Saudi Crown Prince Mohammed bin Salman arrived in Buenos Aires on Wednesday for the meeting of G20 leaders this weekend.
The crown prince's trip to Argentina follows a tour of Arab countries that included the UAE, Bahrain, Egypt and Tunisia.
Prince Mohammed and Russian President Vladimir Putin are expected to hold talks on the sidelines of the summit, according to people familiar with the plan.
Their meeting comes as Saudi Arabia is under international scrutiny over the killing of journalist Jamal Khashoggi and days before a crucial meeting of Opec and allied oil producers in Vienna. Saudi Arabia will try to persuade Russia to co-operate on curbing crude output next year following oil's plunge back into a bear market.
_______________
Read more:
Mohammed bin Salman touches down in Cairo as tour moves on
A century of history highlighted during Saudi Crown Prince's visit to Bahrain
Sheikh Mohammed bin Rashid meets with Saudi Crown Prince Mohammed bin Salman
UAE with Saudi through thick and thin, says Sheikh Mohammed bin Rashid
_______________
US President Donald Trump, who has built much of his Middle East strategy around an alliance with Saudi Arabia, has no plan for a one-on-one meeting with Prince Mohammed, the White House said on Tuesday.
But Prince Mohammed's meeting with Mr Putin will be closely watched in oil markets. Talks between the two leaders helped secure historic production cuts in 2016 that rescued prices from a multiyear slump.
Co-operation between Russia and Saudi Arabia has been "highly successful not only to stabilise oil prices but to build significant mutual trust and the mechanisms for further Opec co-ordination", said the chief executive of the state-run Russian Direct Investment Fund, Kirill Dmitriev, who will be taking part in talks with Saudi officials in Buenos Aires.
Russia and Saudi Arabia are de facto leaders of the alliance between the Organisation of Petroleum Exporting Countries’ and other oil exporters. After agreeing in June to boost output to offset supply losses from Iran and Venezuela, the countries now have different positions on whether action is needed to stem the price fall.
While Saudi Arabia has called for broad output cuts and warned of an emerging glut, Russia has stuck to a wait-and-see approach, saying further market monitoring is needed before any decision is taken.
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
65
%3Cp%3E%3Cstrong%3EDirectors%3A%20%3C%2Fstrong%3EScott%20Beck%2C%20Bryan%20Woods%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EAdam%20Driver%2C%20Ariana%20Greenblatt%2C%20Chloe%20Coleman%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%3C%2Fp%3E%0A
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
'Ghostbusters: From Beyond'
Director: Jason Reitman
Starring: Paul Rudd, Carrie Coon, Finn Wolfhard, Mckenna Grace
Rating: 2/5
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
More from Neighbourhood Watch:
UAE currency: the story behind the money in your pockets
Everything Now
Arcade Fire
(Columbia Records)
Emirates exiles
Will Wilson is not the first player to have attained high-class representative honours after first learning to play rugby on the playing fields of UAE.
Jonny Macdonald
Abu Dhabi-born and raised, the current Jebel Ali Dragons assistant coach was selected to play for Scotland at the Hong Kong Sevens in 2011.
Jordan Onojaife
Having started rugby by chance when the Jumeirah College team were short of players, he later won the World Under 20 Championship with England.
Devante Onojaife
Followed older brother Jordan into England age-group rugby, as well as the pro game at Northampton Saints, but recently switched allegiance to Scotland.
The 12 Syrian entities delisted by UK
Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
