All tagged saudi arabia

Rentierism and Rivalry Between Riyadh and Tehran

◢ Though widely described as move to consolidate political power, Crown Prince Mohammad bin Salman's  decision to arrest members of the Saudi elite points to anxiety about Saudi Arabia's economic prospects and the risks of rentierism. 

◢ The rivalry between Saudi Arabia and Iran is driven by the fact that the Kingdom is increasingly economically vulnerable at a time when Iran's fortunes are set to improve.