Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Stability in Gulf will benefit the world, says former RAFO chief  Join our daily free Newsletter

MENAFN - Muscat Daily - 07/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) In a speech to Sultan Qaboos University's (SQU) Department of Political Science, the former commander of the Royal Air Force of Oman (RAFO), Mohammed al Ardhi, said that maintaining security in the Gulf region would not only benefit GCC member countries, but also the 'world at large'.

According to a press release, Ardhi said, ''The Strait of Hormuz is but one example of the opportunities and risks associated with the Gulf's strategic geographical location and its role as a world trade hub.''

''Our trade with Iran reached US600mn in 2013, this figure is a three-fold increase over 2010. If sanctions on Iran are fully lifted, we will benefit further. Peace and cooperation can only lead to greater economic vitality. Investor interest in Oman has soared since it hosted talks between the US and Iran that led to the interim deal on Iran's nuclear programme,''  he added in the speech delivered on Tuesday.

Ardhi, who is now the chairman of National Bank of Oman, also outlined the challenges and opportunities for the GCC region, while identifying external influences, and their implications in social and economic developments. He proposed solutions that could be put in place to aid security and fuel prosperity.

Identifying the key challenges that plague the region today, Ardhi pointed to the prospect of a nuclear Iran, recent tensions within the GCC, declining fossil fuel resources and the increasing shift towards Asia in the trade and commerce domains by members of the GCC and the US.

He also stressed on the use of economic, rather than military power, as a means of exercising influence in the 21st century. ''To prevent another Yemen from developing in the region, we in the GCC must create a positive security dynamic in which regional co-operation with domestic, economic and social reform help achieve long-term stability.''

The audience included faculty members and students from Sultan Qaboos University's International Relations and Security Studies Master's Program.

Dr Cuneyt Yenigun, acting head of department, Political Science, College of Economics & Political Science, SQU, said, ''Mohammed al Ardhi's session was extremely informative, covering the numerous facets of security and their implications for the GCC. It was an honour to welcome him on stage and allow him to share his thoughts and expertise with the students and faculty


 


Muscat Daily




  MENA News Headlines
 Oct 2 2014 - Qatar's Barwa to sell land for USD697mMENAFN
(MENAFN) Qatar's Barwa Real Estate announced it is planning to sell a land worth USD697.4 million to the government, Gulf Daily News reported.For the piece of land, located in Lusail City and which ...

 Oct 2 2014 - Oman's OIF to acquire 33.6 percent stake in TaageerMENAFN
(MENAFN) Oman Investment Fund (OIF) announced it is acquiring 33.63 percent stake in Taageer Finance Co. from Al Anwar Holdings, Muscat Daily reported.The deal, which is awaiting a formal approval ...

 Oct 2 2014 - Retaj seeks to invest in MoldovaMENAFN
(MENAFN) Retaj is looking for opportunities to invest in real estate, tourism and hotels in Moldova, as well as looking into different investment opportunities available in the country and also ...

 Oct 2 2014 - BP Oman awards 2 USD730m drilling contracts for Khazzan projectMENAFN
(MENAFN) BP Oman announced it has awarded two long-term drilling contracts for the Khazzan project, both valued at more than USD730 million, Times of Oman reported.The first contract was awarded to ...

 Oct 2 2014 - ME's carriers cargo growth up 7.8 percent in AugustMENAFN
(MENAFN) Middle Eastern carriers reported a growth by 7.8 percent in cargo in August, which is lower than the 2014 average of 9.6 percent previously expected, Arabian Business reported.Despite growth ...

 Oct 2 2014 - UAE, US sign MoU to increase energy cooperationMENAFN
(MENAFN) The UAE's Ministry of Energy announced it has signed a Memorandum of Understanding (MoU) with the US Ministry of Energy in order to strengthen the bilateral energy relationship, joint ...

 Oct 2 2014 - Abu Dhabi Ports to open ship-repairing facilityMENAFN
(MENAFN) Abu Dhabi Ports Company (ADPC) announced it has leased a land to Topaz Marine Engineering Division, one of the Middle East's leading marine engineering services, for the purpose of ...

 Oct 2 2014 - UAE writers celebrate UN honoring of His Highness the AmirKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The UAE Writers Union has celebrated the recent UN acclamation of His Highness the Amir (of Kuwait) Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah as an international ...

 Oct 2 2014 - Malaysia, FBI cooperate to uproot ISIL threatsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Malaysia would join the US-based Federal Bureau of Investigation (FBI) in the fight against Islamic State in Iraq and the Levant (ISIL) militants, Home Minister ...

 Oct 2 2014 - Nakheel awards USD32.6m contract for Phase 2 of Al FurjanMENAFN
(MENAFN) Nakheel, the UAE-based property developer, announced it has awarded USD32.66 million contract to Dubai-based Target & Jima Construction Company, Gulf News reported.The awarded contract is ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help