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Egypt Supports Saudi Arabia’s Position on OPEC+ Decision

General view of hotels, banks and office buildings by the Nile River as Egypt prepares to host the COP27 summit in Egypt, September 12, 2022. (Reuters)
General view of hotels, banks and office buildings by the Nile River as Egypt prepares to host the COP27 summit in Egypt, September 12, 2022. (Reuters)
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Egypt Supports Saudi Arabia’s Position on OPEC+ Decision

General view of hotels, banks and office buildings by the Nile River as Egypt prepares to host the COP27 summit in Egypt, September 12, 2022. (Reuters)
General view of hotels, banks and office buildings by the Nile River as Egypt prepares to host the COP27 summit in Egypt, September 12, 2022. (Reuters)

Egypt stressed on Monday its support to Saudi Arabia’s position on the recent OPEC+ decision, reported the Saudi Press Agency.

The Egyptian Foreign Ministry said it was following closely and with interest the reactions to the decision.

It added that Cairo support Riyadh's position in explaining the technical considerations of the decision as it aims primarily to achieve oil market stability and strengthen the international community's ability to deal with current economic challenges.

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Saudi, Brazilian Foreign Ministers Sign MoU to Establish Coordination Council

Saudi Foreign Minister Prince Faisal bin Farhan and his Brazilian counterpart, Mauro Vieira. SPA
Saudi Foreign Minister Prince Faisal bin Farhan and his Brazilian counterpart, Mauro Vieira. SPA
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Saudi, Brazilian Foreign Ministers Sign MoU to Establish Coordination Council

Saudi Foreign Minister Prince Faisal bin Farhan and his Brazilian counterpart, Mauro Vieira. SPA
Saudi Foreign Minister Prince Faisal bin Farhan and his Brazilian counterpart, Mauro Vieira. SPA

Saudi Foreign Minister Prince Faisal bin Farhan has met with Brazilian Foreign Minister Mauro Vieira in Rio de Janeiro on the sidelines of the G20 Summit.

The two officials reviewed relations and discussed regional and international developments.

During Tuesday’s meeting, the ministers signed a memorandum of understanding (MoU) to establish a Saudi-Brazilian Coordination Council, building on the agreement reached between the two countries' leaders during Brazilian President Luiz Inácio Lula da Silva's visit to Saudi Arabia on November 30, 2023.

Director-General of the Office of the Foreign Minister Abdulrahman Aldawood and Saudi Ambassador to Brazil Dr. Faisal bin Ibrahim Ghulam were in attendance.