The oil boom brought about by the Ukraine war has made energy-rich Middle Eastern countries extraordinarily wealthy once again. But experts warn that it may be the last such upswing.
A version of this story first appeared in CNN's Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region's biggest stories. Sign up here.
Abu Dhabi The energy price spike triggered by the war lifted the Gulf states out of an almost decade-long economic slump that saw them cut spending and go into budget deficits as their economies shrank. Russia's invasion of its neighbor shot the value of crude to an eight-year high. Gulf states went through oil booms in the 1970s and 1980s, and then another in the early 2000s.
In my interview with @QueenRania she reflects on the legacy of Queen Elizabeth II and how the advice she gave her as a young queen stays with her until today. pic.twitter.com/hIf6g9qZHE — Becky Anderson September 19, 2022 Around the region Ines Laklalech of Morocco tees off from the 7th hole during Day One of the Aramco Team Series London on June 16, 2022 in St Albans, England. Rookie professional golfer Ines Laklalech became the first Arab and the first North African woman to win a Ladies European Tour title when she won the Lacoste Ladies Open de France tournament on Saturday.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Newsom Challenges DeSantis to Televised Debate Over Migrant BusingThe feud between California Governor Gavin Newsom and Florida Governor Ron DeSantis has escalated over recent actions by Republican politicians. See potential bias and similarities in coverage from axios, foxheadlines, and CBSNews:
Read more »
Biden Talks COVID-19, Inflation, 2024 and China in 60 Minutes InterviewPresident Joe Biden appeared on 60 Minutes Sunday and made a number of notable comments about hot-button issues. See the potential bias and similarities in coverage from forbes, foxbusiness and cnn:
Read more »
Speaker Pelosi Visits Armenia, Blames Azerbaijan for Recent FightingHouse Speaker Nancy Pelosi visited Armenia following recent fighting with neighboring Azerbaijan. See potential bias and similarities in coverage from Reuters, AP, and foxheadlines:
Read more »
Emmy Awards highlights, Roger Federer retires and R. Kelly is convicted | Hot off the Wire podcast🎧 Get a recap of some of this week's top sports and entertainment stories through this special edition of our daily news podcast.
Read more »
Emmy Awards highlights, Roger Federer retires and R. Kelly is convicted | Hot off the Wire podcastGet the latest news on Hot off the Wire, our daily news podcast.
Read more »
World mourns Queen Elizabeth II; Fiona pounds Puerto Rico; leaders gather at UN | Hot off the Wire podcast🎧 World leaders and the public say a final goodbye to Queen Elizabeth II and Hurricane Fiona knocked out power in Puerto Rico. Those stories and more on our daily podcast.
Read more »