‘Gulf security is our security,’ British PM tells GCC summit

December 8, 2016

Manama, Dec 8: British Prime Minister Theresa May was the star of the show at the 37th Gulf Cooperation Council (GCC) Summit on Wednesday.

GCCThe first woman and first British leader to address a GCC summit, May told the assembled leaders: “Gulf security is our security. I want to assure you that I am clear-eyed about the threat that Iran poses to the Gulf and to the wider Middle East.

“We in the UK are determined to continue to be your partner of choice as you embed international norms and see through the reforms which are so essential for all of your people.”

May acknowledged that the nuclear deal with world powers that limited Iran’s ability to enrich uranium “was vitally important for regional security.”

But she also said parties must “work together to push back against Iran’s aggressive regional actions, whether in Lebanon, Iraq, Yemen, Syria or in the Gulf itself.”

May said she sought a “bold new chapter” in cooperation with Gulf states, which she described as “a strategic relationship … based on true partnership and an enduring commitment between our countries and our peoples.”

She said: “The risks to our shared security are growing and evolving, as terrorists operate across national borders to plot attacks against our people; as new threats emerge from the malevolent use of the Internet, and as certain states continue to act in ways that undermine stability in your region — undermining, in turn, our own security in the West and further reinforcing the need for all of us to work together.”

May said she was “encouraged by recent economic and social reforms” in the Gulf, and “by the bold vision set out by all of the Gulf states for more fundamental and lasting change, most recently with Saudi Arabia’s vision for 2030.”

May praised the “rich history” between the UK and the Gulf, dating back to the mid-17th century, through the Cold War to the present day.

She said her country “has been proudly at the forefront of a relationship between the Gulf and the West that has been the bedrock of our shared prosperity and security.”

May said the UK’s vote to leave the European Union presented an opportunity to “go even further in working with old friends, like our allies here in the Gulf, who have stood alongside us for centuries. There has never been a more important, or more challenging time to do so.”

The premier said “no country is a more committed partner” for the Gulf states than the UK in “confronting the terrorism of Al-Qaeda or the murderous barbarity of Daesh.”

She cited intelligence from Saudi Arabia that “has saved potentially hundreds of lives in the UK.”

May hailed the “close cooperation on counter-terrorism” between the UK and Gulf states, which has succeeded “in foiling terrorist plots and a range of threats against citizens in all our countries.”

Saying the UK “will make a more permanent and more enduring commitment to the long-term security of the Gulf,” May said Britain wanted to invest more than £3 billion in defense spending in the region over the next decade.

May said the construction of HMS Jufair naval base in Bahrain would enable more British warships, aircraft and personnel to be deployed on operations in the Gulf than in any other part of the world.

She also cited “a regional land training hub in Oman” that “is establishing a permanent British army presence in the region.”

The prime minister announced that Saif Sareea 3, the largest UK-Omani military exercise in 15 years, would take place in Oman in 2018.

“We will establish a new British Defense Staff in Dubai to coordinate our regional activities and, here in Bahrain, we will embed a dedicated military officer with the Ministry of Interior bomb disposal unit to provide bomb scene management support and training,” said May.

“We will establish a new Joint Working Group on Counter-Terrorism and Border Security and a new National Security Dialogue at GCC level to protect critical national infrastructure, facilitate faster intelligence sharing on suspected foreign terrorist fighters and implement traveler screening systems to detect terrorists attempting to pass through any GCC airport.”

May also offered British help with cyber-security, in the form of advice from appointed experts and a new Cyber Industry Representative based in the region, “who will build links between cyber sectors in the UK and the Gulf.”

Simon Collis, British ambassador to Saudi Arabia, agreed that the UK and the Kingdom had a long history of diplomatic ties.

“This year we are celebrating 100 years of diplomatic relations with Saudi Arabia and looking forward to the next century, supporting the Kingdom in achieving the goals of Vision 2030 by fostering innovation and entrepreneurship in the next generation,” he said in a statement to Arab News. Chris Doyle, director of the London-based Council for the Advancement of Arab-British Understanding, pointed out the significance of May’s visit to the Gulf, given that she only took office in July.

“(May) and her government are determined to reach out to non-EU markets in order to demonstrate that Britain is not going to be turning in on itself and has an outward looking approach to the world; she is attempting to make this a very concrete demonstration of that fact,” he said.

Doyle added that the British government is “extremely wary” of any additional conflict in the Middle East.

“Exactly how the British government and its allies will go about containing Iran is another matter because obviously Iran has played a largely negative role within the Syrian context and of course there are concerns about the role it may have in Yemen and other theaters,” he said.

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News Network
March 24,2020

Mar 24: Saudi Arabia has recorded its first death from the coronavirus in a 51-year-old Afghani resident, Health Ministry spokesman Mohammed Abdelali told a televised news conference on Tuesday.

The man's health deteriorated quickly after reporting to a hospital emergency room in the city of Medina and he died on Monday night, Abdelali said.

