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May. 1, 2021
Iranian Foreign Minister Mohammad Javad Zarif has had a jam-packed and aggravating week. It began with the publication of parts of his seven-hour interview in February with an Iranian research institute, which was leaked to the Iran International website that’s funded by Saudi Arabia.
In the published excerpts, Zarif spoke about the clashes between Iran’s Foreign Ministry and Revolutionary Guards on the nuclear agreement. He said late Quds Force chief Qassem Soleimani would insist that he ask the representatives at the talks to stall, and that Russia was on board in efforts to block the agreement before it was signed in 2015. “I sacrificed diplomacy for the battlefield,” Zarif lamented.
Saudi-Iran Trade and Iranian Concessions Can Lead to Peace
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Pakistan PM Imran Khan praises Saudi’s initiative of peace with Iran
In a television interview broadcast by Al-Arabiya on Tuesday, Prince Mohammed said, Iran is a neighboring country, and all we aspire for is a good and special relationship with Iran.
By Sakina Fatima| Updated: 29th April 2021 4:48 pm IST Pakistani Prime Minister Imran Khan welcome Saudi initiative for peace with Iran.
Pakistan’s Prime Minister Imran Khan on Wednesday welcomed Crown Prince Muhammad bin Salman’s statement that Saudi Arabia wants to mend ties and trying to balance long-held animosity with Iran over economic considerations and bridge differences.
“We welcome the KSA initiative for peace with Iran. Iran is our neighbour and KSA our closest friend. This peace initiative will strengthen the Muslim Ummah,” Imran Khan said in a tweet.
Saudi Arabia’s plans to diversify its economy hinges largely on funding from Aramco and other leading public sector entities while large private sector players are expected to join the massive 5 trillion-riyal ‘Shareek’ investment plan.
The recent confirmation by Saudi Arabia’s Crown Prince Mohammed Bin Salman that the kingdom is in talks to sell a 1 per cent stake in state oil giant is a clear indication that the Kingdom will rely on funding through Aramco to finance a lion’s share of its massive economic diversification plan.
Saudi Arabia’s newly announced investment programme aims to achieve a big leap in economic revival with the authorities aiming to increase domestic non-central government investments from the SAR4 trillion ($1.1 trillion) level realised over 2009-2018 to SAR10 trillion over the next decade, an ambitious 150 per cent increase.
Mohamed Bin Salman leaves the door open to rapprochement with Iran
The two countries have not maintained diplomatic relations since 2016, and have multiple open fronts such as the war in Yemen
PHOTO/ Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS - Saudi Crown Prince Mohammed bin Salman
The arrival of Joe Biden in the White House, as well as the Vienna talks, are causing changes in Middle East geopolitics. Just over a week ago, an alleged meeting between senior Iranian and Saudi officials in Baghdad was leaked with the aim of bringing the two sides closer together. A hitherto unthinkable event that only the arrival of Joe Biden to the US presidency has been able to achieve.
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