Finance ministers of #Kuwait, #KSA, #UAE and #Bahrain, met in #Manama and affirmed in a joint statement their commitment to support Bahrain's public finances stability to achieve better economic growth and fiscal balance between govt expenditure & revenues
How can #iran threaten #Oil supplies and Strait of Hormuz? New @librarycongress study examines: https://t.co/0gifILAVd0 @GulfStatesInst @EGIC_ @GulfIntlForum @GulfStateAnalyt @Mod_Gov_Sa @MOD_Qatar @WarInstitute @thegulfblog @Dr_Ulrichsen @Saudi_Aramco
Trump's policy to distance #Baghdad from #Tehran could be working as tension between #Iraq & #Iran is rising as PM #Abadi announced Iraq's compliance with US sanctions on Iran. But, can Iraq comply despite its high reliance on imports from Iran?
Today #Qatar stepped in to help its long-standing ally #Turkey by announcing $15 billion investments in Turkey during the Emir's visit to Ankara. After the announcement the Turkish Lira extended gains to 6% after it lost 18% of its value this month only.
US #sanction on #Iran might leave some 450,000 workers employed by #Iran’s auto parts industry facing layoffs within a month. Sanctions also created price turbulence in the auto market & left the parts manufacturers in debt.
What's next for Iran's economy?
The recent reports about the Middle East Strategic Alliance "already nicknamed Arab NATO" between #GCC and other Arab states against the growing Iranian role in the region raises the question whether this alliance can counter #Iran or not?
#Khamenei made his sharpest criticism to #Rouhani faulting him for having crossed “red lines” in nuclear negotiations with the US and other failures that have created #Iran's economic crisis.
After helping #Ethiopia and #Eriteria reaching peace agreement, #UAE is expanding its activity in the Horn of #Africa and planning to build an oil pipeline between Eritrea’s port city of Assab to Ethiopia’s capital Addis Ababa.