The Arab Countries of the Persian Gulf as New Donors  in the World Economy

Occupation: Post-graduate student, MGIMO-University
Affiliation: MGIMO-University, Ministry of Foreign Affairs of Russia
Address: Russian Federation, Moscow

Journal name

Asia and Africa Today

Edition

Issue 6

Pages

62-69

Abstract

This article deals with the peculiarities and aspects of foreign aid by Arab countries of the Gulf (Cooperation Council for the Arab States of the Gulf (GCC members)). Relatively recently, almost all the countries that are members of the integration association GCC were countries with extremely backward consumer economy. But with the discovery of the richest oil deposits, this region has become the main oil-bearing region of the world. During the so-called “oil boom”, the economy of the Arab countries of the Gulf was at the initial stage of development and was not able to invest the growing revenues from oil rents in national projects, so free financial resources were used to create development funds and provide assistance. Now two countries – Saudi Arabia and the United Arab Emirates – are among the top 20 donor-states in terms of funding, are very influential participants in international development assistance processes and play a leading role in international humanitarian activities. The directions and geography of assistance are quite extensive and diverse, and the amount of funds allocated is solid. For these States, humanitarian assistance is a priority direction of foreign policy and contributes to increasing prestige in the international arena in order to ensure national interests.

Keywords

GCC, Saudi Arabia, UAE, foreign aid, international development assistance

Publication date

21.06.2023

Number of characters

20502

Cite

GOST	Khromova N. The Arab Countries of the Persian Gulf as “New Donors” in the World Economy // Asia and Africa Today – 2023. – Issue 6 C. 62-69 [Electronic resource]. URL: https://asaf-today.ru/S032150750026138-3-1 (circulation date: 19.05.2024). DOI: 10.31857/S032150750026138-3
MLA	Khromova, Natalia "The Arab Countries of the Persian Gulf as “New Donors” in the World Economy." Asia and Africa Today 6 (2023):62-69. DOI: 10.31857/S032150750026138-3
APA	Khromova N. (2023). The Arab Countries of the Persian Gulf as “New Donors” in the World Economy. Asia and Africa Today (6), pp.62-69 DOI: 10.31857/S032150750026138-3

100 rub.

When subscribing to an article or issue, the user can download PDF, evaluate the publication or contact the author. Need to register.

Number of purchasers: 0, views: 202

Readers community rating: votes 0

1. Zhdanov S.V. 2006. Arab countries in the world economy. Moscow. (In Russ.)

2. Melkumyan E.S. 2018. Humanitarian activity of the Arab monarchies of the Persian Gulf. Paths to peace and security. № 1 (54), Moscow. Pp. 299–307. (In Russ.)

3. Foreign Aid: United Arab Emirates 2020. Ministry of Foreign Affairs and International Cooperation (MoFAIC). https://www.mofaic.gov.ae (accessed 20.12.2022)

4. Bartenev V.I. 2020. International assistance to the countries of the Middle East and North Africa: Managing Risks: Report № 62/2020. The Russian Council for International Affairs (RIAC). Moscow. (In Russ.)

5. UAE’s foreign aid from 2010 to 2021 totalled AED206 billion: MoFAIC report. http://wam.ae/en/details/1395302963076 (accessed 21.01.2023)

6. Foreign Aid: United Arab Emirates 2021. Ministry of Foreign Affairs and International Cooperation (MoFAIC). https www.mofaic.gov.ae (accessed 20.01.2023)

7. Kosach G.G., Melkumyan E.S. 2003. Saudi Arabia’s Foreign Policy. Priorities, directions, decision-making process. Moscow. (In Russ.)

8. El Taraboulsi-McCarthy Sh. A Kingdom of Humanity? Saudi Arabia’s Values, Systems and Interests in Humanitarian Action. Humanitarian Policy Group (HPG) Working Paper. London. Overseas Development Institute, 2017. http://www.odi.org/sites/odi.org.uk/files/resource-documents/11741.pdf (accessed 15.10.2022)

9. Melkumyan E.S. 2016. Humanitarian aspects of the foreign policy of small States: the example of Kuwait. Bulletin of the Russian State University for Humanities. Series: Political Science. History. International relations. Foreign regional studies. Oriental Studies. № 3 (5), Moscow. Pp. 60–70. (In Russ.)

10. Bartenev V.I. 2019. Assistance of the Persian Gulf countries to post-revolutionary Egypt: logic, dynamics, systemic influence. RUDN Bulletin. Series: International Relations. № 4, Moscow. Pp. 566–582. (In Russ.)