Saudi Arabia
Gulf states on high alert after US strikes Iran's nuclear sites
Gulf states, home to multiple U.S. military bases, were on high alert on Sunday after U.S. strikes on Iran raised the possibility of a widening conflict in the region.
Italy is discussing joint investments with Saudi Arabia in the automotive, mining, oil & gas, defense, hydrogen and space sectors, Industry Minister Adolfo Urso said on Monday.
Adolfo Urso
Italy is discussing joint investments with Saudi Arabia in the automotive, mining, oil & gas, defense, hydrogen and space sectors, Industry Minister Adolfo Urso said on Monday.
Since taking office in October 2022, Italian Prime Minister Giorgia Meloni has sought to forge closer ties with the Gulf.
Urso is visiting the Arabian Peninsula until Tuesday, with meetings in Qatar, Saudi Arabia and the United Arab Emirates.
“Italy and Saudi Arabia are committed to developing a regulatory and industrial framework that favors and accelerates strategic autonomy in the critical raw materials sector,” Urso said in a statement after a meeting in Riyadh with Khalid Al Saalem, president of the Royal Commission for Jubail & Yanbu, which helps oversee development of Saudi Arabia’s energy industry.
“We explored the possibility of partnerships and joint investments especially in the mining sector, both in our respective countries and in third areas, such as the African continent.”
Top representatives of companies including Pirelli , Maire Tecnimont and Prysmian attended the meeting, the minister added.
Gulf states, home to multiple U.S. military bases, were on high alert on Sunday after U.S. strikes on Iran raised the possibility of a widening conflict in the region.
The United Arab Emirates has announced the creation of a new Ministry of Foreign Trade, as part of its efforts to strengthen its position in the global economy and diversify its trade partnerships.
Syria this week carried out its first international bank transfer via the SWIFT international payment system since the outbreak of the country’s 14-year civil war, central bank governor Abdelkader Husriyeh said on Thursday, a milestone in Syria’s push to reintegrate into the global financial system.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.