Saudi Arabia Restores Allowances and Bonus Payments: A Blunder
On the top of a set of Saudi royal decrees concerning changes of public positions and calling some former officials for impeachment, a royal decree has rolled back all canceled,…
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Oman’s Economy in 2017: Characteristics and Challenges
Among countries of the Gulf, Oman has one the lowest rates in producing and exporting oil and natural gas. In spite of this, the World Bank database reveals that oil represents…
Qatar’s Economy in 2017: The Pitfalls of a Rentier Economy and other Challenges
Economic reports published on Qatar’s performance are insufficient to assess the health of Qatar’s economy. Indeed, measuring oil revenues, their declining rates, and the impact…
Iraq’s Economy and the Difficult Reform
A soon to be released IMF report on the economic situation in Iraq, poses three complex and problematic issues. Including the continuation of the civil war, “Daesh" (ISIS/ISIL)…
How can the UAE be the biggest economic partner to Iran in the Gulf?
In 2011, the bilateral trade between the two countries reached its highest level by $ 23 billion
It is expected that the volume of trade will rise between 15% and 20% in the first…
Exploring the Effects of Budget Deficit in GCC Countries
There were announced strategies before for the diversification of the Gulf economies in order to reduce its dependence on oil revenues due to the volatility of the international…