Saudi Arabia provides critical relief for Pakistan by extending $3B loan repayment
Saudi Arabia has given Pakistan more time to repay a $3 billion loan. Pakistan's Finance Minister, Muhammad Aurangzeb, announced the extension ...
Saudi Arabia and Syria have signed a defence cooperation deal as the Gulf kingdom continues to face missile and drone attacks by Yemen’s Houthi rebels.
The agreement between the two countries’ defence ministries was signed on Wednesday, 4 November, during a visit to Riyadh by Syrian President Ahmed al-Sharaa, Saudi state news agency SPA reported. Details of the agreement have not been disclosed.
During the visit, al-Sharaa met Saudi Crown Prince Mohammed bin Salman for the second time in less than a month.
The Iran-aligned Houthis have intensified attacks on Saudi Arabia in recent weeks, fuelling renewed conflict between Riyadh and the Yemeni armed group.
Saudi Arabia has sought military assistance from international allies and partners, including the U.S., European countries and other Middle Eastern nations, requesting both defensive and offensive support.
In October, Reuters reported that Syria was weighing whether to offer military assistance to Saudi Arabia. A Syrian diplomat said at the time that any request for military cooperation or an exchange of expertise would take place “exclusively through official channels.”
The diplomat added that any such cooperation would fall under existing bilateral agreements between the two countries.
The defence pact was among several agreements signed during al-Sharaa’s visit.
The Saudi Fund for Development, which provides development loans and grants, signed six agreements with Syria’s Finance Ministry covering concessional loans totalling more than $403 million.
According to Syria’s Finance Ministry, the funding will support the country’s development and public services sectors.
Saudi Arabia has emerged as a major financial backer of Syria’s government and has helped Damascus rebuild ties with international powers following the overthrow of former President Bashar al-Assad.
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Saudi Arabia has given Pakistan more time to repay a $3 billion loan. Pakistan's Finance Minister, Muhammad Aurangzeb, announced the extension on Wednesday (4 November).
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