Kuwait has called on Iran to start negotiations over the demarcation of its maritime borders as it reiterated the exclusive rights it shares with Saudi Arabia over Al Durra offshore gas field.
“The maritime area where Al Durra offshore field lies is part of the State of Kuwait’s sea territories, and the natural resources therein are shared between Kuwait and Saudi Arabia,” a source within the Foreign Ministry said, as reported by state news agency Kuna.
“Only the State of Kuwait and Saudi Arabia have exclusive rights to the natural resources of Al Durra field,” the ministry source reiterated.
Kuwaiti and Iranian officials held joint negotiations in Tehran in March regarding the demarcation of their maritime borders. Both sides stressed the need to settle the matter in accordance with international laws.
A year prior, Tehran had said that the agreement between Saudi Arabia and Kuwait to develop the gas field was "illegal", adding that Iran also has a share in the field and must be party to any such development.
The field, which lies in the shared neutral zone between Kuwait and Saudi Arabia, is expected to produce 1 billion cubic feet per day of gas and 84,000 barrels per day of condensate.
Iran has claimed it owns rights to part of the field, which it calls Arash, and has promised to proceed with the development of what it considers its own sector.
In 2016 Saudi Arabia and Kuwait reported attacks by the Iranian navy in the waters adjacent to the neutral zone.
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
How to become a Boglehead
Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.
• Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.
• Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.
• Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.
• Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.
• Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.
• Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.
• Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.
• Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.
ICC Awards for 2021
MEN
Cricketer of the Year – Shaheen Afridi (Pakistan)
T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)
ODI Cricketer of the Year – Babar Azam (Pakistan)
Test Cricketer of the Year – Joe Root (England)
WOMEN
Cricketer of the Year – Smriti Mandhana (India)
ODI Cricketer of the Year – Lizelle Lee (South Africa)
T20 Cricketer of the Year – Tammy Beaumont (England)
The biog
Favourite films: Casablanca and Lawrence of Arabia
Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins
Favourite dish: Grilled fish
Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.
