Gulf Economic Statecraft Hits Lebanon
Hezbollah leader Hassan Nasrallah recently railed against the influence of Gulf money and political support in Lebanon.
Hezbollah leader Hassan Nasrallah recently railed against the influence of Gulf money and political support in Lebanon.
One can readily understand why Saudi Arabia suspended a $3 billion (Dh11bn) aid package for the Lebanese Armed Forces to purchase French weapons, and cancelled outright an additional $1 billion in support for Lebanese internal security.
Saudi Arabia’s decision to suspend a major military aid package to Lebanon – $3 billion earmarked for the purchase of French weapons – and to revoke another $1 billion pledged to support Lebanon’s internal security services, is an unexpected and dramatic change of policy toward a politically crucial Arab country.
Aramco’s journey reflects not just the shift in Saudi energy policy but a broader reimagining of what national oil companies can achieve on the global stage.
Learn MoreThrough its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.
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