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Qatar restores ambassador to Iran amid regional crisis

Agencies
August 24, 2017

Qatar says its ambassador will return to Tehran more than 20 months after he was recalled in protest over the ransacking of Saudi Arabia's missions by protesters angry at Riyadh's execution of a prominent Shia Muslim cleric.

In a statement released on Thursday, the Qatari foreign ministry said its ambassador would "return to resume his diplomatic duties", as Doha wanted to strengthen ties in all fields with the Islamic republic.

The information office did not specify an exact date for the ambassador's return - or provide his name - but said Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani discussed "bilateral relations and means of boosting and developing them" in a telephone call with his Iranian counterpart Javad Zarif.

The decision to restore ties with Iran comes amid a diplomatic dispute between Qatar and several Arab countries, including Saudi Arabia, the UAE, Egypt and Bahrain.

They accuse Doha of meddling in the internal affairs of other countries and financing terrorism - a charge Qatar has dismissed as "baseless".

'A different direction'

Qatar recalled its ambassador to Tehran in January last year after Saudi Arabia cut ties with the Islamic Republic, accusing Iran of failing to protect its embassy in the capital and consulate in Mashahd against protesters who had ransacked them.

Demonstrators stormed the Saudi Embassy in Tehran over the kingdom’s execution of Sheikh Nimr al-Nimr, a Shia leader who had rallied anti-government protests in the kingdom's eastern province.

Saudi Arabia said the execution was justified as part of its "war on terrorism".

Kristian Coates Ulrichsen, a research fellow at the James A. Baker III Institute for Public Policy at Rice University said the decision to install the ambassador shows Qatar is prepared "to go in a different direction".

"It could very well be calculated toward reinforcing the point that Qatar will not bow to this regional pressure placed upon it," she told the AP news agency.

Qatar, which is dependent on food imports, imported the vast majority of its food from its Arab Gulf neighbours before they imposed a punishing trade and travel blockade.

Since June 11, Doha has been receiving fresh food supplies from the Iran, which has also allowed Qatar's national carrier to use its airspace.

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KT
April 14,2020

Dubai, Apr 14: Saudi Arabia reported 435 new cases of coronavirus, bringing the total number of infections in the country to 5369, the Ministry of Health announced on Tuesday.

According to the ministry of health the number of recoveries today are 84 cases, making total of recoveries in the kingdom 889.

The ministry also confirmed 8 deaths bringing the total number of deaths in the kingdom to 73.

Saudi Arabia imposed a 24-hour curfew and lockdown on the cities of Riyadh, Tabuk, Dammam, Dhahran and Hofuf and throughout the governorates of Jeddah, Taif, Qatif and Khobar. This week the curfew was extended until further notice.

Containment efforts
Saudi authorities are racing to contain an outbreak of coronavirus in the Islamic holy city of Mecca.

The total number of coronavirus cases reported in Mecca, home to 2 million people, reached 1,050 on Monday compared to 1,422 in the capital of Riyadh, a city more than three times the size. Mecca’s large number of undocumented immigrants and cramped housing for migrant workers have made it more difficult to slow the infection rate.

Saudi Arabia has reported one of the lowest rates of infection in the region, with around 5,000 cases in a population of over 30 million.

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News Network
April 30,2020

Riyadh, Apr 30: Saudi Arabia on Thursday recorded 1,351 new coronavirus cases in the last 24 hours, bringing the total number of infections in the country to 22,753, the Ministry of Health said in a statement.

The ministry also announced 5 more deaths and 210 new recoveries, raising the total number of fatalities and recoveries to 162 and 3,163 respectively.

Riyadh with 440 cases topped the list, followed by 392 cases in Makkah, 120 in Jeddah and 119 in Madinah.

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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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