• Kuwait Emir Sheikh Nawaf Al Sabah, Qatar Emir Sheikh Tamim, Omani Deputy Prime Minister Fahad bin Mahmoud, Saudi Crown Prince and Prime Minister Mohammed bin Salman, Bahrain Prince Salman bin Hamad Al Khalifa, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Dr Nayef Al Hajraf, Secretary General of the GCC. Courtesy Ministry of Foreign Affairs - Saudi Arabia
    Kuwait Emir Sheikh Nawaf Al Sabah, Qatar Emir Sheikh Tamim, Omani Deputy Prime Minister Fahad bin Mahmoud, Saudi Crown Prince and Prime Minister Mohammed bin Salman, Bahrain Prince Salman bin Hamad Al Khalifa, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Dr Nayef Al Hajraf, Secretary General of the GCC. Courtesy Ministry of Foreign Affairs - Saudi Arabia
  • Saudi Crown Prince Mohammed bin Salman signing the Al Ula statement during this summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
    Saudi Crown Prince Mohammed bin Salman signing the Al Ula statement during this summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai signing the Al Ula statement during this summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai signing the Al Ula statement during this summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
  • A general view of the Gulf Cooperation Council's (GCC) 41st Summit, is pictured via screen at the media centre in Al-Ula, Saudi Arabia January 5, 2021. REUTERS/Ahmed Yosri
    A general view of the Gulf Cooperation Council's (GCC) 41st Summit, is pictured via screen at the media centre in Al-Ula, Saudi Arabia January 5, 2021. REUTERS/Ahmed Yosri
  • U.S. White House Senior Adviser Jared Kushner attends the Gulf Cooperation Council's (GCC) 41st Summit in Al-Ula, Saudi Arabia January 5, 2021. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY
    U.S. White House Senior Adviser Jared Kushner attends the Gulf Cooperation Council's (GCC) 41st Summit in Al-Ula, Saudi Arabia January 5, 2021. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY
  • Saudi Crown Prince Mohammed bin Salman at the summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
    Saudi Crown Prince Mohammed bin Salman at the summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
  • Qatar Emir Sheikh Tamim at the summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
    Qatar Emir Sheikh Tamim at the summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
  • Dr Nayef Al Hajraf, Secretary General of the GCC at the summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
    Dr Nayef Al Hajraf, Secretary General of the GCC at the summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
  • Oman Deputy Prime Minister Fahad bin Mahmoud signing the Al Ula statement during this summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
    Oman Deputy Prime Minister Fahad bin Mahmoud signing the Al Ula statement during this summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
  • Bahrain Crown Prince Salman bin Hamad bin Isa Al Khalifa signing the Al Ula statement during this summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
    Bahrain Crown Prince Salman bin Hamad bin Isa Al Khalifa signing the Al Ula statement during this summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
  • Kuwait Emir Sheikh Nawaf Al Sabah signing the Al Ula statement during this summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
    Kuwait Emir Sheikh Nawaf Al Sabah signing the Al Ula statement during this summit. Courtesy Ministry of Foreign Affairs - Saudi Arabia
  • Secretary-General of the Gulf Cooperation Council (GCC) Nayef Falah Al Hajraf attends a press conference at the Gulf Cooperation Council's 41st Summit in Al-Ula, Saudi Arabia. Reuters
    Secretary-General of the Gulf Cooperation Council (GCC) Nayef Falah Al Hajraf attends a press conference at the Gulf Cooperation Council's 41st Summit in Al-Ula, Saudi Arabia. Reuters
  • Secretary-General of the Gulf Cooperation Council (GCC) Nayef Falah Al Hajraf. AP Photo
    Secretary-General of the Gulf Cooperation Council (GCC) Nayef Falah Al Hajraf. AP Photo
  • Saudi Foreign Minister Prince Faisal bin Farhan Al Saud holds a press conferece. AFP
    Saudi Foreign Minister Prince Faisal bin Farhan Al Saud holds a press conferece. AFP
  • Saudi Foreign Minister Prince Faisal bin Farhan Al Saud holds a press conferece. AFP
    Saudi Foreign Minister Prince Faisal bin Farhan Al Saud holds a press conferece. AFP
  • Saudi Foreign Minister Prince Faisal bin Farhan Al Saud holds a press conferece. AFP
    Saudi Foreign Minister Prince Faisal bin Farhan Al Saud holds a press conferece. AFP
  • Secretary-General of the Gulf Cooperation Council (GCC) Nayef Falah al-Hajraf gestures during a news conference at the Gulf Cooperation Council's (GCC) 41st Summit in Al-Ula, Saudi Arabia January 5, 2021. REUTERS/Ahmed Yosri
    Secretary-General of the Gulf Cooperation Council (GCC) Nayef Falah al-Hajraf gestures during a news conference at the Gulf Cooperation Council's (GCC) 41st Summit in Al-Ula, Saudi Arabia January 5, 2021. REUTERS/Ahmed Yosri
  • Secretary-General of the Gulf Cooperation Council (GCC) Nayef Falah al-Hajraf and Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al Saud speak during a joint news conference at the Gulf Cooperation Council's (GCC) 41st Summit in Al-Ula, Saudi Arabia January 5, 2021. Reuters
    Secretary-General of the Gulf Cooperation Council (GCC) Nayef Falah al-Hajraf and Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al Saud speak during a joint news conference at the Gulf Cooperation Council's (GCC) 41st Summit in Al-Ula, Saudi Arabia January 5, 2021. Reuters
  • Saudi Arabia's Crown Prince Mohammed bin Salman meets Qatar's Emir Sheikh Tamim bin Hamad al-Thani during the Gulf Cooperation Council's (GCC) 41st Summit in Al-Ula, Saudi Arabia January 5, 2021. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY
    Saudi Arabia's Crown Prince Mohammed bin Salman meets Qatar's Emir Sheikh Tamim bin Hamad al-Thani during the Gulf Cooperation Council's (GCC) 41st Summit in Al-Ula, Saudi Arabia January 5, 2021. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY

