A shipping firm says an explosion on a tanker off Saudi Arabia’s Jiddah port was caused by the ship being “hit from an external source.”.
China Gives Pakistan $1.5 Billion Loan to Repay Saudi Arabia Debt
China again bailed out its friend Pakistan by agreeing to provide USD 1.5 billion financing line to repay the USD 2 billion debt to Saudi Arabia, sources told Express Tribune. Pakistan was set to …
China again bails out Pakistan to repay Saudi loans
China has again bailed out Pakistan as it has agreed to provide USD 15 billion financing line to repay the USD 2 billion Saudi Arabia debt sources told Expres …
Saudi Business Climate at 10-Month High; Egypt Growth Slows
Business activity in Saudi Arabia grew at the fastest pace since the beginning of the year, fueled by a sharp rise in sales and strengthening sentiment.
China once against bailed out Pakistan as it provides $2 billion to pay off Saudi debt
China has again bailed out Pakistan as it agrees to immediately provide $1.5 billion financing line to repay the $2 billion Saudi Arabia …
Pakistan takes $1.5 billion loan from China to repay debt to Saudi Arabia
According to sources, China this time has not given the $1.5 billion loan from its State Administration of Foreign Exchange, commonly known as SAFE deposits, nor has it extended a commercial loan.
China bails out Pakistan, sanctions $1.5 billion loan for Saudi Arabia debt: Report
China has sanctioned a $1.5 billion finance line to Pakistan for the country to repay a $2 billion debt owed to Saudi Arabia – half of which is due this Monday (December 14).Pakistan will use the …
Saudi Arabia pulls out of hosting Spanish Super Cup – report
This season’s Spanish Super Cup will be played in the region of Andalusia and not in Saudi Arabia in January due to the coronavirus pandemic, El Pais newspaper reported on Saturday. The Spanish …
COVID-19 shots will be free, declares Bahrain
Bahrain has announced plans to give the public free coronavirus vaccines, as Saudi Arabia said it approved an inoculation by Pfizer and its German partner BioNTech to fight the pandemic. The island …
Is Pakistan edging closer to formal recognition of Israel?
Pakistan has begun to take steps toward ending a decades-old diplomatic impasse with Israel, closely coordinating with its key ally, Saudi Arabia, on the matter while settling on an unstated position …