INTERNATIONAL. Something extraordinary, albeit not unexpected, is happening in the Persian Gulf region. The United States, lacking a coherent strategy to deal with Iran and too distracted to develop one, is struggling to navigate Iraq’s fractious political landscape in search of a deal that would allow Washington to keep a meaningful military presence in the country beyond the end-of-2011 deadline stipulated by the current Status of Forces Agreement.
At the same time, Saudi Arabia, dubious of U.S. capabilities and intentions toward Iran, appears to be inching reluctantly toward an accommod
MOROCCO. To sustainably advance human development and political stability, Arab Spring countries should decentralize to sub-national levels the resources necessary to catalyze and implement community development.
INTERNATIONAL. Turkey's behavior can be perplexing and frustrating to Western leaders, but the country's combination of reticence in action and audacity in rhetoric can be traced back to many of the same issues that confronted Istanbul in 1919.
QATAR. Rapid growth in the non-hydrocarbon sector (11.3%) was spurred by large investments in major infrastructure projects and by the fast growing population; The hydrocarbon sector declined 2.2% as a result of lower crude oil production and temporary gas production shutdowns.
UAE. The exceptional strength of Abu Dhabi's net asset positions also provides a buffer to counter the negative impact of oil price volatility on economic growth and government revenues, as well as on the external account; The outlook is stable.
UAE. "The proposed Amanat IPO is strong evidence of continuing interest in regional and international interest in IPOs in the UAE and the GCC more widely, despite the recent softening in equity markets globally."