DiplomaticQuarter: Chinese envoy, Saudi minister discuss ways to strengthen ties

Saudi Minister of Islamic Affairs, Dawah and Guidance Sheikh Abdullatif Al-Asheikh meets Chinese Ambassador Chen Weiqing in Riyadh. (Supplied)
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Updated 01 October 2020

DiplomaticQuarter: Chinese envoy, Saudi minister discuss ways to strengthen ties

  • Saudi Arabia and China are comprehensive strategic partners with strong trade exchanges

RIYADH: Chinese Ambassador to Saudi Arabia Chen Weiqing called on Saudi Minister of Islamic Affairs, Dawah and Guidance Sheikh Abdullatif Al-Asheikh at his office in Riyadh, where they exchanged views on strengthening mutual cooperation.

Discussed at the meeting were issues of mutual interest to enhance bilateral cooperation, the Saudi Press Agency reported.

After the meeting, the Chinese ambassador tweeted: “I was honored to meet with the minister of Islamic affairs, and we exchanged views on strengthening the dialogue on civilizations and friendship between people of the two countries and issues of common interests.”

Earlier, Weiqing met Abdul Aziz Al-Owaisheq, assistant secretary-general for political affairs and negotiations of the Gulf Cooperation Council (GCC).

He was accompanied by his delegation of officials from the Chinese Embassy in Riyadh.

During the meeting, they discussed ways to enhance joint cooperation, in accordance with the agreements signed within the framework of the strategic partnership between the two sides. 

They also discussed the latest developments in regional and international politics, issues of common interest, and their upcoming joint meetings.

Commenting on the meeting, the Chinese ambassador tweeted: “I am pleased to exchange views with the assistant secretary-general for political affairs and negotiations of the GCC about developing relationship between China and the council.”

Saudi Arabia and China are comprehensive strategic partners with strong trade exchanges and are keen on continuing their close bilateral relations and developing them into a long-term strategic partnership protecting mutual interests. 

Saudi Arabia is one of China’s top crude oil suppliers and an important market for its exports.


Tadawul index records highest close since July 2019 on Sunday

Updated 30 November 2020

Tadawul index records highest close since July 2019 on Sunday

  • Total trading reached $3.17 billion

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) rose 0.2 percent, or 15 points, to end at 8,709 points on Sunday, the highest closing since July 2019.

Total trading reached SAR 11.9 billion ($3.17 billion), with the advance-decline ratio at 146:44.

SPIMACO rose 5.5 percent to SAR 43.05. The company signed a non-binding memorandum of understanding with German biopharmaceutical firm, CureVac, to provide COVID-19 vaccine in the Kingdom.

Electrical Industries closed 5.6 percent higher at SAR 24.26, as the firm completed the final phase of share buyback for SAR 7.2 million.

Naseej went limit up to close at SAR 33.

Oil giant Saudi Aramco fell 0.4 percent to SAR 35.75, while banking major Al Rajhi slipped 0.3 percent to SAR 74.

Blue chip SABIC edged down 0.3 percent to SAR 96.50.

Alandulas was the top decliner, shedding nearly 2 percent to SAR 21.08.

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