BR100 Decreased By (-1.26%)
BR30 Decreased By (-1.27%)
KSE100 Decreased By (-1.09%)
KSE30 Decreased By (-1.25%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.16 Decreased By ▼ -0.05 (-0.96%)
BML 57.10 Decreased By ▼ -0.40 (-0.7%)
BOP 33.80 Decreased By ▼ -0.23 (-0.68%)
CNERGY 9.83 Decreased By ▼ -0.13 (-1.31%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 52.58 Decreased By ▼ -2.12 (-3.88%)
FFL 16.56 Decreased By ▼ -0.13 (-0.78%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.24 Decreased By ▼ -0.16 (-2.16%)
KOSM 5.85 Increased By ▲ 0.08 (1.39%)
LOTCHEM 29.00 Decreased By ▼ -0.32 (-1.09%)
MLCF 91.74 Decreased By ▼ -2.62 (-2.78%)
NBP 201.29 Decreased By ▼ -1.76 (-0.87%)
NCPL 56.74 Decreased By ▼ -0.26 (-0.46%)
NPL 66.87 Decreased By ▼ -0.83 (-1.23%)
OGDC 313.86 Decreased By ▼ -1.98 (-0.63%)
PACE 10.51 Decreased By ▼ -0.13 (-1.22%)
PAEL 41.85 Decreased By ▼ -1.35 (-3.13%)
PIBTL 16.44 Decreased By ▼ -0.30 (-1.79%)
PPL 216.45 Decreased By ▼ -3.33 (-1.52%)
PRL 50.00 Increased By ▲ 0.81 (1.65%)
PTC 69.50 Decreased By ▼ -1.03 (-1.46%)
SSGC 27.00 Decreased By ▼ -1.25 (-4.42%)
TBL 9.77 Decreased By ▼ -0.09 (-0.91%)
TELE 8.62 Decreased By ▼ -0.17 (-1.93%)
TPL 18.25 Increased By ▲ 0.01 (0.05%)
TPLP 13.43 Increased By ▲ 0.16 (1.21%)
TREET 22.50 Decreased By ▼ -0.22 (-0.97%)
TRG 59.70 Decreased By ▼ -0.44 (-0.73%)
World

Saudi Arabia and Turkiye sign agreements on energy, defence and other fields

Published Updated
Photo: REUTERS
Photo: REUTERS
By

CAIRO: Saudi Arabia and Turkiye signed a number of memorandums of understanding in many fields including energy, direct investments and defence, Saudi state news agency SPA reported early on Tuesday.

Turkiye President Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman, the kingdom’s de facto ruler, witnessed the signing ceremony of the bilateral agreements between the two countries, SPA said.

Saudi Arabia signed two contracts with Turkish defence firm Baykar to buy drones “with the aim of enhancing the readiness of the Kingdom’s armed forces and bolstering its defence and manufacturing capabilities,” Saudi Defence Minister Prince Khalid bin Salman said in a tweet on Tuesday, The two countries also signed a defence cooperation plan, the minister added.

Erdogan met the crown prince late Monday night, SPA added.

He had arrived in the kingdom earlier on Monday for the first stop of a Gulf tour with “high hopes” for investment and finance as Turkiye looks to ease budget strains, chronic inflation and a weakening currency.

Erdogan’s Gulf tour, which also includes Qatar and the United Arab Emirates, is due to conclude on July 19.

Comments

Comments are closed for this article.

Tulukan Mairandi Jul 18, 2023 02:05pm
Why not a tripartite one with sisterly Pakistan?
0