This is the first comprehensive analysis of the Middle East political economy in response to the oil price decline in 2014. Based on a heuristic framework inspired by rentierism, the volume contains original studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

• Front matter
• Dedication
• Contents
• Figures
• Tables
• Contributors
• Preface
• Acknowledgements
• Note on transliteration
• Abbreviations
• Pressured by the decreased price of oil: Post-2014 adjustment policies in the Arab Gulf and beyond
• Upgrading towards neoclassical rentier governance: Bahrain’s post-2014 oil price decline adjustment
• Stalled reform: The resilience of rentierism in Kuwait
• Oil price collapse and the political economy of the post-2014 economic adjustment in the Sultanate of Oman
• Qatar: Leadership transition, regional crisis, and the imperatives for reform
• The nexus between state-led economic reform programmes, security, and reputation damage in the Kingdom of Saudi Arabia
• Federal benefits: How federalism encourages economic diversification in the United Arab Emirates
• Egypt’s twisted hydrocarbon dependency: A case of persistent semi-rentierism
• Oil and turmoil: Jordan’s adjustment challenges amid local and regional change
• Lower oil prices since 2014: Good news or bad news for the Lebanese economy?
• Oil and the political economy in the Middle East: Overcoming rentierism?
• Index