Saudi Arabia concludes Jeddah Security and Development Summit

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Saudi Arabia’s Crown Prince Mohammed bin Salman, addressing the Jeddah Security and Development Summit, said on Saturday that unified efforts were required to support the global economy and that unrealistic policies regarding energy sources would only lead to inflation.

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“Adopting unrealistic policies to reduce emissions by excluding main sources of energy will lead in coming years to unprecedented inflation and an increase in energy prices and rising unemployment and a worsening of serious social and security problems,” he said.

The summit hosted by Saudi Arabia kicked off on Saturday with the participation of six GCC countries plus Egypt, Jordan and Iraq – also known as GCC+3.

US President Joe Biden and other US officials who arrived in the Kingdom on Friday took part in the regional summit.

During his opening remarks, the Saudi Crown Prince conveyed King Salman bin Abdulaziz’s greetings and wishes for the success of the summit which he said is being held during a time the world is facing great challenges.

He also called on Iran to cooperate and not intervene in the affairs of regional countries.

Meanwhile, Biden said the US will never allow Iran to acquire a nuclear weapon.

He also said the US would remain an active, engaged partner in the Middle East and urged leaders gathered at the Arab summit to see human rights as a powerful force of economic and social change.

“The US is invested in building a positive future of the region, in partnership with all of you - and the United States is not going anywhere,” Biden told the Arab leaders in a speech to kick off the summit after the Crown Prince.

The president is seeking to start a new chapter in US involvement in the Middle East, hoping to move past US military conflicts and instead push for a region that respects individual nations’ domestic affairs but seeks economic integration and shared defenses amid concerns over Iran.

Biden also said the US will not leave a vacuum in the region in favor of Russia, China and Iran, adding that the US interests are linked to successes in the Middle East and affirmed the US will work to establish sustainable economic ties in the region.

Other leaders participating in the summit voiced their thoughts in speeches. Jordan’s King Abdullah II said there will not be stability in the region without a solution to the Israeli-Palestinian conflict while Kuwait’s Crown Prince Sheikh Meshal al-Ahmad al-Sabah called on Iran to cooperate with the International Atomic Energy Agency for the sake of a safe region.

Meanwhile, Iraq’s Prime Minister Mustafa al-Kadhimi called for a comprehensive strategy to combat terrorism and dry out its financing resources.

With Reuters

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