Economy

Why the Kingdom is Keeping Prices Low

The kingdom faces a severe budget shortfall because of the plummeting price of petroleum.

Back in the DC real estate doldrums of the mid-1990s, before he helped pave the way for war in Iraq, Stephen Rademaker owned a modest condo in Arlington, Va.

"Turkey has little to gain and much to lose by abusing its position as a transit country for gas into Europe."

A 45pc decline in the price of crude oil could bring an end to the tax-free expatriate easy life enjoyed by thousands of British expatriates in Dubai and the Gulf states

With over a billion people and the second largest continental landmass in the world, Africa is complicated and defies generalization.

The steep drop in the price of oil during the latter half of 2014 has generated much comment about how this development has weakened major oil-producing countries

The competition for authority within and between states is as intense as ever in history.

The studies showed a new Israeli policy that aims to penetrate the Arab energy sector. If Israel succeeds in so doing, then it will gradually influence the electricity supply and prices.

The regime of President Abdel Fattah al-Sisi is trying to unravel the economic crisis that has gripped Egypt since the overthrow of former President Mohammed Morsi in June 2013. Complicating matters, aid from the Gulf states has become less reliable than many had hoped.