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Economy

Gulf Sovereign Wealth Fund Investment in the Energy Transition

Regional sovereign wealth funds are increasingly focusing on sustainability, mobilizing resources for investments in alternative energy projects and demonstrating an alignment with their respective government’s strategy for the energy transition.

Windmill turbines stand in Masdar's wind farm on Sir Bani Yas Island, in Abu Dhabi, United Arab Emirates, September 28, 2023. (REUTERS/Amr Alfiky)

U.N.-Brokered Economic Deal in Yemen Eases Pressure on the Houthis

A U.N. agreement lifting Central Bank of Yemen economic restrictions may inadvertently embolden the Houthis and bolster their capacity to project military power.

A stack of Yemeni rials rests on the counter at the Central Bank of Yemen's U.N.-recognized government in Aden, Yemen, Dec. 13, 2018. (AP Photo/Jon Gambrell)

Visit Saudi: The Impact of Tourism on the Saudi Economy

The boom in tourism is boosting external revenue, employment, and growth, but it is also contributing to higher imports and remittance outflows that have negatively affected the current account balance.

Pilgrims and vacationers visit the Jeddah Corniche, Saudi Arabia, June 26. (AP Photo/Amr Nabil)

Development of the Knowledge-Based Economy in Iran

Rather than addressing deficiencies in social services, Iran is intensely focused on the military and security fields in developing its knowledge-based sector.

Members of the Iranian army work on a drone during a military exercise in an undisclosed location in Iran, in this handout image obtained on October 4, 2023. (Iranian Army/West Asia News Agency/Handout via REUTERS)

The Evolution of Bahrain’s Post-Pandemic Economic Philosophy

Bahrain’s post-coronavirus economic strategy positions the government as a venture capitalist, providing capital for strategic investments, but at the same time offering regulatory support for the private sector.

Bahraini Crown Prince and Prime Minister Salman bin Hamad al-Khalifa looks on as he meets with U.S. Secretary of State Antony Blinken in Manama, Bahrain, March 16. (Evelyn Hockstein/Pool Photo via AP)

Will Gulf Camping Survive the Tourism Boom?

Even as they make heavy investment in tourism projects, including in remote areas, Gulf governments will need to ensure they do not lose sight of a camping tradition that celebrates a shared heritage tied to the region's wild places.

Wild camping near Al-Hofuf in Saudi Arabia. (Credit: Bridget Peak)

A Flurry of Activity in Bahrain-China Relations

Recent developments in Bahrain-China ties reflect less alignment and more coincidence of interests.

Chinese President Xi Jinping, right, and Bahraini King Hamad bin Isa al-Khalifa shake hands following a signing ceremony at the Great Hall of the People in Beijing, Friday, May 31. (Tingshu Wang/Pool Photo via AP)

India and Iran Move Forward on Long-Delayed Chabahar Port Project

Developments with the Chabahar port could turn the trade corridor into a global hub by 2030, if the project can overcome financial hurdles, risks from sanctions, and security threats.

Late Iranian Foreign Minister Hossein Amir-Abdollahian meets with Indian Foreign Minister S. Jaishankar, in Tehran, Iran, January 15. (Majid Asgaripour/WANA via REUTERS)