This is as good a summary of what's going on in the GCC these days as I've seen since the blockade began in July, which is to say that everyone can describe what is happening, but no one seems to be able to explain why it is happening. The article's focus on regional leaders' egos is misplaced, I think, and fairly representative of our media's tendency to scrape the surface of any regional conflict that isn't in Euro…
Qatar has natural gas and connections to Iran. And is still in the black economically. When I look at Saudi Arabia it looks like over time their oil income which pays all the bills is fixed while their population keeps growing. Both common poor people and the number of ultra rich. Divide one by the other and it's not pretty. UAE has no oil or gas income and is living off loans. Probably part of the reason the current…
You're thinking of Dubai. The major emirate has always been Abu Dhabi and they're resource rich a.f (and they provider of many loans to Dubai, including financing of the Burj Khalifa)