Economy

Payments by Aramco are still the key driver of government revenue in Saudi Arabia despite the notable increase in non-oil revenue, particularly from the value-added tax, in recent years.

The latest regional conflict reinforced how difficult it is to severely disrupt economic momentum in the Gulf Cooperation Council while highlighting genuine threats to economic security and public safety in the region.

AGSI explains what Israel’s sudden and massive attack on Iran is likely to mean for Gulf Arab states, Iran, the United States, and global and regional economies.

The fall of the Assad regime has not only reopened Syria to regional reintegration but also exposed the fragmented ambitions of Gulf powers seeking to shape its future.

AGSI offers pragmatic, targeted policy recommendations for the Trump administration to maximize U.S. political and economic influence with the crucial emerging regional powers in the Gulf.

Trump’s visit to the UAE, centered on artificial intelligence, investment, and defense, will not only highlight the scale of Emirati aspirations but also reveal the complex interplay of state, business, and family networks now shaping the U.S.-UAE relationship.

Saudi Arabia has continued to make progress in diversifying its economy, although lower oil revenue, higher imports, and stronger remittance outflows pushed the current account into a small deficit in 2024.

On May 8, AGSIW hosted a discussion on how U.S. geoeconomic policy is reshaping ties with Gulf states.