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Time running out for oil-rich Gulf Sheiks as grievances over inequality pour out

Posted on 21 October 2013

This summer, disgruntled Saudis took their grievances online in droves, complaining of ever-growing inequality, rising poverty, corruption and unemployment. Their Twitter campaign became one of the world’s highest trending topics. It caused great alarm within elite circles in Saudi Arabia and sent ripples throughout the region. The rallying cry that “salaries are not enough” helped to prove that the monarchy’s social contract with its people is now publicly coming unstuck, and on a significant scale.
Many experts believe that the Gulf states have survived the Arab Spring because they are different. After all, they’ve weathered numerous past storms - from the Arab nationalist revolutions of the 1950s and ’60s to Saddam Hussein’s 1990 invasion of Kuwait to an al-Qaida terror campaign in 2003………………………………………..Full Article: Source


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VRS - who has written 34673 posts on Opalesque Commodities Briefing.


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