Islamabad October 24 2022: Prime Minister Shehbaz Sharif will pay an official visit to Riyadh today on the invitation of Saudi Crown Prince and Prime Minister Mohammed bin Salman.
“During his stay in Riyadh, the Prime Minister will hold consultations with the Saudi Crown Prince to review the longstanding fraternal relations, with a view to further strengthening the multifaceted cooperation, especially in the economic field,” the Foreign Office said in a statement.
The prime minister will also attend the Saudi Future Investment Initiative Summit.
An escalating dispute over an OPEC+ decision to cut oil production risks causing lasting damage to political relations between the US and Saudi Arabia. Wall Street seems unfazed.
JPMorgan Chase & Co. CEO Jamie Dimon and Goldman Sachs Group Inc.’s David Solomon are among US finance chiefs preparing to attend Riyadh’s glittering investment summit this week, a showcase for Saudi Crown Prince Mohammed Bin Salman. Meanwhile, the White House is escalating a war of words, with Joe Biden threatening “consequences” for the kingdom for its role in slashing crude output despite US objections.
