Oil-rich Arab states open their coffers
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DUBAI — Oil-rich monarchies in the Gulf may have chosen to pre-empt protests by opening their coffers to their citizens, but other Arab states in turmoil — or in the wake of it — lack the “cash for calm” option.
The fact that Arab rulers in the Gulf have responded with money and benefits to the wave of popular unrest sweeping across the region betrays their deep concern, analysts say.
While a swift injection of cash may take the edge off potential crises in the rich states, only huge amounts of international aid can ensure development of those poorer Arab nations where the current unrest began, they believe.
“It is usual for the king to give people something, a token, but this time it’s bigger — it shows a bit of a panic,” said Dubai-based Platts analyst Kate Dorian, in reference to Saudi Arabia..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20110301com3.html
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