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MENA Development Partners

MENA Development Partners LLC

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Saudi Arabia stays out of other countries' affairs

Posted on April 28, 2013 at 9:47 PM
I read the following announcement today & felt it was important enough to share.

"Riyadh: Saudi Arabia’s Ministry of Foreign Affairs issued a statement today in response to what has been recently published by the British ‘Financial Times’ newspaper, claiming that the Kingdom of Saudi Arabia made contacts with members of the Bahraini AlWefaq Opposition Society, an official source at the Ministry of Foreign Affairs stated that the Financial Times newspaper’s article about such contacts is altogether untrue and baseless and that the Kingdom of Saudi Arabia does not interfere, in any way, in other nations affairs and that is a basic and constant principle of its foreign policy." --SPA

I must admit that the whole Laissez-faire (Literally, French for "Let do") has always been something I am torn about. I definitely believe that it needs to based on situation-by-situation/ country-by-country. Part of me wants to believe that countries should "fight their own battles", while the other part of me realizes that the environment is near impossible in a free economy. Fundamentally in theory, it seems to make perfect sense to stay out of other countries' internal affairs. But at the same time, in this day in age, is it even possible?

It is one thing to declare that a country doesn't interfere, I believe a country such as the Kingdom of Saudi Arabia has too much leverage (particularly financial leverage) to absolutely not have some kind of influence on many, many countries' internal affairs. But again, just my personal opinion.

Categories: Finance in Middle East, Middle Eastern finance, Saudi business

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