Tag "GCC"
Oman on the path towards economic diversification
Oman and the Gulf are at a crossroads due to falling oil prices, leading to unprecedented economic development and diversification. The IMF predicts that oil export losses in 2015 are
Senegal sukuk bond signals wider African interest in Islamic finance
Senegal plans to issue an Islamic law compliant bond in 2014, building on momentum in sukuk issuance globally. Senegal’s government looks set to issue a type of Islamic bond, known
Final agreement with Iran would boost trade but hurt China
With the introduction of a comprehensive agreement and the thawing of U.S-Iranian relations, a new era of regional dynamics will be ushered in. Some of these dynamics could adversely impact
Saudi foreign policy seems headed in the right direction
Despite a tumultuous year, the new changes in Saudi foreign policy are affecting the region for the better. For almost a year now, observers of Saudi Arabia have felt like
India balances energy relationship with the Middle East
As India’s demand for energy and investment continues to increase, the Republic must strike a careful balance in its relationships with its many Middle Eastern trading partners. With over 1.2
Iran’s return prompts change to Saudi Arabia’s energy strategy
The Iranian nuclear deal poses a major threat to Saudi Arabia’s influence over both the GCC and OPEC, as Gulf nations reestablish relations with Iran. As a result, Saudi has
Relations between Iran and UAE begin to improve
The interim deal with Iran could prove an economic boon to the UAE. Close trade relations plus the growing congruence of diplomatic opinion between the U.S., the UAE’s most important
Sustainability fears drive water pipeline in the Gulf
Representatives from the Gulf Cooperation Council (GCC) states met recently in Kuwait to discuss the construction of a new pipeline in the region. At a projected cost of $10.5 billion for
Will a Moderate Iran Ease Regional Tensions?
A recent Global Risk Insights post discussed an apparent softening of rhetoric on the part of Iran’s president, Hassan Rouhani, and foreign minister, Javad Zarif. Whether or not that apparent
