Saudi crown prince arrives in UAE on Gulf tour amid economic rivalry

Saudi crown prince arrives in UAE on Gulf tour amid economic rivalry

7/12/2021 11:21:00 PM

Saudi crown prince arrives in UAE on Gulf tour amid economic rivalry

DUBAI: Saudi Crown Prince Mohammed bin Salman, on a tour of the Gulf region, arrived on Tuesday (Dec 7) in the United Arab Emirates, an ally locked in a growing economic rivalry with the kingdom. He was met by the UAE\u0027s de facto ruler, Abu Dhabi Crown Prince Mohammed bin Zayed, on arrival in the capital Ab

DUBAI: Saudi Crown Prince Mohammed bin Salman, on a tour of the Gulf region, arrived on Tuesday (Dec 7) in the United Arab Emirates, an ally locked in a growing economic rivalry with the kingdom.He was met by the UAE's de facto ruler, Abu Dhabi Crown Prince Mohammed bin Zayed, on arrival in the capital Abu Dhabi on a two-day visit, state media said.

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The tour comes ahead of a Gulf summit this month amid talks between Tehran and world powers aimed at salvaging a 2015 nuclear pact, a deal Gulf Arab states have criticised for not tackling Tehran's missiles programme and regional behaviour.The ambitious princes of Riyadh and Abu Dhabi had forged an alliance that propelled a hawkish foreign policy which saw them launch a military campaign in Yemen, lead an Arab boycott of Qatar and lobby Washington to take a tougher stance with Iran.

But economic rivalry and national interests have seen them chart separate paths, with differences first emerging in 2019 when the UAE withdrew its military presence in Yemen and started engaging with Iran, and then last year when it forged ties with Israel. headtopics.com

With Gulf uncertainty deepening over the US role in the region, Riyadh this year began direct talks with Iran to contain regional tensions as Gulf states double down on economic growth.Saudi Arabia is vying to become a regional commercial and tourism hub, a position long held by the UAE.

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Prince Mohammed's visit comes after a top Emirati official visited Iran on Monday, the latest push by Abu Dhabi to mend ties with rivals including Turkey. Riyadh has been slower to respond to overtures by Ankara.The Saudi prince is due to visit Qatar on Wednesday for the first time since 2017 when Riyadh and its allies boycotted Doha in a row that Saudi Arabia declared an end to last January.

Read more: CNA »

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UAE to shift to Saturday-Sunday weekend to align with global marketsDUBAI: The United Arab Emirates said on Tuesday (Dec 7) it would transition to a four-and-a-half-day working week starting next year, with the full weekend falling on Saturday and Sunday in a move aimed at better aligning its economy with global markets. The oil-producing Gulf state, the region\u0027s commercia 2 n a half day weekend is pretty good. I shall move to Dubai! Bye bye Singapore!

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