DIRS.INFO The most relevant business & tech news

☆ World leaders call for restraint in the aftermath of Iran’s unprecedented air attack against Israel
▼ + stars: | 2024-04-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +7 min

Anadolu | Anadolu | Getty ImagesWorld leaders have called for calm in the aftermath of Iran's large-scale air attacks on Israel on Saturday, with many expressing deep concern over the prospect of a broader regional conflict. Ahead of a war cabinet meeting on Monday, Israel has pledged to "exact a price" from Iran in response to the Saturday attack. watch nowU.S. President Joe Biden on Saturday said that he condemned "in the strongest possible terms" Iran's unprecedented air attack against military facilities in Israel. 'No one wants to see more bloodshed'European leaders castigated Iran's attack against Israel and vowed to work to de-escalate the situation. France and the U.K. intercepted some of Iran's strikes on Israel on Saturday.

Persons: Israel, Joe Biden, Biden, Benjamin Netanyahu, Iran's, Emmanuel Macron, Rishi Sunak, Annalena Baerbock, Baerbock, Sunak, Yoko Kamikawa, Kamikawa, Gustavo Petro, Petro, Nicolas Maduro Organizations: Anadolu, Getty, CNBC, NBC News, Downing, German, NBC, Israel, Saudi Arabia's Foreign, United Nations Security Council, Sunday, UN, UNRWA, Kyodo, Japan's, United Nations, Colombia's, Bloomberg Locations: Israel, Tehran, Iran, Syria, Gaza, Syrian, Damascus, France, London, England, Germany, East, North Africa, Saudi, Egypt, Asia, China, Beijing, Palestine, Tokyo, Japan, South America, U.S, Miraflores, Caracas, Venezuela

JERUSALEM (AP) — Saudi Arabia's foreign minister says the kingdom will not normalize relations with Israel or contribute to Gaza's reconstruction without a credible pathway to a Palestinian state. Prince Faisal bin Farhan's remarks in an interview with CNN broadcast late Sunday were some of the most direct yet from Saudi officials. It puts them at odds with Israeli Prime Minister Benjamin Netanyahu, who has rejected Palestinian statehood and described plans for open-ended military control over Gaza. In September, Netanyahu had said Israel was “at the cusp” of such a deal, which he said would transform the Middle East. Israel has only successfully rescued one hostage, while Hamas says several have been killed in Israeli airstrikes or during failed rescue operations.

Persons: Prince Faisal bin Farhan's, Benjamin Netanyahu, Netanyahu, Israel, “ CNN’s Fareed Zakaria, ”, ” Prince Faisal, “, Prince Faisal, we’re, NETANYAHU, —, ___ Shurafa Organizations: JERUSALEM, CNN, Israeli, Palestinian, West Bank, Hamas, Health Ministry Locations: Saudi, Israel, Palestinian, Gaza, United States, U.S, Saudi Arabia, Jerusalem, GAZA, U.N, Iran, Lebanon, Syria, Iraq, Yemen, Deir, israel

☆ Saudi Says Escalating Tensions Amid Houthi Attacks and US Strikes Are Dangerous
▼ + stars: | 2024-01-20 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

By Kanishka SinghWASHINGTON (Reuters) - Saudi Arabia's foreign minister said the kingdom was "very worried" that tensions in the Red Sea amid attacks by Yemen's Houthis and U.S. strikes on Houthi targets could spiral out of control and escalate the conflict in the region. The Saudi foreign minister said the kingdom believed in freedom of navigation and wanted tensions in the region to be de-escalated. The Houthis, who control most of Yemen, say their attacks are in solidarity with Palestinians under attack from Israel in Gaza. Since last week, the United States has been launching strikes on Houthi targets in Yemen, and this week returned the militia to a list of "terrorist" groups. President Joe Biden said on Thursday that air strikes would continue even as he acknowledged they may not be halting the Houthi attacks.

