Saudi Arabia’s crown prince meets with president of World Economic Forum

Saudi Arabia’s Crown Prince Mohammed bin Salman met with the president of the World Economic Forum Børge Brende on Sunday in Riyadh. (SPA)
Updated 25 March 2019
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Saudi Arabia’s crown prince meets with president of World Economic Forum

RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman met with the president of the World Economic Forum Børge Brende on Sunday in Riyadh.
During their meeting, they reviewed a number of issues related to developments on a regional and global level, especially in economic terms.
The crown prince and Brende also discussed WEF’s partnership with the Kingdom and their interest in Saudi Arabia’s economic programs within the framework of Vision 2030, as well as the desire of WEF to hold some events and seminars in the Kingdom, including the launch of the Joint Center for the Fourth Industrial Revolution in Riyadh.
The meeting was also attended by Minister of Energy Khaled Al-Faleh, Minister of Finance Mohammed Al-Jadaan, Minister of Economy and Planning Mohammad Al-Tuwaijri and a number of officials at from the World Economic Forum.


Saudi Arabia welcomes US decision on Iran oil sanction waivers

Updated 23 April 2019
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Saudi Arabia welcomes US decision on Iran oil sanction waivers

  • The Saudi minister said Iran uses state income to finance their dangerous policies
  • Saudi Arabia will work with other oil producing countries to stabilize international market

DUBAI: Saudi Arabia has welcomed US Foreign Minister Mike Pompeo’s announcement that waivers on the sanctions on Iranian oil exports will be lifted, Saudi state agency SPA reported.

Saudi Arabia believes the US decision is a necessary step to pressure the Iranian government to stop jeopardizing peace and end their global support for terrorism, the Saudi Foreign Minister, Ibrahim bin Abdulaziz Al-Assaf, said.

The Iranian regime uses the country’s income to finance dangerous policies without any consideration for international law, the minster added.

International pressures on Iran must continue until it stops interfering in the domestic affairs of other countries, he stressed.

Saudi Arabia will continue their strict adherence to the policies, which aim to stabilize international markets, and will not produce oil beyond the balance, Al-Assaf said.

The Kingdom will cooperate with other oil producing countries to produce enough oil for consumers, he added.