While Americans and Europeans bemoan the cost of gasoline at the pumps, people in some other parts of the world enjoy filling up their tanks cheaply thanks to subsidies provided by wealthy, oil-rich governments. But fuel subsidies tend to benefit the rich (who own motor vehicles) more than the poor. The IMF estimated that 65 percent of the fuel subsidies in Africa benefit the richest 40 percent of households (2010). Only 8 percent of the $410 billion in government fuel subsidies worldwide went to the poorest 20 percent of the population (International Energy Agency - estimates, 2010). The British insurance firm Staveley Head has released the latest list of the world’s gas pump prices. Here are the 10 cheapest countries on Earth to fill a gas tank.
Saudi Arabia is facing its biggest foreign policy obstacle (and opportunity) yet – one whose outcome matters deeply to the US. How the kingdom handles Syrian turmoil will determine its leadership standing in the region and its containment of Iran.
As the death count rises in Syria, calls are mounting for President Obama to denounce Syria's President Bashar al-Assad. But Syria's pivotal role in the region and fragile ethnic and religious balance are complicating the situation.
The sun sets behind Al-hussein Mosque on the first day of Ramadan in Amman, Jordan, Aug. 1.
US officials are planning to hold talks with Saudi Arabia next week over a potential civilian nuclear pact. But Israeli concerns and Saudi Arabia's rivalry with Iran could complicate matters.
Whether US troops stay in Iraq beyond the end of year or not, the US must foster the relationship between Iraq and Turkey. Ankara is the perfect counter to competing Saudi and Iranian influence.
Dozens of Saudi Arabian women defied the Kingdom's ban against women behind the wheel today. Have they struck a blow for equal rights?
Saudi Arabia is peddling the message of sectarian division, but that’s a dangerously inaccurate misreading of the what the Arab Spring is really about. If the US wants stability in the Middle East, it shouldn’t bow to Saudi Arabia’s opposition to Shiite Iran.
Yemen's President Saleh, recuperating in Saudi Arabia from an attack, insists he will return to his strife-torn country. The Saudis would rather he didn't, but what will they do to stop him?