Kuwait and Oman hope for peace dividend
More cordial Saudi-Qatar relations raise hopes for economic and energy investment progress in other GCC allies. But serious challenges remain
The new leaders of Kuwait and Oman were among the most relieved when Saudi crown prince Mohammed bin Salman embraced Sheikh Tamim of Qatar on the latter’s arrival for the Gulf Cooperation Council (GCC) summit in Saudi Arabia in early January. But any optimism the two men might have that a new era of GCC cooperation could help supercharge their economies and energy sectors is tempered by significant domestic challenges. Sheikh Nawaf al-Ahmad al-Sabah became emir of Kuwait in September last year, nine months after Haitham bin Tariq al-Said was named sultan of Oman. Both are well aware that minimising regional feuds is essential if GCC states are to cope with the political, economic and health
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift