King Salman to hold talks with Cyprus leader, two accords to be signed

King Salman and Cyprus President Nicos Anastasiades. (Agencies)
Updated 01 January 2018
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King Salman to hold talks with Cyprus leader, two accords to be signed

RIYADH: Key regional issues that have tossed the entire Middle East into turmoil, with a special reference to Saudi-Cypriot relations, will top the agenda of wide-ranging talks between King Salman and Cyprus President Nicos Anastasiades here on Wednesday.
Anastasiades, who will arrive in the Saudi capital on Tuesday, is the first Cypriot president to visit the Kingdom.
“The talks will focus on a range of important regional and international issues of common concerns, and explore ways to enhance bilateral relations between Riyadh and Nicosia,” said Nikos Panayi, ambassador of the Republic of Cyprus, here on Sunday.
Calling the visit of the Cypriot president “historic,” Panayi said the president will also “elaborate on the Cyprus issue during his talks with Saudi officials.”
He pointed out that “a major memorandum of understanding (MoU) will be signed between the two countries for holding periodic political consultations.” The MoU will make provision for regular consultations between the foreign ministries of the Kingdom and Cyprus, which will boost political cooperation and coordination as well as mutual support wherever possible.
This is in addition to an agreement on avoidance of double taxation to be signed by the two sides during Anastasiades’ visit, the envoy added.
He said the Cypriot president will be accompanied by high-ranking officials including Minister of Foreign Affairs Ioannis Kasoulides, Defense Minister Christoforos Fokaides, Minister of Transport, Communications and Works Marios Demetriades and Minister of Energy, Commerce and Industry Georgios Lakkotrypis.
The envoy added the ministers will have separate meetings with their Saudi counterparts on the sidelines of the presidential visit. The Kingdom and Cyprus have had cordial ties, he said.
Nicosia condemned the missile strikes on the Kingdom from Yemen.
Moreover, Cyprus also remains a destination with great potential for investments and trade. The potential emanating from the discovery of hydrocarbons in Cyprus’ exclusive economic zone has opened new opportunities and enhanced the role that Cyprus seeks to play in its greater neighbourhood.


Saudi Arabia, Russia ‘aim to build bridges through culture’

Russia is looking to bolster cultural ties with Saudi Arabia. (Shutterstock)
Updated 40 min 24 sec ago
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Saudi Arabia, Russia ‘aim to build bridges through culture’

  • Culture not only supports economic growth, but also builds bridges between nations: Dmitriev

RIYADH: Russia seeks to extend its close economic ties with Saudi Arabia into the world of arts and culture, a leading Russian businessman writes today in Arab News.

The arts are “a source for new jobs and sustained economic growth, and private companies realize this trend is an opportunity,” says Kirill Dmitriev.

“Saudi Arabia is one of the countries that identified this trend early. Cultural development is an important part of the Vision 2030 program led by Crown Prince Mohammed bin Salman,” he writes.

The Russian Direct Investment Fund, the sovereign wealth fund of which Dmitriev is chief executive, “believes that culture not only supports economic growth, but also builds bridges between nations, creating an atmosphere of mutual trust.” 

As an example, five paintings by the Russian avant-garde artists Wassily Kandinsky and Pavel Filonov are being exhibited at the Future Investment Initiative conference in Riyadh. Such cultural ties “will contribute to the long-term relationship.” Dmitriev writes.