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Saudi Crown Prince is to arrive today at Pakistan amid India tensions

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Crown Prince Mohammed Bin Salman is expected to arrive today in Pakistan as a part of his tour of South Asia and China, his visit comes post the escalating tensions between nuclear-armed rivals India and Pakistan.

Earlier, a suicide bomber killed 44 Indian paramilitary police in the Kashmir region, and New Delhi is accusing Pakistan of having a hand in such a horrific incident. Thus threatening to get back at Islamabad, which denies any involvement.

Now Pakistan is eager to have the Crown Prince and is welcoming him with open arms; as it is expected of him to sign investment agreements that worth over the $10 billion.

Analysts say that the crown prince trip to Pakistan is considered by Islamabad as their biggest state visit ever, since the visit of Chinese President Xi Jinping back in 2015.

In the recent months, Saudi Arabia has been helping in keeping Pakistan’s economy afloat by sustaining its declining foreign exchange reserved with a $6 billion loan; thus giving them some room until they negotiates a bailout with the International Monetary Fund.

In light of recent events, Pakistan has tightened up the security as the crown prince is expected to stay at the prime minister’s residence. As later today, Bin Salman will meet with Pakistani Prime Minister Imran Khan and Army Chief Qamar Jawed Bajwa.

The crown price is also likely to discuss peace negotiations in an attempt to end the civil war in Afghanistan.

 

 

 

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The Kingdom Ranked Among ’10 Global Business Climate Improvers’

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The Kingdom has been ranked among other countries in this year’s top 10 global business climate improvers, according to the World Bank Group’s Doing Business 2020 study

Saudi Arabia has succeeded in landing a spot thanks to the several reforms that have been implemented in eight Doing Business areas, the country has been ranked the 62nd globally with an overall score of 71.6 out of 100, it has successfully climbed 30 places.

“Saudi Arabia’s impressive reforms in doing business this year show its commitment to fulfilling a main pillar of its National Vision 2030: A thriving economy,” said Issam Abousleiman, World Bank regional director of the Gulf Cooperation Council (GCC).

“Easing the business climate for local entrepreneurs to thrive as well as foreign investors to work in the Kingdom shows a forward path to creating more jobs for Saudi youth and women, and creating sustainable, inclusive growth.” He added.

Saudi Arabia has indeed thrived this year in the field of starting a business, it now only costs 5.4% of income per capital for an entrepreneur to start their own business, which is lower than the cost in other North African and Middle Eastern countries.

 

 

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Princess Reema bint Bandar Meets With US Treasury Chief Steven Mnuchin

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Saudi ambassador Princess Reema bint Bandar met earlier with US Treasury Secretary Steven Mnuchin where the two of them got to discuss opportunities to further enhance the relationship between the two countries.

The Saudi Arabian embassy in the US said in a tweet that the two senior officials explored “ways to strengthen Saudi Arabia’s close partnership with the United States on countering the financing of terrorism, as well as US support for the Kingdom’s economic reforms.”

Princess Reema assumed her new office earlier this month, and has since met with the political figures of the US in the attempt of strengthening the relationship between the two countries.

She presented her credentials in the presence of US President Donald Trump as the Kingdom’s top diplomat in Washington.

 

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Princess Reema Bint Bandar Meets Donald Trump At The White House

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Saudi Arabia’s ambassador to the United States, Princess Reema bint Bandar, has met with President Donald Trump to present her credentials as the Kingdom’s top diplomat in Washington.

“HRH stated that the Saudi-U.S. partnership is essential to the interests of both countries and expressed confidence that the two countries are capable of overcoming any challenges at the regional or global levels,” the embassy said.

The 44-year-old diplomat expressed her enthusiasm on social media, writing, “Looking forward to starting this chapter of my life in Washington DC.”

“Presented credentials today at the White House,” she wrote on Twitter. “Conveyed the well wishes of Kingdom’s Leadership. Looking forward to working on strengthening and solidifying the historic Saudi – U.S partnership.”

Princess Reema Bint Bandar became the 11th Saudi diplomatic representing the Kingdom to Washington since 1945, marking an opening for more women to participate and take roles in government positions.

 

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