29 research outputs found

    The political economy of Saudi Arabia

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    Managing moderation : the AKP in Turkey and the PKS in Indonesia

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    Moderation does not constitute a monolithic model and the difference in the moderation process will influence the way a political party manages its internal dynamics. The cases of the AKP and the PKS show that both have different levels of moderation due to the different contexts of their social and political environments. The AKP has to deal with an extreme interpretation of secularism in Turkey that influences the party’s members to refrain from any confrontation with secular strongholds. The PKS has more freedom to express its ideology in the Indonesian democratic political system; hence the party is able to develop internal organisational procedures and programmes based on religious principles. To anticipate difficulties arising from from moderation, the AKP uses an organisational approach to give space for open and dynamic internal management and reduce the role of ideology significantly. The PKS still utilises its ideology in managing the impact of moderation by defining religious values as principles of organisation in parallel with organisational principles. Both parties are relatively successful in convincing their members to trust the party and its leaders in different ways. Party vision and personal charisma are more apparent for the AKP, although the PKS has to rely on interpretation of ideology as the main source of trust. By placing more emphasis on organisation, the AKP employs definition of violation toward party’s rules and decisions based on an organisational approach. In contrast, the definition of violation in the PKS relies on both religious and organisational principles. As a result, the AKP implements policies to dismiss members based on unambiguous principles with relatively insignificant opposition. The PKS has to deal with complaints of dismissal since the policies are taken based on interpretation of procedures and reasons. It is also proven that the AKP is able to convince voters by offering programmes to meet popular demands without relying on a religious agenda. While the PKS has been successful in developing an effective and solid party, it still has many problems in gaining support during elections as its pragmatic adjustment moderation also generates confusion internally and externally.EThOS - Electronic Theses Online ServiceGBUnited Kingdo

    Political economy of the Gulf sovereign wealth funds : a case study of Iran, Kuwait, Saudi Arabia and United Arab Emirates

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    Using as case studies three GCC commodity-based sovereign wealth funds – Saudi Arabia, Kuwait, and the UAE – and the SWFs of Iran and Norway for comparison, this study examines and analyses their history, governance and structure, and investment strategies, in the context of on-going debates about their transparency. Most Gulf CSWFs, were established under colonial rule. Now owned by the region’s Arab states they have operated in the global financial system since the 1960s. Since the 1970s and the enormous inflow of oil revenues, the funds have broadened their asset classes and their institutional development. Iran’s SWF, one of the youngest funds in the Gulf, differs from its Arab neighbours in terms of structure and operation, and is less active internationally. Characterised by lack of transparency and corruption, Iran’s sovereign wealth investments and management also lag behind those of its neighbours. Debate over the transparency of SWFs has highlighted various global practices. Norway’s SWF is reputedly the most transparent in the world; its CSWF provides an operational and structural comparison for the Gulf cases. Recently, organisational measures have been introduced for calculating possible risks from non-commercial investment incentives of SWFs, whose politically-driven investment strategies are viewed as potentially a major threat to the national security of their host countries. An international working group of 25 countries that sponsor sovereign wealth funds, plus the IMF, has introduced a set of principles and practices for SWF operation, in order to minimise their possible risk of impacting negatively on global financial and political stability. Most western governments are also introducing regulatory codes to identify threats and protect their own strategic economic sectors from certain SWF investments. This study reviews certain incidents that triggered the transparency debate, and scrutinises the reaction of some of the Gulf CSWFs to these recent regulatory codes and_strategies.EThOS - Electronic Theses Online ServiceGBUnited Kingdo

    The political and economic relations of the People's Republic of China (PRC) and the Kingdom of Saudi Arabia (KSA), 1949-2010

