To date, no clear consensus has been reached on whether natural wealth such as hydrocarbon’s is a blessing or a curse, and no comprehensive methodology has been established.
Opening up to private sector investment is the only way forward for Arabian Gulf countries.
The ideas of religious moderation and social modernization have been steadily pushed on the defensive in the four decades since 1979. Any effort to reverse 1979, therefore, must be welcomed in the Subcontinent.
Today, oil is facing mounting pressure as the world tries hard to move towards a greener, cleaner future and vows to end the age of fossil fuels.
Oman recently became the first Middle Eastern country to join the very small club of unconventional oil and gas producers, currently led by the United States.
Saad Andary of Lebanon’s Central Bank says its foreign currency reserves guarantee financial stability in the years ahead.
Economist Jad Chaaban talks about the challenges to Lebanon’s economy, but suggests that not all is bad.
A regular survey of experts on matters relating to Middle Eastern and North African politics and security.
The rise of electric vehicles appears unstoppable, but they need much more to cause a serious disruption in the transport sector.
Regional crises, water scarcity, and low agricultural yields mean the Middle East is increasingly less able to feed itself.