Urso said that Saudi Arabia’s Public Investment Fund is among the Gulf funds that Italy is interested in, the Saudi outlet Arab News reported at the time. Late last month, Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan attended the G7 Finance Ministers meeting in Italy. The UAE exported $2.75 billion to Italy in 2022, $646 million of which was refined petroleum. Italy exported $6.52 billion to the UAE that year, including more than $1.19 billion in jewelry. Italy views the UAE as strategically valuable, partly because of the Gulf state’s gas, Jonathan Fenton-Harvey wrote for Al-Monitor at the time.

Source: The North Africa Journal June 13, 2024 00:48 UTC