Davos 2023: Saudi Arabia changing no-strings aid, finance minister says

  • 📰 Reuters
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Saudi Arabia's finance minister said on Wednesday the kingdom is changing the way it provides assistance to allies, shifting from previously giving direct grants and deposits unconditionally.

"We used to give direct grants and deposits without strings attached and we are changing that," Mohammed al-Jadaan said at the World Economic Forum in Davos, adding Saudi Arabia was encouraging countries in the region to make reforms.

"We need to see reforms. We are taxing our people, we are expecting also others to do the same, to do their efforts. We want to help but we want you also to do your part."Our Standards:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Saudi thinks it has control over the world economy with oil. They are less than 1 trillion and USA is almost 30 trillion and also the largest oil producer. They seen how the feds slowed down the world economy when they did not want to open the oil taps.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Davos 2023: Global recession seen likely in 2023 -WEF surveyTwo-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in 2023, the Davos-organiser said on Monday as business and government leaders gathered for its annual meeting. le wef est le problème pas la solution A collapse of the fiat currency WEF Control Freaks Love & Use Economic Levers In Their Tool Chest & Quest For Class Warfare, And Mind Control!
Source: Reuters - 🏆 2. / 97 Read more »

Davos 2023: Global recession in 2023 seen as likely in WEF surveyTwo-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in 2023, the Davos-organiser said on Monday as business and government leaders gathered for its annual meeting. Reject the WEF at all costs wef
Source: Reuters - 🏆 2. / 97 Read more »

Davos 2023: Saudi FM says oil price stability reflects correct OPEC+ policySaudi Arabia's foreign minister said on Tuesday that oil price stability showed the kingdom was correct in its position during last year's row with the United States over the OPEC+ decision to reduce oil output targets. They got a compliant GOP congress, so it’s back to playing nice.
Source: Reuters - 🏆 2. / 97 Read more »

Davos 2023: Climate activists protest the presence of oil giants at World Economic ForumClimate activists are staging protests in Davos, Switzerland, on the sidelines of this week's World Economic Forum to oppose the presence of oil and gas firms. The elite frauds meet to give themselves accolades for their contributions to spreading propaganda lies This is insane, I'm glad I participated LUNCREWARD Her cloths were made from by products of fossil fuels.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Davos 2023: Man Utd set up shop with luxury lounge in Swiss AlpsManchester United set out a dazzling Davos shop front this week, but insisted its lounge was to entertain clients and partners rather than to attract buyers for the English soccer club. This explains why I was so thirsty 💦 Marketing to the rich for selling the club Lol
Source: Reuters - 🏆 2. / 97 Read more »

Davos 2023: Yellen to meet China's vice premier Liu He - U.S. TreasuryU.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic developments and deepen communication between the world's two largest economies, a Treasury official said. Inflation is transitory Yellen 😂
Source: Reuters - 🏆 2. / 97 Read more »