Emblazoned with an image of the kingdom's ancient Diriyah fort near the Saudi capital, it reads: "Welcome to Arabia. A Journey You've Never Imagined".
The Saudi money will help Pakistan shore up its foreign reserves, which have been shrinking.
Saudi Arabia has agreed to provide USD 4.2 billion worth of assistance to cash-strapped Pakistan to support its economy, it emerged on Wednesday after Prime Minister Imran Khan held talks with Saudi Crown Prince Mohammad bin Salman in Riyadh this week. Information Minister Fawad Chaudhry took to Twitter to announce the assistance which came just two days after Khan paid a three-day visit to the Gulf kingdom. Saudi Arabia's announcement supports Pakistan with 3 billion US dollars as deposit in Pakistan central bank and also financing refined petroleum products with 1.2 billion US dollars during the year, he said in a tweet. Prime Minister Khan thanked Crown Prince Salman for the generous aid when Pakistan's economy was facing difficulties. I want to thank HRH Prince Mohammad bin Salman for supporting Pak with $3 bn as deposit in Pak's central bank & financing refined petroleum product with $1.2 bn. KSA has always been there for Pak in our difficult times incl now when world ...
Saudi Arabia has said it is depositing $3 billion in Pakistan's central bank
The size of the fund hasn't been determined yet, but it will be backed entirely by the National Development Fund, a Saudi government entity chaired by Crown Prince Mohammed Bin Salman
A former senior Saudi security official who helped oversee joint US counterterrorism efforts made the claims in an interview
A large portion of gas from the $110 billion Jafurah development will be used for blue hydrogen, according to Energy Minister Abdulaziz bin Salman
Saudi Arabia's crown prince said the world's top oil exporter aims to reach "net zero" emissions of greenhouse gases
The announcement was made by Crown Prince Mohammed bin Salman in brief scripted remarks at the start of the kingdom's first-ever Saudi Green Initiative Forum
India will be anchoring the international meeting, which will be attended by representatives from the world's largest oil producer, Saudi Arabia and Opec
Eighteen months after slashing crude production during the pandemic, Riyadh is set to pump at almost pre-Covid levels of 9.8 million barrels a day this month
Saudi Gazette has lauded India's industrial sector, especially the 'Make in India' initiative which promotes manufacturing in India and has been a pushing factor for the country's economic growth.
They covered a range of bilateral and regional issues including developments in Afghanistan
All but four of the 19 hijackers on 9/11 were Saudi citizens
Oil held steady with Saudi Arabia's cut in crude prices for Asian buyers raising the prospect of fierce competition among sellers
Brent crude futures for November fell 66 cents, or 0.91%, to $71.95 per barrel by 0930 GMT.
State producer Saudi Aramco is rolling back pricing on all of its grades to its biggest market in Asia.
A Saudi opponent has spoken of the alleged role of Crown Prince Mohammad Bin Salman in supporting the ISIL elements during the August 26 Kabul airport attack, Iran's Mehr News reported
Few countries have imposed restrictions as tight as those in Saudi Arabia, where refusal to vaccinate can block shoppers from grocery stores
The data, which showed the economy growing 1.5% from a year ago, prompted economists to expect faster expansion in the second half of the year with the oil sector benefiting from higher output.