AGL 38.54 Increased By ▲ 0.97 (2.58%)
AIRLINK 129.50 Decreased By ▼ -3.00 (-2.26%)
BOP 5.61 Decreased By ▼ -0.03 (-0.53%)
CNERGY 3.86 Increased By ▲ 0.09 (2.39%)
DCL 8.73 Decreased By ▼ -0.14 (-1.58%)
DFML 41.76 Increased By ▲ 0.76 (1.85%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 67.35 Increased By ▲ 0.85 (1.28%)
FFL 10.61 Increased By ▲ 0.46 (4.53%)
HUBC 108.76 Increased By ▲ 2.36 (2.22%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.75 Decreased By ▼ -0.11 (-2.26%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.65 Decreased By ▼ -0.15 (-0.36%)
NBP 59.60 Increased By ▲ 1.02 (1.74%)
OGDC 183.00 Increased By ▲ 1.75 (0.97%)
PAEL 26.25 Increased By ▲ 0.55 (2.14%)
PIBTL 5.97 Increased By ▲ 0.14 (2.4%)
PPL 146.70 Decreased By ▼ -1.70 (-1.15%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.30 Decreased By ▼ -0.49 (-0.71%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.95 Decreased By ▼ -0.05 (-0.14%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,809 Increased By 41.1 (0.42%)
BR30 29,711 Increased By 311.1 (1.06%)
KSE100 92,406 Increased By 468.1 (0.51%)
KSE30 28,874 Increased By 129.9 (0.45%)

Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and his Iranian counterpart, Hossein Amirabdollahian, have agreed to meet during the ongoing Muslim holy month of Ramadan, the Saudi state news agency SPA said on Monday, under a deal to restore ties.

Both ministers spoke by phone for the second time in a few days, SPA said.

“During the call, a number of common issues were discussed in light of the tripartite agreement that was signed in the People’s Republic of China.

The two ministers also agreed to hold a bilateral meeting between them during the ongoing month of Ramadan,“ SPA said. Ramadan is likely to end on April 20.

Earlier this month, Iran and Saudi Arabia agreed to revive relations after years of hostility that had threatened stability and security in the Gulf and helped fuel conflicts in the Middle East from Yemen to Syria.

The deal between the regional powers, Saudi Arabia and long-time rival Iran, brokered by China, was announced after previously undisclosed talks in Beijing between top security officials from the two countries.

Analysts say both sides stand to benefit from de-escalation, as Iran seeks to undercut US efforts to isolate it in the region and Saudi Arabia tries to focus on economic development.

Saudi, Iranian foreign ministers to meet to pave way to re-open embassies

Saudi Arabia cut ties with Iran in 2016 after its embassy in Tehran was stormed during a dispute between the two countries over Riyadh’s execution of a Shia Muslim cleric.

The kingdom also has blamed Iran for missile and drone attacks on its oil facilities in 2019 as well as attacks on tankers in Gulf waters.

Iran denied those allegations. Yemen’s Iran-aligned Houthi movement has also carried out cross-border missile and drone attacks into Saudi Arabia, which leads a coalition fighting the Houthis, and in 2022 extended the strikes to the United Arab Emirates.

Comments

Comments are closed.

Az_Iz Mar 27, 2023 06:42pm
A welcome change, which should also make it easier for other countries like Pakistan, to improve relations and trade with Iran without having to worry about upsetting the Kingdom.
thumb_up Recommended (0)