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.


Arab and Muslim nations, organizations commend Saudi Arabia’s decrees on Khashoggi case

Updated 31 min 15 sec ago
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Arab and Muslim nations, organizations commend Saudi Arabia’s decrees on Khashoggi case

  • UAE, Egypt and Bahrain issued statements commending Saudi Arabia's royal decrees
  • Saudi Arabia’s highest religious body, the Council of Senior Scholars, said the king’s decisions “achieve justice and equality”

JEDDAH: Gulf Arab allies have backed the royal decrees issued Saudi Arabia's King Salman on Saturday involving the death of Saudi journalist Jamal Khashoggi.

UAE

The UAE on Saturday backed Saudi Arabia’s statements, the official news agency WAM said.

The Gulf Arab state “commends directives and decisions of Saudi King Salman on the issue of Kashoggi,” WAM said on Twitter.

The announcement also said that Saudi Arabia and its leadership is a state of institutions based on justice and equity.

Egypt

Egypt praised what it called the "decisive" and "brave" actions taken by the king.
"Egypt sees that the brave and decisive decisions and actions taken by the Saudi King over this matter align with his majesty's approach that respects the principles of law and applications of effective justice," the Foreign Ministry said in a statement.
It also offered its condolences to Khashoggi's family and said it was confident the investigation would reveal the truth. 

Bahrain

Bahrain praised decisions made by the Saudi king to establish justice, Saudi-owned Al Arabiya TV reported.

“Saudi Arabia will remain a state of justice, values and principles,” an official statement quote by the channel said.

Palestine

Palestine commended King Salman's decisions to affirm justice and fairness.

The statement also stressed that Saudi Arabia, under the wise leadership of King Salman and Crown Prince Mohammed bin Salman, will remain the state of justice, values and principles.

Yemen

Yemen on Saturday praised decisions made by King Salman in relation to Khashoggi's death , according to the legitimate government’s state news agency.

Djibouti

Djibouti praised King Salman's decisions and said they are proof that Saudi Arabia is a nation of values, principles, and justice.

Arab and Muslim Organizations

The Organization of Islamic Cooperation (OIC) on Saturday praised the Kingdom's transparency and its emphasis on the implementation of justice.

Saudi Arabia’s highest religious body, the Council of Senior Scholars, on Saturday said the king’s decisions on the death of Khashoggi “achieve justice and equality in accordance with Islamic law”, according to a statement on state news agency SPA.