Gulf economies should use the available fiscal space to ensure a soft landing
After achieving respectable growth in 2021, the GCC member states now face the risk of monetary (over) tightening due to the need to follow the U.S Federal Reserve’s interest rate adjustments. These increases are not warranted, however, as the GCC economies currently face relatively moderate inflation. Instead, they should use the available fiscal space to mitigate the negative fallout of monetary tightening and make greater use of PPPs for future infrastructure development.
Yemen cease-fire extension: The glass is still half-empty
Although the latest two-month extension of the Yemeni cease-fire was welcomed by all, the conflict will not end until meaningful pressure is applied on the Houthis to deny them a military victory and force them to accept a political resolution to the war they launched in 2014.
One sided and incomplete, Yemen’s truce faces implementation hurdles as extension deadline nears
The U.N.-sponsored truce of April 2022 is the longest pause in fighting Yemen has experienced since the Houthi armed rebellion broke out in September 2014 and the Saudi-led coalition forces intervened six months later. But although there is strong external interest in both extending and expanding the truce given the scale of turmoil in the global arena, credible progress remains lacking, while serious obstacles persist.
Pensions, sovereign wealth funds, and industrial policy in the Gulf: A look at fund consolidation
The last few years have seen a lot of consolidation in Gulf financial sectors. Not only do these mergers create economic benefits, the merged entities also become potent tools for economic development. The mega-funds and other major financial institutions are part of a trend where Gulf political elites sidestep ossified bureaucracies and instead centralize power in private entities over which they have even more control.
The CMF-153: Rebuilding US-GCC confidence through maritime security
Efforts to restore confidence between the U.S. and the Arab Gulf states took a first step with the recent formation of a new naval task force, known as the Combined Maritime Forces-153 (CMF-153), to improve maritime security in the Red Sea, Bab el-Mandeb, and the Gulf of Aden, including the hotspot of Yemen. Established in mid-April, the new task force intends to target weapons smuggling for Ansar Allah, as the Houthi militias are officially known, as well as human trafficking and the drug trade.
The Yemen government reorganizes, but will it open the door to end the conflict?
At the conclusion of a week of Yemeni-Yemeni internal deliberations hosted by the Gulf Cooperation Council (GCC) in Riyadh, the government of Abdo Rabo Mansour Hadi announced sweeping changes meant to clear away obstacles to cooperation among the anti-Houthi forces in the country and, perhaps, open the door to negotiations to end the civil war now in its eighth year.
تعكس المنشورات السياسية التي تحتفظ بها مكتبة عمان لحظة مفصلية في التاريخ اليمني، في الوقت الذي خضعت فيه اليمن لإصلاح اجتماعي وسياسي كبير ناتج عن الوحدة اليمنية في مايو ١٩٩٠، والتي وحدت شمال اليمن وجنوبه.
Political Ephemera Serves as Unique Window Into 1990s Yemen
The collection of political documents held by the Oman Library reflects a watershed moment in Yemeni history, at a time when Yemen underwent substantial social and political reform as a result of Yemeni unification in May 1990, which merged North and South Yemen.
US-Gulf Relations at the Crossroads: Time for a Recalibration
The global response to Russia’s invasion of Ukraine has focused new attention on friction between the United States and its traditional partners in the Gulf and reinforced skepticism regarding the United States’ status as the dominant international partner in the region. It’s time for both sides to identify a realistic way forward that sheds outdated notions of mutual obligation without becoming merely transactional.
Yemen: Ending the War, Building a Sustainable Peace
Seven years on from the launch of the Saudi-led coalition’s military campaign on March 26, 2015, the civil war in Yemen remains stalemated. The fundamental realities of the conflict have not changed substantially in over five years. Meanwhile, the conditions under which the majority of innocent Yemenis are living continue to deteriorate. It’s time to consider measures that can promote an end to the conflict and lay the groundwork for post-conflict reconstruction.
Balancing the books: A deep dive into fiscal policy and diversification in Oman
This policy brief provides a deep dive into the far-reaching and interrelated policies imposed by the government to reduce the country’s deficits, debts, and reliance on hydrocarbons.
The civil war in Yemen is well into its eighth year with no end in sight. It is imperative that the United Nations, with the United States and other key powers in support, do more to end the suffering and begin the long process of rebuilding and reconstructing Yemen. But that work cannot begin until there is a common understanding of what the obstacles are to achieving a peaceful resolution. In particular, what tools can and should the United States use to pressure the Houthis and overcome their resistance to negotiations?
