Energy

End of Qatar blockade is ‘a win for the region’: Saudi foreign minister

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The end of the Gulf dispute is a win for the region, Saudi Arabia’s foreign minister told CNBC after announcing that relations between Qatar and four Arab countries have been fully restored.

Leaders of the Gulf Cooperation Council and Egypt on Tuesday signed an agreement that aims to strengthen unity and cohesion. The deal came more than three years after Saudi Arabia, the United Arab Emirates, Bahrain and Egypt imposed a trade and travel blockade on Qatar.

“We were able to reach the Al-Ula declaration which puts behind us a dispute … among the four countries and Qatar,” said Faisal bin Farhan al-Saud, Saudi Arabia’s minister of foreign affairs, referring to the agreement named after the…



Source cnbc.com

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