Saudi-Russian business meeting will be held in Riyadh on Thursday

Russia's Energy Minister Alexander Novak. (REUTERS)
Updated 02 November 2017
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Saudi-Russian business meeting will be held in Riyadh on Thursday

RIYADH: The Council of Saudi Chambers (CSC), in cooperation with the Russian Direct Investment Fund (RDIF), will organize a meeting of Saudi-Russian businessmen on Thursday to discuss economic cooperation relations and mechanisms of developing them.

The meeting will be attended by Minister of Trade and Investment Majid Al-Qassabi, Russian Energy Minister Alexander Novak, and the governor of the Saudi Arabian General Investment Authority (SAGIA), Ibrahim bin Abdul Rahman Al-Omar.

The meeting, which comes in conjunction with meetings of the joint Saudi-Russian government committee, will be attended by a number of Saudi and Russian companies representing many economic sectors.

During the meeting, a number of presentations will be made, including one on investment opportunities in Russia; another on cooperation between the Saudi Public Investment Fund and its Russian counterpart; and another on the investment environment in the Kingdom.

This meeting is a continuation of trade talks between the Kingdom and Russia, which began in Moscow during the first Saudi-Russian investment forum organized by SAGIA in cooperation with the CSC and the Saudi-Russian Joint Council during the visit of King Salman to Russia in October.


Pakistan confers second-highest civilian award on Saudi commerce minister for strengthening ties

Updated 12 January 2026
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Pakistan confers second-highest civilian award on Saudi commerce minister for strengthening ties

  • Ambassador Ahmad Farooq confers Hilal-e-Pakistan on Majid Al-Kassabi in Riyadh
  • Award reflects the depth of the longstanding partnership and strong trade relations between the Kingdom and Pakistan

RIYADH: Pakistan’s Ambassador to the Kingdom Ahmad Farooq has conferred the country’s second-highest civilian award on Saudi Arabia’s Minister of Commerce Majid Al-Kassabi for his role in strengthening ties between Islamabad and Riyadh, Pakistan’s Embassy in Saudi Arabia said.

Farooq presented the Hilal-e-Pakistan to Al-Kassabi during a meeting in Riyadh, the Saudi Press Agency reported. The parties also discussed ways to enhance bilateral trade relations.

“On behalf of the president of Pakistan, Ambassador Ahmad Farooq conferred the Hilal-e-Pakistan on Majid Al-Kassabi, minister of commerce of Saudi Arabia, in recognition of his outstanding contribution to strengthening Pakistan–Saudi Arabia relations,” the embassy wrote on X.

The award reflects the depth of the longstanding partnership and strong trade relations between the Kingdom and Pakistan and serves as an impetus to further strengthen joint cooperation for the benefit of both countries and their peoples, the SPA reported.

Pakistan and Saudi Arabia enjoy cordial ties that date back decades and include cooperation in several sectors such as defense, trade, economy, agriculture, livestock and minerals.

Saudi Arabia is the largest source of foreign remittances to Pakistan, with over 2 million Pakistani expats residing in the Kingdom. Riyadh has also helped Pakistan during several economic crises over the years, providing oil on deferred payments and loans in critical times.

The two countries signed a landmark strategic partnership agreement in September 2025, according to which an act of aggression against one country will be seen as an attack on both.