30.1 C
Delhi
Sunday, April 12, 2026

Iran ready to resume economic ties with Middle East Arab countries – Economy Minister

Date:

Share post:

Tehran: Iran is ready to resume economic relations with all Arab countries in the Middle East region, following the recent agreement on the restoration of diplomatic relations with Saudi Arabia, Iranian Economy Minister Ehsan Khandozi told Sputnik.

“Based on the neighborhood policy, our government is fully prepared to resume economic relations with all countries of the region [Middle East] and regards enhancing good neighborly relations with them as a factor in strengthening the region itself. Countries like Saudi Arabia will have an opportunity for economic cooperation with Iran,” Khandozi said.

On March 10, Iran and Saudi Arabia signed an agreement mediated by China to resume relations, as well as open embassies and representative offices within two months. The joint statement was signed after days of talks between the head of Iran’s Supreme National Security Council and his Saudi counterpart in Beijing. The foreign ministers of the two countries intend to meet to discuss the implementation of the agreement.

Diplomatic relations between Tehran and Riyadh were severed in 2016 after an attack on Saudi diplomatic missions in Iran by protesters against the kingdom’s execution of prominent Shiite theologian Nimr al-Nimr, but in recent months both sides have expressed a desire to resolve existing differences. In an interview with The Atlantic, released in September, Saudi Crown Prince Mohammed bin Salman said that his country’s relations with Iran should be built as with a neighbor.

Related articles

Modi at the Pike Syndrome Crossroads: When Power Stops Pushing Boundaries

There comes a stage in leadership when power is no longer the problem. Mandate is not the problem....

Redrawing the Middle East: Lines Drawn in Blood, Not Ink

History teaches us a brutal truth - borders are rarely drawn by cartographers; they are carved by conflict....

Dharma Draws the Line: When Eradication Becomes Adharma

I had a long conversation with a learned friend recently - the kind that begins with conviction and...

Buddhism: India’s Civilisational Bridge to Lead Asia Again

There was a time when India did not need aircraft carriers, trade wars, or strategic alliances to influence...