Venezuela, Saudi Arabia bolster cooperation amid falling oil prices

The governments of Venezuela and Saudi Arabia on Tuesday expressed their commitment to strengthening boosting bilateral ties and revving up economic cooperation amid a major slump in global oil prices. At the inauguration ceremony of the First Joint Cooperation Commission in Caracas, the capital of Venezuela, the Venezuelan Foreign Minister Delcy Rodriguez said it was a "historic moment" to relaunch ties under the leadership of President Nicolas Maduro and the meeting would become an "ideal scenario" for the two nations to increase bilateral trade. More…