UK trade deals point to closer GCC ties with Europe

The UK government faces many economic and political challenges at home ahead of the budget in late November. However, the mood continues to be more optimistic abroad. The latest signal of this overseas positivity came with the visit of Rachel Reeves to Saudi Arabia at the nation’s big Future Investment Initiative summit, the first trip by a UK finance minister to the region in about six years. A £6.3 billion ($4.8 billion) two-way package of new bilateral trade, procurement, and investment commitments was unveiled.

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