Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Oman- 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
 Jul 26 2016 - Qatar to grow 3.9 percent on resilient non-oil sectorMENAFN
(MENAFN) Public investment will continue to underpin Qatari economic growth, particularly in the non-hydrocarbon sector.On the other hand, economic activity is predicted to remain rather buoyant with ...

 Jul 26 2016 - Saudi Cement records USD66.35mn net profitMENAFN
(MENAFN) Saudi Cement recorded a 2 percent decline in second-quarter net profit, due to a drop in sales and increasing power costs.Additionally, the firm made a net profit in the three months to June ...

 Jul 26 2016 - Qatar's Aamal net profit grows by 23.5 percentMENAFN
(MENAFN) Aamal Co., one of GCC's fastest growing firms, posted a net profit of USD83.82mn for the first half of 2016, up 23.5 percent, compared to last year's USD67.87mn.Moreover, the firm's revenue ...

 Jul 26 2016 -  Indonesian volcano puts on spectacular blue light showMuscat Daily
(MENAFN - Muscat Daily) Brilliant blue flames light up the night sky above Kawah Ijen, casting an eerie electric glow as they flow down the sides of the active volcano in remote Indonesia.

 Jul 26 2016 - Laser Myths bustedMuscat Daily
(MENAFN - Muscat Daily) Is it time to bid goodbye to those bimonthly visits to the parlour?

 Jul 26 2016 - Wildfire near Los Angeles threatens thousands of homesSaudi Press Agency
(MENAFN - Saudi Press Agency) Los Angeles, Shawwal 20, 1437, July 25, 2016, SPA -- More than 20,000 people have been forced to flee a wildfire north of Los Angeles that had scorched thousands of ...

 Jul 26 2016 - New York subway line to close for Hurricane Sandy repairsSaudi Press Agency
(MENAFN - Saudi Press Agency) New York, Shawwal 20, 1437, July 25, 2016, SPA -- A major New York City subway line will be closed for 18 months starting in January 2019 to repair damage caused nearly ...

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

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