Gulf Monitor

Gulf Monitor

The countries of the GCC – the Kingdom of Saudi Arabia, the UAE, Kuwait, Qatar, Oman, and Bahrain – continue to be reliant on natural resources as a primary source of fiscal revenue. Their citizen populations expect a range of social services and patronage from the state and its ruling families. Pressures of population growth and expectations of intergenerational equity have put economic policy at the centre of state capacity.

 

There is new momentum to resolve, or at least begin to shift public policy to address inefficiencies like subsidies, spur private sector and non-oil growth, and create alternate sources of government revenue. The momentum accelerated with a sharp decline in global oil prices in late 2014.

 

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.

International Trade, Investment, and Finance in the Trump Administration

International Trade, Investment, and Finance in the Trump Administration

On January 20, Donald J. Trump was sworn in as president of the United States. AGSIW senior resident scholars examine statements made by some of the president’s key Cabinet nominees during their confirmation hearings – and by the president himself – for clues to the new administration’s likely policies on the issues of most pressing interest to the Gulf Arab states.

Easing Labor Market Restrictions in the Gulf

Easing Labor Market Restrictions in the Gulf

Labor markets in the Gulf Cooperation Council states are notoriously rigid: in their protection of nationals in public sector employment, in the preferential treatment of nationals in ownership structures of private firms, and in the tight regulation of foreign workers’ mobility.

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