Is a Fixed PEG a Fact of Life in the GCC?

September 08, 2017

If you live in a GCC country, a good dinner party topic is the merits and demerits of a change in a peg. Authorities have been managing the quoted interest rate since the 2008-09 financial crisis. And for many, positive interest rates have not created much of a concern. Prior to 2008, a...

Trump’s Untimely Investment in Saudi Arabia

May 29, 2017

Donald Trump is making the mistake of investing in and arming the Saudi regime at the very moment when its foundations are eroding. A Saudi friend from the Aramco IPO team put it to me the other day that the reforms envisioned under Deputy Crown Prince Mohammed bin Salman’s National...

It’s Always Sunny in Saudi Arabia

May 16, 2017

How the biggest exporter of crude oil could become a leader in solar energy. Throughout the Middle East and North Africa, countries are beginning to reap the benefits of cheaper solar power technology and are investing in mega projects to sustainably power electricity grids. Morocco is...