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

shutterstock_1420700369 Courtesy: Shutterstock
24 October 2019

Global protests: leaderless, youthful, persistent

There has been a wave of civil protests across the globe since early 2019 which have taken governments by surprise by their sheer intensity and resilience. The common impelling factor has been discontent with government. Other factors for the current wave, beginning with the Arab Uprising in 2011, have been corruption and regressive constitutional changes. This infographic charts the arc of the outcry

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

IMG-20191024-WA0003 Courtesy: Asad Lalljee
24 October 2019

A Lebanese Spring

Lebanon has been the scene of some of the biggest mass protests through the month of October. They arose in response to cumulative economic crises due to low economic growth and the government’s controversial austerity measures. But can they also be seen as an awakening of Lebanese society to the need for a more equitable political and social discourse?

IMG_51561_small Courtesy: Princess Nora bint Abdul Rahman University
3 October 2019

Post-Abqaiq Saudi Arabia

The immediate panic in the aftermath of the missile attack on Saudi Aramco’s facility at Abqaiq underlines the still-critical role of the Kingdom to the world economy. The subsequent recovery of oil production – with no disruption – showed that Saudi Arabia is a reliable partner/guarantor of energy supplies. Our Energy and Environment fellow Amit Bhandari was in Riyadh recently for a conference, and describes a post-Abqaiq Saudi Arabia

shutterstock_1330442825 Courtesy: Shutterstock
15 August 2019

Sequencing Governance and Economic Growth

The Narendra Modi government came to power in India in 2014, promising "minimum government, maximum governance". Its roll-out of numerous government schemes meant that democracy and governance came before economic growth. But it returned Modi to power.Analysing the current debate on growth and governance the author explores how the sequencing of governance and economic outcomes is different in China, Turkey and India

23072016-BlueMosque3 Courtesy: LBB
14 August 2019

The Persian merchants of Bombay

Bombay’s trade with the Persian Empire grew rapidly in the 19th century because of regular steamship services between the city and prominent Iranian ports such as Bushire. The wealthy and public-spirited Persian merchants, who settled in Bombay, endowed their community with a religious and social infrastructure, in use even today

46118329451_16cf134eac_o Courtesy: MEA/Flickr
27 June 2019

Gateway House on the G20

The 2019 G20 Summit in Osaka on June 28-29, is the 14th meeting of the Group of 20 leaders. The G20 is the world’s most influential economic multilateral forum. It is the agenda-setting forum that develops and guides rules of global economic governance. Under the Japanese Presidency, this summit will be the first to discuss and establish the rules for the worldwide governance of data, including current hot-button issues like data localisation and data sovereignty. India has both a preparatory and a contributory role to play in the G20 this year. For in 2022, it will be the President of the G20. India must identify its agenda early on; its a weighty responsibility but also an opportunity to set the global economic agenda.