Canadian Ambassador to Saudi Arabia: Efforts Underway to Link G7 Presidency with Vision 2030 Agenda

Canada’s Ambassador to Saudi Arabia, Oman, Bahrain, and Yemen participating in the Saudi-Canadian Innovation Day at King Abdulaziz City for Science and Technology (X).
Canada’s Ambassador to Saudi Arabia, Oman, Bahrain, and Yemen participating in the Saudi-Canadian Innovation Day at King Abdulaziz City for Science and Technology (X).
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Canadian Ambassador to Saudi Arabia: Efforts Underway to Link G7 Presidency with Vision 2030 Agenda

Canada’s Ambassador to Saudi Arabia, Oman, Bahrain, and Yemen participating in the Saudi-Canadian Innovation Day at King Abdulaziz City for Science and Technology (X).
Canada’s Ambassador to Saudi Arabia, Oman, Bahrain, and Yemen participating in the Saudi-Canadian Innovation Day at King Abdulaziz City for Science and Technology (X).

A high-level Canadian delegation, backed by the government, kicked off a three-day visit to Saudi Arabia on Monday. The visit aims at linking Canada’s G7 Presidency priorities on responsible artificial intelligence and digital governance with the Kingdom’s Vision 2030 reform plan. The goal is to move strategic talks into joint projects serving both countries.

Speaking to Asharq Al-Awsat, Jean-Philippe Linteau, Ambassador of Canada to the Kingdom of Saudi Arabia and the Republic of Yemen, and Ambassador to the Kingdom of Bahrain and the Sultanate of Oman, emphasized the significance of Saudi-Canadian ties in this regard.

He explained: “Canada and Saudi Arabia collaborate on many levels. Both countries are partners in advancing peace and stability in the region, as demonstrated through our respective contributions, for example most recently at the United Nations, including at the Two-State Solution Conference. Saudi Arabia is Canada’s largest partners in the Gulf. Our two countries are expanding trade, which now stands at 4.1 billion dollars in 2024, with growth in both directions.”

Ambassador Linteau added that cooperation is deepening into vital sectors.

“Our cooperation is evolving towards technology, research, investment, and skills. Today we are working together in areas like artificial intelligence, digital transformation, health and life sciences, advanced communications, sustainable finance, and education. These are the building blocks of Vision 2030, and they are also the strengths of Canada’s innovation ecosystem.”

Canada’s Ambassador to Saudi Arabia, Oman, Bahrain, and Yemen (Asharq Al-Awsat)

On the objectives of the Canadian delegation’s visit to Saudi Arabia, the ambassador explained: “The purpose of this delegation is about building practical partnerships. Our Canadian companies and research institutions are here to connect with Saudi ministries, investors, and innovators. They want to explore opportunities for co-developing new technologies, to pilot solutions in areas like AI, health, and mobility, and to create long-term investment relationships.”

He continued: “This visit is also about linking Canada’s G7 Presidency priorities, responsible AI and digital governance, with Saudi Arabia’s Vision 2030 agenda. Together, we want to turn conversations into concrete projects that serve both our countries.”

This comes as part of Canada’s aspirations to strengthen a comprehensive strategic partnership with Saudi Arabia across diverse fields, especially clean technology, while exploring new opportunities in the Kingdom. Many Canadian companies are looking to establish offices in Saudi Arabia to benefit from its significant business potential, as well as opportunities across traditional and emerging sectors such as culture, tourism, and sustainable innovation.

Both countries are also witnessing increasing educational exchanges between Saudi and Canadian youth, helping pave the way for new partnerships and opportunities, while building on reforms that empower women and young people and support prosperity, economic growth, and expanded trade and investment.



IMF Board to Review Staff-level $8.1 Bln Agreement for Ukraine

The city's downtown on a frosty winter day, amid Russia's attack on Ukraine, in Kyiv, Ukraine February 19, 2026. REUTERS/Alina Smutko
The city's downtown on a frosty winter day, amid Russia's attack on Ukraine, in Kyiv, Ukraine February 19, 2026. REUTERS/Alina Smutko
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IMF Board to Review Staff-level $8.1 Bln Agreement for Ukraine

The city's downtown on a frosty winter day, amid Russia's attack on Ukraine, in Kyiv, Ukraine February 19, 2026. REUTERS/Alina Smutko
The city's downtown on a frosty winter day, amid Russia's attack on Ukraine, in Kyiv, Ukraine February 19, 2026. REUTERS/Alina Smutko

The International Monetary Fund on Thursday said its board ​would review a staff-level agreement for a new $8.1 billion lending program for Ukraine in coming days.

