Saudi Announces Billions of Dollars in Investment Deals at Arab-China Summit

Saudi Arabia announced on Sunday billions of dollars in investment deals between China and the Arab world, on the first day of the China-Arab business conference in Riyadh. The meeting comes amid growing commercial and diplomatic ties between Beijing and Middle Eastern countries, including a recent landmark Chinese-brokered rapprochement between powerhouses Iran and Saudi Arabia that has shifted regional relations. The oil-rich kingdom is hosting the conference, now in its 10th edition, for the first time. Over two days, it brings together more than 3,500 government and business officials from China and Arab countries, the Saudi investment ministry said in…