AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

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.