Not all dreams are necessarily rosy. Talking about the future is often associated with…
Energy
Gulf countries are working to establish an international network of trains, complementing the internal networks adopted by large countries such as Saudi Arabia. Analysts typically speculate that the main benefit of boosting the transportation network is to transport goods to support the…
Demand for electricity in the Arab world has increased tenfold since 1980. The latest Energy Report considers factors contributing to this increase in demand, the most important of which is an increased population and urban and industrial growth …………..
Bahrain needs more than ever to conserve renewable energy from unconventional, sustainable sources such…
The term “going out of darkness” refers to the book by Abdul Hamid Al-Mahadeen, which talks about the education in the Kingdom of Bahrain since its inception, opening up, modernization, and settlement. These stages…
Regardless of how many countries seek alternatives to oil, the fact remains that they are still the mainstay of the economies of those countries and will probably remain so for decades to come. Securing this vital resource is of interest to producers and consumers alike.
In early 2016, Prince Mohammed bin Salman, the deputy crown prince of Saudi Arabia, declared that the Saudi government was considering an initial public offering (IPO) for a minority of Aramco’s shares.
Because the hydrocarbon sector is responsible for such a large proportion of the gross domestic product of the GCC states’, maximizing the value obtained from these resources in a sustainable way is essential. In this regard, modeling the energy sector is a key tool for better understanding of the energy markets.
For Saudi Arabia and the remaining Gulf Cooperation Council (GCC) countries (Bahrain, Kuwait, Oman, Qatar and United Arab Emirates), which together account for around 40 percent of the world’s oil reserves and the lion’s share of OPEC’s collective output, their future oil strategy should be an exclusively GCC affair, away from the stress and dysfunction of OPEC.
Subsidies in the GCC are a tradition that is particularly difficult to justify, and Twain’s maxim has likely underlain some of the challenges faced by the Gulf governments as they have tried to scale back subsidies. Biases in the way that humans think present additional obstacles to reform.