The rapprochement between Saudi Arabia and Qatar following last January’s Al Ula summit is slowly leading to increased business ties (MEES, 24 December 2021).

Late last month ADES a formerly-Egyptian drilling firm bought by Saudi Arabia’s PIF sovereign wealth fund last year (MEES, 19 March 2021), announced that it was paying Houston-based Vantage Drilling $170mn for Emerald Driller Company, whose assets are essentially three Qatar-based jackup rigs. (CONTINUED - 261 WORDS)