While neither country appears likely to move towards the habitual use of military power, the strikes in Syria demonstrated a growing comfort with the use of hard power alongside diplomacy.
Following the completion of PwC’s acquisition of Booz & Company, senior partners Hani Ashkar and Per-Ola Karlsson, explain why the deal could have its largest impact in the Middle East.
Market participants with direct knowledge of the deal said that Bahrain would be able to issue its first 30-year debt by taking advantage of good sentiment towards the Gulf in general.
The group, famous for its beheadings, provides electricity and water, pays salaries, controls traffic, and runs nearly everything from bakeries to courts.
Gulf bond issues, expected to start next month, are likely to include a sovereign sukuk from Sharjah and a sovereign U.S. dollar conventional bond from Bahrain.
The Kingdom’s preferred Sunni allies have lost out to militants, and Riyadh faces its nightmare scenario of watching two key Arab states become proxies for its rival Tehran or perpetual failed states.