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Blog Post

Who Bears the Risk in Gulf Pipeline Deals?

Gulf producers have raised billions of dollars by selling stakes in pipeline revenue while retaining ownership and operational control. But what happens when the pipelines stop working?

A satellite image shows damage at a Saudi oil facility serving the East-West pipeline, in the Riyadh region, Saudi Arabia, September 16. (Planet Labs PBC/Handout via REUTERS)

Vision 2030 and the Limits of Economic Resilience

Can the strategies intended to strengthen Saudi Arabia’s economic resilience withstand a broader and more geographically dispersed security crisis?

Buildings and construction sites fill the skyline, in Riyadh, Saudi Arabia, October 14. (AP Pjoto/Baraa Anwer)

Risky Business: China’s Houthi Dilemma

China’s ties with Yemen’s Houthis could bolster Beijing’s regional ambitions, but they also risk drawing it into conflicts that complicate its broader strategic goals.

A man walks past mock drones put on display in Tahreer Square in Sanaa, Yemen, September 15. (REUTERS/Adel Al Khader)

Debating Policy in Public: Iranian Elites Turn to YouTube

Rival camps within the Islamic Republic are increasingly turning to YouTube for policy debate, but there is a limit to the regime’s tolerance for that debate.

IRGC analyst Mehdi Kharatian speaks on TamamRokh’s YouTube channel, April 29. (Credit: Tamam Rokh)

The Houthi Strategy to Break Saudi Resolve

Why have the Houthis chosen to escalate now, and what do they hope to accomplish by bringing the confrontation directly to Saudi soil?

Houthi supporters chant slogans during an armed tribal rally in Sanaa, Yemen October 7. (AP Photo/Osamah Abdulrahman)

The Domestic Considerations of Gulf Sovereign Wealth Funds

The trendline of growing domestic roles for regional sovereign wealth funds is coming into sharper focus.

The city skyline with Burj Khalifa is silhouetted during sunset in Dubai, United Arab Emirates, October 15. (AP Photo/Fatima Shbair)

The Committee of Six and Strategic Decision Making in Iran

Remarks by Iran’s president offer a rare glimpse of how the Islamic Republic has adapted its decision making to the absence of its supreme leader.

Iranian Parliamentary Speaker Mohammad-Bagher Qalibaf, left, President Masoud Pezeshkian, center, and Judiciary Chief Gholam-Hossein Mohseni Ejei sit around a table during a meeting at the presidential office in Tehran, Iran, October 4. (© Iranian Presidency via ZUMA Press)

Evaluating the PIF’s Financial Performance and New Strategic Direction

In its new strategy, the Saudi Public Investment Fund seems to focus more on investment returns and less on asset growth. How this will work in practice is less clear, including what it means for the future of existing projects, such as Neom.

An exposition of "The Line" by Neom in Riyadh, Saudi Arabia, November 15, 2022. (Eliot Blondet/ABACAPRESS.COM)