Gulf States

Backgrounder

Oil's Trouble Spots

Author: Toni Johnson

With oil supplies tight, regions most vulnerable to oil supply disruptions present a significant economic concern, particularly threats to the Strait of Hormuz and unrest in Nigeria, explains this Backgrounder.

See more in Ukraine, Gulf States, Iran, Energy Security

Other Report

GCC Sovereign Funds: Reversal of Fortune

Authors: Brad W. Setser and Rachel Ziemba

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.

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Article

Understanding the New Financial Superpower - The Management of GCC Official Foreign Assets

Authors: Brad W. Setser and Rachel Ziemba
RGE Monitor

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.

See more in GCC, Gulf States, Economics

Must Read

CRS: Iraq: Regional Perspectives and U.S. Policy

Authors: Christopher M. Blanchard, Kenneth Katzman, Carol Migdalovitz, Alfred B. Prados, and Jeremy M. Sharp

Congressional Research Service report that provides information about the current perspectives and policies of Iraq’s neighbors; analyzes potential regional responses to continued insurgency, wider sectarian or ethnic violence, and long-term stabilization; discusses shared concerns and U.S. long-term regional interests; and reviews U.S. policy options for responding to various contingencies.

See more in Turkey, Egypt, Gulf States, Iran, Iraq, Israel, Jordan, Saudi Arabia, Syria, Terrorism, U.S. Strategy and Politics, Congress and Foreign Policy