"Yes there was a moment of conflict and disagreement, but that doesn't take away from the fact that we are both strategic allies and we are friends, and this relationship is critical for the world," envoy Princess Reema bint Bandar Al Saud said at a panel at the World Economic Forum in Davos.

(Reporting by Maha El Dahan; Writing by Ghaida Ghantous; Editing by Frank Jack Daniel)