GCC summit: Saudi crown prince calls for unity in face of Iran challenges


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Regional states must show unity to counter Iran's regional interference, Saudi Arabia's Crown Prince Mohammed bin Salman said at the GCC summit on Tuesday.

The call came amid signs that a years-long rift with Qatar had been resolved.

The Saudi crown prince and Qatar's Emir Sheikh Tamim exchanged a warm embrace on the tarmac at Al Ula airport after the Qatari delegation arrived for the 41st Gulf Co-operation Council summit.

Qatar's emir is attending the summit for the first time since 2017, when fellow bloc members Saudi Arabia, the UAE and Bahrain, along with Egypt, cut off ties over Doha's support for extremist groups.

"We are today in need of co-operation in our efforts, in the face of challenges in our region – especially the nuclear and ballistic missiles programme in Iran, which aims to shake up the stability of the region," Prince Mohammed said in the opening address.

“We need to realise the aims that the GCC is based on, the continued journey in all fields,” he said.

He thanked the gathered leaders for their "bold steps" in attending the summit.

Referring to the summit statement signed by all six GCC leaders, Prince Mohammed said: "The Al Ula Accord emphasises Gulf, Arab and Islamic solidarity and stability as well as the strengthening of friendship and brotherhood between our countries and people."

The contents of the accord were not immediately made public.

Speaking after Prince Salman, Kuwaiti emir Sheikh Nawaf Al Sabah said the Al Ula Accord "can be called the solidarity agreement".

"We congratulate everyone on the historic achievement that has been reached here at the summit," he said.

Sheikh Nawaf was attending his first summit as Kuwaiti emir after succeeding his brother Sheikh Sabah, who died in September.

Prince Mohammed said the summit would be named after Sheikh Sabah and Sultan Qaboos of Oman, who died in January last year.

"This year, the GCC summit is missing two great leaders who played a major role in mediating talks between member states, the late Sheikh Sabah Al Ahmad Al Sabah and the late Sultan Qaboos," Prince Mohammed said in his speech.

The summit was held amid expectations that the rift with Qatar would be resolved following Saudi Arabia's announcement on Monday evening that it was reopening land, sea and air borders with its neighbour, which had been closed since 2017.

Egypt's Foreign Minister Sameh Shukry also attended the summit.

“Egypt appreciates and values every sincere effort made to achieve reconciliation between the four nations [Saudi Arabia, UAE, Bahrain and Egypt] and Qatar, especially the efforts of the brotherly state of Kuwait over the past years,” said the Foreign Ministry statement.

