Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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August 1, 2005
Capital Flows
The real issue, of course, is who comes after Abdullah.
King Fahd has not been running the world's largest family owned petrol station for some time now. And right now, the Saudi royal family does more than run the central bank of oil. Saudi oil is onc…
May 2, 2006
Financial Markets
And the money keeps rolling in …
To Russia. In 1998, Russia was very short on cash. It went to the IMF and got a $15 billion credit line. When it didn’t hold up its end of the bargain – taking steps to collect a bit of revenue – t…
December 11, 2006
Financial Markets
The GCC’s dollar peg …
China will have a current account surplus of over $200b this year. China has about 1.3 billion people. The GCC countries (Saudi Arabia and the small states on the Gulf) will also have a current ac…
December 23, 2007
Capital Flows
A Saudi investment authority?
The FT broke a major story -- at least in my world -- late on Friday. The Saudis are about to set up a sovereign wealth fund: Saudi Arabia plans to establish a sovereign wealth fund that is expecte…
