This paper is part of an MEI scholar series, titled “Obama’s Legacy in the Middle East: Passing the Baton in 2017.” Click here to view the full project, or navigate using the table of contents to the right.
Thanks to unprecedented current account surpluses, the Gulf Cooperation Council (GCC) countries are investing billions abroad and looking more toward the East. The GCC’s growing trade ties with China have been accompanied by encouraging development in investment relations. For these countries, investment projects in China promise access not only to large and rapidly growing energy markets, but also to other booming sectors.
This essay explores recent GCC investment in sectors of the Chinese economy other than the petrochemicals industry and examines the challenges confronted by Gulf investors.
The rise of China and India, coupled with major changes in the global energy market such as the US shale revolution have shifted the Gulf countries’ economic focus towards the Asian continent. East Asia has already emerged as the GCC’s most important trade partner, accounting for over 57% of its external trade.
One way to grasp the immense difficulty facing President Obama as he tries to forge an effective international coalition to oppose the Islamic State is to examine the difference between this effort and the last time the United States led a diverse group of countries to take on a conflict in the Middle East: Operation Desert Storm, in 1991.
This article first appeared in The National Interest.
After a year of hesitation, Iranian president Hassan Rouhani is signaling his readiness to reach out to Tehran’s chief regional rival—Saudi Arabia. Last week, a top official was sent to Riyadh; he was the most senior Iranian visitor to the country since Rouhani’s election in June 2013.
Over the past four decades, economic relations between the Republic of Korea (hereafter Korea) and the Gulf Cooperation Council (GCC) countries have been focused on two sectors. Given the lack of energy resources in Korea, the GCC countries have provided oil and gas for Korean manufacturing, electricity, transport, and related activities. These countries have also provided Korea with business opportunities in the construction sector, including the building of expressways, seaports, and industrial plants.
This week’s visit to Tehran by the Kuwaiti emir, Sheik Sabah al-Ahmad al-Sabah, is about more than Iranian-Kuwaiti relations. It might even be a pivotal moment in the shaping of Iran’s ties with the Arab countries across the Gulf. Kuwait, which currently holds the rotating presidency of the Gulf Cooperation Council (GCC), is acting as a conduit for the collective unease that the GCC’s six member states, particularly Saudi Arabia, have about Iran’s regional policies.
Geography alone should make the Arab world Iran’s key foreign policy focus. Of Iran’s 13 immediate neighbors, seven are Arab countries.[1] But Tehran’s approach to the Arab world, with its 22 states extending from North Africa to the Arabian Peninsula, varies widely in intensity, and Iran’s objectives are equally varied depending on the country in question.
In terms of its capacity, potential and aspirations, Korea attained the status of a “middle power” more than a decade ago. Membership in the OECD’s Development Assistance Committee and G20 signifies the completion of Korea’s transition from an evolving to advanced economy. Korea has emerged as an important player in Asian and international affairs. Its presence and influence have expanded in trade, investment, overseas development assistance (ODA) and humanitarian aid, and culture.
The Middle East Dialogue is a regional Track II forum that meets twice a year and brings together current and former officials and senior experts from the Middle East, the United States, Russia, China, and the EU to discuss emerging political & security trends in the region. What follows is a report from the latest meeting of the Dialogue in Erbil, Iraq, on March 30-31, 2014, led by MEI’s Director of Track II Dialogues Randa Slim and VP for Policy and Research Paul Salem.
Read the full article at LobeLog.
It might be a mistake to jump to conclusions about the removal of Prince Bandar bin Sultan from his post as chief of Saudi Arabian intelligence. When it comes to senior jobs held by the royals, the Kingdom’s decision-making process is entirely opaque and there is no way to know at this point whether the flamboyant former ambassador to the United States was pushed out or bailed out.
The political crisis in Ukraine and subsequent annexation of Crimea by Russia have sent reverberations throughout the Middle East, where Western and Russian influences continue to weave a complex geopolitical web. MEI interviewed four of its scholars to produce this detailed account of the challenges the conflict poses to the region’s political, security, and economic conditions.