Day: July 30, 2018

As U.S. pushes for Mideast peace, Saudi king reassures allies

(Worthy News) – Saudi Arabia has reassured Arab allies it will not endorse any Middle East peace plan that fails to address Jerusalem’s status or refugees’ right of return, easing their concerns that the kingdom might back a nascent US deal which aligns with Israel on key issues.

King Salman’s private guarantees to Palestinian President Mahmoud Abbas and his public defense of long-standing Arab positions in recent months have helped reverse perceptions that Saudi Arabia’s stance was changing under his powerful young son, Crown Prince Mohammed bin Salman, diplomats and analysts said.

This in turn has called into question whether Saudi Arabia, birthplace of Islam and site of its holiest shrines, can rally Arab support for a new push to end the Israeli-Palestinian dispute, with an eye to closing ranks against mutual enemy Iran. [ Source: Jerusalem Post (Read More…) ]

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Iran’s rial hits record-low of 100,000 to the dollar

(Worthy News) – Iran’s currency hit a record low on Sunday of 100,000 rials to the dollar amid a deepening economic crisis and the imminent return of full US sanctions.

The unofficial rate stood at 102,000 rials by midday, according to Bonbast, one of the most reliable sites for tracking the Iranian currency.

The rial has lost half its value against the dollar in just four months, having broken through the 50,000-mark for the first time in March. [ Source: Times of Israel (Read More…) ]

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