The Egyptian government has just concluded negotiations with the International Monetary Fund (IMF) for a US$12 billion loan in exchange for promised cuts in fuel and food government subsidies.
The Middle East Policy Council's 85th Capitol Hill Conference has concluded. The full video and unedited transcript are available below. A policy brief derived from this event can be read here. The panel, held on Tuesday, July 12, 2016, addressed the recently announced Saudi 2030 Vision and the National Transformation Plan as well as similar vision statements and plans of the UAE and other GCC states.
In a sign of warmer relations and closer cooperation, Saudi Arabian King Salman bin Abdulaziz Al Saud has met with Egyptian President Abdel Fattah al-Sisi to announce the signing of more than a dozen agreements, including the settlement of a long-time maritime border dispute.
The recent rise of Dubai and the Persian Gulf in the global consciousness has been profound. Once a small, unknown fishing village, Dubai has turned into a powerful megalopolis recognized worldwide for its skyline, shopping, business dynamism and shipping.