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Gulf states support Jordan and Oman
11 August 2014
The Gulf states that are in a position to help are providing
meaningful support to Jordan and Oman, finds James Gavin
Jordan and Oman may be neighbours of Saudi Arabia - often
referred to as the world's central bank of oil - but neither
country boasts anything like its hydrocarbon reserves, nor its
Jordan's economy has come under significant strain in the past
few months, with the Syria crisis and influx of refugees
straining existing resources, and the end of Egyptian gas
supplies two years ago has forced the Hashemite Kingdom to
spend more on imports.
The Sultanate of Oman looks in better financial shape. Even so,
three years ago the normally sedate Gulf state was buffeted by
a spate of street protests and industrial unrest that revealed
that the sixmember Gulf Cooperation Council (GCC) was not
immune to the Arab Spring.
These stresses to two critical Middle Eastern economies
prompted the wealthy quartet of Gulf states, comprising Saudi
Arabia, the United Arab Emirates (UAE), Qatar and...
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