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FINANCIAL NEWS
Saudi investor protests for Moscow’s support for Assad, ends deals
30 Jul 2012
(MENAFN) Saudi tycoon Mubarak Swaikat has scrapped a number of multi-million dollar petrochemical contracts with around 20 Russian companies, in protest for Moscow government’s support for Assad’s regime in Syria, Arabian Business reported.
Citing Kuwaiti news site Al Aan, Swaikat affirmed his move was based on his personal decision to support those fighting in Syria.
Tensions between Riyadh and Moscow have heated over the ongoing fighting in Syria. In March Saudi officials hit back at Russian allegations the Kingdom was supporting terrorism in Syria.
Russia and China have continually vetoed UN moves calling on Syrian President Bashar Al-Assad to give up power.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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