Mohammed bin Salman

The war between Israel and Hamas could deal a "serious" blow to global economic development, the president of the World Bank told an investor conference in Saudi Arabia yesterday.

Türkiye and Saudi Arabia have signed a series of agreements on boosting investment, defense industry cooperation, energy collaboration and communications during Turkish President Recep Tayyip Erdoğan's visit to Persian Gulf states.

The deals were finalized after delegation meetings led by Erdoğan and Saudi Crown Prince Mohammed bin Salman in the city of Jeddah on July 17.

Saudi Arabia hit a new milestone on July 5 with the first Saudi designer presenting at Paris Fashion Week.

Mohammed Ashi's haute couture show - his first as part of the official roster after years of dressing top celebrities - is "the peak of my career," he told AFP.

Saudi Arabia said yesterday it was extending a voluntary oil production cut of one million barrels per day, and Russia said it was slashing exports by 500,000 bpd.

The moves were the latest attempts by major producers to stabilize markets rocked by factors including continued fallout from the Russian invasion of Ukraine and China's faltering economic recovery.

BELGRADE - Serbian PM Ana Brnabic met on Monday with Saudi Arabia's Ambassador to Belgrade Osamah bin Dakhel Al Ahmadi, who presented to her a letter from the country's Crown Prince Mohammed bin Salman Al Saud with an invitation to visit Saudi Arabia in the period to come to exchange views on bilateral ties and international affairs of mutual interest in person.

President Recep Tayyip Erdoğan and King Salman of Saudi Arabia exchanged a phone conversation late July 13, the presidential communication office has announced.

"President Erdoğan and King Salman bin Abdulaziz exchanged Eid al-Adha greetings. Bilateral relations and regional issues were also discussed during the call," read the brief statement by the Communication Directorate.

Saudi Arabia has announced it was disbursing billions of dollars directly to citizens to ease the effects of inflation amid growing online expressions of frustration over rising prices.    

Main opposition Republican People's Party leader Kemal Kılıçdaroğlu has vowed that if his party comes to power in the upcoming elections, they will reopen the case of Jamal Khashoggi, a dissident Saudi journalist who was killed on the premises of the Saudi Arabia's General Consulate in Istanbul, which was transferred to Saudi legal institutions.

Türkiye's exports to Saudi Arabia can increase to a total of $10 billion annually with the normalization of relations between the two countries, a leading business representative has said.

Türkiye and Saudi Arabia on June 22 declared their determination to start a "new era of cooperation" during a visit by Saudi Crown Prince Mohammed bin Salman, as they set aside years of acrimony following the brutal slaying of a Saudi columnist.