Persons: Kanishka Singh WASHINGTON, Yemen's Houthis, Prince Faisal bin Farhan, Fareed Zakaria, Joe Biden, Kanishka Singh, Daniel Wallis Organizations: CNN Locations: Saudi, Red, Iran, Asia, Europe, Gaza, Yemen, Israel, United States, Hamas, Palestinian, Washington

☆ Saudi Arabia says will host Arab and Islamic summits to discuss Gaza conflict
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

Saudi Arabia's Minister of Investment Khalid Al Falih gestures during the opening session of the Future Investment Initiative Conference in Riyadh, Saudi Arabia, October 26, 2021. REUTERS/Ahmed Yosri/File Photo Acquire Licensing RightsSINGAPORE, Nov 8 (Reuters) - Saudi Arabia will host summits of Arab and Islamic nations in coming days to discuss the Israeli-Palestinian conflict, Saudi Arabia's investment minister said on Wednesday. "We will see, this week, in the next few days Saudi Arabia convening an emergency Arab summit in Riyadh," said Saudi investment minister Khalid Al-Falih, at the Bloomberg New Economy Forum in Singapore. "In a few days you will see Saudi Arabia convening an Islamic summit," he said. Falih also said Saudi Arabia would convene a summit with African nations, without specifying a date.

Persons: Investment Khalid Al Falih, Ahmed Yosri, Khalid Al, Ebrahim Raisi, Falih, Tom Westbrook, Maha El, Shri Navaratnam Organizations: Saudi, Investment, Future Investment Initiative, REUTERS, Rights, Bloomberg, Economy, of Islamic, Thomson Locations: Riyadh, Saudi Arabia, Rights SINGAPORE, Saudi, Singapore, of Islamic Cooperation, Iranian, Tehran, China, Maha El Dahan, Dubai

☆ 'Israel's 9/11': Political analysts react to deadly Hamas attack
▼ + stars: | 2023-10-08 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

Children are seen in a destroyed house after Israeli attacks in Gaza City, Gaza on October 07, 2023. Massive attacks by Hamas leadership into Israel… This is no less than Israel's 9/11. 'Massive intelligence failure'The attack also marked a "massive intelligence and defense failure for Israel," Bremmer highlighted, saying it was an oversight stemming from the government's new judicial reforms. From what we see so far … [this] is a Gaza and Israel war. "From what we see so far … [this] is a Gaza and Israel war.

Persons: Mustafa Hassona, Dan Steinbock, Ian Bremmer, Steinbock, Bremmer, Abraham, Fatima Shbair, Benjamin Netanyahu's, It's, Sanam Vakil, Zvi Eckstein, Biden, Ohad, Jalaa Marey, Eckstein Organizations: Anadolu Agency, Hamas, Israel, Eurasia Group, CNBC, NBC News, Palestinian Healthy Ministry, Abraham Accords, Rockets, Chatham House's, Tel Aviv University, Bank of Israel, AFP, Getty Locations: Gaza City, Gaza, Israel, Palestine, UAE, Morocco, Bahrain, Saudi Arabia, U.S, Saudi, East, Iran, Ashkelon, Israeli, Metula, Lebanon, Russia, Ukraine

The Hamas attack left at least 250 dead and 1,500 wounded in Israel. The attack only adds new complications as the Biden administration and Iran are locked in disputes over Tehran’s nuclear program. Biden administration officials have also been working on brokering a normalization of relations between Israel and Saudi Arabia, the most powerful and wealthy Arab state. Biden administration officials pushed back against the argument. Administration officials roundly rejected this, saying their efforts to help Palestinian civilians in Gaza and elsewhere do not involve money that Hamas can use or divert.

Persons: Joe Biden, Biden, Benjamin Netanyahu, “ unconscionable ”, ”, ” Biden, Obama, —, won’t, ” Netanyahu, Israel, Jonathan Schanzer, “, Netanyahu, Schanzer, Donald Trump, Ron DeSantis, Carolina Sen, Tim Scott, Matthew Miller, State Victoria Nuland, Barbara Leaf, Seung Min Kim, Jill Colvin, Thomas Beaumont Organizations: WASHINGTON, GOP, Hamas, Hezbollah, Biden, European, Middle East, White, Trump White, Foundation for Defense of Democracies, Republican, Israel ., Israel . Florida Gov, Department, Foreign Relations, Islamic, State Victoria, Republicans, Administration, Associated Press Locations: Israel, Jerusalem, Gaza, Iran, Saudi Arabia, Saudi, Egypt, Syria, Washington, Israel . Florida, Carolina, U.S, Islamic Republic, Lebanon, New York, Waterloo , Iowa

