AIRLINK 205.81 Increased By ▲ 5.52 (2.76%)
BOP 10.24 Decreased By ▼ -0.25 (-2.38%)
CNERGY 7.06 Decreased By ▼ -0.15 (-2.08%)
FCCL 34.66 Decreased By ▼ -0.28 (-0.8%)
FFL 17.10 Decreased By ▼ -0.32 (-1.84%)
FLYNG 24.68 Decreased By ▼ -0.17 (-0.68%)
HUBC 131.18 Increased By ▲ 3.37 (2.64%)
HUMNL 13.98 Increased By ▲ 0.17 (1.23%)
KEL 4.91 Decreased By ▼ -0.09 (-1.8%)
KOSM 6.81 Decreased By ▼ -0.22 (-3.13%)
MLCF 44.34 Decreased By ▼ -0.28 (-0.63%)
OGDC 221.77 Decreased By ▼ -0.38 (-0.17%)
PACE 7.22 Decreased By ▼ -0.20 (-2.7%)
PAEL 42.69 Decreased By ▼ -0.11 (-0.26%)
PIAHCLA 17.13 Decreased By ▼ -0.26 (-1.5%)
PIBTL 8.42 Decreased By ▼ -0.09 (-1.06%)
POWER 9.09 Decreased By ▼ -0.06 (-0.66%)
PPL 190.86 Decreased By ▼ -1.87 (-0.97%)
PRL 43.49 Increased By ▲ 1.99 (4.8%)
PTC 24.79 Increased By ▲ 0.35 (1.43%)
SEARL 102.66 Increased By ▲ 1.39 (1.37%)
SILK 1.02 Decreased By ▼ -0.03 (-2.86%)
SSGC 42.74 Decreased By ▼ -1.13 (-2.58%)
SYM 18.40 Decreased By ▼ -0.36 (-1.92%)
TELE 9.26 Decreased By ▼ -0.28 (-2.94%)
TPLP 13.15 Increased By ▲ 0.07 (0.54%)
TRG 68.78 Increased By ▲ 2.59 (3.91%)
WAVESAPP 10.42 Decreased By ▼ -0.11 (-1.04%)
WTL 1.80 Increased By ▲ 0.02 (1.12%)
YOUW 4.00 Decreased By ▼ -0.04 (-0.99%)
BR100 12,034 Decreased By -5.6 (-0.05%)
BR30 36,777 Increased By 88.7 (0.24%)
KSE100 114,496 Decreased By -308.5 (-0.27%)
KSE30 36,003 Decreased By -99.2 (-0.27%)

France is no longer pushing Saudi Arabia to buy Rafale fighters now that the kingdom has purchased Typhoon jets from Britain, French Defence Minister Herve Morin said on Sunday during a visit to the Arab kingdom.
"We haven't discussed Rafale in Saudi Arabia. It's not a current issue," Morin told reporters in Jeddah after talks with Saudi leaders. "I think that after the Typhoon order it's not necessarily a priority."
Last month Saudi Arabia and Britain announced a 4.43 billion pound ($9.09 billion) deal for 72 Eurofighter Typhoon jets as part of a contract that could be worth up to 20 billion pounds to prime contractor BAE Systems BA.L and firms spread across Europe as well as in Saudi Arabia.
Morin's comments come days after France failed to sell its Rafale advanced fighter jets to Morocco, a Francophone country normally seen as part of France's political orbit. Morocco is expected to buy US F-16s instead. France had been holding out for a Rafale deal for some time. Former President Jacques Chirac visited Saudi Arabia last year.
Morin said Paris was open to helping the kingdom in a possible nuclear energy programme, when asked about the bid by Riyadh and fellow Gulf Arabs to start a peaceful nuclear energy programme.
"France considers itself open to this," he said. Saudi Arabia and other Gulf countries are flush with cash on booming world oil and gas prices and a trail of foreign leaders have come hoping to win contracts and Saudi investment.
Saudi Arabia, the largest Gulf Arab country, is boosting its armed forces as regional tension heightens over Iran's stand-off with the United States over Tehran's nuclear programme. Washington said in August it intends to approve the sale of at least $20 billion-worth of arms to Saudi Arabia and other Gulf Arab countries.
Asked about Saudi investment in strategic French industries, Morin said Arab money was welcome. "EADS already has UAE and Qatari funds in its capital. So there is no reason for such investments not to be made in French or European firms as long as it's in the interest of the company," he said. Qatar Investment Authority has an indirect ownership in EADS, the parent company of commercial airliner Airbus, through shareholdings in Lagardere and a Dubai fund.

Copyright Reuters, 2007

Comments

Comments are closed.