Energy & Economics

The most recent episode of the ongoing Iraq saga ended last week with at least one permanent member of the UN Security Council-Russia-committing itself to work for the end of UN sanctions, especially the oil export ban. Other Council members (e.g., France, China and Egypt) have also voiced strong support

Against the backdrop of a brewing confrontation with Iraq, Secretary of State Albright travels to the nearby state of Qatar later this week to talk about regional economic development. Despite Albright's presence, many Arab countries—including regional leaders Egypt and Saudi Arabia—have declared that they will boycott the fourth annual Middle

Summarizes assessments of various Middle East economic experts in order to provide an overview and forecast of regional prospects for 1998. The author focuses on issues affecting all Middle Eastern economies, including oil dependence, economic centralization, massive subsidization, and other long- and short-term factors.

Peace in the Persian Gulf is crucial for international stability, including in East Asia. Moreover, a stable supply of crude oil and natural gas is essential to the United States, the European Union and the Asian countries. Nearly 80 percent of Japan's crude oil imports come from the Gulf region

In the latter half of the 1990s, the Iranian economy faces horrendous problems: economic mismanagement, high inflation, declining living standards, a growing gap (much of it fueled by pervasive corruption) between a wealthy minority and vast impoverished majority, high rates of unemployment, an inability to significantly increase oil production (concurrent

For the United States, supporting UN Security Council Resolution 986 is a gamble. Washington hopes that the "oil-for-food" deal will be a trap that will reduce pressure to lift the rest of Iraqi sanctions, thereby thwarting Saddam Hussein's strategy to win the end of sanctions by playing on international sympathy

The Cairo Economic Summit comes at an exciting time for Middle East regional cooperation. Regional countries have made substantial progress toward economic reform, including steps toward privatization and structural reform. Unfortunately, although all states in the region have a strong interest in promoting regional cooperation, only 7 percent of regional

The Cairo Economic Summit will take place as scheduled. Egypt is preparing for it and anticipating a constructive conference. This conference comes in the context of Egypt's overall structural reform program, initiated twelve years ago, when the government set out "to make Egypt a better place to live." This program

Leaders of the Middle East, along with leaders around the world, can create a new path toward economic development and prosperity in the Middle East. The alternative would be to descend into regional instability bred by a 3 percent annual Middle East population growth. But leaders need to deflate their