Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Britain's May heads to Middle East

Published 11/28/2017, 05:44 PM
Updated 11/28/2017, 05:50 PM
© Reuters. Britain's Prime Minister Theresa May leaves 10 Downing Street, London

LONDON (Reuters) - British Prime Minister Theresa May will travel to the Middle East this week to lend her support to economic reforms in Saudi Arabia and Jordan, her spokesman said.

Her trip comes as Britain is looking for new relationships around the world, to replace those it will lose after it quits the European Union in a little more than a year.

She will meet Saudi King Salman and Crown Prince Mohammed bin Salman, where she will also discuss the crisis in Yemen and the dispute in Qatar. In Jordan, she will meet King Abdullah and Prime Minister Hanu Mulki.

The London Stock Exchange is competing now to host part of Saudi Aramco's [IPO-ARMO.SE] initial public offering. Britain said this month it would provide $2 billion in credit guarantees to the energy company so it can buy British goods more easily.

On Tuesday, British foreign minister Boris Johnson hosted officials from Saudi Arabia, the United Arab Emirates, Oman and the United States to discuss humanitarian aid in Yemen, where aid agencies have complained about a port blockade.

Aid agencies say it has worsened the crisis in Yemen where war has left an estimated 7 million people facing famine and killed more than 10,000 people.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.