Saudi prince to make official visit to France next week: sources

Updated 05 April 2018
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Saudi prince to make official visit to France next week: sources

  • Saudi Arabia's Crown Prince Mohammed bin Salman has been on a royal tour since the beginning of March that has taken him to Egypt, the UK and the US
  • During his visits to the various countries he has signed numerous deals worth billions of dollars
DUBAI: Saudi Arabia's Crown Prince Mohammed bin Salman will make an official visit next week to France, expected to focus on culture and investments but also the long-running war in Yemen, sources with knowledge of his plans told AFP.
The 32-year-old Prince Salman "will be on an official visit Monday and Tuesday, mainly to discuss culture, tourism, investment and new technologies," a source close to the Saudi delegation said
The crown prince has been on a lengthy tour of the US, during which he has met with President Tump, as well as former members of the country’s government.
He has also met representatives of the international media including Warner Brothers, when they discussed Saudi Arabia’s plans to open cinemas for the first time in decades.
In March Mohammed bin Salman signed a multibillion dollar investment deal with Egypt’s President Sisi.
He also went to the UK where he held meetings with Prime Minister Theresa May, Foreign Secretary Boris Johnson and dined with the British royal family.
During his visit to the UK the two countries signed a massive $60 billion trade deal.
 


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

Updated 52 min 2 sec ago
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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.