Economic Diversification is the GCC’s Top Priority

An undated handout picture released by KNPC, a subsidiary of the Kuwait Petroleum Corporation on November 11, 2020, shows the Crude Distillation Unit at the Mina Abdullah Refinery in the Fahaheel district some 35 kilometres south of Kuwait City. (Photo by KNPC / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / KNPC" - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

It is a paradoxical truth that nations highly dependent on natural resources tend to be poor economic performers.   Such countries are exposed to ongoing adverse shocks, including price jolts, volatile demand and supply, and natural disasters. These factors can stir up macroeconomic instability and higher economic risks – otherwise known as the “natural resource curse”.   … Continue reading Economic Diversification is the GCC’s Top Priority

Interview: Kuwait’s First Elections under the New Emir

A Kuwaiti man casts his ballot in parliamentary elections at a polling station in Kuwait City on April 4, 2024. - Vote-weary Kuwait heads to the polls for the third time in three years on April 4, just months into the reign of a new emir but with no end in sight to the major oil exporter's chronic political paralysis. (Photo by YASSER AL-ZAYYAT / AFP)

1. Kuwait has faced political gridlock, resulting in four elections over the past four years and deteriorating social services. In this month’s parliamentary elections, the opposition maintained a 29-seat majority in the 50-member body, closely resembling the previous year’s outcome. What do these results indicate for Kuwait’s political landscape and potential reforms? Hope springs eternal,… Continue reading Interview: Kuwait’s First Elections under the New Emir

Reforms in Kuwait: Can the new prime minister achieve them?

Kuwait's new emir Sheikh Meshal al-Ahmad al-Sabah (R) salutes as he swears in before lawmakers as the country's 17th ruler, at the Kuwaiti parliament, on December 20, 2023 in Kuwait City. (Photo by YASSER AL-ZAYYAT / AFP)

There is rumored to have once been a sign in Doha that read, “yesterday Kuwait, today Dubai; tomorrow Qatar.” Although perhaps apocryphal, it captures an important and painful truth for many Kuwaitis. Kuwait initially led the way in the Arabian Gulf and was the first country with its own currency and Constitution of the State… Continue reading Reforms in Kuwait: Can the new prime minister achieve them?

GCC can emerge as ‘Middle Powers’ in second Cold War

Russian Foreign Minister Sergei Lavrov leaves with his counterparts of the Gulf Cooperation Council (GCC) member states and the GCC secretary general after posing for a family photo prior to their meeting in Moscow on July 10, 2023. (Photo by NATALIA KOLESNIKOVA / POOL / AFP)

We are living in a second Cold War. A multipolar world is evolving as governments adopt policies that are leading to increased economic and financial fragmentation.  Trade, foreign direct investment, and financial flows are increasingly encumbered by regulatory and legal restrictions.   The number of global trade restrictions introduced each year has nearly tripled since… Continue reading GCC can emerge as ‘Middle Powers’ in second Cold War

Necessity Will Drive Gulf States to Cooperate on Climate Change

Pedestrians cross a road amidst a severe dust storm in Kuwait City on May 23, 2022. (Photo by Yasser Al-Zayyat / AFP)

The impacts of climate change are becoming starkly visible in the Gulf. Already one of the driest, hottest parts of the world, the region is heating up at a rate twice as fast as the global average. Accordingly, Gulf governments are beginning to realize that ad hoc or unilateral strategies are not sufficient to tackle… Continue reading Necessity Will Drive Gulf States to Cooperate on Climate Change

Will COP28 Accelerate Climate Action in the Gulf and Beyond?

A woman walks in an empty conference room ahead of the COP28 United Nations climate summit in Dubai on November 28, 2023. - The UN chief urged world leaders to take decisive action to tackle ever-worsening climate change when they gather at the COP28 summit in Dubai starting this week. (Photo by Giuseppe CACACE / AFP)

The states of the Gulf Cooperation Council (GCC) have been pivotal to the global economy for decades, accounting for around 30 percent of confirmed petroleum reserves worldwide and 20 percent of total natural gas reserves. Yet as the effects of climate change intensify and global climate policies impact the bottom line for hydrocarbon exporters, those… Continue reading Will COP28 Accelerate Climate Action in the Gulf and Beyond?

Gulf Normalization Under Strain as Israel Pounds Gaza 

MANAMA, BAHRAIN - OCTOBER 13: People attend a rally to express their solidarity with Palestinians and protest Israeli airstrikes on Gaza in the capital Manama, Bahrain on October 13, 2023. Ayman Yaqoob / Anadolu (Photo by Ayman Yaqoob / ANADOLU / Anadolu via AFP)

Since an unprecedented conflict flared between Israel and Hamas on October 7, the Arab Gulf states have been working to de-escalate and prevent the crisis from sparking a catastrophic regional war dragging in Iranian allies such as Hezbollah in Lebanon, armed groups in Syria and Houthi rebels in Yemen.  Yet while the GCC states agree… Continue reading Gulf Normalization Under Strain as Israel Pounds Gaza 

Can Iraq’s New PM Chart a Different Relationship with the Gulf?

Iraq's Prime Minister Mohammed Shia al-Sudani along with French President Emmanuel Macron, Jordan's King Abdullah II, Egypt's President Abdel Fattah al-Sisi, Jordan's Crown Prince Hussein, Qatar's Foreign Minister and Deputy Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani and other Gulf leaders stand for a photograph at the second Baghdad Conference for Cooperation and Partnership, at the Dead Sea, Jordan December 20, 2022. REUTERS/Alaa Al Sukhni

Iraq’s new government is hoping that an influx of investment from its Gulf neighbors can breathe life into its economy and diversify its regional relationships after years of being so close to Iran. But such efforts are likely to face stiff opposition from Tehran and its proxies, who have expanded and consolidated their influence since… Continue reading Can Iraq’s New PM Chart a Different Relationship with the Gulf?

China’s Xi travels to Saudi Arabia as Asia-GCC relations reach new heights 

Chinese President Xi Jinping arrives in Riyadh, Saudi Arabia, December 7, 2022. Saudi Press Agency/Handout via REUTERS

The arrival of Chinese President Xi Jinping in Saudi Arabia marks an important moment in the historical relationship between the two countries and their respective regions. While the United States has recently been eager to drive a wedge between its partners in the Persian Gulf and its rival to the East, heads of state from… Continue reading China’s Xi travels to Saudi Arabia as Asia-GCC relations reach new heights 

Twenty Years of Governance Reform: What’s Next for the MENA Region?

In 2002, the United Nations Development Program (UNDP) produced a remarkable and far-reaching document titled the Arab Human Development Report. Written largely by Arab authors, the report mobilized a wealth of data to argue persuasively that the lack of socio-economic development within the Arab region is the product of three fundamental deficits in freedom, knowledge,… Continue reading Twenty Years of Governance Reform: What’s Next for the MENA Region?