Tag: Habib Al-Badawi

US Dollar banknote
Posted in Geopolitical Report ISSN 2785-2598 China Middle East Monitoring & Analysis United States

Can Saudi Arabia switch from the US dollar to the Chinese yuan?

Oil transactions between Saudi Arabia and China could be denominated in the Chinese yuan, a significant development in the evolving international economic and geopolitical landscape. If this move happens, it could have far-reaching implications for the US dollar’s status as the dominant global currency, as well as for US-Saudi relations and broader regional dynamics in the Middle East.

Iran Saudi Arabia Middle East globe
Posted in Monitoring & Analysis China Middle East Persian Files ISSN 2975-0598

Riyadh-Tehran reconciliation sponsored by Beijing, what next?

Iran and Saudi Arabia, longtime regional rivals, have agreed to resume friendly diplomatic relations and reopen their embassies after Chinese-led negotiations in Beijing. The two governments announced the agreement via their respective state media agencies and China’s Xinhua News Agency.