Saudi, UAE leaders maintain name amid rising regional rivalry


DUBAI:

The crown princes of Saudi Arabia and the United Arab Emirates mentioned bilateral relations and different points in a cellphone name, state media of the 2 nations stated on Monday.

Regardless of being shut allies, financial competitors between the Gulf neighbours has been laying naked variations as Riyadh tries to problem its smaller neighbour’s dominance because the area’s enterprise, commerce and tourism hub in a post-oil period.

Their nationwide pursuits have diverged more and more in recent times, in addition to their views on regional points equivalent to their relations with Israel and Turkey.

Learn Oil down after deep Saudi worth cuts spur demand considerations

Saudi Arabia’s Crown Prince Mohammed bin Salman and Abu Dhabi Crown Prince Mohammed bin Zayed al-Nahyan – the de facto leaders of the 2 Gulf states – mentioned the prospects for growing strategic cooperation, UAE state information company WAM stated.

The UAE on Sunday introduced a raft of recent initiatives to spice up its financial competitiveness and appeal to overseas funding, together with making its visa regulation extra versatile to draw residents and expert staff.

The UAE’s Sheikh Mohammed visited Saudi Arabia in July after tensions rose between the allies that led to an open standoff over oil coverage.

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