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.
Saudi Arabia and Switzerland are poised to deepen cooperation in finance and economics as top officials convened for the 4th Saudi-Swiss Financial Dialogue in Zurich.
Karin Keller-Sutter, Vice President of the Swiss Federal Council, and Saudi Arabia’s Finance Minister Mohammed Al-Jadaan © X
Saudi Arabia and Switzerland are poised to deepen cooperation in finance and economics as top officials convened for the 4th Saudi-Swiss Financial Dialogue in Zurich.
The event, inaugurated by Saudi Arabia’s Finance Minister Mohammed Al-Jadaan, focused on enhancing macroeconomic outlooks, fostering international multilateral cooperation, and advancing specific bilateral economic initiatives.
It comes against the backdrop of a robust trade relationship between the countries. In 2023, Saudi Arabia exported $810.67 million worth of goods to Switzerland, while Swiss exports to the Kingdom totaled $6.77 billion, according to the UN’s international trade database.
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.
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