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All tagged Saudi Arabia
Greater Gulf cooperation on hydrocarbons, as a part of balanced strategies incorporating climate protection, could manage some of these threats and promote longer-term cooperation solutions to problems facing the region’s critical economic sector.
The legacies of the Middle East’s major oil and gas pipelines offer important lessons for regional leaders hoping to integrate energy markets and infrastructure.
In March, China managed to a broker a détente between Iran and Saudi Arabia, achieving a diplomatic breakthrough that had eluded European governments. But Europe and China have shared interests in the region and there is scope for the two powers to work together to foster further multilateral diplomacy.
SIPRI has corrected its data on Iran’s military spending, applying a more relevant exchange rate for dollar conversions. Instead of ranking as the 14th largest military spender in the world in 2021, Iran was actually ranked 39th.
The shared oil and gas fields in the Persian Gulf and Gulf of Oman are largely untapped areas for bilateral and multilateral cooperation.
◢ A resounding election victory has renewed Rouhani's popular mandate, but following President Trump's speech in Riyadh, the prospects for improved US-Iran ties remain remote.
◢ But by taking the high road, Iran can still make progress in its international relations, especially if it aims to forge deeper ties with Europe.
◢ Most experts focus on growing antagonism between Iran and its Arab neighbors as a risk to regional prosperity.
◢ However, Iran’s large consumer-driven economy and some early success stories suggest that many GCC companies are actually very well positioned to transfer their knowhow to the Iranian marketplace.