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    The main concern of this thesis is the development of political and economic relations between the PRC and the KSA. The relations that officially developed after the establishment of diplomatic relations are the focus of analysis of the thesis. By examining the historical and statistical data, the thesis assesses the factors that have cultivated and maintained the Sino-Saudi political and economic relations, as well as the implications of these bilateral links. In analysing the relations, a theoretical conception of complex interdependence has been used. The thesis first provides background on China’s policy towards the superpowers and the Middle Eastern countries between 1949 and 1989, and looks at how China and Saudi Arabia related to each other over this period. The thesis then argues that over the first decade (1990-2000) of Sino-Saudi diplomatic relations, the two countries began to lay the basis for complex interdependence between them. It highlights a number of characteristics of complex interdependence which came to exist. The thesis then goes on to examine whether, in the second decade (2001-2010) of bilateral relations, an intensification of complex interdependence ensued. The complex interdependence approach links closely with constructivist theory in terms of how this thesis is conceived. The thesis argues that China and Saudi Arabia between 1949 and 1977 shared an understanding that their ideological positions made official links between them impossible. Over the course of the following twelve years, this understanding gradually changed. The change laid the basis for the development of diplomatic relations in 1990. In the years between 1990 and 2010, the policy responses of China and Saudi Arabia to major regional events exhibited a commonality of perception. This underpinned the development of the relationship. To identify clearly the growth of Sino-Saudi relations, the thesis is divided into three time periods: 1949-89; 1990-2000; and 2001-10. The time period 1949-89 has three distinct phases: 1949-65; 1966-77; and 1978-89. The 1949-65 and 1966-97 periods are characterised by the absence of state-to-state relations between the PRC and the KSA. However, unofficial contact between Muslims on mainland China and Saudi officials and leaders was established and largely maintained. State-to-state contact only existed between the KSA and ROC governments, which shared broadly anti-Communist sentiments. During the 1978-89 phase, hope for the establishment of diplomatic relations between the PRC and the KSA was high. Some intergovernmental contact was initiated, direct communications between the leaders of the two countries were enhanced, and a joint endeavour towards the development of diplomatic ties was pursued. The 1988 missile deal smoothly accelerated the process of developing these ties. In the 1990-2000 phase, four decades after the establishment of the PRC, Sino-Saudi diplomatic relations were established. The establishment of these diplomatic relations was daunting for the ROC, which wanted to preserve the diplomatic recognition that the KSA had granted it for the preceding 45 years. The strenuous efforts of the ROC to prevent a dramatic shift of diplomatic recognition to mainland China were in vain. The 1990-2000 phase was marked by significant growth in the newly established Riyadh-Beijing diplomatic relationship. Economic interests were at the heart of the agendas of the leaders and officials of the two countries. They began to enhance co-operation and to sign agreements related to various aspects of their bilateral relations. A Memorandum of Understanding (MoU) on Oil Co-operation was concluded in 1999. The value of Sino-Saudi total trade rose by 643 percent between 1990 and 2000 and the volume of Saudi oil exports to China increased by 6,721 percent between 1991 and 2000. After nearly ten years official diplomatic relations were established, President Jiang Zemin viewed the development of bilateral relations as impressive, while Crown Prince Abdullah seemed to suggest that there was now “an intimate relationship” between the two countries, saying that he considered the PRC to be the KSA’s closest friend. The period 2001-10 is also sub-divided into two phases: 2001-05 and 2006-10. This period exhibits the three characteristics of complex interdependence that Keohane and Nye (2000) put forward in their scholarly work: multiple channels, the minimal role of military force, and the absence of a hierarchy of issues. Security issues were largely excluded from Sino-Saudi bilateral relations, while economic interests dominated the agendas of the two countries. In the first phase (2001-05), high-level officials continued to play a leading role in bilateral economic relations. They consistently called for the participation of the private sector in expanding Riyadh-Beijing economic ties. The value of Sino-Saudi total trade continued to climb, reaching USD16.1bn in 2005, and the PRC’s oil imports from the KSA reached 22.2 million tonnes in the same year. Some joint investment projects that involved the participation of Chinese and Saudi companies in the hydrocarbons sector were successful. With regard to the construction industry, Chinese companies won four construction projects from the Saudi Arabian cement industry. The second phase (2006-10) was marked by substantial advancement in Sino-Saudi relations. Following the exchange visits of the state leaders in 2006, bilateral contacts expanded rapidly. The visits led to the formulation of more strategies, with the intention of cementing the relationship, increasing contact and concluding more agreements. The Chinese leaders called for “strategic co-operation”, “a friendly and co-operative strategic partnership”, and “strategic friendly relations”, specifically referring to economic co-operation. This second phase saw Sino-Saudi total trade increase to USD 33bn in 2009, and the volume of PRC oil imports from the KSA reached a peak of 41.8million barrels in the same year. With regard to the hydrocarbons joint ventures, in which investments were jointly made by Saudi ARAMCO and Sinopec, the projects in Quanzhou and Rub’ Al-Khali were good examples of the strong co-operation between PRC and KSA companies. The Quanzhou plant launched operation in 2009, and the gas-exploration project in Rub’Al-Khali engaged in drilling for another three years (its operation began in 2004). The achievement of SINOPEC SABIC Tianjin Petrochemical Co., Ltd, as part of the Tianjin petrochemical project, is another example of such co-operation. In non-hydrocarbons joint ventures, mutual investment increased exponentially, particularly in the mining sector.EThOS - Electronic Theses Online ServiceMinistry of Higher Education, MalaysiaGBUnited Kingdo

