Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Saudi Arabia, Romania sign wide-ranging defense agreement

The signing ceremony was held in Riyadh
  • The pact includes training, exchange of expertise, technologies and developing communications systems.
  • The agreement is in line with the two sides’ commitment to promote and encourage international peace, media reports said.

Saudi Arabia and Romania signed on Tuesday a defense cooperation agreement that covers training, exchange of expertise, technologies, developing communications systems, medical services, military history, archives, publications, and museums, among others.

The agreement is in line with the two sides’ commitment to promote and encourage international peace and stability.

Assistant Minister of Defense for Executive Affairs Khalid bin Hussein Al-Bayari, represented the Kingdom in the signing ceremony.

The Romanian side was represented by Simona Cojocaru, State Secretary and Chief of the Department for Defense Policy, Planning and International Relations.

The signing ceremony was held in Riyadh, and attended by a number of officials from the two sides.