Also worth noting this morning:

  • Fahad Al-Mubarak is once again the governor of Saudi Arabia’s central bank after Ahmed Alkholifey was somewhat unceremoniously removed from office. The announcement came as KSA said it aimed to double the size of its sovereign wealth fund by 2025.
  • The Biden administration will work with Israel to expand on the Trump-era agreements signed with the UAE, Bahrain, Sudan and Morocco, White House national security adviser Jake Sullivan told his Israeli counterpart on Saturday, according to Reuters. The government will also uphold Trump’s controversial decision to move the US embassy to Jerusalem.
  • The UAE has greenlit the establishment of an embassy in Tel Aviv. The Emirati cabinet approved the decision yesterday, Emirates News Agency (WAM) reported.
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