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
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
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?
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
A diplomatic agreement between Saudi Arabia and Iran has raised hopes that it could lead to a peace agreement in Yemen, where war has raged with the help of both parties for over eight years. Over the past week, Houthi officials have been holding peace talks in Sanaa with a delegation led by Saudi Ambassador… Continue reading Saudi-Iran Rapprochement Unlikely to Bring Lasting Peace to Yemen
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?
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