The Middle East is among the world’s richest regions in natural resources, but despite the Persian Gulf’s ostentatious oil wealth, as a whole, the region teeters on the economic precipice. East Asia, South Asia, and even Latin America—once peers in business and development—have left the Middle East in the dust. Rather than embark on slow and steady growth, Middle Eastern economies remain trapped by boom-and-bust cycles of economic development, often a case of two steps forward, two steps back.

CIE+

Reliable resources for deeper Israel understanding

Embrace informed content on Israel, the Middle East and the Diaspora.

Begin with 7 days free to explore CIE’s rich sources, expert analyses and guided knowledge building.

$39 / year

JOIN CIE+