Closing the Strait of Hormuz has shown how the Gulf should shift from an oil-export model to a digital and distribution hub. Will this trigger the long-delayed free trade agreement with China?
[escenic_image id="5515425"]A decade separates the collapse of the World Trade Organisation’s meeting in Seattle in 1999 and December’s messy climate change summit in Copenhagen. But the parallels…
[escenic_image id="5515420"]2009 was a crisis year for international trade, which suffered its steepest decline since the 1930s. Protectionism returned, reversing an almost three-decade trend of…
[escenic_image id="5514916"]Anniversaries are a time for reflection, and twentieth anniversaries all the more so. In Europe, 2009 saw much reflection on the fall of the Berlin wall in 1989. This…
[escenic_image id="5514421"]To understand global energy markets is to understand the global economy, and Fareed Mohamedi knows them as well as anyone. As the head of oil market analysis and country…
[escenic_image id="5514426"]EU Arab relations are again in the limelight, as is the case each time a Southern European country takes on the rotating the presidency of the European Union (EU). This…
[escenic_image id="5513846"]When Dubai World requested a standstill on $60 billion worth of outstanding debt, stock markets were jolted and an entire wave of nervous speculation unfurled overnight…
[escenic_image id="5513443"]Tarik Yousef is one of the leading young economic minds in the Middle East. Dean of the Dubai School of Government, he is also affiliated with Georgetown University,…
[escenic_image id="5513438"]The UAE’s banking sector is composed of 24 national banks with 657 subsidiaries, and 28 foreign banks with 82 subsidiaries. According to the reports of UAE Central Bank,…
[escenic_image id="5512632"]In the summer of 2008, the US dollar had experienced a serious depreciation against other global currencies. It took two dollars to buy a British pound and $1.60 to buy a…
[escenic_image id="5511453"]The European Union’s (EU) share of gas in its consumption of primary energy has risen from 18% in 1990, to 24% in its latest count. Gas plays a crucial role in its…
Disruption in the Hormuz can have major implications for global trade, but it also creates opportunities for smaller nations like Iran to become global political players
The Iraq war was viewed as disastrous in retrospect, while the Iran war was unpopular from the get-go. Al Majalla highlights the similarities and differences between the two.
Pipelines have a chequered history in the Middle East, but the closure of the Strait of Hormuz has led US Tom Barrack to conclude that a new route through Syria could solve some problems.