The former president of Saudi Aramco brushed off Iran’s threats to close the Strait of Hormuz.
Speaking on the sidelines of a Dubai conference, the ex-chief of the world’s richest company said he did not think closure was likely, and would not be a disaster for oil-producing Gulf countries even if it happened.
“No one will allow the closure,” Abdallah Jum’ah told Arabian Business, “the world will not allow it.”
The hotel brand inspired by a legendary land described in a 1933 novel is spreading its story across the GCC. Global CEO Greg Dogan discusses expansion plans and the industry's new emphasis on “lifestyle”.