After the triumphant forward march of globalization in the years leading up to the financial crisis of 2008-2009, increasingly discordant tones have come to challenge the idea of shared prosperity built on economic integration. The relationship between the world’s two largest economies the US and China has grown more fraught in recent years, and there are indications of
The US-Saudi commercial relationship is of long-standing and considerable strategic importance for both sides. In the postwar decades, Saudi Arabia played a critical role as a leading oil supplier in the non-Communist world, something that became critical for the US as American energy independence began to slip in the 1970s. The Saudi-US economic relationship has been
The future is inevitably shrouded in uncertainty, but there are many areas where technological and other developments are profoundly reshaping our way of doing business. The insurance sector now looks a likely candidate for particularly transformative changes in the years ahead, not least because of a noticeable increase in the scale and diversity of risks. The COVID-19
After the painful dislocations of the COVID-19 pandemic, which was preceded by a period of low oil prices and fiscal consolidation, the Gulf economies appear to be firing on all cylinders. Saudi Arabia’s annual real growth rate reached an estimated 9.9 percent in the first quarter. Compared to the last quarter of 2021, the seasonally adjusted real gross domestic product
Few would today doubt the irreversibility of the global energy transition even as the Russia-Ukraine conflict has distracted attention from it. In reality, this process has been underway for decades thanks to increased energy efficiency without which, global oil consumption today would be twice its actual level, according to International Monetary Fund estimates. The political