Lower Oil Prices Challenge Saudi Fiscal Policy
The sharp decline in oil prices raises difficult questions for OPEC+ and, if sustained, will have important implications for Saudi Arabia’s fiscal policy.
On September 29, Kuwait announced the passing of Emir Sabah al-Ahmed al-Sabah. Serving as foreign minister, prime minister, and, finally, emir, Sabah al-Ahmed played a defining role as a humanitarian and mediator, but he will be remembered most by his people as the father of modern Kuwait.
The sharp decline in oil prices raises difficult questions for OPEC+ and, if sustained, will have important implications for Saudi Arabia’s fiscal policy.
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Through its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.
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