21 Hrs
Source:
الاقتصادية
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Riyadh to host EU-Gulf summit
The article discusses the preparations for an upcoming summit between the European Union and the Gulf Cooperation Council, scheduled to take place in Riyadh on October 24, 2026, with the aim of strengthening trade and strategic relations between the two parties. European and Saudi officials, during recent meetings, reviewed the developments in their cooperation, particularly in the areas of economy, energy, and climate change, amid ongoing transformations under Saudi Arabia's "Vision 2030." The report highlights that the European Union is the Gulf's second-largest trading partner, with trade exchanges totaling €165.6 billion in 2025, reflecting significant growth in the region's imports and exports, especially in fuel and services sectors. Officials emphasized the importance of political dialogue and joint implementation to promote peace, security, and regional prosperity.
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