04
May
08

Gulf countries dismiss threats in Iraq & Iran

Iran’s supreme leader has stated that Tehran would not give up its rights in the face of Western pressure, two days after major powers said they would make a new offer to convince Tehran to halt its nuclear plans. The Kuwaiti economy has evidently dismissed the threats from Iran sending the Kuwait Stock Exchange to an all-time high.

“We will continue with our path with power and we will not allow the arrogant ones to step on the right of this nation… Threatening the Iranian nation will not (make it) retreat.” 

- Ayatollah Ali Khamenei, Iran’s supreme leader

News of political instability in the country, coupled with the threats in Iraq and Iran have been seen as positive aids in extending the economic boom in the Middle East.

 


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