About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Quicktake: Now published this video item, entitled “Arab States to Restore Ties With Qatar as Three-Year Rift Ends” – below is their description.
Four Arab states agreed to fully restore ties with Qatar, Saudi Arabia said on Tuesday, ending a more than three-year dispute that divided the major energy-producing region at a time of heightened tensions over Iran.
Saudi Arabia, Bahrain, the United Arab Emirates and Egypt made the pledge after the kingdom hosted a Gulf Cooperation Council summit of regional leaders.
“A resolution of all areas of differences and a restoration of all diplomatic ties” was agreed by the GCC and Egypt, Saudi Foreign Minister Faisal bin Farhan told a news conference. “It will be a strong and important foundation to the future of the region and its stability.”
Saudi, Qatar Rulers Embrace At Gulf Summit as Borders Reopen
The shift comes two weeks before President Donald Trump, who has led an offensive to weaken Iran, is set to leave office. His successor, Joe Biden, has pledged to engage diplomatically with Tehran if it first returns to the terms of a landmark nuclear deal.
“What we are hearing from the Biden administration shows that they realize the threat” posed by Iran, the Saudi minister said.Bloomberg Quicktake: Now YouTube Channel
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In This Story: Bahrain
Bahrain, officially the Kingdom of Bahrain, is a sovereign state in the Persian Gulf. The island nation comprises a small archipelago made up of 40 natural islands and an additional 51 artificial islands, centered around Bahrain Island which makes up around 83 percent of the country’s landmass.
The country is situated between the Qatari peninsula and the north eastern coast of Saudi Arabia to which it is connected by the 25-kilometre (16 mi) King Fahd Causeway. According to the 2010 census, Bahrain’s population is over 1.2 million, of which around half are non-nationals. The capital and largest city is Manama.
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In This Story: Donald Trump
Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.
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In This Story: Egypt
Egypt, a country linking northeast Africa with the Middle East, dates to the time of the pharaohs. Millennia-old monuments sit along the fertile Nile River Valley, including Giza’s colossal Pyramids and Great Sphinx as well as Luxor’s hieroglyph-lined Karnak Temple and Valley of the Kings tombs.
The capital, Cairo, is home to Ottoman landmarks like Muhammad Ali Mosque and the Egyptian Museum, a trove of antiquities.
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Iran is home to one of the world’s oldest civilizations, beginning with the formation of the Elamite kingdoms in the fourth millennium BC. The Iranian Revolution established the current Islamic Republic in 1979.
Iran’s political system combines elements of a presidential democracy and an Islamic theocracy. Iran is a founding member of the UN, ECO, OIC, and OPEC. It is a major regional and middle power and has large reserves of fossil fuels — including the world’s largest natural gas supply and the third largest proven oil reserves.
The country’s rich cultural legacy is reflected in part by its 22 UNESCO World Heritage Sites. Historically a multi-ethnic country, Iran remains a pluralistic society comprising numerous ethnic, linguistic, and religious groups, the largest being Persians, Azeris, Kurds, Mazandaranis and Lurs.
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In This Story: Joe Biden
Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.
He is married to Dr Jill Biden.
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In This Story: Saudi Arabia
Saudi Arabia also has one of the world’s youngest populations, with approximately 50 percent of its population of 34.2 million being under 25 years old.
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In This Story: Tehran
Tehran is the capital of Iran, in the north of the country. Population: 8.694 million (2016).