Saudi Arabia, Turkey have identical views on regional conflicts

February 15, 2017

Riyadh, Feb 15: Ties between the Kingdom and Turkey are set to scale new heights as their interests align on key regional issues following talks between King Salman and Turkish President Recep Tayyip Erdogan here Tuesday.

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The summit at Al-Yamamah Palace also focused on bilateral subjects covering political, security and commercial fields.

The talks ahead of the UN-sponsored Syria peace dialogue, have added significance in terms of efforts that have been directed to reach a political solution to the conflict in Syria.

“King Salman and Erdogan expressed satisfaction over the outcome of the first Turkish-Saudi Coordination Council meeting,” Turkish Ambassador Yunus Demirer told Arab News.

Demirer said the two leaders discussed key regional issues like Syria, Yemen, Libya and Iran besides bilateral security cooperation and terrorism.

President Erdogan had separate meetings with Crown Prince Mohammed bin Naif on Monday.

The Turkish president also held talks with Deputy Crown Prince Mohammed bin Salman on Tuesday in which they shared concerns and interests regarding developments in the region.

Demirer said the two leaders expressed “their desire to move forward” … and discussed security, combating terrorism, Syria, Iraq and Yemen.

Demirer added that the two leaders exchanged views on the most pressing issues on the regional and international agenda.

“There were no differences in our views,” said the envoy adding that the meeting with the crown prince focused “on combating terrorism and cooperation on security issues.”

He said it was a very successful visit to move forward after the Turkish-Saudi Coordination Council meeting. “The summit meeting was in way approval of the results of the joint council meeting by both heads of state,” he noted.

Last week the first meeting of the council, co-chaired by Foreign Minister Adel Al-Jubeir and his Turkish counterpart Mevlut Cavusoglu, took place in Ankara.

Syria was a focus point for the president during his meetings with top Saudi officials. On Monday in Manama, Erdogan called for a “safe zone” in northern Syria. The positions of Saudi Arabia and Turkey are “absolutely identical” on Syria, Al-Jubeir said last week in Ankara, after the joint council meeting.

On the sidelines of the visit, a few ministerial bilateral meetings were held. Al-Jubeir met here Monday night with Turkish Foreign Minister Cavusoglu, who is traveling with the Turkish president.

During the meeting, they reviewed bilateral relations and work of the first session of the Saudi-Turkish Coordination. The meeting was attended by Saudi ambassador to Turkey Waleed Al-Khuraiji.

Erdogan wrapped up his two-day visit to the Kingdom on Tuesday evening and left for Qatar. Qatar hosts a Turkish military base.

Representatives of the two countries signed an agreement in the field of housing issues.

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Wednesday, 15 Feb 2017

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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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Agencies
July 22,2020

Riyadh, Jul 22: Saudi King Salman held a cabinet meeting via video call from hospital in the capital Riyadh on Tuesday, a day after the 84-year-old monarch was admitted with inflammation of the gall bladder.

Three Saudi sources said the king was in stable condition.

A video of the king chairing the meeting was broadcast on Saudi state TV on Tuesday evening. In the video, which has no sound, King Salman can be seen behind a desk, wordlessly reading and leafing through documents.

The king, who has ruled the world’s largest oil exporter and close US ally since 2015, was undergoing medical checks, state media on Monday cited a Royal Court statement as saying.

Three well-connnected Saudi sources who declined to be identified, two of whom were speaking late on Monday and one on Tuesday, said the king was “fine”.

An official in the region, who requested anonymity, said he spoke to one of King Salman’s sons on Monday who seemed “calm” and that there was no sense of panic about the monarch’s health.

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News Network
April 21,2020

Dubai, Apr 21: Saudi Arabia reported 1122 new cases of coronavirus, bringing the total number of infections in the country to 10,484, the Ministry of Health announced on Monday (April 20).

Ministry of health announced 27% of the cases are for Saudis, while 73% for non-Saudis, and ages ranged from one month old baby to 96 years old.

Meanwhile, the ministry reported 92 recoveries today, with total recoveries in the kingdom at 1,490. There are 96 cases in intensive care.

The ministry also confirmed 6 deaths on Monday, bringing the total number of deaths in the kingdom to 103.

The Saudi health minister on Monday announced that 47 billion riyals were approved by the goverment to support the health ministry in this pandemic.

Also the minister in a press confrence referred to the large numbers of cases revealed in past days saying, "During the past three days, everyone noticed an increase in the number of people infected with the coronavirus, due to the active testing of areas."

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