Saudi foreign minister tells Davos meeting Iran-Israel war should be avoided

Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Headlines

Posted By Global Banking and Finance Review

Posted on January 21, 2025

Saudi foreign minister tells Davos meeting Iran-Israel war should be avoided

By Samia Nakhoul and Marwa Rashad

DAVOS, Switzerland (Reuters) - Saudi Arabia's foreign minister said on Tuesday he did not see Donald Trump's new administration increasing the risk of an Israel-Iran conflict, addressing an issue the region has feared since the start of Israel's war in Gaza.

Prince Faisal bin Farhan Al Saud also said in Davos that he hoped President Trump's approach to Iran would be met with a willingness by Tehran to positively engage with the U.S. administration and address the issue of its nuclear programme.

"Obviously a war between Iran and Israel, any war in our region is something we should try to avoid as much as possible," Prince Faisal said during the World Economic Forum's annual meeting in the Swiss mountain resort.

"I don't see the incoming U.S. administration as contributory to the risk of war, on the contrary, President Trump has been quite clear he does not favor conflict."

Prince Faisal also said he would visit Lebanon later this week, marking the first such trip by a Saudi foreign minister in more than a decade.

The kingdom shunned Lebanon for years over the strong influence of Iran-backed Hezbollah on state affairs.

Prince Faisal said the election of a Lebanese president after a lengthy vacuum in the country was positive, but that Saudi Arabia needed to see real reforms in order to raise its engagement in the country.

The Lebanese parliament elected army chief Joseph Aoun as head of state earlier this month, filling the vacant presidency with a general who has U.S. support and showing Hezbollah's weakened sway after the group's devastating war with Israel.

(Reporting by Samia Nakhoul and Marwa Rashad in Davos, Maha El Dahan in Dubai; Writing by Nayera Abdallah; Editing by Mark Heinrich, Frances Kerry and Alexander Smith)

Recommended for you