AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

RIYADH: Gulf Arab leaders gather on Tuesday for an annual summit expected to stress cohesion after a deep rift, at a time of regional concern over Iran and rising economic rivalry within the oil-producing bloc.

The Saudi crown prince toured Gulf states ahead of the summit, which comes nearly a year after Riyadh put an end to a 3-1/2-year Arab boycott of Qatar that had shattered the US-allied Gulf Cooperation Council.

Saudi Arabia and non-Gulf Egypt have restored diplomatic ties with Doha but the United Arab Emirates and Bahrain have yet to do so, though Abu Dhabi has moved to mend fences.

"I have to admit there are areas that will need some time, but I mean practical, functional (Gulf) cooperation is back on track," senior UAE official Anwar Gargash said last week.

Saudi UN envoy: Iran playing ‘games’ in talks with kingdom

Saudi media said Crown Prince Mohammed bin Salman's tour aimed to highlight solidarity as global powers seek to revive a nuclear pact with Iran, amid deepening Gulf uncertainty about the US role in the region.

Saudi Arabia and Iran are locked in a rivalry for influence that has played out across the region in events such as Yemen's war and in Lebanon, where Iran-backed Hezbollah's rising power has frayed Beirut's Gulf ties.

Riyadh and Abu Dhabi, concerned about Iran's nuclear ambitions, missile programme, and regional proxies, are engaging with Tehran to contain tension.

Saudi Arabia and the UAE have moved away from hawkish foreign policies that saw them wade into Yemen and lead the boycott of Qatar, to a more conciliatory approach as they vie to lure foreign investment, and win over US President Joe Biden.

Abu Dhabi has moved faster to mend fences with Iran and Turkey while also re-engaging with Syria after forging ties with Israel last year.

Comments

Comments are closed.