Business

15 September 2023; MEMO: US Secretary of State Anthony Blinken yesterday revealed that Saudi Arabia has made it clear to the United States that issues related to the Palestinians will be an essential part of any future agreement with Israel.

“It is also clear from what we hear from the Saudis that if this process is to move forward, the Palestinian piece is going to be very important too,” Blinken said, adding, “Normalisation cannot come at the expense of the Palestinian cause.”

15 September 2023; MEMO: The Biden administration, on Thursday, imposed sanctions on five Turkish companies and a Turkish national, accusing them of helping Russia evade sanctions and supporting Moscow in its war against Ukraine, Reuters reports.

According to the report, the companies are accused of helping repair sanctioned vessels tied to Russia’s Defence Ministry and helping the transfer of “dual-use goods”.

16 September 2023; MEMO: The International Monetary Fund (IMF) has urged that Israel lift its restrictions on the Palestinian economy and occupied territories to give way for improving investment opportunities.

12 September 2023; MEMO: Fifteen Democratic senators are urging the Biden administration to refrain from including Israel in the US Visa Waiver Program due to its failure to provide equal treatment to Palestinian-Americans seeking entry into the nation.

12 September 2023; MEMO: Saudi Arabia’s Crown Prince Mohammed Bin Salman and Indian Prime Minister Narendra Modi agreed on Monday to expand trade and security ties between the two nations, Anadolu news agency has reported.

12 September 2023; MEMO: Turkiye’s President Recep Tayyip Erdogan said yesterday that plans announced by India, Saudi Arabia and the EU to create a trade corridor that would link South Asia to Europe and bypass Turkiye “will not work”.

Speaking to reporters upon his return from the G20 summit in India, Erdogan stressed that the most suitable traffic line from east to west is the line crossing from Turkiye.

12 September 2023; MEMO: Russia is working to implement visa-free travel for citizens of Kuwait, the Sultanate of Oman, Bahrain, Saudi Arabia and Malaysia, the Minister of Economic Development, Maxim Reshetnikov, said.

05 September 2023; MEMO: The United Arab Emirates (UAE), on Tuesday, pledged a staggering $4.5 billion in investments to boost clean energy projects in Africa, Anadolu Agency reports.

05 September 2023; MEMO: Saudi Arabia’s first Ambassador to Iran since resumption of diplomatic relations arrived in Tehran to assume official duties, the Saudi Foreign Ministry said on Tuesday, Anadolu Agency reports.

“The Kingdom and Iran are neighbours and possess many economic components, natural resources and advantages that contribute to enhancing aspects of development, prosperity, stability and security in the region,” Ambassador Abdullah Al-Anzi said.

07 September 2023; MEMO: Saudi Arabia will extend its voluntary oil production cut of one million barrels per day (bpd) until the end of the year, the kingdom’s energy ministry announced yesterday.

The ministry said in a statement that oil production from October to December will be approximately nine million (bpd).