Article

2005-01-04 Arabia

Kingdom Mulls Trade Action Against Bahrain

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Posted by Fred 2005-01-04 00:00:00|| || Front Page|| [8 views since 2007-05-07] Top

#1 It is interesting that the GCC countries are breaking free of the Saudi hegemony. The gig is up. Bahrain, not a wealthy oil state, used to be heavily subsidized by the Saudis... apparently the economic balance has swung to favor the trade deal with the US. The relationship with the House of Saud has been evolving ever since the new guy took over, and the Bahrainis voted to make him a "King" instead of a mere "Emir". He and the PM are mind-bendingly corrupt - I think even beyond Saudi corrupt (Ethel! The pills!), which takes some doing. But they have a different game to play, since they haven't the oil the Sauds have. I would be extremely cautious in any deals I made with Bahraini authority... Especially since the balance may swing back the other way if the Saudi taxation punishment is painful enough...

This is Arab carrot & stick politics, folks. Real carrots and real sticks. Mustache cursing is optional entertainment.

Posted by .com 2005-01-04 12:33:12 AM|| 2005-01-04 12:33:12 AM|| Front Page Top

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