    The Gulf and Southeast Asia : regional security complex and regional security community : a comparative study

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    The study covers two regions. These are shown to constitute ‘Regional security complexes’. The Gulf region and the Gulf Cooperation Council (GCC) and the Association of Southeast Asian Nations (ASEAN) in the Southeast Asian region are the focus of study. The defence and security circumstances of the two regions and the responses of the regions’ governments severally and cooperatively are examined. The study has had to take account of the geographic, historical, ethno-cultural differences between the two regions. These are shown to be influential in their respective security responses. Nonetheless, the thesis demonstrates how the regions can be understood in terms of a common theoretical framework. The study is undertaken primarily within the framework of the theory of ‘Regional Security Complex’ (RSCT), as developed by Buzan and Waever in Regions and Power. Regional security complexes are areas of internal “security interdependence” and securitisation. The theory (RSCT) is discussed critically. ‘Security Communities’ is a major comparative feature of the study. Amitav Acharya develops this approach in Constructing a Security Community in Southeast Asia. Emphasis is on the “creative construction” of a ‘security community’. The Gulf Cooperation Council may also be viewed in this way. ‘Regional security complex’ and ‘regional security community’ are not alternative theories of regional inter-state relations. The second is superstructural on the prior facts of regional security complexity. The GCC is a partial response to regional security and is a securitising actor in the region. ASEAN is an attempt at region-wide inclusiveness and conflict avoidance. Institutional management of security is described. The two regional approaches differ as beliefs that the “enmity/amity balance” is amenable to official regional policy and action: the Gulf and GCC are apparently locked in a dominant ‘enmity’ scenario; ASEAN seeks to establish a regime of ‘amity’. Whether ASEAN is notably less militarily oriented than the Gulf is questioned. States’ insistence on national security ‘resilience’ and ASEAN norms of ‘sovereignty’, ‘non-interference’ and conflict avoidance’ impede regional security development. ASEAN’s progress towards an ‘ASEAN Security Community’ is examined. The study discusses practicalities of these policies. The application and limitations of ‘Revolution in military affairs’ (RMA) are discussed. The military are viewed as a principal operational actor in any regional security response to conditions of regional security complexity. An examination of state-military relations is based on the concepts of ‘grand strategy’ and ‘military doctrine’.EThOS - Electronic Theses Online ServiceGBUnited Kingdo

    Institutionalising Islamic political parties in Indonesia : a study of internal fragmentation and cohesion in the post-Soeharto era (1998-2008)

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    The thesis will address the question of why Islamic political parties, in the first decade of the reform era, suffer internal fragmentation and have failed to develop cohesion, while one Islamic party has been able to develop and consolidate. This thesis will explore and analyze factors and reasons behind the problem of the cohesion of the Islamic political parties by associating it with the existence of party institutionalization. For this purpose, this thesis would be a study of comparative institutionalization of Islamic political parties, particularly between the National Wakening Party (PKB) and the Prosperous Justice Party (PKS). PKB is a good exemplar for an Islamic party that experienced severely fragmented parties. In fact, this party has became the largest among Islamic political parties and including one of the worst fragmentations among all new political parties in Indonesia. Meanwhile, PKS has been able to maintain its internal discipline and unity, although factionalism and fragmentation have become commonplace during the first decade of the Reform Era. This thesis believes that the more a party have been institutionalized, which is indicated by the existence of procedural leadership in decision-making process, the effectiveness of internal conflict resolution mechanism, the continuation of systematic cadrerization and the commitment to the shared values, there is a bigger chance of the party to preserve its cohesion. On the other hand, the less a party have been institutionalized which is indicated by the ineffectiveness of procedural leadership, the failure of internal conflict resolution mechanism, the impediment of systematic cadrerization, and the failure to provide ideology as the guidance of policy and uniting values, there is more possibility for the party to be fragmented.EThOS - Electronic Theses Online ServiceGBUnited Kingdo

