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.

The Korean Connection

The Korean Connection

There is an important, and unexpected, interlocutor in Saudi-Iranian relations right now.

Saudi’s Summer of Anticipation

Saudi’s Summer of Anticipation

This post is part of an AGSIW series on Saudi Vision 2030, a sweeping set of programs and reforms adopted by the Saudi government to be implemented by 2030.

Business Politics

Business Politics

Despite calls for change, there are many aspects of state-business relations that remain the same.

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