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Saudi FM: Global Energy Security Hinges on Geopolitical Stability

(From L) WEF president Borge Brende, International Monetary Fund (IM) Managing Director Kristalina Georgieva, Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani, Finland's Foreign Minister Pekka Haavisto, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and US Democratic Senator from Delaware Chris Coons attend a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. (AFP)
(From L) WEF president Borge Brende, International Monetary Fund (IM) Managing Director Kristalina Georgieva, Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani, Finland's Foreign Minister Pekka Haavisto, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and US Democratic Senator from Delaware Chris Coons attend a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. (AFP)
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Saudi FM: Global Energy Security Hinges on Geopolitical Stability

(From L) WEF president Borge Brende, International Monetary Fund (IM) Managing Director Kristalina Georgieva, Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani, Finland's Foreign Minister Pekka Haavisto, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and US Democratic Senator from Delaware Chris Coons attend a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. (AFP)
(From L) WEF president Borge Brende, International Monetary Fund (IM) Managing Director Kristalina Georgieva, Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani, Finland's Foreign Minister Pekka Haavisto, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and US Democratic Senator from Delaware Chris Coons attend a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. (AFP)

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah stressed on Wednesday that geopolitical stability was the most important key to global energy security.

Speaking at the World Economic Forum in Davos, he underlined the need for stability in the short-term for energy markets.

He added that the Kingdom was investing around $200 billion in renewable energy, both domestically and internationally.

Moreover, Saudi companies are working with 21 countries on different sources of energy, such as solar, wind and other forms of renewable energy, he stated.

“At the moment, we need to maintain energy supplies that are being priced in a way that guarantees stability. We will continue to adopt this responsible approach,” stressed Prince Faisal.

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Syria’s Leader Meets with Bahraini Diplomatic Delegation

The leader of Syria's new administration, Ahmed al-Sharaa meets Bahraini Foreign Minister Abdul Latif Al-Zayani in Damascus, Syria, January 8, 2025. (Bahrain News Agency/Handout via Reuters)
The leader of Syria's new administration, Ahmed al-Sharaa meets Bahraini Foreign Minister Abdul Latif Al-Zayani in Damascus, Syria, January 8, 2025. (Bahrain News Agency/Handout via Reuters)
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Syria’s Leader Meets with Bahraini Diplomatic Delegation

The leader of Syria's new administration, Ahmed al-Sharaa meets Bahraini Foreign Minister Abdul Latif Al-Zayani in Damascus, Syria, January 8, 2025. (Bahrain News Agency/Handout via Reuters)
The leader of Syria's new administration, Ahmed al-Sharaa meets Bahraini Foreign Minister Abdul Latif Al-Zayani in Damascus, Syria, January 8, 2025. (Bahrain News Agency/Handout via Reuters)

Syria's de facto leader Ahmed al-Sharaa received a delegation from Bahrain on Wednesday and met with the Bahraini foreign minister, state media reported.

The visit was the latest in a flurry of diplomatic overtures by Arab countries to Syria’s new leaders after they overthrew former President Bashar al-Assad in a lightning rebel offensive.

Like other Gulf countries, Bahrain had cut off diplomatic ties with Syria under Assad’s rule during the Syrian civil war, but it reopened its embassy in Damascus in 2018 and gradually restored ties with the Assad government.

Bahrain is the current head of the Arab summit, and days after Assad’s ouster it had sent a message to al-Sharaa offering its cooperation with the new authorities and saying, “We look forward to Syria regaining its authentic role in the Arab League.”