The recent UK referendum to leave the EU, or Brexit, as it is frequently known, represents shifting tides in many geopolitical arenas. This series is devoted to looking at the many possibilities that this could represent to the Middle East, in particular, and what it means for the stabilization of countries in that region.
Free skies agreement ends
Many of the wealthier countries in the Middle East, especially the Gulf countries of Kuwait, Bahrain, and Jordan, benefit from the free skies agreement in the European Union. London’s strategic significance as a major investment capital provided a major network of commerce that many nations from the region had been able to benefit from. Commerce increases with free movement, especially through the sky. Airlines in the gulf countries are now concerned because the UK’s exit from the EU means that this agreement will need to be renegotiated, and will certainly provide more restrictions that will suffocate business between connecting nations and London.Read More