    Contemporary Wahhabism rebranded as Salafism : the issue of interpreting the Qur'anic verses and hadith on the Attributes of God and its significance

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    This research studies the theology of those Wahhabis who have now named themselves Salafis. For the purpose of the study, they are referred to as the ‘Wahhabis-self-named-Salafis’ (WSNS). The thesis starts with the observation that the WSNS are usually studied from a political perspective, much less frequently a theological one. Recent research has identified that the theological background of all the different factions of the WSNS is one and the same. This is true for the WSNS who advocate a peaceful way to achieve their goals, as well as those who do not. This thesis aims to explore some of the theological issues that unify these factions. This research demonstrates that, because the WSNS are opposed to the very concept of interpretation of the Qur’an and the hadith, especially when these texts deal with important theological issues such as the Attributes of God, they have developed a vision of Islamic history which is entirely different from the one which had traditionally been accepted by most Muslim scholars and Western academics. They have redefined the notion of Sunnism as it has been known, mostly basing themselves on this single issue. This thesis shows that the WSNS deny the existence of any interpretation ever made by a recognised member of the Salaf (i.e. the Muslims of the first three generations). In contrast, the Sunnis who do not claim to be Salafis, but who nonetheless consider themselves as treading the path of the Salaf (called in the thesis: ‘Sunnis-not-claiming-to-be-Salafis’) are of the view that they did allow interpretation. The WSNS therefore consider that the Ash‘ari scholars (from the main Sunni theological school) had a corrupted creed concerning God. This leads the followers of the WSNS, from across the spectrum of the different factions, to consider that most of the Islamic scholars from the past had actually failed to understand the proper Tawhid, or Oneness of God, which is tantamount to considering them all as misguided, with the notable exception of Ibn Taymiyya and his students, and Muhammad ibn ‘Abd al-Wahhab and his students. The research argues that, by favouring the non-violent factions of the WSNS simply because they are officially opposed to terrorism and suicide bombings, current counter-terrorism strategies are allowing the gradual replacement of the core of the notion of Sunnism to go ahead, thereby fuelling future chaos and confusion in the Muslim community. This thesis highlights the longer term implications of these strategies for the Muslim community and the world at large.EThOS - Electronic Theses Online ServiceBritish Council of Paris : Council for British Research in the LevantGBUnited Kingdo

    Investigation into market abuse in the UAE financial markets : a comparative legal study

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    Market abuse practices have clearly harmed the integrity of financial markets and damaged investors’ confidence. Market abuse takes two forms: insider dealing and market manipulation. These cover a variety of illegal practices, such as misusing inside information, pursuing courses of conduct which lead to artificial transactions, giving false or misleading information, and distorting the market in other ways. This thesis aims to examine the two forms of market abuse (insider dealing and market manipulation) under the UAE legal system. Particular attention is given to Federal Law No. 4 of 2000, known as the Emirates Securities & Commodities Authority Law (ESCA Law 2000). Other regulations which affect the market place are also covered. The core question addressed in this thesis is to what extent ESCA Law 2000, and other regulations promulgated pursuant thereto, are efficient in combating market abuse practices and how they have been applied to protect market integrity and the market participants. The thesis investigates the deficiencies of the existing law through a legal comparative study of the jurisdictions of the UK and the Dubai International Financial Centre. This is followed by an applied study which consists of a questionnaire and interviews. The applied study, conducted in the UAE, aims to investigate the perspectives of legal experts, other specialists and investors towards the regulation of the securities markets in the UAE. Applied study and comparison eventually provide the basis for recommendations for the improvement of the UAE legal system, with respect to market abuse practices.EThOS - Electronic Theses Online ServiceAbu Dhabi Investment AuthorityGBUnited Kingdo
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