Quotes: 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
 Aug 4 2015 - UAE Q3 non-oil sector keeps growing baseMENAFN
(MENAFN) An official report show that Business conditions in the UAE's non-oil private sector continued to improve in last July.Non-oil private sector employment in the UAE keeps on increasing in ...

 Aug 4 2015 - Emirates Reit to invest USD56.69m in Akoya new schoolMENAFN
(MENAFN) Dubai-based real estate investment trust Emirates Reit has announced that it will invest about USD56.69 million on building a new school in DAMAC's Akoya development. Emirates Reit acquired ...

 Aug 4 2015 - Egypt expands armed forces mission in YemenDaily News Egypt
(MENAFN - Daily News Egypt) President Abdel Fattah Al-Sisi met Saturday with members of the National Defence Council, in a meeting that saw the expansion of the Egyptian armed forces' participation ...

 Aug 4 2015 - Egypt- None can interfere in judiciary, Brotherhood defendants tried by law: Al-ZindDaily News Egypt
(MENAFN - Daily News Egypt) Minister of Justice Ahmed El-Zind said that defendants of the former Muslim Brotherhood regime are being tried according to the law, during a Friday TV show on a state-run ...

 Aug 4 2015 - Oman approves electricity projects worth USD600.2mMENAFN
(MENAFN) Three hundred fifty-nine projects with a total value of around USD600.2 million were approved by licensed operators last year to enhance the electricity network in Oman.The projects were ...

 Aug 4 2015 - Industries Qatar profits surge 20 percent in Q2MENAFN
(MENAFN) Industries Qatar said its second-quarter profit increased 20 percent, beating analyst forecasts, although its half-year profit fell because of declining petrochemicals prices.The ...

 Aug 4 2015 - Health Ministry's Hajj Preparatory Committees hold meetingSaudi Press Agency
(MENAFN - Saudi Press Agency) The Preparatory Hajj Committees of the Ministry of Health held their 12th meeting at the ministry yesterday, in the presence of the heads of the preparatory committees ...

 Aug 4 2015 - Kingdom of Saudi Arabia's Scouts honor World Scout Committee MembersSaudi Press Agency
(MENAFN - Saudi Press Agency) Saudi Arabian Boy Scouts Association honored the members of the World Scout Committee during their visit yesterday to the Saudi delegation participating in Arab Cultural ...

 Aug 4 2015 - Kingdom of Saudi Arabia's Consul General in Los Angeles : We did not record any contact from citizens due to fires in Northern CaliforniaSaudi Press Agency
(MENAFN - Saudi Press Agency) The Consul General of the Kingdom of Saudi Arabia in Los Angeles, Ambassador Dr. Faisal bin Abdulaziz Al-Sudairy, confirmed that there is no Saudi citizen close to the ...

 Aug 4 2015 - UAE- Apparel unveils community centre in AjmanKhaleej Times
(MENAFN - Khaleej Times)Apparel Group has launched its first community centre in the UAE - Grand Centrale in Ajman. His Highness Shaikh Humaid bin Rashid Al Nuaimi Member of the Supreme Council and ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help