☆ World reacts to surprise attack by Hamas on Israel
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +7 min

The UK will always support Israel’s right to defend itself," Foreign Minister James Cleverly said in a social media post. URSULA VON DER LEYEN, PRESIDENT OF THE EUROPEAN COMMISSION"I unequivocally condemn the attack carried out by Hamas terrorists against Israel. DUTCH PRIME MINISTER MARK RUTTE"Just spoke with Prime Minister @netanyahu about the unprecedented attack by Hamas on Israel. POLISH FOREIGN MINISTER ZBIGNIEW RAU"I strongly condemn Hamas' ongoing attacks on Israel. AUSTRIAN FOREIGN MINISTER ALEXANDER SCHALLENBERGSchallenberg strongly condemned what he called a "cowardly and underhand" attack on Israel by Hamas.

Persons: Mahmoud Issa, OLAF SCHOLZ, Scholz, EMMANUEL MACRON Macron, Macron, JAMES, James, URSULA VON DER LEYEN, JOSEP BORRELL, Borrell, TAYYIP ERDOGAN, Erdogan, MARK RUTTE, @netanyahu, Rutte, MIKHAIL BOGDANOV, Mikhail Bogdanov, Israel, Israel's, ZBIGNIEW RAU, Rau, PETR PAVEL, Pavel, Benjamin Netanyahu, ALEXANDER SCHALLENBERG Schallenberg, HADJA LAHBIB, Ros Russell, Jan Harvey Organizations: REUTERS, Hamas, Twitter, SAUDI ARABIA'S, OF, AK Party, DUTCH, Hezbollah, Gaza, MINISTRY, Israel, State, SWISS DEPARTMENT OF, BELGIAN, Thomson Locations: Gaza, Israel, Palestinian, Germany, SAUDI, Egypt, TURKISH, Ankara, Netherlands, RUSSIAN, MIKHAIL BOGDANOV Russia, Iran, Lebanese, Ukraine, Jerusalem, Tel Aviv, CZECH, Czech Republic, Czech, AUSTRIAN, Belgium, Greece

☆ Saudi Arabia and the UAE are battling to become the Middle East's economic superpower
▼ + stars: | 2023-09-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +11 min

Saudi Arabia's crown prince is shaking up his economy in a move escalating its UAE rivalry. In March, Saudi Arabia unveiled Riyadh Air , a new airline serving as an alternative to the UAE's Emirates and Etihad Airways. If you want to do business with Saudi Arabia or Saudi state-owned entities, you've got to base your regional HQ in Saudi Arabia." "Saudi Arabia sees the separation project in Yemen as a way to let the Houthis control the north and therefore have a more-threatening border at the south of Saudi Arabia." Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERSHow far the rivalry between the two nations goes largely depends on Saudi Arabia's actions.

Persons: Saudi Arabia's, Mohammed bin Salman, Sheikh Mohamed bin Zayed Al Nahyan, MBZ, Obama, You've, Kristian Ulrichsen, Rice, Sheikh Mohamed, Prince Mohammed, Sheikh Mohamed —, —, Leon Neal, Shaybah, Ulrichsen, Sheikh Zayed, Sultan Al Nahyan, Abu, Prince Mohammed bin Salman, Neom, Abishur Prakash, Jorg Greuel, Abdullah Alaoudh, Prakash, you've, Saudi Crown Prince Mohammed, Ludovic Marin, Mohammed's, Jamal Khashoggi, Biden, Baker Institute's Ulrichsen, Alaoudh, wouldn't Organizations: United Arab Emirates, UAE, Service, Baker Institute, Saudi, UAE —, Qatar, Dubai, United, Freedom Initiative, UAE's Emirates, Etihad Airways, Saudi Public Investment Fund, Newcastle United FC, English Premier League, Manchester City, Saudi Crown, Getty, Ritz Carlton, Saudi Royal Court, REUTERS, Saudi Aramco, United Nations Locations: Saudi, Wall, Silicon, Saudi Arabia, East, Washington, London, UAE, Persian, Al Ain, British, Qatar, Abu Dhabi, United Arab, Riyadh, Manchester City . Saudi Arabia, New Delhi, Istanbul, Yemen, Iran, Saudi Arabia's, Bandar, Ukraine

