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Monday, 11 January 2021

Around the world on 11 January 2021

Bahrain will reopen its airspace to Qatar today, becoming the third Arab Quartet country to do so following last week’s agreement to restore diplomatic ties with the statelet, reports Reuters.

Meanwhile, the thinkpieces on last week’s Al Ula declaration continue to come thick and fast: Yesterday we had the Financial Times editorial board offer its two cents on who came out on top in the agreement. Their conclusion? “There are no winners. All sides have paid a human and financial cost.”

Also from the Gulf: Saudi Arabia is offering perks to multinationals in a bid to convince them to relocate their regional HQs from Dubai to Riyadh, according to the FT. Companies such as Google and Siemens are being offered 50-year tax breaks and exemptions from future regulations as MBS looks to revitalize plans to establish the country as a business center.

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