec 8 (Reuters) - Saudi Arabia and China showcased deepening ties with a series of strategic deals on Thursday during a visit by President Xi Jinping, including one with tech giant Huawei, whose growing foray into the Gulf region has raised U.S. security concerns.

King Salman signed a "comprehensive strategic partnership agreement" with Xi, who received a lavish welcome in a country forging new global partnerships beyond the West.

07 Dec 2022; MEMO: President Xi Jinping arrived in Saudi Arabia on Wednesday, Chinese state media said, on a visit Beijing hailed as its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond long-standing ties with the West, Reuters reports.

The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi ties with Washington are strained by US criticism of Riyadh's human rights record and Saudi support for oil output curbs before the November mid-term elections.

07 Dec 2022; MEMO: Saudi Arabia, the world's top oil exporter, cut the January official selling price (OSP) for its flagship Arab Light crude for Asian buyers on concerns over faltering demand and a potential increase in Russian competition, Reuters reports.

According to the report, the price for January-loading Arab Light to Asia was trimmed by $2.20 a barrel from December, to $3.25.

RIYADH, Dec 7 (Reuters) - Chinese President Xi Jinping arrived in Saudi Arabia on Wednesday on a visit Beijing hailed as its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a longstanding partnership with the West.

The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi ties with Washington are strained by U.S. criticism of Riyadh's human rights record and Saudi support for oil output curbs before the November midterm elections.

06 Dec 2022; MEMO: Trade and investment ties between China and Gulf Arab States are expected to feature prominently in President Xi Jinping's visit to Saudi Arabia this week, as the region increasingly looks East to drive economic transformation at home for a post-oil era, Reuters reports.

RIYADH, Dec 4 (Reuters) - Crown Prince Mohammed bin Salman hosts China's leader this week at a delicate moment in U.S.-Saudi ties, signalling Riyadh's resolve to navigate a polarised global order regardless of the wishes of its Western allies, analysts said.

The ruler of the oil giant has made a comeback on the world stage following the 2018 murder of Jamal Khashoggi, which cast a pall over Saudi-U.S. ties, and has been defiant in the face of U.S. ire over the kingdom's energy policy and pressure from Washington to help isolate Russia.

RIYADH, Dec. 1 (Xinhua) -- Saudi Arabia has signed a memorandum of understanding (MoU) to acquire and build multi-mission combat ships for the kingdom's navy, the Saudi Press Agency (SPA) reported Thursday.

The MoU was signed between the Saudi defense ministry, the Saudi General Authority for Military Industries and Spain's state-owned shipbuilding company Navantia, according to the SPA report.