Saudi newspapers highlighted in their editorials today a number of issues, at local, regional, and international arenas. Al-Riyadh newspaper reported in its editorial that the echoes of the potential merger between the National Commercial Bank and Samba Financial Group are still present strongly in the local, regional and global arenas. The paper said that if this deal was made according to what was announced in the framework agreement between the two parties, then it will result in establishing a new economic entity that will push forward the economic growth in the Kingdom of Saudi Arabia, in order to achieve many of the requirements and goals of its Vision 2030. The paper concluded that the potential merger deal will make a higher financial capacity and greater effectiveness to achieve goals that the two banks were unable to achieve before. Al-Bilad newspaper said in its editorial that Minister of State for Foreign Affairs Ambassador Adel Al-Jubeir expressed the Kingdom of Saudi Arabia's firm stance that calls for extending UN arms embargo on Iran. This came during a joint press conference held yesterday with US Special Representative for Iran, Brian Hook, the paper said. The paper stressed that Saudi Arabia's stance concludes that lifting UN arms embargo on Iran would allow Tehran to further arm its proxies and destabilize the region. The paper concluded that Saudi Arabia is able to safeguard its borders and sovereignty and deter any attack on its cities and citizens, confirming that Saudi Arabia leads positively efforts for maintaining international peace and security. The paper explained that extending the arms embargo on Iran will avoid the world serious danger.
