The dramatic end to Bashir Al-Assad’s rule has created another crisis for Iran’s regional strategy and is an unnerving moment for Gulf monarchies which, in the name of ‘stability’, had been rebuilding ties with a Damascus regime that seemed to have survived a decade-plus of civil war. Diplomatic strategies will now have to be hastily redrawn, with an initial focus on ensuring Syria does not slide further into turmoil.
Issue 1194 - 09 December 2024
Iran, Saudi Arabia, Bahrain, United Arab Emirates (UAE), Israel, Iraq, Qatar, Syria
The start of services on the Riyadh Metro and hotel openings at the Red Sea Project are positive signs of progress in the kingdom’s ‘giga-project’ economy. But for all the hype about the government’s shift away from Saudi Arabia’s reliance on oil revenues, hydrocarbons are as vital to the economy today as they were when Crown Prince Mohammed Bin Salman launched his Vision 2030 diversification strategy in 2016. The turnover of key executives suggests the Saudi top team is unhappy with progress to date.
Issue 1194 - 28 November 2024
Jon Marks
Editorial director
Dominic Dudley
Editor
Harry Randle Marsh
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