British Defense, Oil Business in Gulf May Be Vulnerable to Syria

Britain’s decision not to join a military strike on Syria may have more than a purely political impact: it could over time make it more difficult for British businessmen to win billions of dollars of contracts in the Gulf.

British companies are bidding for several big-ticket deals in the region, including oil concessions and contracts to supply dozens of fighter jets to the United Arab Emirates and Qatar.

Most of the wealthy Gulf oil exporters, particularly Qatar and Saudi Arabia, are …

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