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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 financial prowess.
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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