Prince Mohammed bin Salman says peace with Iran is possible if Tehran stops backing regional militias


  • English
  • Arabic

Saudi Arabia wants regional stability and is not opposed to talks with Iran, provided Tehran stops sponsoring regional militias, Crown Prince Mohammed bin Salman said on Tuesday night.

Prince Mohammed also said Iran's continued nuclear programme was a serious source of contention.

There is no country in the world that would accept the presence of armed militias on its borders

Riyadh is also maintaining strong ties with the US, he said, in a wide-ranging interview with the Liwan Al Mudaifer Show on Tuesday night, which was broadcast on state TV.

Prince Mohammed, who rarely gives TV interviews, described in detail aspects of the country's ambitious Vision 2030 programme of reforms.

He said the success of this programme was partly based on having pragmatic foreign relations.

"It is based on our interests," Prince Mohammed said. "The majority of investments have come through the fact that our interests have aligned with the international community."

Relations with Biden

He said reports of Washington turning its back on Saudi Arabia  were exaggerated.

"Relations between states are not 100 per cent on the same page," Prince Mohammed said.

"Our interests align with the Biden administration by more than 90 per cent.

"There is no doubt that there are differences in views between Saudi Arabia and even other Gulf states, but within a single family views differ and that's normal."

He was keen to stress the historic relationship between the two countries.

"The US is a strategic and historic partner to the kingdom," Prince Mohammed said. "This relationship has had a profound impact on both states.

"With every new American administration differences appear and that is normal.

"We are working on strengthening our ties and alliances with our international partners."

Iran rapprochement 

He said that the kingdom was not interested in perpetual hostility with Iran, but any thawing of relations would be conditional.

"Iran is a neighbouring state," Prince Mohammed said. "We are seeking to have good relations with Iran.

"We have interests in Iran, we aim to see a prosperous Iran.

"We are working with our partners in the region to overcome our differences with Iran, especially with its support for militias and the development of its nuclear programme."

This month, government and diplomatic sources in Baghdad said Saudi and Iranian government officials held back-channel talks, below Cabinet level, in Baghdad.

  • Iraqi Prime Minister Mustafa Al Kadhimi leaves Riyadh after a visit aimed at boosting co-operation with Saudi Arabia. Saudi Press Agency
    Iraqi Prime Minister Mustafa Al Kadhimi leaves Riyadh after a visit aimed at boosting co-operation with Saudi Arabia. Saudi Press Agency
  • Mr Al Kadhimi says relations between Iraq and Saudi Arabia 'accelerated in a positive direction'. SPA
    Mr Al Kadhimi says relations between Iraq and Saudi Arabia 'accelerated in a positive direction'. SPA
  • Saudi Crown Prince Mohammed bin Salman and Mr Al Kadhimi visit the historical city Ad Diriyah on the outskirts of Riyadh. Reuters
    Saudi Crown Prince Mohammed bin Salman and Mr Al Kadhimi visit the historical city Ad Diriyah on the outskirts of Riyadh. Reuters
  • Prince Mohammed and Mr Al Kadhimi at Ad Diriyah during the Iraqi prime minister's visit to Saudi Arabia. Reuters
    Prince Mohammed and Mr Al Kadhimi at Ad Diriyah during the Iraqi prime minister's visit to Saudi Arabia. Reuters
  • Mr Al Kadhimi says Iraq and Saudi Arabia overcame challenges that were 'obstructing relations' between the countries. SPA
    Mr Al Kadhimi says Iraq and Saudi Arabia overcame challenges that were 'obstructing relations' between the countries. SPA
  • Mr Al Kadhimi holds talks with Prince Mohammed. SPA
    Mr Al Kadhimi holds talks with Prince Mohammed. SPA
  • Mr Al Kadhimi speaks to Prince Mohammed during a visit to Saudi Arabia. SPA
    Mr Al Kadhimi speaks to Prince Mohammed during a visit to Saudi Arabia. SPA
  • Prince Mohammed meets Mr Al Kadhimi during the Iraqi prime minister's trip to Saudi Arabia. Iraqi Prime Minister Media Office
    Prince Mohammed meets Mr Al Kadhimi during the Iraqi prime minister's trip to Saudi Arabia. Iraqi Prime Minister Media Office
  • Prince Mohammed welcomes Mr Al Kadhimi to Riyadh. Iraqi Prime Minister Media Office
    Prince Mohammed welcomes Mr Al Kadhimi to Riyadh. Iraqi Prime Minister Media Office
  • Mr Al Kadhimi held talks with Prince Mohammed during the visit. Iraqi Prime Minister Media Office
    Mr Al Kadhimi held talks with Prince Mohammed during the visit. Iraqi Prime Minister Media Office
  • Iraqi Prime Minister Mustafa Al Kadhimi meets with Saudi Crown Prince Mohammed bin Salman. Iraqi Prime Minister Media Office
    Iraqi Prime Minister Mustafa Al Kadhimi meets with Saudi Crown Prince Mohammed bin Salman. Iraqi Prime Minister Media Office
  • Crown Prince of Saudi Arabia Mohammed bin Salman and Iraq's Prime Minister Mustafa Al Kadhimi walk together on his arrival in Riyadh. SPA
    Crown Prince of Saudi Arabia Mohammed bin Salman and Iraq's Prime Minister Mustafa Al Kadhimi walk together on his arrival in Riyadh. SPA
  • Saudi Crown Prince Mohammed bin Salman welcomes Iraqi Prime Minister Mustafa Al Kadhimi. Iraqi Prime Minister Media Office
    Saudi Crown Prince Mohammed bin Salman welcomes Iraqi Prime Minister Mustafa Al Kadhimi. Iraqi Prime Minister Media Office
  • Crown Prince of Saudi Arabia Mohammed bin Salman. SPA
    Crown Prince of Saudi Arabia Mohammed bin Salman. SPA
  • Crown Prince of Saudi Arabia Mohammed bin Salman and Iraq's Prime Minister Mustafa Al Kadhimi in Riyadh. SPA
    Crown Prince of Saudi Arabia Mohammed bin Salman and Iraq's Prime Minister Mustafa Al Kadhimi in Riyadh. SPA
  • Preparations to welcome Iraqi Prime Minister Mustafa Al Kadhimi in Riyadh. SPA
    Preparations to welcome Iraqi Prime Minister Mustafa Al Kadhimi in Riyadh. SPA
  • The welcome ceremony in Riyadh for Iraqi Prime Minister Mustafa Al Kadhimi. SPA
    The welcome ceremony in Riyadh for Iraqi Prime Minister Mustafa Al Kadhimi. SPA
  • Iraqi Prime Minister Mustafa Al Kadhimi meets with Saudi Crown Prince Mohammed bin Salman. Iraqi Prime Minister Media Office
    Iraqi Prime Minister Mustafa Al Kadhimi meets with Saudi Crown Prince Mohammed bin Salman. Iraqi Prime Minister Media Office
  • Iraqi Prime Minister Mustafa Al Kadhimi meets with Saudi Crown Prince Mohammed bin Salman. Iraqi Prime Minister Media Office
    Iraqi Prime Minister Mustafa Al Kadhimi meets with Saudi Crown Prince Mohammed bin Salman. Iraqi Prime Minister Media Office

