Kuwait

On June 8, AGSI will convene its Petro Diplomacy conference for the 12th consecutive year.

On April 30, AGSI hosted a special reception honoring the diplomats and staff recently evacuated from the U.S. Embassy in Kuwait.

The Iran conflict has arrived at the worst possible moment for Gulf sustainable finance, a sector already navigating fiscal strain, a global ESG backlash, and the unresolved tension between hydrocarbon revenue and transition capital.

March readings of the purchasing managers’ index showed a substantial deterioration in business conditions in Saudi Arabia and the rest of the Gulf.

For the Gulf Arab countries, the future is more important than the present, but it is unclear if Iran, the United States, and Israel have the same vision.

The true economic and societal impact of the conflict may not be driven by headline events alone but by the gradual erosion of the systems that underpin daily life.

The Gulf is being significantly affected by the conflict with Iran, but the size of the economic hit varies among countries.

Caught between Iranian strikes and U.S.-Israeli pressure to join the fight, Gulf Arab states strive to maintain their autonomy over decision making, playing defense and preserving the space to maneuver when the war ends.