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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Hedge fund sharks and currency speculators are circling the Gulf states right now, in search of market opportunities in the wake of the deteriorating fiscal balances of oil rich governments.
Christine Lagarde, managing director of the International Monetary Fund, paid a visit to the United Arab Emirates this week.
The prolonged slump in oil prices continues to disrupt the economic development model of the Arab Gulf states.
Austerity, subsidy cuts, and diversification are buzz words in the Gulf states right now.
Perhaps a legacy of the Obama administration will be a Middle East that is more engaged with bilateral ties that go East and not just West.
The GCC’s commercial banking sector reflects a particular pattern of economic development reliant on state investment and ownership.
The decision to break diplomatic ties with Iran will have some important economic consequences for Saudi Arabia.
Flaming tensions between Iran and Saudi Arabia this week did little to spike oil prices.
This is a week of small victories for women in the Gulf.
A coherent and shared GCC tax regime is not a potential economic fiscal reform.
The Gulf economic model has historically envisioned the state as an engine of growth.
Oil prices fell again the week of November 9 to a more than a six and a half year low.