12-05-11, 12:08 PM
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Saudi Arabia may escape wave of Middle east unrest, S and P says
Saudi Arabia, the world’s top oil exporter, may escape the popular unrest that is sweeping the Middle East, though it shares some of the conditions that caused it, Standard & Poor’s said.
"Overall we are not very worried about that scenario and potential negative implications for creditworthiness," Kai Stukenbrock, S&P’s Dubai-based director of sovereign ratings in Europe, the Middle East and Africa, said in a conference call on Monday, referring to the risk of protest movements in the kingdom. S&P’s outlook for Saudi Arabia is "stable," he said.
Popular unrest that ousted Tunisia’s Zine El Abidine Ben Ali in January and Egypt’s Hosni Mubarak last month has spread to Saudi Arabia’s neighbors, Bahrain and Yemen, fueling concern it may also spill into the kingdom. There have been protests in recent days in eastern Saudi Arabia by Shiite Muslims, a minority group who say they suffer discrimination.
Saudi Arabia, an absolute monarchy that bans political parties and protests, shares some features that helped sparked protests in other countries, Stukenbrock said, citing a lack of civil liberties and political representation as well as "relatively high unemployment, particularly among the young."
Saudi Arabia’s Tadawul All Share Index has tumbled 13 percent this year on concern the kingdom may be destabilized by the spread of political unrest.
Source: Bloomberg
التوقيع
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تتقدم إدارة المنتدى بالشكر الجزيل
للمراقب والأديب/ حسن خليل ، على
جهوده الكبيرة في الرقي بالأقسام الأدبية
من خلال النقد ووضع المسابقات والحوافز
لجعل أقسامة متميزة كما هو ، سيما في
نجاح مسابقة " المقالة الأدبية " .
8/1/2012م
الأدارة .
يَا أَيُّهَا النَّاسُ إِنَّا خَلَقْنَاكُم مِّن ذَكَرٍ وَأُنثَى وَجَعَلْنَاكُمْ شُعُوبًا وَقَبَائِلَ لِتَعَارَفُوا إِنَّ أَكْرَمَكُمْ عِندَ اللَّهِ أَتْقَاكُمْ إِنَّ اللَّهَ عَلِيمٌ خَبِيرٌ
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