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.
The United States launched on Wednesday its first airstrikes in the Middle East since suspending its bombing campaign last week, hitting Iran-backed armed groups in Iraq jointly with Saudi Arabia, while Tehran spurned an Omani plan to manage the Strait of Hormuz.
Saudi Arabia said on Tuesday that its air defenses intercepted and destroyed several drones that attempted to target oil facilities in the kingdom's Eastern Province.
Yemen's Iran-aligned Houthi militants fired on Saudi oil installations in two ports on the Red Sea coast on Saturday, but the United States held back from launching air strikes on Iran itself for the first night in two weeks.
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