Since 2011, the Syrian economy has suffered from a devastating internal war and strict sanctions imposed by the European Union and the United States, including on Syrian oil.In 2019, the US…
The land between the Euphrates and Tigris yields oil, water, and wheat, to name but three, yet it has had no infrastructure investment for decades. As a result, it is unproductive. That could change.
Saudi Arabia and the United Arab Emirates defended on Monday a decision by OPEC and its allies to cut oil production, even as an American envoy warned of “economic uncertainty” ahead for the world.
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For a long period of time, Saudi Arabia’s wealth has come mainly from oil production in the eastern part of the Kingdom. With proven reserves of oil estimated at 267 billion barrels, Saudi Arabia can…
Any disruption in the Hormuz has cascading knock-on effects that extend far beyond energy markets, impacting international trade. Al Majalla explores all this and more.
The current conflict is unlikely to go global for now, but the speed at which it has spread regionally is alarming. A look at history shows the geopolitical factors that led to world wars.