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Gulf Times
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- 1Saudi Arabia exits China-backed cross-border payments project●Saudi Arabia quits China-led cross-border currency platform
Saudi Arabia has withdrawn from a China-led cross-border currency platform, according to the Financial Times. The move is seen as a setback for Beijing's efforts to build alternatives to the dollar-based global payments system, and observers are weighing what it signals about the Gulf kingdom's financial alignment with Washington versus its deepening economic ties with China.
- 2
Oman has called on members of the United Nations to refrain from resorting to the use of force. The appeal, reported by regional media, reflects the Gulf state's long-standing position in favour of diplomacy and peaceful resolution of disputes. The statement comes amid ongoing international tensions, prompting discussion of Oman's neutral, mediation-oriented role in regional and global affairs.