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Wednesday, 22 September 2021

UAE in talks with Turkey on energy investment as relations thaw

The UAE is in talks with Ankara on investment in Turkey’s energy sector, Turkey’s deputy energy minister told reporters yesterday, according to Reuters. Speaking on the sidelines of the Gastech conference in Dubai, Alparslan Bayraktar said he will meet the UAE’s energy minister today to continue talks. The discussions are a further sign of a thaw in tensions between the UAE and its longtime regional rival, after Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan took a call with Turkish President Tayyip Erdogan earlier this month.

Things also look good on the fence-mending front between the UAE and Qatar, the Washington Post reports, as the two countries’ oil ministers shared a stage at the conference, in the first such visit since the lifting of Egypt and the GCC’s 2017 blockade on Qatar at the start of the year.

Talks on restoring the Iran-US nuclear accord could be revived within weeks, Bloomberg reports, citing comments by Iran’s Foreign Ministry spokesperson made on the sidelines of the UN General Assembly. Talks on the pact have been stalled for several months, after Iran elected conservative hardliner Ebrahim Raisi to the presidency and the country moved to step up its nuclear activities in retaliation for continued US sanctions. Raisi harshly criticized the US in his inaugural UN address yesterday, calling the sanctions “crimes against humanity.”

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