ISTANBUL (AA) – Saudi Arabia and China have agreed to enhance their cooperation in different fields and support each other to preserve the integrity of their territories. Chinese President Xi Jinping arrived in Saudi Arabia on Wednesday evening on a three-day official visit. A joint statement was issued by Saudi Arabia and China followin...
ISTANBUL (AA) – Chinese President Xi Jinping has said China will work with the Gulf Cooperation Council (GCC) “to foster a new pattern of multi-faceted energy cooperation.” Xi, who is in Saudi Arabia on a state visit, made the statement for local media publications. “The visit will carry forward our traditional friendsh...
ANKARA (AA) – Saudi King Salman bin Abdulaziz and Chinese President Xi Jinping signed Thursday a comprehensive strategic partnership agreement between the two countries. The Saudi Press Agency reported that King Salman received the Chinese president at Al-Yamamah Palace in Riyadh. The meeting witnessed “a review of the historical f...
ISTANBUL (AA) – A US official said Wednesday that the oil price cap imposed on Russia does not involve ships navigating through Turkish waters. The Treasury Department said Deputy Secretary Wally Adeyemo spoke with Turkish Deputy Foreign Minister Sedat Onal and discussed Russia’s war against Ukraine and the implementation of the pr...
Riyadh, Saudi Arabia (AFP): Saudi Arabia has recorded its first annual budget surplus in nearly a decade, beating its own projections in a year of elevated oil prices. The surplus for 2022 amounted to 102 billion Saudi riyals ($27 billion), representing 2.6 percent of GDP, according to preliminary estimates, the finance ministry said. That com...
KARACHI, Pakistan (AA) – Russia has agreed to provide oil to Pakistan at discounted rates to meet Islamabad’s rising domestic and industrial energy demands, a Pakistani minister claimed on Monday. Addressing a presser in the capital Islamabad, State Minister for Petroleum Musadik Malik said Pakistan would purchase crude oil, petrol...
ABU DHABI, United Arab Emirates (AA) – Abu Dhabi National Oil Company (Adnoc) and Malaysia’s state-owned oil and gas giant Petronas have signed a historic deal for the exploration and assessment of Abu Dhabi’s first-ever onshore unconventional oil block. UAE President Mohamed bin Zayed Al-Nahyan and Malaysian King Sultan Abdullah Ri’ayat...
ISTANBUL (AA) – Saudi Arabia on Friday extended a $3 billion deposit term it made to Pakistan, the State Bank of Pakistan said in a statement. “The Saudi Fund for Development (SFD) extended the term for the deposit provided by the Kingdom of Saudi Arabia in the amount of 3 billion dollars to the State […]
DHAKA, Bangladesh (AA) – The World Bank has approved a $250 million financing to assist Bangladesh in strengthening its environmental management and encouraging private sector participation in green investment. The 30-year term loan with a five-year grace period will help the Bangladesh Department of Environment strengthen its technical and ad...
ISTANBUL/MADRID (AA) – Oil giant Aramco has discovered two new natural gas fields in the country’s eastern region, Saudi Arabia’s energy minister announced Wednesday. The latest discoveries will make a significant contribution to the country’s energy strategies and will also strengthen the kingdom’s natural gas reserves, stat...
