The readers of this blog should have noticed by now our unstinting coverage of the impressive leaps, both forward and upward, that seem to characterize the economic development of the city-state of Dubai. This coverage also reflects the editor’s profound and indelible personal impressions...

The recent steady decline of the US dollar against other major currencies is having a major impact on the Saudi economy, as the oil revenues on which it so heavily relies are denominated in dollars. A decline in the value of the dollar makes imports from non-dollar zones more expensive, generating...

We present an article today by a distinguished Iraqi writer who, without naming names, rebuts Mr. Alan Greenspan’s argument that the war in Iraq was driven by oil considerations. In presenting Dr. Hussein’s analysis we do not mean to express a view for or against the war in Iraq, for...

In his book “The Age of Turbulence”, released for sale yesterday, Alan Greenspan, the former chairman of the Federal Reserve writes, “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.” This statement is...

In our editorial on September 6, entitled "When Projection is Elevated to Science", we questioned the wisdom of the World Bank staff in projecting the price of oil in 2009 to the last cent, at exactly $49.72. Shortly thereafter, a friend in Dubai sent us an investment brochure issued by...