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Articles for tag: Cristiano, Cup, Join, Mohamed, Riyadh, Ronaldo, Salah, season

December 15, 2023

News Desk

Will Mohamed Salah join Cristiano Ronaldo in the Riyadh Season Cup?

“Salah is a player you want in your league, in any league,” says Saudi Pro League official Mohamed Salah (left) and Portugal’s Cristiano Ronaldo. — AFP/File Liverpool star Mohamed Salah is not expected to play in the Riyadh Season Cup scheduled to be held in January 2024, despite several clubs showing interest in him. According to the reports, the Egypt icon – who reached 200 goals at Liverpool – has been targeted by different teams in the region during the 2023 summer transfer window, with bids of around £150 million ($192 million) submitted. However, no deal has been struck, with

November 21, 2023

News Desk

Beijing and Riyadh sign currency swap agreement

BEIJING: The People’s Bank of China and Saudi Arabia’s Central Bank recently signed a local currency swap deal worth 50 billion yuan ($6.93 billion), or 26 billion Saudi riyals, both banks said on Monday, as bilateral relations continued to are reinforced. Saudi Arabia, the world’s top oil exporter, and China, the world’s biggest energy consumer, have worked to advance relations beyond hydrocarbon ties in recent years, expanding cooperation in areas such as security and technology. The swap agreement, which will be valid for three years and can be extended by mutual agreement, “will help to strengthen economic cooperation… expand the

November 5, 2023

News Desk

Riyadh asks Islamabad to approach China’s Sinopec for $10 billion green refinery project

Pumpjacks are seen during sunset at the Daqing oil field in China’s Heilongjiang province, August 22, 2019. — Reuters Riyadh wants the EPC contract to be given to Sinopec. The Petroleum Directorate asked to evaluate Sinopec’s investment interest. SIFC requests the department to facilitate the Chinese company if it is interested. Islamabad: Saudi Arabia has asked Islamabad to approach China’s Sinopec and make it part of the $10 billion green refinery to be set up in Pakistan, it said The news on Sunday. “We have announced and communicated the new green refinery policy with incentives of 7.5% deemed duty for

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