Oil was discovered in the United Arab Emirates (UAE) just 50 years ago. During that time, UAE has been able to transform itself into a rapidly modernizing country, which is fast becoming a major economic hub and a key player on the international economic landscape. This paper discusses a number...

Making sense of Saudi Arabia is crucially important today. The kingdom's western province contains the heart of Islam, and it is the United States' closest Arab ally and the largest producer of oil in the world. However, the country is undergoing rapid change: its aged leadership is ceding power...

Versuch einer Quantifizierung der wirtschaftlichen Folgen des zweiten Golfkriegs. Angesprochen werden: veränderte Gastarbeiter- und damit Finanzströme, hohe unmittelbare und indirekte Kriegsfolgelasten und deren externe Mitfinanzierung, veränderte regionale Leistungstransfers,...