Qatari Minister: Iran-US Deal Encompasses Establishment of Banking Channel

Qatari Foreign Minister Mohammed Al Khulaifi meets his Iranian counterpart in Tehran. (Iranian Foreign Ministry)
Qatari Foreign Minister Mohammed Al Khulaifi meets his Iranian counterpart in Tehran. (Iranian Foreign Ministry)
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Qatari Minister: Iran-US Deal Encompasses Establishment of Banking Channel

Qatari Foreign Minister Mohammed Al Khulaifi meets his Iranian counterpart in Tehran. (Iranian Foreign Ministry)
Qatari Foreign Minister Mohammed Al Khulaifi meets his Iranian counterpart in Tehran. (Iranian Foreign Ministry)

Qatari Foreign Minister Mohammed Al Khulaifi stated on Friday that the ongoing negotiations between the US and Iran regarding a prisoner exchange and the release of frozen Iranian funds include the establishment of a banking channel.

According to Al Khulaifi, the banking channel would address several agreed-upon matters among the parties, without specifying the nature of these issues.

As part of the anticipated agreement, Tehran has relocated five of the detained US nationals from a specialized section within the Revolutionary Guards’ prison in Evin to a hotel under house arrest.

This marks the initial step in the agreement. Iranian officials have stipulated that the transfer of frozen Iranian assets in South Korea to foreign bank accounts is a prerequisite for the release of the detainees.

In press statements, Al Khulaifi clarified that the agreement was preceded by intensive visits by Qatari officials to both Washington and Tehran.

He emphasized that Doha has played a “central and fundamental role” in facilitating negotiations and dialogue between the two parties.

Furthermore, Al Khulaifi expressed optimism that this move would be followed by further steps towards reconciliation, affirming that his country will spare no effort in making additional endeavors to bridge the perspectives between the parties.

The Qatari official stated his hope that the Washington-Tehran agreement would lead to broader understandings, including a return to the "nuclear deal."

Al Khulaifi delivered a written message to Tehran, presenting it to both Iranian Foreign Minister Hossein Amir-Abdollahian and Secretary-General of the Supreme National Security Council Ali Ahmadian on July 23.

He engaged in discussions with Iran’s Deputy Foreign Minister and Chief Nuclear Negotiator Ali Baqeri Kani.

Qatar hosted the most recent round of talks between Kani and the European Coordinator for Nuclear Negotiations, Enrique Mora, on June 21.



Global Cybersecurity Forum 2024 Kicks Off in Riyadh

The Saudi Crown Prince announced the launch of the "Global Security Forum to Protect Children in Cyberspace" during his welcoming speech to the forum's guests. (SPA)
The Saudi Crown Prince announced the launch of the "Global Security Forum to Protect Children in Cyberspace" during his welcoming speech to the forum's guests. (SPA)
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Global Cybersecurity Forum 2024 Kicks Off in Riyadh

The Saudi Crown Prince announced the launch of the "Global Security Forum to Protect Children in Cyberspace" during his welcoming speech to the forum's guests. (SPA)
The Saudi Crown Prince announced the launch of the "Global Security Forum to Protect Children in Cyberspace" during his welcoming speech to the forum's guests. (SPA)

The fourth Global Cybersecurity Forum (GCF) 2024 began in Riyadh on Wednesday. It is organized by Saudi Arabia’s National Cybersecurity Authority, in partnership with the Saudi Information Technology Company (SITE).
Crown Prince Mohammed bin Salman welcomed participants on behalf of King Salman bin Abdulaziz Al Saud. The two-day event, themed “Advancing Collective Action in Cyberspace,” has drawn leaders, policymakers, and experts from over 120 countries.
In a message read at the opening ceremony in Riyadh, the Crown Prince stated: “Cyberspace is closely linked to the growth of economies, the prosperity of societies, the security of individuals, and the stability of nations.”
According to SPA, he noted that due to the cross-border nature of cyberspace, it is essential to harmonize international efforts to seize the opportunities and “face the challenges it presents, by investing in people.”
Welcoming the participants, the Crown Prince said: “The Kingdom of Saudi Arabia has always been a force for good for the benefit of humanity and human prosperity around the world.”
“It has continuously worked to uphold the principle of cooperation and strengthen international collaboration toward efforts that support development and prosperity for all nations. It has initiated several initiatives aimed at achieving these genuine goals in all sectors,” he noted.
“Believing in the importance of investing in people in this vital and promising domain, in 2020 we launched two global initiatives. The first relates to protecting children in cyberspace, and the second focuses on empowering women in the field of cybersecurity,” he added.
“The institute for the Global Cybersecurity Forum is entrusted with overseeing both initiatives, as well as implementing the associated projects,” affirmed the Crown Prince.
He highlighted the progress made by these initiatives, particularly the increased understanding of needs at the global level that has led to new and inspiring visions, enabling the GCF to develop impactful initiatives and programs, publish research and studies, and formulate new frameworks and strategies.
These efforts empower decision-makers worldwide to develop policies and programs that enhance child protection in cyberspace and promote women’s participation in the field of cybersecurity.
The first day of GCF 2024 featured discussions on five main topics: closing cybersecurity gaps, online behavior, the social structure of cyberspace, a thriving cyber economy, and new cyber opportunities.
Key officials, decision-makers, and experts from governments, academia, and global companies took part in the sessions.
The forum is a global platform that brings together leaders from governments, cybersecurity, academia, and NGOs. Its goal is to strengthen international cybersecurity, support economic and social development, and align global efforts in the field.