Capitalism and Class in the Gulf Arab States

The six Arab states of the Gulf Cooperation Council (GCC) play an increasingly prominent role in the global economy and throughout the broader Middle East region. This book analyzes the recent development of Gulf capitalism through the aftermath of the 2008 economic crisis. Situating the Gulf within the evolution of capitalism at a global scale, it presents a novel theoretical interpretation of this important region of the Middle East political economy. Accompanied by an extensive empirical analysis of all sectors of the GCC economy, the book argues that a new capitalist class, Khaleeji Capital, is forming in the Gulf--with profound implications for the Middle East as a whole.