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 Arabia announces 34 more COVID-19 deaths

Updated 06 June 2020

Saudi Arabia announces 34 more COVID-19 deaths

  • The health ministry said that 1,175 more people have recovered from the virus
  • A total of 71,791 patients have recovered from the virus

RIYADH: Saudi Arabia announced 34 more deaths from the novel coronavirus COVID-19 and 3,121 new cases of the disease on Saturday.
Of the new cases, 900 were recorded in Riyadh, 572 in Jeddah, 279 in Makkah, 170 in Madinah and 149 in Dammam.
The health ministry added that 1,175 more people have recovered from the virus, taking the total number of recoveries in the Kingdom to 71,791.
A total of 676 people have died of the disease in the Kingdom so far.
On Friday, the Kingdom announced a series of restrictions to curb the spread of COVID-19 in Jeddah after the city saw a spike in the number of infections.