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Saudi-European Investment Relations Enhance Global Economic Stability

The Eiffel Tower and the financial and commercial district of La Defense, west of Paris (Reuters)
The Eiffel Tower and the financial and commercial district of La Defense, west of Paris (Reuters)
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Saudi-European Investment Relations Enhance Global Economic Stability

The Eiffel Tower and the financial and commercial district of La Defense, west of Paris (Reuters)
The Eiffel Tower and the financial and commercial district of La Defense, west of Paris (Reuters)

External financial bonds, including Eurobonds, constitute an important aspect of Saudi investments, experts told Asharq Al-Awsat.
This came after the Ministry of Finance denied, on Tuesday, that the Kingdom had threatened to sell Eurobonds, according to a statement attributed to the ministry and reported by Bloomberg.
The ministry stressed that Saudi relations with the G7 and other countries were based on mutual respect, pointing to ongoing discussions over matters that promote global growth and the flexibility of the international financial system.

Shura Council member Fadl Al-Buainain told Asharq Al-Awsat that the Kingdom has close and balanced relations with its partners in Europe and the world, adding that it adopts a policy of complete neutrality in issues to which it is not a party, and is committed to non-interference in the affairs of countries in general.
Financial Fluctuations
The Shura Council member stated that the Kingdom is keen on the stability of the global economy, through its global partnerships, its membership in the G20 and its strong relations with the G7, which enjoy mutual respect.
He added that Saudi Arabia, through its reliable management of its foreign investments and its oil policy, cannot take any decision that would negatively impact its international relations or the global economy.
Al-Buainain explained that financial investments in bonds constitute an important aspect of Saudi investments abroad.
For his part, Dr. Fahd bin Juma, economic export and former member of the Shura Council, told Asharq Al-Awsat that the Kingdom always seeks to achieve its economic interests by diversifying its investment portfolio locally and internationally.
Business Relations
Bin Jumaa added that Saudi Arabia also invests in European countries and has good ties with the G7, stressing that there were no risks or indicators about changes in these strong relations.
The Kingdom is also keen on its diplomatic and economic relations with all friendly countries of the world, and does not interfere in the affairs of other countries, he underlined.
Bloomberg had reported that the Saudi Ministry of Finance had hinted that the Kingdom could sell some Eurobonds and French bonds if the G7 tried to seize Russia’s foreign frozen assets.

 

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FAO Aims for Key Outcomes at COP16 in Saudi Arabia

Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)
Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)
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FAO Aims for Key Outcomes at COP16 in Saudi Arabia

Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)
Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)

Dr. Abdul Hakim Elwaer, Assistant Director-General of the Food and Agriculture Organization (FAO), stated that the organization will take an active role at COP16, the UN conference on combating desertification, scheduled to take place in Saudi Arabia in early December.

In remarks to Asharq Al-Awsat, he expressed confidence that the conference—the first of its kind in the Middle East—would produce significant outcomes.

Elwaer’s comments came during a roundtable organized by FAO’s regional office in Cairo, attended by a select group of media representatives. The session focused on FAO’s participation in the upcoming conference and the importance of the Rio Trio —the integrated framework of the three major UN conventions addressing climate change, biodiversity conservation, and desertification.

Fida Haddad, FAO’s Program Officer for Land Rehabilitation and Climate Change, highlighted the interconnectedness of the three conventions and noted that COP16 would place a strong emphasis on land and water rehabilitation and their sustainable management.

Haddad pointed out that approximately 90% of the Middle East is affected by arid conditions. Despite this, local communities and Arab governments have made notable progress in addressing desertification and drought. She also announced that, for the first time, FAO has successfully placed food systems on the COP16 agenda, enabling discussions on how land rehabilitation can enhance food supply chains and systems.

Elwaer underscored FAO’s central role in achieving the second Sustainable Development Goal (SDG): eradicating hunger. He emphasized that FAO actively engages in the UN conventions on climate change, biodiversity, and desertification, which collectively contribute to this mission.

FAO’s focus, according to Elwaer, is on transforming food and agricultural systems to become more inclusive, efficient, and sustainable, aiming for better production, nutrition, and livelihoods. He highlighted the organization’s success in integrating these priorities into the agendas of the three conventions and collaborating with host countries on joint initiatives.

He further noted that Saudi Arabia’s hosting of COP16 is particularly significant for the region, which faces pressing challenges such as water scarcity, desertification, and food insecurity. The conference presents an opportunity for Middle Eastern nations to highlight these issues, explore solutions, and ensure their inclusion in global environmental discussions, not only at this event but in future COP sessions, he underlined.

Elwaer emphasized the growing global attention on desertification, as it is now impacting regions previously unaffected, such as southern Europe and parts of Latin America. These areas are witnessing alarming declines in arable land and forests, prompting them to seek lessons from the Arab world, which has developed resilience strategies to combat desertification over centuries.

FAO will have a strong presence at COP16, with two dedicated pavilions—one in the Blue Zone for official delegations and another in the Green Zone to engage civil society and conference participants, he said.

He added that in collaboration with Saudi Arabia and the UN, FAO will lead coordination on Food Day and Governance Day, scheduled for December 5 and 6, respectively. The organization will also participate in other specialized sessions throughout the conference.