This book discusses the strategic shift in ownership of Aramco, the Saudi Arabian Oil Company, and its potential impact on Aramco's role in a post- privatized world. Scheduled to become an IPO in 2018, Aramco is on the verge of becoming the largest IPO on the market. As the world’s largest oil and gas company, Aramco’s impending privatization has important implications for the world’s petroleum market. This book, therefore, undertakes an analysis of Aramco, examining its history, its current role in Saudi Arabia’s economy, and its future role as an IPO. The chapters highlight the likely outcomes for Aramco in proceeding with its planned IPO and privatization, as well as the various policy options and models available to it by drawing on the privatization of other national oil companies in Norway , Russia, Brazil, and China. The book also explores the complexities that will be involved in transforming Saudi Aramco to a privatized company—albeit with significant government oversight and control—and addresses key questions on the issues likely to be faced, such as IPO pricing, the listing, domain, and market capacity, and potential stakeholders. As such, this book will be of interest to academic researchers studying energy economics, energy policy, and the political economy of the Middle East, as well as private sector decision makers in energy related fields, international organizations, international oil companies, energy commodity traders, and public sector energy policy makers with interest in Saudi Arabia and Aramco’s IPO.
This book provides a comprehensive assessment of the various dimensions of the relationship between the European Union and the Gulf Cooperation Council, and highlights how relations are yet to reach their full potential. Despite both parties sharing a number of common interests, including trade, energy, climate change, security and cultural cooperation, the multilateral cooperation framework remains limited, with most engagement taking place bilaterally, between individual European and GCC countries. The book reassesses the potential and prospects for the EU’s engagement with GCC countries based on the recalibration and reconciliation of both parties’ national and regional interests. Taking a thematic approach, each of the three sections of the book examines a key dimension of the relationship, its current status and its path forward.
This book examines theoretical and empirical approaches to the study of middle powers with reference to South Korea’s bilateral relations with Iran, Saudi Arabia, United Arab Emirates and Iraq. It maps the development, political and diplomatic trajectories between South Korea and Iran, Saudi Arabia, United Arab Emirates and Iraq against the historical backdrop of ROK-US alliance and the rise of China. Jeong provides a nuanced analysis of the intersectionality of political economy and foreign policy analysis contextualizing state-building processes in ROK and the Middle Eastern countries. This accessible book is intended for students and scholars in area studies and international affairs, career diplomats, and South Korean businesses in the Middle East. It should also prove of practical value for journalists and policy makers who are interested in studying the nexus of domestic, regional and international factors that have configured South Korea’s Middle East policy.
Museums of the Arabian Peninsula offers new insights into the history and development of museums within the region. Recognising and engaging with varied approaches to museum development and practice, the book offers in-depth critical analyses from a range of viewpoints and disciplines. Drawing on regional and international scholarship, the book provides a critical and detailed analysis of museum and heritage institutions in Bahrain, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, the UAE and Yemen. Questioning and engaging with issues related to the institutionalisation of cultural heritage, contributors provide original analyses of current practice and challenges within the region. Considering how these challenges connect to broader issues within the international context, the book offers the opportunity to examine how museums are actively produced and consumed from both the inside and the outside. This critical analysis also enables debates to emerge that question the appropriateness of existing models and methods and provide suggestions for future research and practice. Museums of the Arabian Peninsula offers fresh perspectives that reveal how Gulf museums operate from local, regional and transnational perspectives. The volume will be a key reference point for academics and students working in the fields of museum and heritage studies, anthropology, cultural studies, history, politics and Gulf and Middle East Studies.
Anita Butera provides a unique account of the past and future of Saudi Arabia as told by Saudi women. The story that emerges is one where modernization is not synonymous with Westernization but instead comes from the search for an identity based on the rich history of the country.
Key initiatives include a privatisation programme which would see the divestment of a number of state-owned giants, such as the partial listing of Aramco, the creation of the world’s largest sovereign wealth fund and the increased participation of women in the job market. The Kingdom has played a key role too on the international stage in 2017, becoming the first country to host President Trump, a visit which resulted in renewed trade and investment commitments on both sides. Meanwhile the country’s importance as a trading hub continues to grow thanks to both the various infrastructural upgrades that are taking place to its ports and airports, as well as its its geographical advantage as a connector of three continents and its proximity to the Red Sea – through which 10% of world trade travels.
The Middle East and North Africa (MENA) are in disarray, and shifts in the field of energy have the potential to drastically affect the course of political and economic developments in the region. Declining oil prices, skyrocketing domestic demand, the rise of unconventional oil and natural gas production in North America, as well as shifting patterns of global energy trade all put severe pressures on both producing and importing countries in the MENA region. Policy-makers are facing fundamental challenges in light of the duality of grand transformations in (geo)politics and energy. Changes in the field of energy require substantial political and economic reforms, affecting the very fabric of sociopolitical arrangements. At the same time, the MENA region’s geopolitical volatility makes any such reforms extremely risky. Including contributions by academics and analysts from both inside and outside the MENA region, this volume explores the changes in global and regional energy, the impact of changing international energy dynamics on politics and economies in the MENA region, and the challenges that will result. This is essential reading for researchers, postgraduates, and professionals in Middle Eastern and North African politics, global energy governance and regionalism.
This thematic encyclopedia examines contemporary and historical Saudi Arabia, with entries that fall under themes such as Geography, History, Government and Politics, Religion and Thought, Food, Etiquette, Media, and much more. The Kingdom of Saudi Arabia, known for its petroleum reserves and leadership role in the Middle East, is explored in this latest addition to the Understanding Modern Nations series. Organized into thematic chapters, Modern Saudi Arabia covers both history and contemporary daily life. Chapter topics include: Geography; History; Government and Politics; Economy; Religion and Thought; Social Classes and Ethnicity; Gender, Marriage, and Sexuality; Education; Language; Etiquette; Literature and Drama; Art and Architecture; Music and Dance; Food; Leisure and Sports; and Media and Popular Culture. Each chapter contains an overview of the topic and alphabetized entries on examples of each theme. A detailed historical timelinespans from prehistoric times to the present. Special appendices are also included, offering profiles of a typical day in the life of representative members of Saudi society, a glossary, key facts and figures about Saudi Arabia, and a holiday chart. This volume will be useful for readers looking for specific topical information and for those who want to read entire chapters to gain a deeper perspective on aspects of modern Saudi Arabia. • Includes "Day in the Life" features that portray the specific daily activities of various people in Saudi Arabia, from teenagers to working adults in different fields, thereby providing readers with insight into daily life in the country • Defines key terms related to the reading in a glossary appendix • Provides at-a-glance information about Saudi Arabia's important religious and secular holidays in a chart of National Holidays • Illuminates the text through photos and sidebars helping to illustrate key topics and allowing students to dive more deeply into ideas • Provides fun facts and anecdotal information in sidebars that help to engage readers
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