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 agreed on Tuesday to resume military aid and intelligence sharing with Ukraine after talks where Kyiv said it would accept a U.S. proposal for a 30-day ceasefire in its conflict with Russia, the countries said in a joint statement.
From the Gaza conflict to potential diplomatic ties with Israel, and negotiations for a ceasefire in Ukraine, Saudi Arabia has placed itself at the center of major international issues.
Saudi Crown Prince Mohammed bin Salman and Ukrainian President Volodymyr Zelenskiy discussed efforts to achieve "sustainable fair, and comprehensive" peace in Ukraine, according to a joint statement published on Tuesday by the Saudi state news agency (SPA).
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