The reshuffling of top officials in Saudi Arabia’s flagship state-owned firms and key ministries underscores the growing authority of the Public Investment Fund.
The departure of John Bolton, U.S. President Donald Trump's third national security adviser in as many years, was both inevitable and extremely instructive.
FT: Robert Mogielnicki commented on the impact of restrictions on expatriate labor on private sector firms operating in Kuwait.
L’Orient Le Jour: Diwan discussed societal transformation in Gulf Arab countries.
L’Orient Le Jour: Ibish discussed the impact of the Saudi government’s reshuffling on Crown Prince Mohammed bin Salman’s authority.
Meghdad Madadi/Tasnim News Agency/via AP
AGSIW Archive
The September 14 attacks on Saudi Aramco's facilities marked an escalation in tensions in the Gulf region. In June, the United States came perilously close to a direct armed conflict after Iran shot down a U.S. drone near the Strait of Hormuz. Hussein Ibish discussed then how Gulf Arab countries could provide an off-ramp from confrontation.
In its 2019 Article IV Consultation report, the International Monetary Fund recommended Saudi Arabia raise its value-added tax rate from 5% to 10%. For more context, read Robert Mogielnicki’s paper on VAT implementation in Saudi Arabia and other Gulf states.
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