☆ Major Gulf markets little changed ahead of Fed decision
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Christopher Pike Acquire Licensing RightsSept 20 (Reuters) - Major stock markets in the Gulf were little changed in early trade on Wednesday ahead of the U.S. Federal Reserve's interest rate decision. Investors are awaiting a raft of central bank interest rate decisions this week to assess the outlook for economic growth and fuel demand. The U.S. central bank is widely expected to keep interest rates on hold, but the focus will be on its projected policy path. The six-member Gulf Cooperation Council's monetary policy is usually guided by the Fed's decision as most regional currencies are pegged to the U.S. dollar. The Qatari benchmark (.QSI) rose 0.1%, helped by a 0.7% rise in the Gulf's biggest lender Qatar National Bank (QNBK.QA).

Persons: Joe Biden, Christopher Pike, Ateeq, Sohini Goswami Organizations: Dubai Financial, U.S, United Arab Emirates, REUTERS, Gulf Cooperation, U.S ., Development, Saudi Aramco, Qatar National Bank, Thomson Locations: Dubai, United Arab, U.S . Federal, U.S, Saudi, Dar Al Arkan, Yemen, Riyadh, Abu Dhabi, Ateeq Shariff, Bengaluru

☆ First Saudi ambassador arrives in Tehran after rapprochement
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

A view of the flags of Iran and Saudi Arabia before the meeting between Iranian Foreign Minister Hossein Amir-Abdollahian and Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al Saud, in Tehran, Iran June 17, 2023. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS/File Photo Acquire Licensing RightsCAIRO, Sept 5 (Reuters) - Saudi Arabia's first ambassador to Iran since the resumption of diplomatic relations arrived in Tehran on Tuesday to start his new mission there, the Saudi state news agency said. The agency quoted Ambassador Abdullah bin Saud al-Anzi as saying the Saudi leadership stresses the importance of strengthening relations with Iran with more communication and meetings between the two countries. Last March, China brokered a rapprochement between Riyadh and Tehran, leading to a resumption of full diplomatic relations. Saudi Arabia broke off relations in 2016 when protesters attacked its embassy in Tehran over Riyadh's execution of a prominent Shi'ite cleric.

Persons: Hossein Amir, Prince Faisal bin Farhan Al Saud, Majid Asgaripour, Abdullah bin Saud, Omar Abdel, Jonathan Oatis Organizations: Iranian, Saudi Arabia's Foreign, West Asia News Agency, REUTERS, Rights, Saudi Arabia's, Thomson Locations: Iran, Saudi Arabia, Saudi, Tehran, Rights CAIRO, China, Riyadh

☆ 'Things will just have to be accepted as tense': Saudi-Iran relations have a long way to go despite rapprochement efforts
▼ + stars: | 2023-06-21 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Saudi Arabia's foreign minister made a high-profile visit to Tehran over the weekend, drawing coverage and praise about the improvement in relations between Iran and Saudi Arabia, two longtime foes. His Iranian counterpart Hossein Amirabdollahian praised the re-establishment of diplomatic ties, saying it would improve security for the region. The meeting was the result of Iran and Saudi Arabia agreeing to resume diplomatic relations and reopen embassies in each other's countries after China-led negotiations in Beijing in March. The Iranian hosts complied with the minister's request for a change of venue in order to avert a diplomatic incident, regional outlets reported. What exists is a fragile agreement that can only be made stronger with time, consistency and trust building."

Persons: Prince Faisal bin Farhan Al Saud, Hossein Amirabdollahian, Qasem Soleimani, Sanam Vakil Organizations: Mutual, United Nations, Saudi, Chatham House Locations: Saudi, Tehran, Iran, Saudi Arabia, China, Beijing, East, North Africa

☆ Saudi foreign minister arrives in Tehran amid rapprochement -Iran TV
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +1 min

June 17 (Reuters) - Saudi Arabia's Foreign Minister Prince Faisal bin Farhan arrived in Iran on Saturday amid a rapprochement between the two Middle East arch-foes, Iranian state TV said. The kingdom broke ties with Iran in 2016 after protesters attacked the Saudi embassy in Tehran in retaliation for Riyadh's execution of a prominent Shiite cleric. Iran has recently been trying to mend its strained ties with several Gulf Arab states. Saudi Arabia’s rapprochement with Iran has left Israel largely alone as it has sought to isolate Iran diplomatically. The United Arab Emirates, which was the first Gulf Arab country to sign a normalisation agreement with Israel in 2020, resumed formal relations with Iran last year.

