After the historic and important visit made by Sultan of Oman Haitham bin Tariq to Saudi Arabia, yesterday, Sunday, and his meeting with King Salman bin Abdulaziz and his crown prince, Abu Dhabi Crown Prince Mohammed bin Zayed met in Dubai with the ruler of the emirate, Mohammed bin Rashid.
And Mohammed bin Zayed tweeted on his official account on Twitter: “I met my brother Mohammed bin Rashid in Dubai…we discussed our national achievements and the development of ambitious strategic plans in development and the economy.”
And Mohammed bin Zayed continued: “The UAE, under the leadership of Khalifa, is continuing to build and develop with confidence and optimism towards the future, in a manner that consolidates the success of its march and progress and preserves its gains.”
I met my brother Mohammed bin Rashid in Dubai..we discussed our national achievements and the development of ambitious strategic plans in development and the economy..the UAE, under the leadership of Khalifa, is proceeding in construction and development with confident and optimistic steps towards the future in a manner that consolidates the success of its march and progress and preserves its gains pic.twitter.com/uKDzBUQbIm
— Mohammed bin Zayed (@MohamedBinZayed) July 12, 2021
The meeting of Mohammed bin Zayed and Mohammed bin Rashid and the dispute with Saudi Arabia
This meeting between Mohammed bin Zayed and the ruler of Dubai also comes in light of the dispute between Saudi Arabia and the UAE, regarding the extension of the agreement to reduce oil production.
The row erupted last week when the UAE objected to extending a proposal imposing limits on production volumes for an additional eight months.
At the heart of the dispute between Riyadh and Abu Dhabi is the issue of the volume of production, through which each country’s share is calculated.
The failure to reach an agreement on production quotas has led to a sharp rise in crude oil prices, threatening the weak global recovery due to the Covid-19 pandemic.
The dispute between Saudi Arabia and the UAE poses a threat to the continuity of the “OPEC Plus” group, which may cause a price war that may lead to global economic chaos.
On Monday afternoon, Sultan Haitham bin Tariq returned to the Sultanate after concluding a two-day visit to the Kingdom of Saudi Arabia by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud.
During the visit, the Sultan held talks with King Salman in the city of NEOM, during which they discussed all means that would strengthen solid relations, maximize areas of cooperation, and strengthen the bonds of brotherhood between the Omani and Saudi peoples.
Read also: This is what awaits the relations of the Sultanate of Oman and Saudi Arabia from the historic visit of Sultan Haitham bin Tariq
On Sunday, the Kingdom of Saudi Arabia and the Sultanate of Oman signed a memorandum of understanding to establish a joint coordination council aimed at coordinating their positions in all fields.
Saudi King Salman bin Abdulaziz and Sultan of Oman Haitham bin Tariq attended the signing of a memorandum of understanding to form the Saudi-Omani Coordination Council.
The Saudi-Omani Coordination Council seeks to strengthen bilateral relations between the two countries.
Why did Sultan Haitham bin Tariq choose Saudi Arabia as the first foreign destination?
Observers believe that the Omani-Saudi relations are heading to new levels after the historic visit of Sultan Haitham bin Tariq to the Kingdom and his meeting with King Salman bin Abdulaziz, heralding a new era of broader prosperity and expanded cooperation between the two countries.
The choice of Saudi Arabia as Sultan Haitham’s first foreign destination since he took power last year indicates mutual interest and Oman’s respect for the kingdom, the region’s largest economy with vast oil reserves.
“There has been a lot of work behind the scenes trying to build a foundation for something more important between the Saudis and the Omanis,” Ayham Kamel, head of the Middle East and North Africa division at the political risk advisory Eurasia Group, was quoted as saying.
“The close relationship with Saudi Arabia may be an economic boon for Oman, which is struggling to diversify its economy away from oil,” Kamel said.
– homeland. Tweeting outside the flock (@watan_usa) July 11, 2021
sandwiched between Saudi Arabia and its rival Iran, Oman has long played the role of a neutral mediator, particularly in efforts to settle the seven-year conflict in Yemen.
Strong ties with Saudi Arabia could become crucial as Sultan Haitham faces tens of billions of dollars in outstanding debt, an “undesirable” credit rating and high youth unemployment. The outbreak of the Corona virus and the decline in oil prices have also exacerbated the financial problems of the Gulf state.
The Sultanate, which shares a border with Yemen, has intensified diplomatic efforts aimed at securing a ceasefire between Houthi fighters and the Saudi-led Arab coalition that has been fighting the group for more than six years.
Talks between the coalition and the Houthis focused on steps to lift the blockade of Houthi-controlled ports and Sanaa airport in exchange for a promise from the Iran-aligned group to hold armistice talks.
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