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Abu Dhabi, UAESaturday 23 February 2019

Beyond the Headlines podcast: The UAE-Saudi Arabia co-operation plan explained

What are the ramifications — socially and economically — of this week's announced landmark deal?

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces (right), meets with Mohamed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defence of Saudi Arabia, in Abu Dhabi last November. Ryan Carter / Ministry of Presidential Affairs
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces (right), meets with Mohamed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defence of Saudi Arabia, in Abu Dhabi last November. Ryan Carter / Ministry of Presidential Affairs

The UAE and Saudi Arabia are entering a new phase of co-operation.

The two countries announced a seven-point co-operation plan this week on money management for children, natural crises emergency plans and, perhaps most interestingly, a joint cryptocurrency.

The move is the latest sign of strengthening ties between the two, and should open the door for easier business relations. It also strengthens the bond between the two countries as they look to face regional challenges in unity.

We explain the deal in this week's episode of Beyond the Headlines. Listen here:

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Updated: January 23, 2019 07:20 AM

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