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DAILY NEWS ANALYSIS

  • 03 March, 2021

  • 4 Min Read

Al Ula Summit- Gulf Cooperation Council

It is a regional political and economic alliance of 6 Gulf States i.e Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

  • HQ - Riyadh, Saudi Arabia.
  • Its aim is to achieve ever closer union between the energy rich Gulf countries.
  • Established in 1981
  • GCC promotes economic, security, cultural and social cooperation between the 6 states.
  • Saudi Arabia, Bahrain, UAE and Egypt have imposed an air, land and sea blockade on Qatar since June 2017.
  • The blockading countries have accused Qatar of supporting terrorism.

Al-Ula Accord

  • The Al-Ula Accord was signed on 5 January 2021 at the conclusion of the 41st GCC Summit in Al-Ula, Saudi Arabia.
  • Saudi Arabia, Bahrain, the United Arab Emirates and Egypt (known as Arab Quartet) signed an accord with Qatar during a summit of Gulf Cooperation Council leaders.
  • This ends the Arab Quartet’s diplomatic boycott and a total land, sea and air embargo of Qatar.

Source: Al Jazeera


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