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

Russia's Energy Minister Alexander Novak. (REUTERS)
Updated 02 November 2017
Follow

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.


Saudi Arabia announces new financial support to the Yemeni government

Updated 16 January 2026
Follow

Saudi Arabia announces new financial support to the Yemeni government

RIYADH: Saudi Ambassador to Yemen and Supervisor of the Saudi Program for the Development and Reconstruction of Yemen Mohammed Al-Jaber announced that the Kingdom, under the directives of its leadership, has provided new support to the Yemeni government's budget, aimed at paying the salaries of state employees in all sectors.

In a post on X, Al-Jaber stated that this support complements a package of development projects and initiatives, amounting to SR1.9 billion, announced on Wednesday. The package includes provision of necessary petroleum derivatives to operate power plants, which will contribute to improving the living standards of people in Yemen and alleviating daily burdens on them.

Al-Jaber’s post emphasized, in particular, that all salaries of military and security forces linked to the the higher military committee linked to the Saudi led Coalition will be paid as of Sunday. 

 

The post is likely relate to Several Media reports which have suggested that disgraced former Southern Transitional Council (STC) chief Aidaroos Al Zubaidi — who has now fled Yemen — was taking advantage of military personnel and withholding salaries as means of pressure. Al-Zubaidi is wanted by the Yemeni government for acts of high treason and corruption. 

The ambassador emphasized that these steps come within the framework of supporting the Yemeni government's efforts to implement the economic reform program, which aims to achieve financial and economic stability and enhance the state's ability to meet its basic obligations.