Saudi, Djibouti sign economic cooperation agreement

Maritime transport is one of the areas that the agreement covered. (Reuters)
Updated 23 December 2017
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Saudi, Djibouti sign economic cooperation agreement

RIYADH: Saudi Arabia and Djibouti yesterday signed a cooperation agreement in areas including industry, energy, mineral wealth, telecommunications, information technology, housing health, agriculture, water and environmental protection.
The agreement included measures to speed up the development of air transport between the two countries and ways to increase trade through improved maritime transport, according to Asharq Al-Awsat.
The agreement also included ways of increasing the volume of trade and investment exchange between the two countries in accordance with both the Saudi Vision 2030 and Djibouti’s Vision 2035.
A Saudi-Djibouti economic fair was held in Riyadh where businessmen from the two countries held talks.
The agreement focused on strengthening cooperation with the Central Bank of Djibouti to exchange information and credit reports on banks and companies in Djibouti.
Saudi Arabia expressed its desire to set a date for the start of the first round of negotiations within two months to avoid double taxation between the two countries, and the list of members of the Saudi Executive Committee for the Saudi-Djibouti Business Council has also been decided on.
The council will meet after Djibouti selects its members for the committee.


Ambassador Khalid meets Saudi soldiers receiving treatment in US

Updated 23 February 2019
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Ambassador Khalid meets Saudi soldiers receiving treatment in US

  • Prince Khalid bin Salman met with Saudi soldiers who were being treated for injuries in the US
  • The Saudi ambassador praised the soldiers as “heros” for defending the Kingdom

Saudi Arabia’s ambassador to the United States, Prince Khalid bin Salman, met on Saturday with Saudi soldiers who were being treated for injuries in the US.

The Saudi ambassador praised the soldiers as “heros” for defending the Kingdom against the “Iran backed Houthi terrorist.”

Saudi Arabia has been leading an Arab coalition fighting the Houthi militia, who overthrew the democratically elected, internationally recognized government of Yemen in 2014.

During the Yemen conflict, the militia has targeted Saudi Arabia using ballistic missiles, which United Nations investigations have found to have been manufactured by Iran.