Recent Posts

A Political Crisis Threatens to Derail Guyana’s Oil Boom

Despite growing signs of a dramatic and global economic downturn stemming from the coronavirus pandemic, the small South American country of Guyana appears poised for a period of spectacular economic growth. In its recent semiannual report on Latin America and the Caribbean, the World Bank forecasts a 4.6 percent contraction …

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Kremlin Raises Rhetoric After U.S. Cites ‘Real Concerns’ Over Russian Military Buildup Near Ukraine

The Kremlin has gone on a verbal offensive amid Western concerns over its military buildup near Ukraine, while stressing the importance of an unconfirmed Russian-U.S. presidential summit Moscow says is in the works. The Kremlin responded harshly on November 21 to U.S. Secretary of State Antony Blinken saying a day …

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Will Oman’s New Income Tax Be the Start of a Political Sea Change in the Gulf?

In early November, Oman’s government announced plans to institute an income tax on high earners by 2022. The policy will break precedent in the oil-rich Gulf, where states tend to pay their citizens, rather than requiring citizens to pay the state. The question now is whether this decision will fundamentally …

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