Saudi Arabia may set up a $40 billion technology fund to join the AI investment boom。

During the recent Saudi-Chinese Business Forum, the two countries have signed more than a dozen cooperation agreements totaling more than 5 billion Saudi riyals (about 13.US $300 million), aiming to deepen the cooperation between the two sides in the fields of infrastructure construction, financing and housing.。According to the official Saudi news agency, these partnerships will promote cooperation and development between the two sides in key areas, including five agreements related to housing projects.。

According to media reports, Saudi Aramco said it would invest further in China Despite a drop in second-quarter profits, Saudi Aramco (hereinafter referred to as Saudi Aramco) said in reiterating its massive capital spending plan that it plans to further its investment activities in China.。As the state-owned group seeks to expand its domestic oil and gas production and work to diversify its overseas downstream activities, the company is implementing the largest capital spending program in its history, with capital spending expected to reach between $45 billion and $55 billion this year.。

According to reports, Saudi Arabia in line with the "OPEC +" meeting decided to jointly maintain the stability of the international crude oil market, from July onwards, will voluntarily reduce crude oil production by another 1 million barrels per day, for a period of one month, the reduction measures can be considered to extend, international oil prices rose sharply