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The story: Saudi Finance Minister Mohammed Al-Jadaan has made clear that Riyadh will change its approach to foreign assistance, conditioning future packages to strengthen the Kingdom’s international investments. This comes as Saudi Arabia has recently provided aid to longstanding partners Egypt and Pakistan to assist with economic difficulties. Of further note, Jadaan also suggested that the Kingdom will consider trading oil in currencies other than the US dollar—and particularly the Chinese yuan.
The coverage: Jadaan first made the announcement of a policy shift on foreign aid at the annual World Economic Forum in Davos, Switzerland on Jan. 18.
Meanwhile, Saudi-funded Al-Arabiya TV has reported that Jadaan has also signaled that...
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