Who profits from Gulf oil revenues? - 22 Jun 08

A new report has detailed the staggering profits being made by the six nation Gulf Co-operation Council of Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates and Saudi Arabia.

In 2007, they earned $364bn from oil, and that's set to increase in 2008 to almost $650bn.

But who profits from those huge revenues?

Amr El Khaky reports from Saudi Arabia.

Category:

News & Politics

Tags:

• amr
• khaky
• saudi
• arabia
• oil
• jazeera

[MementoExpose]

They don't seem to be able to comprehend this, last week I was trying to explain this to some pro-Gulf Sheikhs guy and he just couldn't understand that sitting on your as* and using your oil money to do business and import foreign knowledge doesn't mean being modern.

[PauloGVieira]

The only worthy investment for a state in the long-term is in human capital. The dilemma of the rentier state still applies when it comes to wealth funds.

[STONEISLAND38]

SHAME ON YOU FACIST RACIST SAUDI GOVERNMENT SHAME ON YOU SO CALLED MUSLIMS LOOK THE WEALTH OF OIL BELONGS TO ALL MUSLIMS WORLDWIDE NOT TO AL SAUD

LOOK AT THESE JEWS AL SAUD ENEMY OF ISLAM AND PROPHET MUHAMMAD PEACE BE UPON HIM

LOOK WHAT THEY PROMOTE NATIONALISM AND RACISM NOT PART OF ISLAM YOU COULD BE BORN IN EUROPE OR LIVE THERE AND THEY WILL GRANT YOU CITIZENSHIP NOT SAUDI ARABIA THOUGH NEITHER ANY GULF COUNTRIES PURE UNISLAMIC LAWS THEY ARE PRACTISING

[WarriorOfTheOldWays1]

Look at the shit people do to this planet.All for their fucking greed

[Rico8458]

saudi drink oil for breakfast. lol. when king takes a dump and flush the toilet oil runs in it and out goes the trash.. lol

[ssaleen2010]

Arabian gulf forever

[Omariqwer]

Nice Nice Video. I really loved your video. Youtube can be a great asset for you. If you need any help getting your video exposed, check out this site called tubeviews [dot net] It has really done wonders for me, I have built 3 Channels up with videos at top in position and this is my forth channel i'm going to working on.

I was skepic about this service, but wow lol, not any more!

[ssaleen2010]

GCC = GULF COOPERATION COUNCIL, google it its like EU but for the GULF arabs - UAE, Saudia Arabia, Bahrain, Qatar, Oman, Kuwait and they have joint forces called desert shield so they are not talking about the oil in the persion gulf they talking about the memembers of GCC

[JohnyFiama]

FLAGGED: the legitimate name for this body of water is Persian Gulf!! Please, correct your mistake and comply with international regulations on legal standard names.

[PersiaMyLove]

The name is PERSIAN GULF oil revenues.

FLAGGED for "misleading text" / "Spam"

[dussuh]

you western people always think arabs profit from oil. they dont its just a tool for the goverments. u all think like we get any fuking oil money the goverments just use it as a weapon. white ppl are all rich while the others are poor and still they complain about us while bombing others to the stone age.

[ikran2007]

the only ppl that are geting all the money in saudi arabia are the saudi royel family so they can have all the power and help their friend in the west.