When global leaders graced GCC summits

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Updated 23 April 2016

When global leaders graced GCC summits

JEDDAH: In what is considered Barack Obama's last visit to the Kingdom as US president, he talked Thursday with Saudi and Gulf leaders about agreements on counterterrorism and bolstering ballistic missile defense systems.

He also discussed with the Gulf leaders the fight against Daesh in Iraq and other regional issues. In doing so, Obama became one of a line of world leaders who attended a Gulf Cooperation Council summit.
The late Nelson Mandela was admired by Arabs for his courage and strength to build union and peace for the people of South Africa.
In 1998, founder and first president of UAE, Sheikh Zayed bin Sultan Al-Nahyan welcomed Mandela to the UAE, honoring him with the Zayed Medal for his life-time achievements.
Mandela was gracious enough to present opening remarks at the 19th annual GCC Summit held in Abu Dhabi.
Kofi Annan, the former secretary-general of the United Nations, was in his second year as UN chief when he was invited to speak in Abu Dhabi, UAE in 1998. He gave the inaugural remarks at the 19th GCC summit, where the Iranian occupation of three UAE islands was high on the agenda. Annan devised a framework for negotiations between the UAE and Iran in a bid to resolve the dispute.
Former French President Jacques Chirac addressed the 19th GCC Summit in Abu Dhabi via satellite, praising the deep-rooted ties of friendship between the GCC countries and France and appreciating the role played by the council in international sphere.
Former Iranian President Mahmoud Ahmadinejad also attended the 28th GCC summit held in Doha, Qatar in 2007, proposing a number of joint projects to improve ties with the GCC, including economic and security programs.
French President François Hollande became the first sitting leader of a Western nation to be invited as a guest of honor to a summit with GCC leaders in May 2015. During the visit, Hollande said the security of the Arab world was “tantamount to the world security and the dangers of terrorism threaten all countries.”
The French leader also said that his country was going to work on continuing a strategic partnership with Saudi Arabia and that his visit to the country tasks France with an important role in maintaining security in the region.

—Al Arabiya


Saudi Arabia delays May crude prices until after OPEC+ meeting

Updated 05 April 2020

Saudi Arabia delays May crude prices until after OPEC+ meeting

  • OPEC and allies are due to meet on Thursday to discuss a possible new global crude supply cut

DUBAI: Saudi Aramco will delay the release of its crude official selling prices (OSP) for May until April 10 to wait for the outcome of a meeting between OPEC and its allies regarding possible output cuts, a senior Saudi source familiar with the matter said on Sunday.
"It is an unprecedented measure that has not been taken by Aramco before. May OSPs will depend on how the OPEC+ meeting concludes. We are doing what we can to make it successful, including taking this extraordinary step to delay the OSPs," the Saudi source said.
Saudi Aramco typically issues its OSPs by the 5th of each month, setting the trend for Iranian, Kuwaiti and Iraqi prices and affecting more than 12 million barrels of oil per day bound for Asia.
OPEC and allies are due to meet on Thursday to discuss a possible new global crude supply cut to end a price war between Saudi Arabia and Russia which has prompted US President Donald Trump to intervene.
The Saudi source said that Riyadh wants to avoid a repeat of the outcome of a March meeting where oil talks collapsed between OPEC and allies "due to Russia's lack of cooperation with the rest of OPEC+ participants".
Coordinated cuts between OPEC members and others led by Russia expired on March 31 having helped support crude prices since they began in January 2017.
The OPEC+ meeting was initially due for Monday, but was postponed to April 9 "to allow for more time to reach out to all producers including OPEC+ and others," the Saudi source said.