Castlereagh’s Gulf Monitor provides an insight into key developments in economic diversification, monetary and fiscal policy, social policy and foreign relations in line with the collective ambitions of GCC states to change their economies, yet preserve their systems of governance.
Also housed on this page is the Market Watch collection by Karen E. Young, who has followed and mapped closely the GCC states’ policy response since 2015. It is an authoritative guide to understanding policy formation, reaction and hydrocarbon reliance in the GCC in the last five years.
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Saudi Arabia is in a period of top-down restructuring, creating risk and opportunity for its citizens and ruling family.
Bahrain’s current fiscal situation is evidence that sometimes, even with the right policy mix, generating growth can be difficult.
Mohammed bin Salman envisions a new kind of Saudi Arabia, or at least the opening of a space complete with yoga studios, beach resorts, and robots in place of migrant laborers. This is the image of Neom
Government bonds are a popular remedy to budget deficits across the Gulf Cooperation Council states right now
Education is costly, and in the Gulf, it is becoming a very important component of private sector economic activity.
Economic liberalization tends to bring with it social, if not always political, openings. By definition, liberalization challenges existing orders.
Migrant labor has been an inherent part of economic development.
Egypt is at the ideological center of the ongoing dispute between Qatar and its fellow Gulf Cooperation Council members Saudi Arabia, the United Arab Emirates and Bahrain.
Qatar has lodged a complaint with the World Trade Organization against the United Arab Emirates, Saudi Arabia, and Bahrain for blocking its air traffic and increasing the costs of basic food and medicine imports.
On the heels of the G-20 summit in Hamburg, Turkish President Recep Tayyip Erdogan announced plans to visit Kuwait, Saudi Arabia, and Qatar.
The isolation of Qatar is but one example of how the politics of the Gulf Arab states are getting in the way of economic diversification and transformation.
The past week has witnessed an unprecedented escalation of tensions among the Gulf Cooperation Council states, culminating with Saudi Arabia, the United Arab Emirates, and Bahrain severing ties with Qatar.