Secretary General of the Gulf Cooperation Council (GCC) Abdullatif bin Rashid Al- Zayani read this joint statement to conclude the 33rd GCC Summit in Bahrain on December 25, 2012.
See more in GCC, International Organizations
For several years, high oil prices enabled the Gulf Cooperation Council countries to add large sums to their state coffers. Falling oil prices imply that some Gulf countries may need to draw on their depleted funds to cover their import bills. In this Center for Geoeconomic Studies Working Paper, Brad W. Setser and Rachel Ziemba examine the impact of the fall in global equities on the Gulf’s large funds and explore how various oil price scenarios could shape those funds’ future growth.
See more in GCC, Gulf States, Economics
The Gulf and the financial crisis.
See more in Middle East, GCC, International Finance, Energy
With oil at $100, what do we know about how the big oil exporters are managing their petrodollars? In this paper for RGE Monitor, Brad Setser and Rachel Ziemba examine the different GCC funds and estimate that total Gulf investment abroad exceeded $2 trillion in 2007. One surprising conclusion that emerges from their analysis is that the Gulf as a whole has not diversified away from the dollar.
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What effect would the fall of the Assad regime have on U.S. policy towards Syria?
Reforming U.S. Drone Strike Policies
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.
The Battle of Bretton Woods
The remarkable story of how the blueprint for the postwar economic order was drawn. More
Invisible Armies
A complete global history of guerrilla uprisings through the ages. More
Tested by Zion
The full insider account of the Bush administration and the Israeli-Palestinian conflict. More
