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Russia’s Climate Commitments Fully Met, Says Putin

ST. PETERSBURG: Russia, unlike other countries, fully complies with its climate commitments and is even ahead of schedule, Russian President Vladimir Putin has told the UAE President Sheikh Mohammed bin Zayed Al-Nahyan. “Unlike many other countries, we fully fulfill all our obligations in this area. Even with a certain advance,” Putin said during an inspection of a stand at the St. Petersburg International Economic Forum dedicated to the upcoming UN climate summit in the UAE.
Business

Russian-UAE Economic Cooperation Praised at SPIEF

ST. PETERSBURG: Russian firms are keen to develop further ties with the UAE, the country’s deputy prime minister has insisted in a speech lauding economic links between the two nations. Speaking at the St. Petersburg International Economic Forum, Denis Manturov — also Russia’s industry and trade minister — noted the special nature of Russian-Emirati relations, which includes strong ties of friendship and a rich history of cooperation based on the principles of mutual respect and trust.
Business

Saudi Arabia and UK Collaborate at London Forum to Celebrate Achievements and Discuss Future Vision

LONDON: Economic and trade relations between the UK and Saudi Arabia were further cemented in London this week as delegations from the two countries convened to mark the progress of the Kingdom’s Vision 2030 initiative and explore fresh avenues for collaboration. The UK Saudi Business, Trade and Partnership Forum, hosted at Mansion House in the heart of the City of London by the Saudi British Joint Business Council and the Saudi National Competitiveness Center, drew government officials, business leaders, and experts from both nations.
Business

Thai Companies Eye $36 Million Investment in Saudi Arabia to Strengthen Business Ties

RIYADH: Thai companies are ready to invest a combined $36 million in Saudi Arabia, a senior figure from the Asian country’s business community has revealed as relations between the two nations continue to develop. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, revealed the figure during a meeting of the Saudi-Thai Business Forum in Riyadh, according to the Saudi Press Agency.
Business

Petrochemical JVs for Energy Security: Saudi Arabia and China

RIYADH: Saudi Arabia and China are collaborating to ensure safe energy supplies in their markets by planning to establish petrochemical joint ventures. Saudi Minister of Energy Abdulaziz Al-Saud held a meeting with the chairman of the National Energy Authority of the Republic of China, Zhang Jianhua, in Riyadh to discuss JVs that will transform crude oil into petrochemicals and develop innovative uses of hydrocarbons, nuclear energy and fuel.  Both nations are working to increase collaboration in the energy sector’s supply chains. 
sport

Saudi Businessman named President of Sports.com Platform

LONDON: Saudi businessman and senior executive Majed Al-Sorour was appointed president of sports platform Sports.com on Friday. A worldwide entrepreneur with a reputation for identifying performance potential in growth-focused businesses, Al-Sorour’s role will include investment strategy and execution as well as strategic communications and investor relations. He has a particular interest in the sports and technology industries, said a media statement issued on Friday.
Business

Saudi-Iraq to Create Economic Zone to Increase Trade

JEDDAH: Saudi Arabia and Iraq on Thursday signed a raft of agreements to boost economic cooperation and develop a special economic zone. The deals were signed during the fifth session of the Saudi-Iraqi Coordination Council in Jeddah. The two sides agreed to identify economic opportunities to boost bilateral trade and investments in various sectors. Following the session, Saudi Commerce Minister Dr. Majid Al-Qasabi said the meeting was an affirmation of the brotherly relations between the two countries and aimed to strengthen the strategic partnership.
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