POLITICS | Gulf Arab Ministers Discuss Steps To Resolve Diplomatic Dispute

Gulf Arab foreign ministers held a virtual meeting on Sunday ahead of a summit to discuss steps towards ending a diplomatic row that has undermined regional stability and thwarted Washington’s efforts to form a united front against Iran.
Saudi Arabia, the United Arab Emirates (UAE) and Bahrain served diplomatic ties with Qatar in 2017, accusing it of backing ‘terrorist’ groups. Doha denies the charge and accuses its neighbors of seeking to curtail its sovereignty.
However, Riyadh has pushed for a resolution of the dispute as it seeks to often criticism from U.S. President – elect Joe Biden, who has pledged to take a firmer stance with the kingdom than his predecessor.
Bahrain said in a statement that the virtual meeting it hosted on Sunday of foreign ministers of the Gulf Cooperation Council (GCC) will prepare the ground for the 41st session of the GCC Summit which will be held on Jan.5.
Foreign ministers of Saudi Arabia, the UAE, Kuwait, Oman and Bahrain attended the meeting, state media reported. Minister of State for Foreign Affairs Sultan bin Saad Al Muraikhi represented Qatar, the Foreign ministry said in a statement.
It was unclear if an agreement has been secured.
‘Talks have been going on an eventual agreement but it is still work in progress’, a Gulf official told Reuters.
Sources have said they expected an agreement to be reached by the summit that could result in a set of principles for negotiations or a more concrete move involving reopening airspace to Qatar.
But Qatar has told Kuwait and the United States, the two mediators in the dispute, that any resolution should be based on mutual respect, including of foreign policy.
Doha had been set 13 demands, ranging from closing Al Jazeera television and shuttering a Turkish to cutting to the Muslim Brotherhood and downgrading ties with Iran.
Saudi Arabian Foreign Ministers Prince Faisal bin Farhan Al Saud said this month that a resolution to the dispute with Qatar seemed ‘within reach’ after Kuwait announced progress towards ending the row.

Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

PARIS, France – Saudi Arabia’s industry and Mineral Resources said on Friday the country would invest $3.4 billion in the vaccine and biomedical drugs sector, according to state news agency SPA. The Minister Bandar Alkhorayef, who heads the newly – established vaccines and biopharmaceutical industry committee, said the move is part of the kingdom’s push … More Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

Saudi Arabia’s Crown Prince Arrives In Egypt, Will Visit Jordan And Turkey Next

PARIS, France – Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Egypt on Monday and was welcomed by Egyptian President Abdel – Fattah el Sisi, state news agency SPA reported. The Crown Prince’s visit to Egypt is part of a tour that will include visiting Jordan and Turkey next. The visits were based on … More Saudi Arabia’s Crown Prince Arrives In Egypt, Will Visit Jordan And Turkey Next

Sheikh Mansour Bin Zayed Establishes National Media Office in UAE

PARIS, France – Sheikh Mansour bin Zayed, the UAE’s deputy prime minister and minister of presidential affairs, on Wednesday launched the National Media Office. The unit is tasked with developing the media sector, legislation, regulations, and decisions on media development while also monitoring the implementation of legislation in coordination with the relevant authorities and administrative … More Sheikh Mansour Bin Zayed Establishes National Media Office in UAE

Abu Dhabi’s Mubadala And EQT Fund To Buy Sweden’s Envirotainer

PARIS, France – Abu Dhabi state fund Mubadala and a fund managed by European buyout firm EQT have agreed to buy Envirotainer, a Swedish company which leases out cold containers for shipping temperature – sensitive healthcare products. Mubadala and the EQT X fund are buying the company from European buyout firm Cinven and Denmark life … More Abu Dhabi’s Mubadala And EQT Fund To Buy Sweden’s Envirotainer

Russia’s Lavrov To Meet With GCC Ministers In Riyadh On Wednesday – Officials

PARIS, France – Russian Foreign Minister Sergei Lavrov will visit Saudi Arabia on Wednesday where he will meet with the foreign ministers of the Gulf Cooperation Council Countries (GCC), two Gulf officials said on Tuesday. Lavrov is expected to meet with ministers of Saudi Arabia, the United Arab Emirates, Oman, Kuwait, Bahrain and Qatar in … More Russia’s Lavrov To Meet With GCC Ministers In Riyadh On Wednesday – Officials

Dubai Cooling Firm Empower Invited Banks To Pitch For IPO – Sources

DUBAI – Dubai’s Emirates Central Cooling System Cooperation (Empower) has invited investment banks to pitch for roles in its planned initial public offering, which is slated for later this years, two sources with direct knowledge of the matter said. Empower, which is part owned by Dubai Electricity and Water Authority (DEWA), has asked banks to … More Dubai Cooling Firm Empower Invited Banks To Pitch For IPO – Sources


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s