Persons: Prince Faisal bin Farhan, Bin Farhan, Ebrahim Raisi, Hossein Amirabdollahian, Mark Heinrich, Louise Heavens Organizations: Saudi Arabia's Foreign, United, United Arab Emirates, Israel, Thomson Locations: Saudi, Iran, Saudi Arabia, China, Yemen, Syria, Lebanon, Tehran, Israel, United Arab, Arab, Bahrain, Morocco, UAE

☆ Russia's foreign minister accuses the West of 'financial blackmail' as BRICS eye adding Saudi Arabia, Iran to economic bloc
▼ + stars: | 2023-06-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Russia's foreign minister slammed the West for its use of "financial blackmail." Saudi Arabia and Iran have requested joining the BRICS economic bloc, South Africa said. Meanwhile, South Africa's ambassador to BRICS also discussed potentially adding Saudi Arabia and Iran to the bloc of developing countries, as both outsider nations have officially requested membership. Lavrov held talks with Saudi Arabia's foreign minister on the sidelines of the BRICS meeting on Thursday, according to the AP. It's also shifted oil exports to China and India at steep discounts after the European Union banned Russian crude imports.

Persons: —, Sergey Lavrov, BRICS, Lavrov, It's Organizations: Service, South Africa —, AP, Saudi, European Union, Carnegie Russia Eurasia Center Locations: Russia, Ukraine, Saudi Arabia, Iran, South Africa, Brazil, India, China, South, Moscow

[1/3] A man walks while smoke rises above buildings after aerial bombardment, during clashes between the paramilitary Rapid Support Forces and the army in Khartoum North, Sudan, May 1, 2023. Riyadh and Washington earlier welcomed the "pre-negotiation talks" between the army and the RSF, and urged them to actively engage following numerous violated ceasefires. But both sides have made it clear they would only discuss a humanitarian truce, not negotiate an end to the war. Turkey's foreign minister said Turkey would move its embassy from Khartoum to Port Sudan following the attack. White House national security adviser Jake Sullivan was travelling to Saudi Arabia at the weekend for talks with Saudi leaders.

[1/3] Smoke rises above buildings after an aerial bombardment, during clashes between the paramilitary Rapid Support Forces and the army in Khartoum North, Sudan, May 1, 2023. "It's been four days without electricity and our situation is difficult," said 48-year-old Othman Hassan from the southern outskirts of the city. Despite multiple ceasefire declarations, the army and the paramilitary Rapid Support Forces (RSF) appeared to be fighting for territory ahead of proposed talks. The army and RSF, which had shared power after a coup in 2021, have accused each other of breaching a string of truces. The U.N. has pressed the warring sides to guarantee safe passage of aid after six of its trucks were looted.

☆ Arab states need new approach towards Syria, says Saudi foreign minister
▼ + stars: | 2023-02-19 | by ( ) www.reuters.com time to read: +2 min

Prince Faisal bin Farhan Al Saud's remarks at a Munich security forum on Saturday mark a shift from the early years of Syria's 12-year civil war when several Arab states including Saudi Arabia backed rebels that fought Bashar al-Assad. "You will see not just among the GCC (Gulf Cooperation Council) but in the Arab world there is a consensus growing that the status quo is not workable," he said. Shunned by the West, Assad has been basking in an outpouring of support from Arab states that have normalised ties with him in recent years, notably the United Arab Emirates which aims for Arab influence in Syria to counter that of Iran. Assad has recovered control of most of Syria with support from Russia along with Iran and Iranian-backed Sh'ite Muslim groups such as Lebanon's Hezbollah. The UAE has been pressing for re-engagement with Damascus, despite opposition from the United States which has imposed sanctions on Syria that remain a complicating factor.

