The SIX and Tadawul stock exchanges signed the agreement at the third “financial dialogue” between the two countries in Zurich on Monday.
The delegations were led by Swiss Finance Minister Ueli Maurer and his Saudi Arabian counterpart, Mohammed Al-Jadaan.
The two sides discussed issues such as the digitalisation of sustainable financial services, access to each other’s markets and sovereign debt management, the finance ministry said in a statementExternal link.
Talks also took place between Saudi officials and representatives of Swiss banks and insurance companies. The delegations also visited fintech companies in the Zurich region on Monday.
This was the third “financial dialogue” between the two countries; the previous meetings were held in 2018 and 2019.
Saudi Arabia is one of Switzerland’s most important trading partners in the Middle East, with trade volume of around CHF2.3 billion ($2.5 billion). Over 100 Swiss firms operate in the Gulf state.
Swiss NGOs and left-wing parties meanwhile continue to accuse the Saudi regime of human rights violations.
Doctors Without Borders demands Swiss Gaza clarification
This content was published on
The NGO Doctors Without Borders (MSF) has challenged Swiss foreign minister Ignazio Cassis to explain his controversial Gaza statements.
Data centres use four times more electricity than average
This content was published on
The power consumption of data centres, used in particular for AI, is four times higher than average, warns the International Telecommunication Union.
One in five bee colonies failed to survive Swiss winter
This content was published on
Almost a fifth of bee colonies in Switzerland failed to survive the winter. Losses have been greater than in previous years.
Switzerland condemns deadly attack on UN convoy in Sudan
This content was published on
Switzerland has strongly condemned the deadly attack on a United Nations humanitarian convoy in Sudan. Five people were killed, wrote the Federal Department of Foreign Affairs (FDFA) on Platform X.
Most over-65s in Switzerland regularly use the internet
This content was published on
The digital divide is narrowing faster than expected in Switzerland. A study published on Wednesday reveals that nine out of ten over-65s use the internet.
Will Swiss president be forbidden from speaking English to counterparts?
This content was published on
Switzerland's president, Karin Keller-Sutter, should use one of the country's four national languages when communicating with international organisations, and not English, according to a motion that passed on Wednesday.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Swiss president wraps up controversial visit to the Gulf
This content was published on
Ueli Maurer has concluded his visit to Saudi Arabia and the UAE, where the major topics of conversation were finance and sustainability.
Swiss join criticism of Saudi Arabia at UN rights council
This content was published on
Switzerland has signed a statement with dozens of Western countries raising serious concerns about human rights abuses in Saudi Arabia.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.