Energy & Economics

As Iraqi elections rapidly approach despite an entrenched and violent insurgency, the country's economic challenges are extensive. The government is faced with the momentous task of transforming a war torn, state-dominated economy into a transparent, investment-friendly institution, all during the course of daily political violence. Problems Inherited from the Former

Rapidly growing Chinese oil demand was one of the key factors influencing discussions at this week's meeting of the Organization of Petroleum Exporting Countries (OPEC), convened in Vienna by ministers from OPEC member states. During the first eight months of 2004, Chinese oil imports surged by 40 percent compared with

The Organization of Petroleum Exporting Countries (OPEC) is meeting this week in Beirut, where the cartel is expected to confirm a higher production ceiling that should lead to a decrease in international oil prices. Nevertheless, the sharp price hikes seen during the past few weeks have rekindled questions about OPEC's

Over the past week, oil prices have exceeded $40 per barrel for the first time since the 1990 Iraqi invasion of Kuwait, and gasoline prices in parts of the United States are now more $2 per gallon. Contributing to this increase were heightened concerns about supply, particularly in the wake

Egyptian officials and businessmen are visiting Israel this week to discuss the creation of Egyptian-Israeli qualified industrial zones (QIZs), which would give them free trade access to US markets. They seek to emulate Jordan's QIZ, the most successful example to date of US-Arab free trade. Indeed, these zones have given

Friends of the Arabs can but mourn the transformation of the Middle East from an advanced and powerful region arguably ahead of Europe to a backward state. It is sobering to realize that as recently as the 1930s, there was no Arab development deficit. At that time, Alexandria was more

Later this month, an oil tanker will leave the Israeli Red Sea port of Eilat after taking on a cargo of Russian crude oil pumped through the Trans-Israel Pipeline (Tipline). The pipeline runs between Eilat and Ashkelon, located south of Tel Aviv on Israel's Mediterranean Sea coast. The tanker will

EDWARD MORSE The effects of the 1973 oil embargo by the Organization of the Petroleum Exporting Countries (OPEC) can still be felt. Although the United States has successfully curtailed OPEC's ability to use oil as a weapon or as leverage for political blackmail, the resource remains a viable instrument of

This PolicyWatch is the second in a three-part series written to coincide with the Madrid Donors Conference on Iraq, which begins on October 24, 2003. Read Part I (also by Knights) and Part III (by Patrick Clawson). Expanding the size of Iraqi government security forces will be key to reducing