  • Crown Prince Mohammed bin Salman welcoming Emir of Qatar Tamim bin Hamad Al-Thani upon his arrival in the city of al-Ula. AFP
    Crown Prince Mohammed bin Salman welcoming Emir of Qatar Tamim bin Hamad Al-Thani upon his arrival in the city of al-Ula. AFP
  • Saudi Crown Prince Mohammed bin Salman embraces Qatari Emir Sheikh Tamim upon arrival at Al Ula
    Saudi Crown Prince Mohammed bin Salman embraces Qatari Emir Sheikh Tamim upon arrival at Al Ula
  • Crown Prince of Saudi Arabia, Mohammed bin Salman greets Sheikh Mohammed bin Rashid, the UAE Vice President and Ruler of Dubai upon arrival in Al Ula. SPA
    Crown Prince of Saudi Arabia, Mohammed bin Salman greets Sheikh Mohammed bin Rashid, the UAE Vice President and Ruler of Dubai upon arrival in Al Ula. SPA
  • Crown Prince of Saudi Arabia, Mohammed bin Salman greets Sheikh Mohammed bin Rashid, the UAE Vice President and Ruler of Dubai upon arrival in Al Ula. SPA
    Crown Prince of Saudi Arabia, Mohammed bin Salman greets Sheikh Mohammed bin Rashid, the UAE Vice President and Ruler of Dubai upon arrival in Al Ula. SPA
  • Saudi Crown Prince Mohammed bin Salman welcomes Emir Sheikh Nawaf Al Sabah of Kuwait. SPA
    Saudi Crown Prince Mohammed bin Salman welcomes Emir Sheikh Nawaf Al Sabah of Kuwait. SPA
  • Saudi Crown Prince Mohammed bin Salman welcomes Oman Deputy Prime Minister, Fahad bin Mahmoud. SPA
    Saudi Crown Prince Mohammed bin Salman welcomes Oman Deputy Prime Minister, Fahad bin Mahmoud. SPA
  • Saudi Crown Prince Mohammed bin Salman welcomes Bahrain's Crown Prince and Prime Minister Salman bin Hamad. SPA
    Saudi Crown Prince Mohammed bin Salman welcomes Bahrain's Crown Prince and Prime Minister Salman bin Hamad. SPA
  • A Saudi television anchor stands in front of the logo of the 41st Gulf Cooperation Council (GCC) at the media centre at Al Ula, Saudi Arabia. AP
    A Saudi television anchor stands in front of the logo of the 41st Gulf Cooperation Council (GCC) at the media centre at Al Ula, Saudi Arabia. AP
  • The airport in the Saudi city of Al Ula. AFP
    The airport in the Saudi city of Al Ula. AFP
  • Journalists wait at the media centre ahead of the 41st GCC summit in Al Ula in north-western Saudi Arabia. AFP
    Journalists wait at the media centre ahead of the 41st GCC summit in Al Ula in north-western Saudi Arabia. AFP
  • Aircraft of GCC delegations are parked at Al Ula airport, Saudi Arabia. AP
    Aircraft of GCC delegations are parked at Al Ula airport, Saudi Arabia. AP
  • Saudi police vehicles wait near the airport in Al Ula to escort the national delegation to the Gulf Cooperation Council summit. AFP
    Saudi police vehicles wait near the airport in Al Ula to escort the national delegation to the Gulf Cooperation Council summit. AFP
  • A convoy carries participants of the 41st Gulf Cooperation Council in Al Ula, Saudi Arabia. AP
    A convoy carries participants of the 41st Gulf Cooperation Council in Al Ula, Saudi Arabia. AP
  • Journalists at the media centre ahead of the 41st GCC summit in Al Ula. AFP
    Journalists at the media centre ahead of the 41st GCC summit in Al Ula. AFP
Defined benefit and defined contribution schemes explained

Defined Benefit Plan (DB)

A defined benefit plan is where the benefit is defined by a formula, typically length of service to and salary at date of leaving.

Defined Contribution Plan (DC) 

A defined contribution plan is where the benefit depends on the amount of money put into the plan for an employee, and how much investment return is earned on those contributions.

UAE - India ties

The UAE is India’s third-largest trade partner after the US and China

Annual bilateral trade between India and the UAE has crossed US$ 60 billion

The UAE is the fourth-largest exporter of crude oil for India

Indians comprise the largest community with 3.3 million residents in the UAE

Indian Prime Minister Narendra Modi first visited the UAE in August 2015

His visit on August 23-24 will be the third in four years

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited India in February 2016

Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017

Modi will visit Bahrain on August 24-25

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