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Economy

Increased Spending Raises Risks to the Saudi Budget

The Saudi government is ramping up spending as it seeks to support economic development and diversification, pushing the fiscal balance into deficit despite high oil prices.

Saudi Finance Minister Mohammed Al-Jadaan speaks during the Saudi 2022 Budget Forum in Riyadh, December 13, 2021. (REUTERS/Ahmed Yosri)

Budding Kurdish-UAE Relations

The relationship between the Kurdistan region of Iraq and the United Arab Emirates is shaped by political, economic, and security factors, but intra-Kurdish divisions threaten to undermine this strategic partnership.

Mohammed bin Zayed al-Nahyan, president of the United Arab Emirates, meets with Masrour Barzani, prime minister of the Kurdistan Regional Government, during the World Government Summit 2023, in Dubai, United Arab Emirates, February 13. (Hamad Al Kaabi /UAE Presidential Court/Handout via REUTERS)

Trilateral Agreement Necessary to Resolve Turkey-Iraq Oil Dispute

The resumption of Kurdish oil exports hinges on achieving consensus between Baghdad and Ankara, but a lasting solution can only be cemented through a trilateral agreement that includes Erbil.

Economic Outlook and Future Policy Challenges in Saudi Arabia 

On September 21, AGSIW hosted a discussion on Saudi Arabia's economic future.

A child plays near a fountain, in Riyadh, Saudi Arabia, August 4. (REUTERS/Ahmed Yosri)

Strong China-Gulf Energy Ties Spill Into Key Regional Issues

Energy cooperation is a central factor in not only China-Gulf economic relations but also the triangular – and often fraught – relationship among the United States, Gulf states, and China.

GCC Grid Infrastructure and Connectivity – An Electrifying Vision

The Middle East could become the center of an electric spider’s web, but such dreams face massive challenges.

Camels graze around power grid towers in the Kuwaiti desert, February 14, 2014. (REUTERS/Stephanie McGehee)

Signs That Economic Diversification Is Working in Saudi Arabia

Saudi Arabia’s economic diversification plans are showing signs of progress, although the economy remains heavily reliant on oil.

People walk past a banner showing Saudi Crown Prince Mohammed bin Salman outside a mall in Jeddah, Saudi Arabia, Feb. 5, 2020. (AP Photo/Amr Nabil)

Grow Forth and Prosper Competitively

The combination of slowing growth trends and persistently ambitious development plans is likely to increase regional economic competition.

A Saudi official speaks during the launch of a new tourist visa regime at a dinner at historic Diriyah in Riyadh, Saudi Arabia September 27, 2019. (REUTERS/Stephen Kalin)