The GCC countries today face various challenges, of which arguably the most important is the security threats stemming from regional rivalries and the Arab Spring. In fact, most of these challenges are either fundamentally economic in nature, or they can be addressed economically, even those that superficially lack an economic dimension.
Economics
During the Sharm Al-Shaykh summit during the middle of March, the GCC countries announced a program of financial aid directed at Egypt, with a value in excess of $12 billion.
A quarterly publication that provides an overview of the current state of the Bahraini economy and analyzes it. In the “Policy Focus” section, the report analyzes an important current issue faced by policymakers and provides recommendations.
During the Umayyad and Abbasid dynasties, Muslims and Arabs led the world economically (and intellectually, artistically, etc.), with Shari’a commercial law ushering in unprecedented prosperity.
Oil prices fell significantly during the fourth quarter of 2014 and currently stand at less than $50/barrel, compared to over $100/barrel during August 2014.
A quarterly publication that provides an overview of the current state of the Bahraini economy and analyzes it. In the “Policy Focus” section, the report analyzes an important current issue faced by policymakers and provides recommendations.
Several scholars have argued that abundant natural resources can be harmful to economic performance under bad institutions and helpful when institutions are good. These arguments have either been theoretical or based on naturally occurring variation in natural resource wealth.
A quarterly publication that provides an overview of the current state of the Bahraini economy and analyzes it. In the “Policy Focus” section, the report analyzes an important current issue faced by policymakers and provides recommendations.
A quarterly publication that provides an overview of the current state of the Bahraini economy and analyzes it. In the “Policy Focus” section, the report analyzes an important current issue faced by policymakers and provides recommendations.
The GCC has achieved various successes since its inception in 1981, and in principle it has developed from a security and military union to economic integration, embodied in a customs union, a single market, and a tangible plan for launching monetary union.