Hence, it would be unwise for these companies to assume that the Gulf is a safe haven and rush into it. However, in terms of future cooperation between China and the Gulf countries, if the Gulf increases imports of Chinese goods, China should seize the opportunity to further push for the use of the yuan in trade settlements within the Gulf region.
fiscal pressures are likely to intensify. Moreover, the devaluation of the dollar could exacerbate inflationary pressures within the U.S., leading the Federal Reserve to face potential interest rate hikes, which could negatively affect the financial stability of the Gulf countries. Since April, major stock indices in the Gulf region have suffered s
The environmental effects are already apparent. Habitats for fish and marine mammals are shrinking, a problem exacerbated by widespread industrial and agricultural pollution. Some species, such as the Caspian seal and various sturgeons, are already endangered and the risk of extinction will grow if the sea continues to recede. While environmental c
While Russia and the West have major stakes in the South Caucasus, China is a more recent player focussing on economic relations with Armenia, Azerbaijan and Georgia. Azerbaijan and Georgia have signed major agreements with China on 7 August 2023 and 3 July 2024 respectively. The Georgia–China strategic partnership focuses on improving economic t
Emerging markets are key battlegrounds in the digital infrastructure race. China’s Belt and Road Initiative has provided many developing nations with much-needed digital infrastructure, but at the cost of increased dependency on Beijing. The United States and its allies must offer attractive alternatives that not only provide reliable infrastruct