Mohammad Al Asoomi, Special to Gulf News

Articles from the author

Are we witnessing a return of the multipolar world?

Shift in international relations means nations may reshape their alliances and interests

Multipolar world

Chasing lost empires is no longer a reality

Arab world is being reshaped by sharp economic focus

Imperial aspirations of old empires take succor from a distant past that is without economic foundation.

OPEC+ wants price stability at current levels

At $90 or above, GCC economies can fast-track their growth ambitions

The oil markets seem to have ignored the informal understandings between OPEC+ oil producing countries and the US to maintain a price level of $70-$75 per barrel.

US is short on ideas to feed Europe’s gas needs

Russia’s advantage still holds despite the intense pressure brought on European customers

The energy supply crisis - and that for natural gas in particular – has been exacerbated by fabricated geopolitical and economic factors overlapped.

Iran needs to match its talk on better GCC ties

All such talk by top Iranian officials do not match happenings on the ground

Iran’s foreign trade with the GCC countries is negligible, compared to the volume of its trade with countries outside the Arab Gulf.

Gulf stock markets need more to get foreign investors

As long as oil price momentum continues, there is plenty to interest investors

Last year, the GCC stock markets made significant gains with Abu Dhabi Securities Exchange general index gaining 68 per cent and Dubai Financial 28 per cent.

Europe’s consumers get hit with gas bill

US opposition to Nord Stream 2 and EastMed targets expanding its own gas exports

Even with the completion of the $11.5 billion Nord Stream 2 pipeline - built to transport natural gas from Russia to Germany - last September, gas pumping operations have been halted due to the tough US stance.

GCC must aim big on far-reaching trade deals

Free trade agreements and easing of tariffs are required to break big into new markets

GCC nations need to accelerate the signing of free trade agreements with the world’s economic heavyweights, such as China, the US, the European Union, India and the UK, some of whom have been seeking such agreements for some time.

Gulf states do right thing on investor guarantees

GCC economies must not allow any gaps on investor rights in their regulations

GCC states have taken the right step with the establishment of special courts for commercial arbitration and financial disputes.

Oil’s fortunes stage a recovery – with US help

US must take some of the blame for the current turmoil in energy markets

Suddenly, it’s all turning around as the world once again becomes extremely thirsty for oil, after two years of a glut that caused prices to dive and triggering an existentialist crisis for oil-producing countries.

Will trade routes set off next big conflict?

Great powers are fighting to influence, not be easy for other nations not to take sides

China’s ‘Belt and Road’ ambitions have escalated the conflict to gain control of global trade routes in ways that will have consequences for all.

A global debt bubble is primed to burst

US remains a habitual offender is taking on more debt to overcome one crisis after other

The global debt avalanche is still rolling on - a report by the Institute of International Finance estimates that government debt rose 12.5 per cent last year to $80 trillion.

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