☆ Saudi Arabia was right to defy Biden over oil production, minister says, cementing a power play that seems to have paid off
▼ + stars: | 2023-01-19 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

Saudi Arabia's foreign minister said at Davos the country was right to cut oil production. Foreign Minister Prince Faisal bin Farhan made the comment at the Davos economic summit in Switzerland on Wednesday. He addressed the diplomatic spat that erupted with the US last October after the Saudis announced alongside Russia that they would cut oil production. Analysts say that one of the reasons that Biden didn't follow through on threats to retaliate against Saudi Arabia over the cut was that oil prices did not spike, as some had expected. Oil prices overall have been volatile in recent months, driven by events such as Russia's invasion of Ukraine and China's COVID-19 lockdowns.

☆ Saudi foreign minister: 'All bets off' if Iran gets nuclear weapon
▼ + stars: | 2022-12-11 | by ( ) www.reuters.com time to read: +2 min

DUBAI, Dec 11 (Reuters) - Saudi Arabia's foreign minister said on Sunday that Iran's Gulf Arab neighbours would act to shore up their security if Tehran were to obtain nuclear weapons. Indirect U.S.-Iranian talks to salvage a 2015 nuclear pact between global powers and Iran, which Washington exited in 2018, stalled in September. "If Iran gets an operational nuclear weapon, all bets are off," Prince Faisal bin Farhan Al Saud said in an on-stage interview at the World Policy Conference in Abu Dhabi when asked about such a scenario. "The signs right now are not very positive unfortunately," Prince Faisal said. "We hear from the Iranians that they have no interest in a nuclear weapons programme, it would be very comforting to be able to believe that.

☆ Saudi Arabia wants ties with both China and U.S., says foreign minister
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: 1 min

RIYADH, Dec 9 (Reuters) - Saudi Arabia's foreign minister said on Thursday after a China-Arab summit hosted by Riyadh that the kingdom wants to cooperate with both the United States and China - economic rivals - and that while competition was good, polarisation was not. Prince Faisal bin Farhan Al Saud, asked in a news conference about Washington's denial of Saudi mediation efforts in a Russia-U.S. prisoner swap - said he was aware of Crown Prince Mohammed bin Salman's "personal mediation efforts" to release U.S. basketball star Brittney Griner. Reporting by Maha El Dahan and Aziz El Yaakoubi; Editing by Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Biden escalates feud with Saudi Arabia, warning of 'consequences' for cutting oil production in coordination with Russia
▼ + stars: | 2022-10-12 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Biden made an nonspecific threat to Saudi Arabia after its decision to cut oil output. The OPEC+ group includes Saudi Arabia and Russia — the two biggest oil producers after the US itself — as well as numerous other oil-producing countries. Biden spoke warned Saudi Arabia in an interview with CNN on Tuesday: "There's going to be some consequences for what they've done, with Russia." US officials warned Saudi Arabia that it would be seen as taking Russia's side if OPEC+ cut its production, but Saudi Arabia dismissed the warnings and proceeded, The Wall Street Journal reported. Biden's hardened stance on Saudi Arabia is a big shift from his repeated engagement with the Kingdom and Crown Prince Mohammed bin Salman.

☆ U.S. is ‘not going anywhere,’ Middle East envoy says, as China’s Xi expected to visit Saudi Arabia
▼ + stars: | 2022-08-12 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

watch nowU.S. President Joe Biden's administration on Friday disputed claims that a forthcoming visit by Chinese President Xi Jinping to Saudi Arabia signals America's waning influence in the Middle East, insisting that the U.S. is "not going anywhere." Reports emerged Thursday that Xi is to arrive in Saudi Arabia next week for a meeting with Crown Prince Mohammed bin Salman — the Chinese premier's first official foreign visit since 2020 — as Beijing and Riyadh seek to consolidate ties. US President Joe Biden being welcomed by Saudi Arabian Crown Prince Mohammed bin Salman at Alsalam Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. "The United States is a vital partner to not only Saudi Arabia but each of the countries in the region," he said. That included convincing Saudi Arabia to extend and strengthen a U.N.-mediated truce and engaging in talks to end the war.

Search resuls for: "Saudi Arabia's Foreign"

21 mentions found