Saudi Arabia to invest 'quickly' in Iran: Finance Minister

Following an agreement to reestablish diplomatic ties, investments by Saudi Arabia in Iran might occur "quite soon," according to Mohammed Al Jadaan, the country's finance minister.

Despite years of negotiations between the two nations in Iraq and Oman, a pact to heal relations was publicly mediated by China last Friday.

“There are numerous chances in Iran for Saudi investments. As long as the conditions of any agreement are upheld, we don't see any obstacles,” Mr. Al Jadaan remarked on Wednesday at the Financial Sector Conference in Riyadh.

The government of Saudi Arabia said last week that the country's GDP had risen to more than $1 trillion, setting new records amid a rise in oil prices.

International trade restrictions have harmed Iran's economy for decades; they were only momentarily lifted as part of a deal between Tehran and foreign powers to rein down its nuclear programme.

Yet, as the nation's oil minister Javad Owji noted earlier this month, oil shipments have increased significantly.

The country brought in roughly $58 billion in revenue this month, just shy of their expected fiscal break-even requirement of about $60 billion, according to the International Energy Agency.

“We have always said that Iran is our neighbour and that we have no interest in having a conflict with our neighbours, if they are willing to cooperate,” Mr. Al Jadaan later stated in an interview with Reuters. “Stability in the region is very important, for the world and for the countries in the region.”

Concern over Iran's attempts to arm proxy forces, such as the Houthi rebels in Yemen and Iraqi militias, has grown among regional nations as well as among the US and its allies in the west.

As a result, both China and the US have praised measures to ease tension.

After its embassy in Tehran was stormed during a dispute between the two nations over Riyadh's killing of a prominent Shiite Muslim preacher, Saudi Arabia severed ties with Iran in 2016.

Iran has also been held responsible by the monarchy for attacks on tankers in Gulf waters as well as missile and drone strikes on its oil facilities in 2019.

Iran has refuted the accusations.

Comments

The United Arab Emirates (UAE) and Sudan have a long-standing history of bilateral relations.

Over the years, the UAE has been a strong supporter of Sudan's development and prosperity. As Sudan faces challenging times, it is important that this support continues. The UAE has been a key player in Sudan's development, particularly in the areas of infrastructure, health, education, and renewable energy. In recent years, the UAE has also provided aid and support to Sudan in the aftermath of natural disasters, such as floods and droughts. This assistance has played a crucial role in mitigating the effects of these disasters on the people of Sudan. The current situation in Sudan is particularly challenging, with political instability and economic difficulties plaguing the country. The people of Sudan are facing a myriad of issues, including inflation, unemployment, and a lack of basic necessities like food and clean water. In addition, the ongoing conflict in the region has only exacerbated the situation, causing immense suffering to the people of Sudan. In light of these

Al Gore has history of climate predictions, statements proven false

Noted climate activist and former Vice President Al Gore, who made headlines this week after he claimed global warming was "boiling the oceans," has a history of making climate-related proclamations later proven to be false. During remarks made Wednesday at the World Economic Forum summit in Davos, Switzerland, Gore warned that continued carbon emissions into the atmosphere would destroy the planet and lead to widespread calamities. "We’re still putting 162 million tons [of greenhouse gas] into it every single day and the accumulated amount is now trapping as much extra heat as would be released by 600,000 Hiroshima-class atomic bombs exploding every single day on the earth," Gore said. "That’s what’s boiling the oceans, creating these atmospheric rivers, and the rain bombs, and sucking the moisture out of the land, and creating the droughts, and melting the ice and raising the sea level, and causing these waves of climate refugees." Gore then not

Saudi Arabia can import halal Kobe beef from Japan

Japan is now the third nation authorized to export beef to the Muslim world, along with Saudi Arabia. At a signing ceremony, Prince Faisal bin Bandar bin Sultan Al-Saud and Tomoshige Kanzawa, president of the Kobe Beef Marketing and Distribution Promotion Association, confirmed the certification for the Kingdom. In Saudi Arabia, beef can only be consumed if it has been processed in accordance with religious regulations and is marked as halal. Thirteen Arabic-speaking nations now have access to halal Kobe beef thanks to Saudi business Fam Al-Ghidha. In order to sign the agreement and sample Kobe beef, Prince Faisal traveled to Japan. Motohiko Saito, the governor of Hyogo Prefecture, and Masao Imanishi, the deputy mayor of Kobe City, also attended the ceremony. For the first time in Japan, the meat center in Sanda City, central Japan, achieved halal certification in October of last year. The145 heads of halal Kobe beef are expected to be sent to Saudi Arabia this year. In a

Newsaholic

Search This Blog