Saudi Arabia, France discuss economic cooperation in private sector 

The Federation of Saudi Chambers. (SPA)
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Updated 28 May 2023
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Saudi Arabia, France discuss economic cooperation in private sector 

  • Raffarin called for providing French companies with opportunities in the Saudi market

RIYADH: The Federation of Saudi Chambers hosted a meeting between Saudi business owners and a delegation of 100 French companies, Saudi Press Agency reported on Sunday. 

The two sides were headed by former French Prime Minister Jean-Pierre Raffarin and Mohammed bin Laden, president of the Saudi-French Business Council.

During the meeting, Raffarin called for greater economic cooperation between Saudi Arabia and France by providing French companies with opportunities in the Saudi market. He acknowledged Saudi Arabia’s pioneering role regionally and internationally.

The meeting reviewed the strategy of the Saudi-French Business Council and its various efforts, including extending its membership to 150 people. 

Bin Laden said that the council obtained approval for French residents in Saudi Arabia to join as members. He noted the council’s role in the development of trade relations between the two countries.

The volume of trade exchange between Saudi Arabia and France amounted to SR 43.3 billion ($11.46 billion) in 2022, with Saudi exports to France increasing by 80 percent.
 


Saudi Arabia welcomes ceasefire agreement between Syrian Democratic Forces and Syria state

Updated 8 sec ago
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Saudi Arabia welcomes ceasefire agreement between Syrian Democratic Forces and Syria state

RIYADH: Saudi Arabia has welcomed an agreement between the Syrian state and Syrian Democratic Forces.
In a foreign ministry statement early on Monday, the Kingdom said it had welcomed an deal between Damascus and Kurdish Syrian Democratic Forces that was announced by the Syrian government on Sunday.
The agreement entails merging all SDF forces into the defense and interior ministries and means that Kurdish forces will redeploy to east of the Euphrates river.
The 14-point deal would also see the immediate administrative and military handover of Deir Ezzor and Raqqa governorates.
The Syrian state would regain control of all border crossings, oil fields, and gas fields in the region, with protection secured by regular forces to ensure the return of resources to the Syrian government, while considering the special case of Kurdish areas, the state news agency SANA reported.
The ceasefire comes after intense fighting between the SDF and government troops in Aleppo. But SDF troops have now pulled back from there and the Syrian army now controls most areas east of Aleppo.
The Saudi foreign ministry statement also thanked the US for the agreement. Washington is believed to have supported brokering the ceasefire between allies SDF and the Syrian government, who they have also backed diplomatically since the fall of long-time dictator Bashar Assad.
The Syrian state announced on Friday a raft of new directives to recognize Syrian Kurds, including making their language official and bolstering other rights for the minority group.