Mexico eyes Gulf investment funds

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Updated 19 January 2016

Mexico eyes Gulf investment funds

RIYADH: Custodian of the Two Holy Mosques King Salman was conferred on Sunday the highest Mexican honor for his contributions to promote bilateral relations and for his “distinguished services to mankind in general.” 
 
The Order of the Aztec Eagle was presented to the king by Mexican President Enrique Pena Nieto at Al-Yamamah Palace.
“The Aztec Eagle (collar) is the highest Mexican recognition presented to non-Mexican heads of state for their services to Mexico and for rendering services to humanity,” said Mexican Ambassador Arturo Trejo. King Salman, on his part, reciprocated the gesture and presented the coveted King Abdulaziz Medal to Nieto at the palace ceremony. 
According to the citation, King Salman received the order for his important contributions and dedication in promoting understanding, friendship, peace and for rendering services to mankind. The Aztec Eagle (collar) is made up of 30 pieces of gold-plated silver and decorated with the Mexico City Aztec emblem. 
The talks between the two leaders were followed by the signing of nine agreements as announced earlier, said Trejo. “Both the king and Nieto witnessed the signing.” 
Trejo added that the two leaders discussed a range of bilateral and international issues besides ways and means to expand economic cooperation, investment in new sectors and strengthening the political dialogue. King Salman was also invited by the Mexican president to visit Mexico.
Mexican Energy Minister Pedro Joaquin Coldwell said Mexico was particularly interested in the Gulf states’ large investment funds, “which represent an opportunity for Mexico to capture investment.” 
Mexico is keen to attract investment to its oil sector after Nieto undertook reforms that ended state-run firm Pemex’s 77-year monopoly. 
Accompanied by his wife, Angelica Rivera de Pena, Nieto attended a lunch banquet hosted by the king in his honor. 
Nieto also participated in a joint business forum at the Council of Saudi Chambers. Later, Nieto left for Abu Dhabi, where he will deliver a keynote speech at the World Future Energy Summit.
Over 50 deals will be signed during Nieto’s six-day Middle East tour.


Saudi envoy to UN affirms Kingdom’s support for regional peace, security

Updated 2 min 48 sec ago

Saudi envoy to UN affirms Kingdom’s support for regional peace, security

  • Israel and Iran are causing unrest in the Middle East, Al-Mouallimi asserts

NEW YORK: Saudi Arabia’s permanent representative to the UN has affirmed the Kingdom’s commitment to international law and regional security, stability and peace.

Addressing the UN Security Council, Abdallah Al-Mouallimi said the entire world recognizes the imperative of a two-state solution to the Israeli-Palestinian conflict.

But, he added, Israel continues to procrastinate in implementing relevant UN resolutions, refrains from recognizing the national rights of the Palestinian people, and has continued its provocations, the latest of which was the storming of Al-Aqsa Mosque on Eid Al-Adha, “an attack we condemn in the strongest terms.”

Al-Mouallimi urged the Security Council to reaffirm by all means the fundamental principles of international relations, and to reject occupation, violence, oppression, incitement and sedition by Israel and Iran, which he said are causing unrest in the Middle East.

He added that the Kingdom is always working to encourage development in the Middle East, and believes that comprehensive development in the region is the way to achieve stability, eliminate terrorism and alleviate conflicts.

“The Kingdom always seeks to extend cooperation and commitment to dialogue in order to solve problems through peaceful means, but at the same time stresses that the calls for dialogue should be consistent with the cessation of threats and interference in internal affairs and hostilities, such as attacks on diplomatic missions and attempts to assassinate diplomats, cyberattacks on infrastructure, propaganda campaigns, fueling strife and sectarianism, and supporting and sponsoring militias and terrorist organizations,” he said.

“Without a practical cessation of these practices, any call for dialogue is just a facade and a tool to achieve the goals of expansion and domination.”