Saudi Arabia signed a memorandum of understanding (MOU) with China on 27 March 2024 to strengthen cultural cooperation. The agreement aims to boost collaboration in several cultural areas, such as museums; theatre and performing arts; architecture and design arts; visual arts; cultural heritage; tra...
TheSaudi Central Bank(SAMA) has signed a three‑year local currency swap agreement with thePeople’s Bank of China(PBOC), according to announcements on 20 November 2023. The deal aims to deepen financial cooperation, promote the use of local currencies, and boost trade and investment between ...
China is the largest importer of crude oil from Saudi Arabia.More and more countries now prefer to use local currencies to settle foreign trade deals to reduce their reliance on the US dollar, said Xi. Saudi Arabia's pioneering move may play a vital role in boosting the yuan's use among...
World Insights: China's peace efforts widely hailed as world welcomes Saudi-Iran deal BEIJING, March 12 (Xinhua) -- The announcement to restore diplomatic relations between Iran and Saudi Arabia, made on Friday in a joint statement with China, has been widely welcomed around the globe as a ...
Dubai, United Arab Emirates— Iran and Saudi Arabia on Friday agreed to reestablish diplomatic relations and reopen embassies after years of tensions between the two countries, including a devastatingattack on the heart of the kingdom's oil productionattributed to Tehran. The deal, struck in Beiji...
Rakesh Upadhyay
Saudi Arabia is confident about future cooperation with China and will continue to give full play to the role of the high-level joint committee to enhance bilateral cooperation, said the king. He also called on the two sides to deal with the threats of terrorism and extremist forces, to safe...
Saudi Arabia and China signed investment agreements totaling over US$10 billion on Sunday, covering technology, renewable energy and healthcare, among others. The deal between Human Horizons and MISA accounted for more than half of the total investment. ...
BEIJING, March 13 (Xinhua) -- Saudi Arabia and Iran have agreed to restore diplomatic relations and reopen their embassies and missions within two months after China-mediated talks in Beijing last week. Observers said the surprise deal sets a good example for how countries in the region can re...