Saudi Arabia is interested in cooperation with Russia in the area of rare-earth metals, Minister of Industry and Mineral Resources of Saudi Arabia Bandar al-Khorayef told TASS in an interview. "Absolutely," he replied, when asked if prospects for cooperation with Russia in this area were being considered. "Last year, we announced that our reserves had increased from $1.3 trillion to $1.5 trillion, some of which were rare earths. We believe that we have a good percentage. We are now at a stage ...

Trade turnover between Russia and Saudi Arabia increased by more than 60% in 2024, to exceed $3.8 billion, Industry and Trade Minister Anton Alikhanov announced. "According to the results of last year, the volume of mutual trade increased by more than 60%, exceeding $3.8 billion. In the first quarter of this year, the pace increased even more. We have achieved a fourfold increase in trade turnover compared to the same period last year," he said at the business forum "Industrial Dialogue: Russia-Saudi ...