britain says it will help saudi arabia to reform economy
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Britain says it will help Saudi Arabia to reform economy

Egypt Today, egypt today

Egypt Today, egypt today Britain says it will help Saudi Arabia to reform economy

British prime minister Theresa May
Riyadh - Arab Today

Britain on Wednesday said it would help Saudi Arabia to diversify its oil-dependent economy as British prime minister Theresa May visited the kingdom.
Mrs May and King Salman held talks focused on "bilateral relations and cooperation" as well as "regional and international developments", the official news agency SPA said.
Mrs May’s office said she would discuss with the monarch "tax and privatisation standards to help Saudi Arabia diversify its economy and become less reliant on oil".
Saudi Arabia faces a significant budget deficit with billions of dollars in debts to private firms, largely in the construction business, after a drop in global oil prices by about half since 2014.
Britain will also assist Riyadh in reforming its ministry of defence and reviewing defence capabilities.
The visit by the British prime minister to the oil-rich kingdom came as she seeks to secure investment and trade now that Britain has officially started a two-year countdown to leave the European Union.
As the kingdom weighs up which international market should list shares of oil giant Saudi Aramco in what many expect will be the largest public offering ever, Mrs May pitched the merits of the London Stock Exchange as a venue for the flotation.
Saudi Arabia plans to list less than 5 per cent of the world’s largest oil-producing company on the Saudi exchange and another international exchange, possibly by next year.
Mrs May laid out the advantages of doing business in the UK. during a private meeting with Saudi energy minister and Aramco chairman Khalid Al Falih.
She also met King Salman on the second day of her two-day visit and discussed the humanitarian crisis in neighbouring Yemen.
Back home, the prime minister has come under harsh criticism for her visit to the ultra-conservative kingdom.
She has faced calls to raise human rights issues with the kingdom’s leaders, primarily over Britain’s arms sales to a Saudi-led military coalition battling Iran-backed rebels in Yemen since March 2015. Human rights groups have called for an end to US and British arms sales to Riyadh over the coalition’s involvement in the war in Yemen, but the Stockholm International Peace Research Institute think tank says Saudi Arabia has bought more than $5 billion (4.7 billion euros) worth of arms from the United States and Britain since its engagement in the Yemen war.
More than 7,700 people have been killed in Yemen since March 2015, the United Nations says, and seven million Yemenis face starvation this year.
As part of its economic diversification strategy, Saudi Arabia has announced plans to increase women’s participation in the workforce from 22 to 28 per cent by 2020.
On Tuesday, the UK prime minister met Sarah Al Suhaimi, the first woman to head the Saudi stock exchange and a Saudi investment bank, and Princess Reema bint Bandar, head of the women’s section at the general authority for sports.

Source: The National

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

britain says it will help saudi arabia to reform economy britain says it will help saudi arabia to reform economy



GMT 09:51 2016 Tuesday ,29 March

Back to drawing board for new father Murray

GMT 09:17 2017 Monday ,13 February

RAK police seek help to locate missing girl

GMT 21:52 2011 Monday ,08 August

Leverkusen\'s Giefer hospitalised

GMT 23:05 2017 Wednesday ,25 January

Millions travel for China’s Lunar New Year festival

GMT 23:06 2017 Tuesday ,24 January

Pakistan military tests nuclear-capable missile

GMT 11:34 2017 Tuesday ,14 February

Artist makes NY fashion week debut on a bus

GMT 14:35 2018 Monday ,22 January

Azza Fahmy Jewellery announces UK store launch

GMT 07:41 2014 Wednesday ,19 March

Nail brand The Lacquer Lab launches

GMT 15:19 2011 Tuesday ,02 August

Orwellian Barton forced to train alone by Newcastle

GMT 12:25 2016 Wednesday ,14 December

Evaluation of Participating Companies Goes in Full Swing

GMT 13:37 2017 Monday ,25 December

Abducted Yemenis kept in chains in Houthi jails

GMT 20:05 2011 Wednesday ,20 July

Maid repatriated after 3-year ordeal

GMT 01:09 2012 Wednesday ,15 February

Elegant Patch Sofa

GMT 09:45 2016 Friday ,25 November

In French missionary retirement home

GMT 06:06 2011 Monday ,12 December

Homemade Pet treats maker

GMT 04:41 2017 Monday ,09 January

Emirates Youth Council holds first meeting of 2017

GMT 08:09 2014 Thursday ,05 June

Opel outlines growth plan until 2022

GMT 11:27 2017 Thursday ,21 December

Dollar exchange stable at Egypt's major banks

GMT 08:48 2017 Sunday ,29 October

Spain seizes control of 'independent' Catalonia

GMT 17:27 2017 Monday ,13 November

EU's Mogherini urges 'no external interference'

GMT 07:29 2017 Tuesday ,19 December

Helmy el-Namnam hails Sharjah Ruler's support

GMT 13:49 2017 Wednesday ,29 November

ARIES (March21st-April20th)
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday