Capture d’écran 2020-02-04 à 16.00.17 Courtesy: Foreign Affairs
4 February 2020

The Unwanted Wars

Countries in the Middle East, such as Iran, Israel or Saudi Arabia, do not want a military confrontation. Yet, current circumstances conduce to the breaking out of just such a war

shutterstock_294753152 Courtesy: Shutterstock
9 January 2020

Conflict with Iran primes U.S. economy

Oil prices, arms exports and conflict are inter related especially when it comes to the U.S. Its arms industry grows when high prices and conflicts coincide. This has kept West Asia on a perennial geopolitical boil. This infographic charts the highs and lows of U.S. arms sales, especially in the light of conflicts centred around West Asia

shutterstock_1221395809 Courtesy: Shutterstock
19 December 2019

The mystery of Aramco’s stock price

The rise in Saudi Aramco’s stock price within two days of its IPO in November 2019, has taken the company’s market value past the $2-trillion mark. This valuation should not be taken at face value for the offering is miniscule, and closely linked to the ruler's prestige rather than stock market fundamentals

9780231179300 (1) Courtesy: Columbia University Press
24 October 2019

Energy Kingdoms: Oil and Political Survival in the Gulf

This book examines concisely and readably how the discovery of oil and natural gas transformed the six oil kingdoms of the Gulf, but profligate energy consumption at home challenged the basis of this very prosperity. It goes on to look at how these countries dealt with the economic crises that struck them

Bin_Salman__Reuters_ Courtesy:
9 November 2017

Saudi purge: Arab Spring 2.0?

The removal of 11 top ministers in the Riyadh government last week by the young crown prince Mohammad bin Salman, is a geopolitical upheaval, the implications are serious. Domestically, the kingdom is seeking to liberalise its conservative society and move away from oil-dependency – evident from the expected listing of its crown jewel Aramco. For India, which imports oil largely from West Asia, instability could cause a spike in prices, leaving less for its ambitious reforms. Globally, there is now space for new alignments – in the Great Power plays, in the Shia-Sunni rivalry, and in the war on terrorism.