Burning the Midnight Oil
“You can’t run a business based on sympathies,” the controversial billionaire oil broker, Marc Rich once said. The business of oil is no different; it lubricates the region. And as the price of oil has taken a hit from a high last year of $115 a barrel to $50 a barrel, many are casting about for reasons as to why.
The Economics of Migrant Workers in the GCC
The Economics of Migrant Workers in the GCC Home / Research / Studies / The Economics of Migrant Workers in the GCC. The presence of large migrant communities has made the Gulf Cooperation Council (GCC) countries a lightning rod for an immigration debate. Like many OECD (Organisation for Economic Co-operation and Development) countries, the GCC […]
The Economics of Migrant Workers in the GCC
The presence of large migrant communities has made the Gulf Cooperation Council (GCC) countries a lightning rod for an immigration debate. Like many OECD (Organisation for Economic Co-operation and Development) countries, the GCC countries are a popular destination…
First Among Equals
THE ANCIENT Chinese philosopher Mencius once said, “A state without an enemy or external peril is absolutely doomed.” Today, the Gulf Cooperation Council (GCC) is not faced with one enemy but a growing number of enemies.
The Geological Risks of Hydraulic Fracturing
There has been widespread debate regarding the environmental risks of hydraulic fracturing, especially concerns about ground water contamination. The shale oil and gas industry is built on the technology of hydraulic fracturing, and it has made vast amounts of oil and gas shale resources extractable at reasonable costs.
Republican Presidential Candidates From a GCC Perspective
With the US Presidential elections set to take place in a year’s time and with the growing disillusionment with the Obama administration and troubles in the region; to the GCC, understanding who may win is of vital importance.
The Syrian Conflict: Russian and GCC Perspectives
The Syrian conflict continues to deteriorate, with estimates suggesting a death toll in excess of 300,000, in addition to millions of refugees. The conflict has been extremely internationalized, not just in terms of the diplomatic attention that it has attracted, but also…
Shale Oil From a Different Perspective
The surge in shale oil supply has changed previous perceptions of oil market dynamics. The US shale oil industry succeeded in doubling US oil output in a few years, specifically after the 2008 financial crisis and up to 2014.
Lessons From the Greek Debt Crisis for Gulf Monetary Union
The Gulf countries are taking steps toward monetary union. The continuing Greek debt crisis has caused major problems for the European single currency. It also presents useful lessons for the Gulf countries as they plan their own single currency.
The Economics of the Iranian Nuclear Deal: Russian and GCC Perspectives
In July 2015, the P5 + 1 countries reached a deal on the Iranian nuclear program and on the lifting of economic sanctions imposed upon Iran. This important development in Middle Eastern strategy led to extensive commentary from many different stakeholders, including the governments of the US, Israel, Iran, and the Gulf Cooperation Council (GCC) countries.
