Saudi budget revenue: oil vs. non-oil
4 October 2016
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Saudi Arabia’s economic reform
Saudi Arabia has come up with a new strategy to diversify its oil-dependent economy. It would be easy to dismiss the McKinsey-endorsed plan as another paper scheme that will soon be forgotten. But with climate change and demography working against them, this time the Saudis may be serious.
Dr. Carole Nakhle
A weekly summary, plus unique comments from Prince Michael of Liechtenstein
Loose monetary policy could be on its way out
In March, the United States Federal Reserve kept its main interest rate on hold, while the European Central Bank cut its main interest rate to zero. The moves confirmed what investors already knew: the American and European economies still have plenty of weaknesses. But despite appearances, the Fed and the ...
Professor Enrico Colombatto
China’s polar strategy
Intrepid explorers battling the cold were once the only people to reach the earth’s poles, but now the Arctic and Antarctic are hotbeds of activity, with states around the world jockeying for position. Both the North and South Poles offer the potential of vast resources, trade opportunities and scientific discovery. ...
Kazakhstan-EU energy cooperation threatens Russian interests
In December 2015, the European Union and Kazakhstan signed a new “enhanced partnership and cooperation agreement,” which, among other things, calls for greater collaboration on energy issues. Closer ties – whether in the form of natural gas supplies or green technologies – could benefit both sides. However, the success of ...
Dr. Frank Umbach
As Kurdish influence grows, statehood is still distant
War and chaos in Syria and Iraq have catapulted the Kurdish minorities in those countries into a position of unprecedented influence and even military power. Turkey is meanwhile waging a counterinsurgency campaign against the Kurdistan Workers’ Party (PKK) in the country’s southeast, while Iran’s relations with the Kurds and other ...
Professor Dr. Amatzia Baram