03 Mar '11, 11am

Singapore's economic ties in Middle East stable for now

Singapore's economic ties in Middle East stable for now

Mr Yeo was referring to the six member countries of the Gulf Cooperation Council: Saudi Arabia, Oman, the United Arab Emirates, Bahrain, Qatar and Kuwait. -- ST PHOTO: JOYCE FANG SINGAPORE'S most important economic ties in the Middle East are with the Gulf Cooperation countries. These are, in Foreign Minister George Yeo's view, 'less likely' to be affected by the ongoing turmoil in the region. Mr Yeo was referring to the six member countries of the Gulf Cooperation Council: Saudi Arabia, Oman, the United Arab Emirates, Bahrain, Qatar and Kuwait. 'Although they are not immune to change, it is less likely that the changes in these countries will be disruptive. 'But we cannot be sure how history will unfold in the longer term. These are political risks we have to weigh carefully,' he said. Mr Yeo was replying to questions from Members of Parliament Michael Palmer (Pasir Ris-P...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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