Arab states of the Persian Gulf
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).
Peace
The six Arab states of the Persian Gulf lie in a volatile region and their six governments, with varying degrees of success and effort, try and advance peace in their own countries and other countries. However, Arab countries in the Persian Gulf region - specifically Saudi Arabia and Qatar - stand accused of funding Islamist militants such as Hamas and the Muslim Brotherhood. According to the Institute of Economics and Peace (IEP)'s Global Peace Index of 2016, the six governments had varying degrees of success in maintaining peace amongst their respective borders with Qatar ranked number 1 amongst its regional peers as the most peaceful regional and Middle Eastern nation (and ranked 34 worldwide) while Kuwait ranks second in both the regional and the Middle East region (and 51 worldwide) followed by the UAE in the third spot (61 worldwide).
Economy
All of these Arab states have significant revenues from petroleum. The United Arab Emirates has been successfully diversifying the economy. 79% of UAE's total GDP comes from non-oil sectors. Oil accounts for only 2% of Dubai's GDP. Bahrain has the Persian Gulf's first "post-oil" economy because the Bahraini economy does not rely on oil. Since the late 20th century, Bahrain has heavily invested in the banking and tourism sectors. The country's capital, Manama is home to many large financial structures. The UAE and Bahrain have a high Human Development Index (ranking 31 and 42 worldwide respectively in 2019) and was recognised by the World Bank as high income economies.
In addition, the small coastal states (especially Bahrain and Kuwait) were successful centers of trade and commerce prior to oil. Eastern Arabia also had significant pearl banks, but the pearling industry collapsed in the 1930s after the development of cultured pearl methods by Japanese scientists.Template:Citation needed
According to the World Bank, most of these Arab states have been the world's most generous donors of aid as a share of GDP.
See also
