It was decided by the UAE during the OPEC Plus meeting between Saudi Arabia and Russia to decide on oil production by 2022, but it cannot be announced that the Dubai International Area Abu Dhabi and Riyadh Many Saudi trade rules have emerged in relations between the two countries. Proponents of her case are working to create the actual transcript of this statement available online.
During an OPEC Plus meeting of the Organization of the Petroleum Exporting Countries (OPEC), Abu Dhabi rejected an offer by Saudi Arabia and Russia to reduce oil production by the end of 2022. Extraordinarily stated the offer was deemed unfair to the UAE. Meanwhile, Saudi Arabia has announced the introduction of a new airline that will compete with the Emirates Emirates, while Saudi nationals have been banned from traveling to the UAE. Saudi Arabia has announced new export rules for Gulf countries. What is being described as a major blow to the interests of the UAE is being seen as a sign of tension between the two countries.
The tension between the regional allies comes at a time when the two are about to resume relations with Qatar. After differences between Qatar and Saudi Arabia, the UAE's relations with Qatar also deteriorated. Saudi Arabia supplied oil. Saudi Arabia demanded a compromise and a prudent decision, saying all members except one country agreed to the offer.
It should be noted that last year, the demand and price of oil fell due to the outbreak of the global epidemic in Corona, but now both have increased and there are fears that the decisions of OPEC countries may affect this trend. Rhetoric in both countries is not the first sign of this tension. The day before, Saudi Arabia banned its citizens from traveling directly to other countries, including the United Arab Emirates. The United Arab Emirates has become the only Gulf country on which Saudi Arabia Travel banned.
Saudi Arabia also plans to launch a new airline to assert itself in sectors other than oil, such as the transportation industry. Some experts say the airline is aimed at the UAE's official airline, Emirates. Emirates is quite popular for international flights and with it, Dubai is considered to be the hub of transportation in the region.
On July 5, Saudi Arabia announced Gulf export rules that excluded goods from the free zone and Israeli goods from the Gulf Cooperation Council's (GCC) preferential tariffs. Saudi Arabia announced earlier in February. That would cut off cooperation with companies that do not have a regional headquarters in Saudi Arabia, challenging the status of Dubai's business hub in the region.
This is not the first time that Saudi Arabia and the United Arab Emirates have parted ways. As Saudi-led operations escalated, it became clear that the two countries did not share the same views on Yemen. The two countries shared Iranian-backed Houthi rebels. Declared an enemy, however, the UAE pursued a policy of eliminating the influence of Sunni militants and sought to establish strategic maritime influence in some areas of Yemen.
The Saudi and Yemeni governments allied with fighters to defeat the Houthis, while the United Arab Emirates backed the Saudi-led separatist Transitional Council (STC), a Saudi-led coalition that sided with the separatist group. Threats In August 2019, the UAE attacked the Yemeni government's military bases in Aden, in direct violation of its role in the Saudi coalition.
The UAE has since disassociated itself from the military alliance, but its influence in Yemen remains. An example of this is its influence in southern Yemen and the island of Socotra. What Saudi Arabia has been doing over the past decade with its Gulf allies has led to increased competition among the smaller Gulf states that rely on their own oil production in the region.
However, the UAE has recently taken steps to make it a competitor to Saudi Arabia. Oil reliance is now declining and the trend is expected to continue in many areas. In just a few decades, the country has established its financial, logistics and tourism hubs and is ahead of Saudi Arabia in these areas. According to OPEC, the UAE's domestic production is only 30% dependent on oil, while In Saudi Arabia it is 50%.
Saudi Arabia is a large country in terms of GDP, but the per capita GDP in the UAE is almost double that of Saudi Arabia. The alliance between the two countries is considered one of the strongest partnerships in the region. He says new differences are emerging with the resolution of old regional differences, in which the model of reducing oil dependence in the region could take precedence over long-term cooperation in the region.