IMF spokeswoman Jule Kozack told reporters that Ukrainian authorities had completed the prior actions needed to move forward with the request ⁠of a new ⁠IMF program, including submission of a draft law on the labor code and adoption of a budget.

She said Ukraine's economic growth in 2025 ⁠was likely under 2%. After four years of war, the country's economy had settled into a slower growth path with larger fiscal and current account balances, she said, noting that the IMF continues to monitor the situation closely.

"Russia's invasion continues to take a ⁠heavy ⁠toll on Ukraine's people and its economy," Kozack said. Intensified aerial attacks by Russia had damaged critical energy and logistics infrastructure, causing disruptions to economic activity, Reuters quoted her as saying.

As of January, she said, 5 million Ukrainian refugees remained in Europe and 3.7 million Ukrainians were displaced inside the country.


US Stocks Fall as Iran Angst Lifts Oil Prices

A screen displays a stock chart at a work station on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 6, 2022. REUTERS/Brendan McDermid
A screen displays a stock chart at a work station on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 6, 2022. REUTERS/Brendan McDermid
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US Stocks Fall as Iran Angst Lifts Oil Prices

A screen displays a stock chart at a work station on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 6, 2022. REUTERS/Brendan McDermid
A screen displays a stock chart at a work station on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 6, 2022. REUTERS/Brendan McDermid

Wall Street stocks retreated early Thursday as worries over US-Iran tensions lifted oil prices while markets digested mixed results from Walmart.

US oil futures rose to a six-month high as Iran's atomic energy chief Mohammad Eslami said no country can deprive the Islamic republic of its right to nuclear enrichment, after US President Donald Trump again hinted at military action following talks in Geneva.

"We'd call this an undercurrent of concern that is bubbling up in oil prices," Briefing.com analyst Patrick O'Hare said of the "geopolitical angst."

About 10 minutes into trading, the Dow Jones Industrial Average was down 0.6 percent at 49,379.46, AFP reported.

The broad-based S&P 500 fell 0.5 percent to 6,849.35, while the tech-rich Nasdaq Composite Index declined 0.6 percent to 22,621.38.

Among individual companies, Walmart rose 1.7 percent after reporting solid results but offering forecasts that missed analyst expectations.

Shares of the retail giant initially fell, but pushed higher after Walmart executives talked up artificial intelligence investments on a conference call with analysts.

The US trade deficit in goods expanded to a new record in 2025, government data showed, despite sweeping tariffs that Trump imposed during his first year back in the White House.


Gold Advances on US–Iran Tensions as Markets Weigh Fed Policy Path

UK gold bars and gold Sovereign coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo
UK gold bars and gold Sovereign coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo
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Gold Advances on US–Iran Tensions as Markets Weigh Fed Policy Path

UK gold bars and gold Sovereign coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo
UK gold bars and gold Sovereign coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo

Gold prices extended gains on Thursday after rising more than 2% in the previous session, as lingering tensions between the United States and Iran prompted a flight to safety, while investors evaluated the Federal Reserve's monetary policy path.

Spot gold rose 0.2% to $4,989.09 per ounce by 1227 GMT. US gold futures for April delivery held steady at $5,008.60.

"Geopolitical concerns are front and centre with reports that, if the US were to take military action against Iran, it could go on for several weeks," said Jamie Dutta, market analyst at Nemo.money, Reuters reported.

Some progress was made during Iran talks this week in Geneva but distance remained on some issues, the White House said on Wednesday.

FED LARGELY UNITED

Top US national security advisers met in the White House Situation Room on Wednesday to discuss Iran and were told all US military forces deployed to the region should be in place by mid-March.

Meanwhile, the Fed's January minutes showed it largely united on holding interest rates steady, but divided over what comes next, with "several" open to rate hikes if inflation remains elevated, while others were inclined to support further cuts if inflation recedes.

The weekly jobless claims data, due later in the day, and Friday's Personal Consumption Expenditures report, the Fed’s preferred inflation gauge, will provide further clues on the central bank's policy trajectory.

Markets currently expect this year's first interest rate cut to be in June, according to CME's FedWatch Tool.

Non-yielding bullion tends to do well in low-interest-rate environments.

Spot silver rose 0.9% to $77.87 per ounce after climbing more than 5% on Wednesday.

Silver is "supported by tight supply and low COMEX stock levels ahead of the delivery period of the March contract. However, given the extent of the historic correction earlier this month, silver is not back on safer ground until it trades back above $86," said Ole Hansen, head of commodity strategy at Saxo Bank.

Spot platinum fell 0.6% to $2,059.55 per ounce, while palladium lost 1.7% to $1,686.47.