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News Network
June 5,2020

New Delhi, Jun 5: As part of global efforts to combat COVID-19, the UAE has provided more than 708 tonnes of medical aid, personal protection kits and supplies to 62 countries, including India, with direct beneficiaries exceeding 708,000 health workers, a UAE Embassy statement said.

The UAE is regarded as the main lifeline for the logistic operations of the international organizations' strategic warehouses in Dubai's International Humanitarian City (IHC) where the UAE is the first responder to the global crises, especially in providing assistance in relation to the current COVID-19 pandemic, it said.

Dubai's IHC has dispatched more than 132 shipments to 98 countries around the world so far since the beginning of this year, and is working as a central hub to distribute the personal protection kits, the statement said.

While the UAE continues its constant work of supporting the global efforts aimed at curbing the spread of the COVID-19 disease, it has provided more than 708 tons of medical aid, personal protection kits and supplies to 62 countries worldwide to date, with direct beneficiaries exceeding 708,000 health workers, it said.

In addition, 65 million indirect beneficiaries profited from the UAE's global efforts in combating the spread of the virus, the statement said.

Meanwhile, Etihad Airways, effective June 10, said it will link 20 cities in Europe, Asia and Australia via Abu Dhabi.

The new transfer services will make it possible for those travelling on the airline's current network of special flights to connect easily through the UAE capital onwards to key global destinations.

Etihad recently launched links from Melbourne and Sydney to London Heathrow, allowing direct transfer connections to and from the UK capital via Abu Dhabi.

Easy transfer connections via Abu Dhabi will now be available from Jakarta, Karachi, Kuala Lumpur, Manila, Melbourne, Seoul, Singapore, Sydney, and Tokyo to major cities across Europe including Amsterdam, Barcelona, Brussels, Dublin, Frankfurt, Geneva, London Heathrow, Madrid, Milan, Paris Charles de Gaulle, and Zurich, the airline said.

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Agencies
March 15,2020

Riyadh, Mar 15: Saudi Aramco on Sunday reported a 20.6 percent drop in its net profit for 2019 due to low oil prices and production levels, the company said in a statement.

These are the first annual results to be announced by the energy giant after its historical $29.4 billion initial public offering and listing on the Saudi Tadawul market last December.

Aramco posted net profits of $88.2 billion last year compared to $111.1 billion in 2018, Monday's statement said.

"The decrease was primarily due to lower crude oil prices and production volumes, coupled with declining refining and chemical margins," it said.

The company also made $1.6 billion of impairment provisions for losses associated with Sadara Chemical Company, an Aramco subsidiary.

"2019 was an exceptional year for Saudi Aramco. Through a variety of circumstances -- some planned and some not -- the world was offered unprecedented insight into Saudi Aramco's agility and resilience," CEO Amin Nasser said.

"Our unique scale, low costs, and resilience came together to deliver both growth and world-leading returns, while also maintaining our position as one of the world's most reliable energy companies," Nasser said.

The earnings for last year are not affected by the coronavirus outbreak or the ongoing price war between Saudi Arabia and Russia that has sent oil prices crashing.

Aramco said it will distribute dividends worth $73.2 billion for 2019 but based on its commitments under the IPO, its dividends for the next five years starting this year will be at least $75 billion.

It said its capital spending last year dropped to $32.8 billion from $35.1 billion in 2018.

The company expects capital spending, which is expenditure on projects, to be between $25 billion and $30 billion this year "in light of current market conditions and recent commodity price volatility."

But it said that capital expenditure for 2021 and beyond is currently under review.

The results were announced amid a price war between Saudi Arabia and Russia after they failed to agree on additional output cuts to support prices dented by the outbreak of the coronavirus pandemic.

"The recent COVID-19 outbreak and its rapid spread illustrate the importance of agility and adaptability in an ever-changing global landscape," Nasser said.

The kingdom said last week Aramco will pump 12.3 million barrels of oil per day, boosting output by at least 2.5 million bpd.

It also announced plans to raise production capacity from 12 million bpd to 13 million bpd.

Forecasts for future crude prices and demand are also bleak.

In its latest monthly report, the Organization of Petroleum Exporting Countries lowered its forecast for global average daily demand by 0.92 million barrels to 99.73 million barrels.

Saudi Arabia is also in the midst of a royal purge that saw King Salman's brother and nephew detained after sources said they were accused of plotting a palace coup to unseat the crown prince, heir to the Saudi throne.

Aramco shares rallied immediately after the listing on December 11, rising by 19 percent to 38 riyals ($10.1) and temporarily lifting the company's valuation above the $2 trillion mark, which was sought by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler.

But as oil prices tumble, Aramco shares have lost 29 percent from its highest point, slipping below the listing price.

On Thursday, Aramco's market value dropped to around $1.55 trillion, but it still remains the world's largest publicly listed company.

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