Egypt’s Natural Gas Imports Drop to Zero from 800 mcfd

Egypt’s Natural Gas Imports Drop to Zero from 800 mcfd

Saudi Finance Minister Mohammed al-Jadaan has signed a Memorandum of Understanding (MoU) with Türkiye's Minister of Finance and Treasury Mehmet Simsek to enhance cooperation in the fiscal field.

The MoU was signed on Thursday on the sidelines of the Future Investment Initiative Forum (FII) in Riyadh.

It focuses on solidifying bilateral relations and enhancing cooperation in the financial sector development and public finance through encouraging opportunities and exchanging expertise in related topics.

Jadaan said the MoU reflects the strong historical relations between Saudi Arabia and Türkiye, noting the opportunities to strengthen bilateral economic ties and develop more effective partnerships.

For his part, Simsek confirmed that he witnessed "fruitful discussions" with investors in Riyadh, indicating the deal covers climate change related to fiscal policies, public-private partnerships, national fiscal policies, strengthening bilateral relations, and improving international coordination and cooperation.

Earlier, the Turkish minister met with Saudi Investment Minister Khalid al-Falih and discussed with him potential investment opportunities between the two countries.

Last July, Türkiye and Saudi Arabia signed agreements in direct investment, defense industries, energy, defense, and communications as part of Turkish President Recep Tayyip Erdogan's visit to Saudi Arabia.

Meanwhile, Türkiye's Central Bank raised the one-week policy repo rate, adopted as a basic benchmark for interest rates, by