Saudi economy minister meets Moroccan, Austrian, Hungarian ministers in Paris

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Morocco’s Delegate Investment Minister Mohcine Jazouli. (SPA)
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Austria’s Federal Minister of Labor and Economy Martin Kocher. (SPA)
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Hungarian Foreign and Trade Minister Peter Szijjarto. (SPA)
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Updated 15 February 2023
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Saudi economy minister meets Moroccan, Austrian, Hungarian ministers in Paris

  • Faisal bin Fadel Al-Ibrahim met Morocco’s Delegate Investment Minister Mohcine Jazouli at the OECD RBC Ministerial Meeting on Responsible Business Conduct in the Global Economy
  • Saudi minister also held talks with Austria’s Federal Minister of Labor and Economy Martin Kocher and Hungarian Foreign and Trade Minister Peter Szijjarto

RIYADH: Saudi Minister of Economy and Planning Faisal bin Fadel Al-Ibrahim on Wednesday met Morocco’s Delegate Investment Minister Mohcine Jazouli.

The meeting was held on the sidelines of the OECD RBC Ministerial Meeting on Responsible Business Conduct in the Global Economy.

During the meeting, they discussed investment opportunities between the two countries and issues of common interest.

The Saudi minister also held talks with Austria’s Federal Minister of Labor and Economy Martin Kocher. The meeting discussed strengthening economic relations between the two countries.

In another meeting, the Saudi minister met Hungarian Foreign and Trade Minister Peter Szijjarto. A number of issues on cooperation between Saudi Arabia and Hungary were discussed, and the latest issues of mutual concern were reviewed.


AlUla announces discovery of rare 465 million-year-old crab fossils

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AlUla announces discovery of rare 465 million-year-old crab fossils

  • Work being carried out to study, characterize the fossils
  • AlUla was likely closer to shore, but today 100km inland

RIYADH: The Royal Commission for AlUla announced on Thursday the discovery of rare horseshoe crab fossils estimated to be 465 million years old.

Work is being carried out to study and characterize the fossils, which have not yet been scientifically classified, the RCU said in a post on X.

All of the fossils were found in an upside-down position, an unprecedented preservation pattern for this species.

The discovery was also notable in that the fossils were larger than other known species typically found from the same period.

The RCU also said that trace fossils were found, suggesting that the specimens were moving.

The commission said on X that this was a “one-of-a-kind discovery published scientifically at an international level, enhancing AlUla’s standing as a leading global site for geological research.”

A study on the findings was published in the peer-reviewed journal Gondwana Research, in a paper titled “Ordovician horseshoe crab body and trace fossil association preserved in a unique taphonomic setting.”

It notes that the finding suggests that AlUla was historically much closer to the shore, whereas today it is more than 100 km inland.

Archaeological research in Saudi Arabia in recent years has uncovered vast troves of ancient artefacts.

In October 2025, the Heritage Commission’s Al-Yamamah Archaeological Project survey announced the discovery of 337 new archaeological sites in the Kingdom, including sites for stone tool manufacturing, water facilities and circular stone structures.

In September, the commission discovered the oldest architectural settlement in the Arabian Peninsula, dating back to the pre-pottery Neolithic period of 10,300 to 11,000 years ago, near Tabuk.