July 19, 2022

‘Could do better’: the experts’ verdict on Biden in Middle East

Featuring Rachel Ziemba

Source: Arabian Gulf Business Insight

Journalist Melissa Hancock

“The trip went as expected, with few major deliverables and no major negative or positive shocks. No big oil promises or Iran nuclear deal breakthroughs. The trip was about resetting relationships and finding some areas on which to work together.

“Some co-investment and joint projects on renewable energy, 6G and parallel investment in infrastructure are small win-wins, but it remains to be seen if these will create a stronger economic coordination as the GCC also deepens ties with China and regional players.

“As expected, there were no major deliverables on energy and many questions ahead about future OPEC coordination and production.

Overall, the Saudis and some of the Gulf countries will be counting this trip as a win and one of many aimed at strengthening ties with a range of global powers.

For the US, this is more of a modest one, as it tries to reach out to some of its counterparts, who form key parts of its energy, food and economic stability goals.”

Read the full story and more from AGBI.

Authors

  • Rachel Ziemba

    Adjunct Senior Fellow, Energy, Economics, & Security Program

    Rachel Ziemba is an Adjunct Senior Fellow at the Center for a New American Security (CNAS). Her research focuses on the interlinkages between economics, finance and security i...