Saudi-Indonesian Roundtable Discusses Boosting Investment Partnership 

Saudi Minister of Investment Khalid al-Falih at the roundtable meeting. (SPA) 
Saudi Minister of Investment Khalid al-Falih at the roundtable meeting. (SPA) 
TT

Saudi-Indonesian Roundtable Discusses Boosting Investment Partnership 

Saudi Minister of Investment Khalid al-Falih at the roundtable meeting. (SPA) 
Saudi Minister of Investment Khalid al-Falih at the roundtable meeting. (SPA) 

Saudi and Indonesian officials held a roundtable meeting in Riyadh in the presence of Minister of Investment Khalid al-Falih and Indonesian Trade Minister Zulkifli Hasan, along with distinguished officials from both countries and significant private-sector representatives.

They discussed various aspects of investment partnerships in fields such as energy, healthcare, food, agriculture, human resources, and education.

They explored ways to strengthen and increase investments by leading Saudi and Indonesian companies in both nations.

The meeting reviewed investment opportunities in Saudi Arabia and Indonesia and ways to enhance economic and investment ties, foster quality investments, and enable the private sector to benefit from investment opportunities.

Furthermore, the meeting witnessed the signing of memoranda of understanding (MoU) in the human-resources sector.

The MoU aims to strengthen strategic cooperation and promote awareness, labor culture, training programs, knowledge exchange, and providing technical consultations through seminars and conferences that can be held in both countries.

On Wednesday, Indonesian President Joko Widodo and an accompanying delegation arrived in Riyadh to participate in the Gulf Cooperation Council (GCC) and the ASEAN summit.

He was received at King Khalid International Airport by Riyadh Governor Prince Faisal bin Bandar bin Abdulaziz and a number of Saudi ministers and officials.



Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
TT

Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo

Türkiye has received an exemption for gas payments to Russia after the United States imposed sanctions on Gazprombank, Turkish Energy Minister Alparslan Bayraktar revealed in response to a question from Reuters.

The US imposed new sanctions on Russia's Gazprombank in November, creating an obstacle for buyers of Russian gas, which had been using the bank to make payments. They have since been seeking clarification and exploring other ways to pay.

Türkiye imports almost all its gas requirement and Russia is the top supplier, providing more than 50% of the country's pipeline imports.

Ankara's pipeline gas imports from Russia stood at 21.1 bcm last year.

Türkiye had requested an exemption in discussions with US officials so that it can continue paying for Russian natural gas imports via Gazprombank.

The US on Thursday also granted a waiver to Hungary, which mainly relies on Russian oil and gas.