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
 Sep 30 2016 - Italy's Eni confirms renewable energy deal with EgyptMENAFN
(MENAFN) Italian oil Eni agreed a common strategy with Egypt to construct renewable energy projects in the country.Moreover, the first project will be a solar plant in Sinai with output of 50 MW, ...

 Sep 30 2016 - Oman's budget deficit reaches USD10.83bn in H1MENAFN
(MENAFN) Oman's budget deficit increased and crossed the RO4bn mark for Jan-July period this year as government revenue continued to hurt by weak oil prices.Meanwhile, the deficit grew by 68 percent ...

 Sep 30 2016 - UAE hotels to cut costs by 20pctMENAFN
(MENAFN) Hotels in the UAE could cut their costs by more than 20 percent by reducing their energy and water consumption.Moreover, hotels with poor environmental policies consume three times more ...

 Sep 29 2016 - Kimberly process chair steps up momentum on Africa initiativeMENAFN Press
(MENAFN Press) Zimbabwe was the next stop on his extensive tour of African States, to give Africa a Voice, for which the Kimberley Process was originally intended. In Harare, the KP Chair met with ...

 Sep 29 2016 - Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020MENAFN Press
(MENAFN Press) Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020 next five years in an average of 106% CAGR; by 2020 over 430 billion products will be sold, and 21 ...

 Sep 29 2016 - NY Gov. Cuomo's Justice Center a Corruption SchemeMENAFN Press
(MENAFN Press) NY Gov. Cuomo's Justice Center a Corruption Scheme Jonathan Carey "Champion for the Disabled" Born September 12,1993 Killed by caregivers on February 15,2007 The corruption is ...

 Sep 29 2016 - Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North AmericaMENAFN Press
(MENAFN Press) Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North America The 3rd annual Biosimilars North America by popular demand, ...

 Sep 29 2016 - Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022.MENAFN Press
(MENAFN Press) Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022. Global Haptic Interface Market Information, by Components (Hardware, Software), ...

 Sep 29 2016 - Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 2021MENAFN Press
(MENAFN Press) Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 – 2021 Cold Forging Machine Global Market 2016 Analysis and Forecast to 2021 PUNE, INDIA, September ...

 Sep 29 2016 - Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021MENAFN Press
(MENAFN Press) Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021 Global Wind Power Market Information Report by Application (Residential ...

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

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