Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

UAE FM welcomes China-brokered Saudi-Iran pact to resume ties

UAE's Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan.
  • Al Nahyan highlighted the importance of the agreement and its role in achieving stability in the region and meeting the aspirations of their peoples for development and prosperity
  • The UAE minister applauded the role of China in bringing about the resumption of Saudi-Iranian diplomatic relations that had remained broken for about seven years

Abu Dhabi, UAE–Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation has made a phone call to Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, during which he expressed the UAE’s welcome of the Riyadh and Tehran agreement to resume diplomatic relations between the two countries.

During the phone call, Al Nahyan underscored the significance of this step and its role in achieving stability in the region and meeting the aspirations of their peoples for development and prosperity.

He also emphasised that the UAE believes in the importance of working to enhance the principles of good neighbourliness and support constructive dialogue, which helps development in the region, and promotes tolerance and coexistence among its people.

Also read: Iran, Saudi agree to restore severed ties after talks in China

The minister praised the role played by of the People’s Republic of China and its efforts that led to the resumption of Saudi-Iranian diplomatic relations, highlighting the depth of historical ties and the comprehensive strategic partnership between the UAE and China, as well as the distinguished relations between China and all GCC countries.

He also emphasised the strength of the fraternal and longstanding relations between the UAE and the Kingdom of Saudi Arabia, wishing continuous progress, stability, and prosperity for the Saudi leadership, government and people.