In recent years, Gulf Cooperation Council (GCC) – The Kingdom of Saudi Arabia (KSA), the United Arab Emirates UAE, Qatar, Oman, Kuwait and Bahrain – have been focusing on ensuring that their economies are not solely oil driven.
Reactions, from world leaders, to the outcome of the US Presidential election have been varied.
There have been reams of commentary, on the possible impact of a Biden Presidency on US policies – both domestic and foreign.
While President Trump-led US has been sticky about India winding down economic ties with Iran, it has exempted the Chabahar Project from sanctions, citing its strategic relevance.
The Islamic Republic of Iran is an important but often a contentious player geopolitically.
The Covid-19 pandemic has shown its impact on the global economy, and has also had an effect on the Saudi-UAE Economy, and there has been an emphasis on moving away from oil.
India received a whopping $83 billion worth of remittances, the bulk of these remittances were from the Gulf. Pre-Covid, there were about 8-10 million Indians in the GCC The largest population of Indian in the GCC is in the UAE followed by Saudi Arabia.
Not just the UK, but the US, Australia, New Zealand and Canada have reacted strongly, and taken some strong measures against the Chinese decision to impose the new National Security Law in Hong Kong.
A PAP victory was expected; but what drew the attention of observers was the stellar performance of the main opposition party – The Workers’ Party (WP) which improved its tally of seats from 6-10, and captured 50% of the vote in the seats it contested.
One of the countries which has been vocal in its criticism of Beijing both for not sharing information pertaining to the pandemic, and for the imposition of the national security law in Hong Kong is Britain.