Saudi King's Month-Long Journey In Asia With Traveling Court Of 1,000

March 11, 2017

Mar 11: Saudi King Salman bin Abdul Aziz's month-long journey through Asia has been eye-catching because of its scale. The world's most powerful royal is touring seven countries with a traveling court of more than 1,000 people, including 25 princes and 10 ministers.

salman

The entourage's total baggage weighs a reported 506 tons.

This week, Salman decided to extend his stay at a luxury resort on the scenic Indonesian island of Bali - perhaps an easy decision - ahead of stops in Japan and China. Salman began his trip in Malaysia, where he oversaw the inking of lucrative oil pacts and was apparently the subject of a foiled assassination attempt before he called on the sultan of Brunei.

The trip has huge implications, both for regional politics and for Washington. The Saudis are deeply aware of the need to diversify their economy, which is heavily dependent on oil exports, and are keen to attract investment from major Asian economies in addition to spreading their own largesse. They also see Southeast Asia, with its huge population of Sunni Muslims, as a realm where they can exert power.

At a time when uncertainty and political paralysis seems to be gripping the West, a pivot to Asia makes a great deal of sense. "There can also be no doubt that the not-too-subtle subtext of the king's tour is a signal that Saudi Arabia will preserve its flexibility when it comes to its dealings with the United States," wrote Gerald Feierstein in Foreign Affairs.

But one arena for Saudi expansion is perhaps surprising: the Maldives, which Salman will visit on the way back to Riyadh. The nation made of Indian Ocean islands may have a tiny population - about 400,000 people - but it is a vast ocean state, spanning some 1,000 kilometers across some of the world's most significant shipping routes. Controversy is swirling there about a reported Saudi plan to invest billions of dollars in Faafu atoll, which comprises 26 islands.

The Maldivian government, led by President Abdulla Yameen, has argued that the deal would lead to infrastructure investment and new housing in a country imperiled by rising sea levels. Critics insist the government is essentially handing a chunk of the country to foreign buyers in order to line its own pockets.

A government statement this week rejected such claims. "The administration categorically rebuts allegations that the atoll has been 'sold off' to a foreign entity," it read. But little has been revealed about the plans for the atoll or the nature of the investment deal.

"I find it very difficult to believe this is a straightforward commercial enterprise," said opposition leader Mohamed Nasheed during a trip to Washington. "Usually you have to have a proper, transparent bidding process, but President Yameen has chosen to do it in the dark."

Nasheed, who lives in exile in London, endured years of imprisonment as a political dissident before helping bring down a three-decade-long dictatorship. He won the Maldives' first free and fair democratic elections in 2008, but his rule was cut short by what most international observers characterized as a coup in 2012.

A tumultuous period followed, in which Nasheed won fresh elections, was thwarted by political opponents and eventually ended up in jail once more on trumped-up charges. The work of an international team of lawyers, including Amal Clooney, won him medical leave last year and led him to claim asylum in Britain.

But Nasheed has not given up the fight, and he said he worries about the corrosive influence the Saudis may have on his country. "It's one thing not to have democracy and freedom of expression, to have a dictator," Nasheed said. "But it's another thing to lose an atoll, to lose sovereignty. I am sure that the Maldivian people are very worried, and they may see how they want to push back these designs."

The disquiet extends beyond simply the Saudi role in the atoll deal. The Maldives is an almost-exclusively Sunni Muslim country. In recent years, a troubling religious radicalization has taken root in what was historically one of the most laissez-faire corners of the Muslim world. An estimated 200 to 300 Maldivians have gone to Syria to join jihadist groups, an astonishing statistic when you consider the size of the nation's population. (If Americans went to Syria in the same proportion, there would be just under 165,000 of them - at minimum.)

Nasheed lays this in part at the feet of the Saudis, who have spent decades spreading their stridently orthodox brand of Islam to other Muslim-majority nations. In Indonesia, the world's most populous Muslim country, a network of Saudi-built schools, mosques and medical facilities has bred both goodwill toward the kingdom and a new generation of adherents to its uncompromising faith. "This very narrow version of Islam favors their authoritarian rule," Nasheed said of the Saudis. "It has been propagated in the Maldives for many years and has created a breeding ground for radical Islam."

The Saudis aren't the only outside power interested in the Maldives. China sees the Maldives as a key linchpin in its vision of a "new maritime Silk Route," threading Chinese energy and trade interests to the Middle East. Beijing has been steadily expanding its footprint in the Indian Ocean and deepening ties with Yameen's government.

Nasheed suggests Beijing may also have a role in the Saudi atoll project and may use its increasing leverage over the Maldives to shoulder aside its regional rival, India. The Maldivian government last year gave a Chinese state-run company a 50-year lease on an uninhabited island near the capital isle, Male.

"We do not want to sit in the middle of a Cold War in between countries," Nasheed said.

But when the mammoth entourage of the Saudi monarch eventually circles over the Maldives' turquoise lagoons, it will be hard not to see the start of a new Great Game in Asia.

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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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News Network
April 5,2020

Beirut, Apr 5: The novel coronavirus has put global trade on hold, placed half of the world population in confinement and has the potential to topple governments and reshape diplomatic relations.

The United Nations has appealed for ceasefires in all the major conflicts rocking the planet, with its chief Antonio Guterres on Friday warning "the worst is yet to come". But it remains unclear what the pandemic's impact will be on the multiple wars roiling the Middle East.

