Saudi king promises football stadium for Iraq in call with PM Abadi

Saudi Arabia’s King Salman promised to build Iraq a football stadium following a friendly match between the two countries’ teams last week, in a phone call with Iraqi Prime Minister Haider Al-Abadi.
Updated 06 March 2018
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Saudi king promises football stadium for Iraq in call with PM Abadi

BAGHDAD: Saudi Arabia’s King Salman promised to build Iraq a football stadium following a friendly match between the two countries’ teams last week, in a phone call with Iraqi Prime Minister Haider Al-Abadi on Monday.
The two leaders also discussed how to enhance and strengthen cooperation between their countries, and the Iraqi-Saudi Joint Coordination Council, a body created last October to improve strategic relations and help rebuild devastated areas retaken from Islamist militants in Iraq.
The phone call was the latest indication of improved relations between the two countries, which have been at loggerheads for decades, starting with the Iraqi invasion of Kuwait in 1990.
Saudi Arabia is wooing Baghdad as part of an effort to stem the growing regional influence of Iran, while Iraq is seeking economic benefits from closer ties with Riyadh.


Saudi Arabia says deposits $250 million into Sudan's Central Bank: statement

Updated 19 May 2019
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Saudi Arabia says deposits $250 million into Sudan's Central Bank: statement

  • Saudi Arabia and UAE pledged to send $3 billion worth of aid to Sudan
  • The remaining amount will be allocated to meet the urgent needs of the Sudanese people

RIYADH: Saudi Arabia said on Sunday it deposited $250 million with the Sudanese central bank, according to a statement from the Kingdom’s ministry of finance.

Saudi Arabia and the UAE pledged to send $3 billion worth of aid to Sudan, after mass protests led to the ouster of president Omar al-Bashir last month.

The move will strengthen Sudan’s “financial position, alleviate pressure on the Sudanese pound and achieve more stability in the exchange rate," the statement said.

Saudi Arabia and the United Arab Emirates have deposited now $500 million into Sudan’s Central Bank, the first instalment of the joint package of aid.

The remaining amount will be allocated to meet the urgent needs of the Sudanese people, including food, medications and oil derivatives.

Mohammed Abdullah Al-Jadaan, Minister of Finance, confirmed that this deposit constitutes an extension of the Kingdom’s support to the Sudanese people.

He added that this support will strengthen the financial and economic situation in Sudan, especially the exchange rate of the Sudanese pound, which should reflect positively on the living conditions of the Sudanese citizens.