Summary: the UK has the opportunity to deepen trade relations with the GCC states who, even though China beckons, will need a strong counter-balance with the West to fully realise the goal of diversifying their economies away from hydrocarbons dependency.
Summary: the lenders who are bankrolling Egypt’s President Sisi, principally the Gulf states, are growing uneasy as Egypt’s currency woes and ever-mounting debt signal an economic crash is on the horizon.
Summary: 2023 promises to be a very difficult year for many MENA countries with only the Gulf states escaping the long shadow of a deep economic slowdown.
Summary: a new examination of the environmental efforts of Gulf hydrocarbons producers shows that behind the talk of a green agenda there is little of substance to stand up their claims to be onside with the struggle to save the world from environmental destruction.
Summary: Dubai has made the sale and consumption of alcohol easier and cheaper as it bids to retain top place in the Gulf tourism sector even as Mohammed bin Salman pours billions into developing a sector that to thrive requires that which is forbidden in his kingdom: the elixir of alcohol.
Summary: a December bailout by the IMF is destined to do little to staunch the collapse of the value of the Egyptian pound as foreign debt soars and currency reserves decline.
Summary: Elon Musk’s takeover of Twitter could call time, for the time being, on Gulf states using the platform to spread disinformation and attack critics and regional foes.
Summary: China has abandoned ambiguity and sided with the Gulf Cooperation Council where overwhelmingly its economic interests lie, disappointing a jilted Iran.
Summary: a recent court case highlights the failure of a UK government programme that was aimed at bringing meaningful judicial and police reform to the Gulf state kingdom.
Summary: after quadrupling their debt burden since 2014, the Gulf states are pausing new borrowing, thanks to reforms and the oil windfall. Oman and Qatar are even actively deleveraging. However, Bahrain and Sharjah remain in precarious positions.