The Gulf Economics and Energy research program focuses on the economies of the GCC member countries and the three neighboring countries, Iraq, Iran and Yemen. Special attention is given to the still paramount oil and gas sector and the extension of its value chain into petrochemicals, refining and energy intensive industries such as aluminum. Other diversification attempts in trade, services and tourism are also analyzed, with a special emphasis on renewable and nuclear energy. Other areas of interest regulatory and business environments, capital markets and trade relations (e.g. WTO, FTAs).