Members of the Gulf Cooperation Council brokered a consensus Thursday after a rift that saw Saudi Arabia, the United Arab Emirates and Bahrain withdraw their ambassadors from Qatar.

Egyptian Foreign Minister Nabil Fahmy has offered to mediate easing tension between the Gulf States and Iran during his visit on Saturday to the United Arab Emirates. “The tensions between Iran and the UAE have a negative impact on Egypt, and I am ready to meet any demands from the Gulf Arab states to clear the climate with Iran if needed,” Fahmy said in an interview with Al Arabiya.

The Gulf emirate of Dubai Announced Monday an ambitious plan to Establish itself as the main global center for Islam-compliant products and services within three years. The glitzy city-state, Which has alreadycreated Established itself as a global hub for air transport and transit trade, as well as a regional financial center, is hoping to be the pivot of the large and widespread Islamic economy.