Iran and Saudi Arabia denied that the talks took place.

Any momentum is likely to be complicated by Iran's continued sponsorship of proxy militia groups in the region, including Hezbollah in Lebanon and Kataib Hezbollah in Iraq.

Kataib Hezbollah said it would resist efforts by Iraqi Prime Minister Mustafa Al Kadhimi to build ties with Riyadh.

At the start of April, Mr Al Kadhimi visited Riyadh and discussed co-operation in investment with the kingdom, including the establishment of a $3bn infrastructure investment fund.

Conflict in Yemen

The conflict in Yemen is also a sticking point in any rapprochement.

"We will not allow any armed militias on our borders," Prince Mohammed said. "The Houthis must come to the negotiating table.

"The Houthis have strong relations with Iran but at the end of the day, they are Yemenis and we are hoping to have a Yemeni solution to end the conflict.

"The Houthis' coup against the internationally recognised government is illegal and Saudi Arabia will not accept any armed militias on its borders.

"There is no country in the world that would accept the presence of armed militias on its borders, such as the Houthis.

"The Houthis must accept the Saudi ceasefire initiative and participate in talks. We hope that they will reach a solution that guarantees the rights for all."

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20JustClean%3Cbr%3E%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20with%20offices%20in%20other%20GCC%20countries%3Cbr%3E%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%3C%2Fstrong%3E%202016%3Cbr%3E%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20160%2B%20with%2021%20nationalities%20in%20eight%20cities%3Cbr%3E%3Cstrong%3E%3Cbr%3ESector%3A%3C%2Fstrong%3E%20online%20laundry%20and%20cleaning%20services%3Cbr%3E%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%2430m%20from%20Kuwait-based%20Faith%20Capital%20Holding%20and%20Gulf%20Investment%20Corporation%3C%2Fp%3E%0A
How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

COMPANY PROFILE

Company name: SimpliFi

Started: August 2021

Founder: Ali Sattar

Based: UAE

Industry: Finance, technology

Investors: 4DX, Rally Cap, Raed, Global Founders, Sukna and individuals

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Jewel of the Expo 2020

252 projectors installed on Al Wasl dome

13.6km of steel used in the structure that makes it equal in length to 16 Burj Khalifas

550 tonnes of moulded steel were raised last year to cap the dome

724,000 cubic metres is the space it encloses

Stands taller than the leaning tower of Pisa

Steel trellis dome is one of the largest single structures on site

The size of 16 tennis courts and weighs as much as 500 elephants

Al Wasl means connection in Arabic

World’s largest 360-degree projection surface

Tewellah by Nawal Zoghbi is out now.

RESULT

Arsenal 2

Sokratis Papastathopoulos 45 4'

Eddie Ntkeiah 51'

Portsmouth 0

 

UAE currency: the story behind the money in your pockets

Age 26

Born May 17, 1991

Height 1.80 metres

Birthplace Sydney, Australia

Residence Eastbourne, England

Plays Right-handed

WTA titles 3

Prize money US$5,761,870 (Dh21,162,343.75)

Wins / losses 312 / 181

Building boom turning to bust as Turkey's economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.

The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.

After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.

The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.

The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.

But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.

It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.

The specs

Engine: 1.4-litre 4-cylinder turbo

Power: 180hp at 5,500rpm

Torque: 250Nm at 3,00rpm

Transmission: 5-speed sequential auto

Price: From Dh139,995

On sale: now

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.