Mohammed Bin Salman
The future of OPEC
OPEC's influence in the global oil market has greatly diminished in recent years, mainly due to the shale revolution in the United States, but also because of diverging interests among its members. It has pledged to cut production, but doing so may prove difficult. There are still some scenarios where OPEC could rise to prominence, but the most likely scenario is for it to be further marginalized.
Essay: Royal families and monarchies in the 21st century
Far from being relics of the past, modern monarchies continue to provide valuable services to 21st century societies. Royal families, for all the occasional foibles of their members, have retained popular affection in part because they help uphold constitutional principles and provide a sense of nationhood and cohesion in times of need.
Saudi Arabia’s economic reform
Saudi Arabia has come up with a new strategy to diversify its oil-dependent economy. It would be easy to dismiss the McKinsey-endorsed plan as another paper scheme that will soon be forgotten. But with climate change and demography working against them, this time the Saudis may be serious.
Saudi Arabia-Russia partnership takes shape
Saudi Arabia is losing trust in its old ally, the United States, whose posture in the Middle East has markedly changed. This provides an opening for partnership with Russia. Although the two countries stand on opposite sides of several important issues – especially the conflict in Syria and how to manage low oil prices – there are signs that cooperation is increasing.
Global Trends: back to the future in the Middle East
Middle Eastern disputes have again become flash points for global rivalries – a trend that will accelerate and intensify this year. Shia-Sunni tensions remain central, but they are no longer the sole driver of regional conflict. An evolving face-off between Russia and Europe over the eastern Mediterranean, along with competition for dominance of the great trade and...
Regional powers play with fire in Yemen
Islamic militants versus Islamic militants? The inventiveness of extremists when it comes to the wars they are waging in the Middle East and Africa seems inexhaustible. We may have thought that Islamic State was the last threshold of barbarism and the breakdown of traditional state structures. Now, however, even as the group metastasises in Libya, the Sinai Peninsu...