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


 






  MENA News Headlines
 Sep 1 2014 - Power oil & gas sectors account for 60 of SR84.9bn contractsArab News
(MENAFN - Arab News) Saudi Arabia recorded a significant upswing in the value of awarded contracts during the second quarter of 2014 as it reached SR84.9 billion. It marked a strong rebound from the ...

 Sep 1 2014 - TADAWUL: Insurance Energy sectors surge over 2Arab News
(MENAFN - Arab News) Saudi Arabia's benchmark the Tadawul All-Share Index (TASI) closed at 11112.12 and ended its Sunday's trading up over seventy points or 0.63 percent. Its year-to-date return ...

 Sep 1 2014 - Basketball: US Spain move to 2-0 Senegal picks up historic winArab News
(MENAFN - Arab News) SEVILLE Spain: United States and Spain both collected their second straight win at the 2014 FIBA Basketball World Cup on Sunday while Croatia fought off tough Argentina and ...

 Sep 1 2014 - Gilas Pilipinas under pressure after 2nd defeat by GreeceArab News
(MENAFN - Arab News) SEVILLE Spain: Gilas Pilipinas ran into a solid Greek wall on Sunday night and was driven on cliff's edge in the Fiba World Cup.Greece used its huge advantage in size and heft to ...

 Sep 1 2014 - Saudi - Labor law violation: 18773 companies face actionArab News
(MENAFN - Arab News) The Labor Ministry has slapped fines worth more than SR10 million on companies after its inspectors found 62762 labor rule violations during raids carried out over the past nine ...

 Sep 1 2014 - Salman-Hollande talks to focus on Mideast turmoilArab News
(MENAFN - Arab News) Turmoil across the Middle East which has led to the death and displacement of millions of innocent people will top the agenda of talks between Crown Prince Salman deputy premier ...

 Sep 1 2014 - Pakistani Army vows to protect democracyArab News
(MENAFN - Arab News) ISLAMABAD: The much-vaunted Pakistan Army declared on Sunday that it was committed to protecting democracy in the wake of anti-government protests.According to media reports ...

 Sep 1 2014 - Breakthrough in GCC-Qatar rowArab News
(MENAFN - Arab News) Saudi Arabia and other GCC states have reached a breakthrough toward ending their dispute with Qatar having agreed on principles to overcome differences leaders of thesix-member ...

 Sep 1 2014 - Cyberspace turning into battlefieldArab News
(MENAFN - Arab News) The US has launched a social media offensive against the Islamic State (IS) and Al-Qaeda setting out to win the war of ideas by ridiculing the militants with a mixture of blunt ...

 Sep 1 2014 - Japan France share spoils in team eventArab News
(MENAFN - Arab News) CHELYABINSK Russia: Japan and France took home the gold medals in the team competition on the final day of the judo World Championships in Chelyabinsk on Sunday.Japan recovered ...

more...


 






Google

 
 

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