Here is an overview of the impact so far on the conflicts in Syria, Yemen, Libya and Iraq:

The COVID-19 outbreak turned into a pandemic just as a ceasefire reached by the two main foreign power brokers in Syria's nine-year-old war -- Russia and Turkey -- was taking effect.

The three million people living in the ceasefire zone, in the country's northwestern region of Idlib, had little hope the deal would hold.

Yet fears the coronavirus could spread like wildfire across the devastated country appear to have given the truce an extended lease of life.

According to the Syrian Observatory for Human Rights, the month of March saw the lowest civilian death toll since the conflict started in 2011, with 103 deaths.

The ability of the multiple administrations in Syria -- the Damascus government, the autonomous Kurdish administration in the northeast and the jihadist-led alliance that runs Idlib -- to manage the coronavirus threat is key to their credibility.

"This epidemic is a way for Damascus to show that the Syrian state is efficient and all territories should be returned under its governance," analyst Fabrice Balanche said.

However the pandemic and the global mobilisation it requires could precipitate the departure of US-led troops from Syria and neighbouring Iraq.

This in turn could create a vacuum in which the Islamic State jihadist group, still reeling from the demise of its "caliphate" a year ago, could seek to step up its attacks.

The Yemeni government and the Huthi rebels initially responded positively to the UN appeal for a ceasefire, as did neighbouring Saudi Arabia, which leads a military coalition in support of the government.

That rare glimmer of hope in the five-year-old conflict was short-lived however and last week Saudi air defences intercepted ballistic missiles over Riyadh and a border city fired by the Iran-backed rebels.

The Saudi-led coalition retaliated by striking Huthi targets in the rebel-held capital Sanaa on Monday.

Talks have repeatedly faltered but the UN envoy Martin Griffiths is holding daily consultations in a bid to clinch a nationwide ceasefire.

More flare-ups in Yemen could compound a humanitarian crisis often described as the worst in the world and invite a coronavirus outbreak of catastrophic proportions.

In a country where the health infrastructure has collapsed, where water is a rare commodity and where 24 million people require humanitarian assistance, the population fears being wiped out if a ceasefire doesn't allow for adequate aid.

"People will end up dying on the streets, bodies will be rotting in the open," said Mohammed Omar, a taxi driver in the Red Sea port city of Hodeida.

Much like Yemen, the main protagonists in the Libyan conflict initially welcomed the UN ceasefire call but swiftly resumed hostilities.

Fierce fighting has rocked the south of the capital Tripoli in recent days, suggesting the risk of a major coronavirus outbreak is not enough to make guns fall silent.

Turkey has recently played a key role in the conflict, throwing its weight behind the UN-recognised Government of National Accord.

Fabrice Balanche predicted that accelerated Western disengagement from Middle East conflicts could limit Turkish support to the GNA.

That could eventually favour forces loyal to eastern-based strongman Khalifa Haftar, who launched an assault on Tripoli one year ago and has the backing of Russia, Egypt and the United Arab Emirates.

Western countries have been hit hardest by the pandemic, which could prompt them to divert both military resources and peace-brokering capacity from foreign conflicts.

A report by the International Crisis Group said European officials had reported that efforts to secure a ceasefire in Libya were no longer receiving high-level attention due to the pandemic.

Iraq is no longer gripped by fully-fledged conflict but it remains vulnerable to an IS resurgence in some regions and its two main foreign backers are at each other's throats.

Iran and the United States are two of the countries most affected by the coronavirus but there has been no sign of any let-up in their battle for influence that has largely played out on Iraqi soil.

With most non-US troops in the coalition now gone and some bases evacuated, American personnel are now regrouped in a handful of locations in Iraq.

Washington has deployed Patriot air defence missiles, prompting fears of a fresh escalation with Tehran, whose proxies it blames for a spate of rocket attacks on bases housing US troops.

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January 15,2020

Asia, Jan 15: Iranian Foreign Minister Javad Zarif on Wednesday said that killing of Iranian general Qassem Soleimani showed the ignorance and arrogance of the United States and asserted that Washington looks at things from their perspective and not keeping the interests of the region in mind."The US looks at things from their perspective, not from the perspective of this region. The killing of Qassem Soleimani shows ignorance and arrogance. 430 Indian cities saw protests against killing of Soleimani," Zarif said at an event.

Hitting out at US President Donald Trump and Secretary of State Michael Pompeo, Zarif said that they were the only ones, along with the Islamic State (ISIS) who celebrated the death of Soleimani.

"Who is celebrating Soleimani's killing? President Trump, Pompeo and Daesh (Arabic name of ISIS). You wonder about strange bedfellows?" he said.

Tensions between the US and Iran soared dramatically earlier this month after Washington launched airstrikes at Baghdad International Airport, which killed Soleimani. Tehran retaliated by firing a volley of ballistic missiles at two military bases of US-led coalition forces in Iraq, leading to a strife in the region.

However, Zarif regretted the shooting down of the Ukrainian airline and said it happened because of "tension".

"Nine million people were out in the streets of Iran commemorating Soleimani. You cannot bring out so many people to protest. The shooting down of a plane was a mistake. 180 families are mourning the loss of their dear ones. It happened because of tension," he said.

Asked whether there a chance of a diplomatic solution to the ongoing crisis, Zarif ruled out negotiating with the US.

"Iran is interested in diplomacy. We are not interested in negotiating with the US. US did not keep its commitments under nuclear deal. We had a US deal and the US broke it. If we have a Trump deal, how long will it last?" he said.

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