Cabinet approves opening UBS AG Bank of Switzerland branches in Saudi Arabia    MECOTEC forays into Saudi Arabia bringing cryo technology catering to diversifying health and lifestyle trends    Tragic mid-air collision during Malaysian military exercise results in 10 fatalities    Driving innovation and sustainability: An interview with Mohammed Salem AL Ojaimi, Chairman of AL Ojaimi Industrial Group    Australian PM calls Elon Musk an 'arrogant billionaire' in row over attack footage    AI company aiming to solve teacher shortage crisis    Diabetic Delhi leader finally gets insulin jab in jail    Aide to far-right German MEP arrested on suspicion of spying for China    EU elections: Socialists' lead candidate holds talks with SPD    Tourism Ministry shuts 67 erring hospitality facilities in 3 months    Saudi Arabia announces recalling 33,350 Toyota Land Cruiser and Lexus cars over transmission issue    NCM study: Frequency of rainfall will increase throughout Saudi Arabia in future    Spice Girls reunite at Posh's 50th birthday    Swedish rider Eckermann wins 2024 Show Jumping World Cup in Riyadh    Aspiring fencer Josh Brayden aims for Olympic glory    Revenues touch SR3.7 billion in Saudi cinema sector since 2018    PIF partners with Mutua Madrid Open to elevate global tennis    Beijing half marathon: Top three stripped of medals after investigation    Taylor Swift releases surprise double album    Al Ain ends Al Hilal's record streak with a 4-2 win in AFC Champions League semi-final    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EU biggest foreign direct investor in Saudi Arabia: Borrell Talks with Iran are still at 'exploratory stage': Prince Faisal
Published in The Saudi Gazette on 03 - 10 - 2021

RIYADH — The European Union foreign policy chief Josep Borrell said on Sunday that the EU is the second biggest trading partner of Saudi Arabia and the biggest foreign direct investor.
"Building from this strong economic relationship, we want to go beyond economics and to widen the scope of our interaction — to make it more strategic, also on regional issues and global challenges such as the green transition, climate change or digital revolution."
Borrell made these remarks during a press conference with the Saudi Foreign Minister Prince Faisal Bin Farhan in Riyadh.
"There are unprecedented reforms under way in Saudi Arabia and we support this modernisation drive that we welcome very much," Borrell said.
Borrell shared his observations, as Coordinator of the JCPOA — the nuclear deal with Iran — and briefed Prince Faisal, on the prospects of restarting Vienna talks about the nuclear deal with Iran soon.
They also exchanged views about Afghanistan and discussed the situation in Yemen. The EU foreign policy chief appreciated Saudi Arabia's efforts aimed at ending the fighting and condemned the cross border attacks against the Kingdom's territory.
"This morning I met United Nations Special Envoy for Yemen Hans Grundberg and I stressed our call on all actors in this conflict to fully support a peaceful settlement to the conflict."
Borrell said: "I am happy that we managed to launch dialogue between the European Union and Saudi Arabia on energy, where we look at common points between our Green Deal and the Saudi Vision 2030 when it comes to renewable energy, emission reduction and carbon capture."
"I strongly believe that Saudi Arabia can and should lead by example in the Gulf and the wider region on these issues."
On his part, Foreign Minister Prince Faisal Bin Farhan said Riyadh has a "very robust" dialogue with the United States to end the war.
Prince Faisal said he had reviewed several issues with his EU counterpart, adding that their meeting in Riyadh also saw them reviewing "the opportunities achieved by the Kingdom's Vision 2030."
Prince Faisal also confirmed to Borrell "the seriousness of the Houthi militia's practices in Yemen."
He stressed, "the danger of the Houthi militia continuing to bet on military options in Yemen," explaining that "the Houthis continue to violate despite the ceasefire initiatives in Yemen."
"Talks with Iran are still at an exploratory stage," Prince Faisal said. "We hope these talks will resolve the issues stuck between the two countries and we are seeking to attain it."


Clic here to read the story from its source.