Alula: On the sidelines of the second meeting of emerging economies in AlUla, Saudi Arabia, the Minister of Economic Affairs and Finance of the Islamic Republic of Iran met and held talks with the President of the OPEC Fund for International Development (OPEC Fund).

According to Islamic Republic News Agency, Ali Madanizadeh, Iran's Minister of Economic Affairs and Finance, engaged in discussions with Abdulhamid Alkhalifa, the President of the OPEC Fund, during the second AlUla Conference for Emerging Market Economies. The summit was a collaborative effort hosted by the Saudi Ministry of Finance and the International Monetary Fund (IMF).

During their meeting, the parties reviewed the history of cooperation between Iran and the OPEC Fund. They explored ways to strengthen frameworks for financing developmental projects, focusing particularly on infrastructure, energy, and joint investments in developing countries. The discussions also centered on enhancing Iran's engagement with the OPEC Fund in alignment with the nation's economic policies.

The AlUla Conference for Emerging Market Economies brought together finance ministers, central bank governors, and senior economic officials from various countries. This international platform facilitated dialogue and exchange on global macroeconomic issues, shared challenges facing emerging economies, and strategies aimed at enhancing sustainable growth and economic resilience.

The summit placed emphasis on multilateral cooperation, the role of international financial institutions, and the coordination of economic policies in response to global developments.