US-Saudi partnership critical to confronting Iran, Pompeo says after Prince Faisal meeting

US Secretary of State Mike Pompeo meets with his Saudi Arabian counterpart, Foreign Minister Prince Faisal bin Farhan, at the State Department in Washington. (AFP)
Short Url
Updated 13 February 2020

US-Saudi partnership critical to confronting Iran, Pompeo says after Prince Faisal meeting

  • US secretary of state says he was glad to meet with Foreign Minister Prince Faisal bin Farhan on regional security issues

WASHINGTON: US Secretary of State Mike Pompeo met with Saudi Arabia's foreign minister Prince Faisal bin Farhan in Washington Wednesday.

Following the meeting, Pompeo said on Twitter that it was "past time" that Iran lived up to its commitment to global regulations regarding money laundering and financing of terror, calling on Tehran to ratify both the Palermo Convention and Terrorist Financing Convention.

Pompeo also praised American and Saudi relations, saying: "The US-Saudi partnership is critical as we confront Iran's destabilizing behavior. We also share an interest in de-escalation in Yemen. Glad to meet with Foreign Minister Faisal bin Farhan Al Saud on these regional security issues."

 


MoU signed to facilitate investment in Saudi Arabia

Updated 21 February 2020

MoU signed to facilitate investment in Saudi Arabia

RIYADH: The Saudi Arabian General Investment Authority (SAGIA) and the Diriyah Gate Development Authority (DGDA) signed a memorandum of understanding (MoU) to step up cooperation, the Saudi Press Agency reported on Thursday.

Under the MoU, the two authorities will establish a joint working group to boost cooperation in several areas including facilitation provided to investors, conducting economic studies of the market, building partnerships with commercial and industrial bodies and local companies, launching businesses, promoting the ease of doing business, providing logistic support, participating in local and international exhibitions, forums and special visits and exchanging knowledge and information.

All this will predominantly be in aid of attracting local and foreign investors. 

“SAGIA believes in the importance of such cooperation that can unify and multiply the efforts in a way that sets the world’s attention on the Kingdom’s cultural and heritage treasures and investment opportunities,” said SAGIA Gov. Ibrahim Al-Omar.

“This is done through close cooperation with DGDA to highlight these opportunities and market them internationally and locally. This MoU is a step in the right direction to achieve the objectives and directives of both bodies.”

Jerry Inzerillo, CEO of the DGDA, said: “Cooperating with SAGIA is one of the most important international investment motors to attract local and international investments to the Kingdom. This comes at a time where developing the Kingdom’s investment infrastructure is found within the objectives of its Vision 2030.

“At DGDA, we aim at attracting the best technologies and regional and international investments to the Kingdom. This will contribute to the improvement of the local economy and promote our objectives seeking to turn Diriyah into the Kingdom’s gem and an international economic tourist destination,” he added.