While the Arab Gulf is enjoying a huge windfall as oil revenues have skyrocketed, the region continues to face serious economic challenges, according to Ahmed Saeed of Cerberus Capital. Saeed, a former Deputy Assistant Secretary for Africa and the Middle East at the U.S Department of the Treasury, analyzed the changing role of the Gulf in the global economy at a CSIS Gulf Roundtable held on January 31, 2008.
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