AIRLINK 201.26 Increased By ▲ 7.70 (3.98%)
BOP 10.17 Increased By ▲ 0.22 (2.21%)
CNERGY 7.70 Decreased By ▼ -0.23 (-2.9%)
FCCL 40.15 Decreased By ▼ -0.50 (-1.23%)
FFL 16.86 No Change ▼ 0.00 (0%)
FLYNG 26.75 Decreased By ▼ -1.00 (-3.6%)
HUBC 132.99 Increased By ▲ 0.41 (0.31%)
HUMNL 13.95 Increased By ▲ 0.06 (0.43%)
KEL 4.70 Increased By ▲ 0.10 (2.17%)
KOSM 6.59 Decreased By ▼ -0.03 (-0.45%)
MLCF 46.75 Decreased By ▼ -0.85 (-1.79%)
OGDC 213.00 Decreased By ▼ -0.91 (-0.43%)
PACE 6.93 No Change ▼ 0.00 (0%)
PAEL 41.55 Increased By ▲ 0.31 (0.75%)
PIAHCLA 17.10 Decreased By ▼ -0.05 (-0.29%)
PIBTL 8.16 Decreased By ▼ -0.25 (-2.97%)
POWER 9.50 Decreased By ▼ -0.14 (-1.45%)
PPL 182.44 Increased By ▲ 0.09 (0.05%)
PRL 41.87 Decreased By ▼ -0.09 (-0.21%)
PTC 24.71 Decreased By ▼ -0.19 (-0.76%)
SEARL 111.30 Increased By ▲ 4.46 (4.17%)
SILK 1.00 Increased By ▲ 0.01 (1.01%)
SSGC 43.99 Increased By ▲ 3.89 (9.7%)
SYM 18.95 Increased By ▲ 1.48 (8.47%)
TELE 8.90 Increased By ▲ 0.06 (0.68%)
TPLP 12.96 Increased By ▲ 0.21 (1.65%)
TRG 67.67 Increased By ▲ 0.72 (1.08%)
WAVESAPP 11.50 Increased By ▲ 0.17 (1.5%)
WTL 1.80 Increased By ▲ 0.01 (0.56%)
YOUW 4.00 Decreased By ▼ -0.07 (-1.72%)
BR100 12,200 Increased By 155.1 (1.29%)
BR30 36,696 Increased By 115.5 (0.32%)
KSE100 115,093 Increased By 1055.6 (0.93%)
KSE30 36,193 Increased By 398.2 (1.11%)

The United Arab Emirates said Tuesday it was forming a new military and economic committee with Saudi Arabia separate from the Gulf Cooperation Council. The move comes with Kuwait hosting a two-day summit of the GCC, which is riven by divisions after Saudi Arabia and its allies cut ties with Qatar earlier this year. The committee "will co-ordinate between the two countries in all military, political, economic, trade and cultural fields," according to a decree issued by UAE President Sheikh Khalifa bin Zayed Al-Nahyan.
There was no immediate confirmation from Saudi authorities. The two countries are close military allies, including in Yemen where a Saudi-led coalition is battling Iran-backed rebels.
Saudi Arabia, the UAE and Bahrain, together with Egypt, cut all ties with Qatar on June 5, accusing the gas-rich emirate of supporting Islamist extremists and of being too close to Shiite Iran, Riyadh's arch-rival. Qatar denies the allegations. Mediation efforts led by Kuwait have failed to resolve what is the worst crisis to hit the Gulf Cooperation Council in its 36-year history, casting serious doubts over the future of the six-state alliance.

Comments

Comments are closed.