In his book, Money, Markets and Monarchies , Adam Hanieh illustrates the impor-tant role the Gulf Cooperation Council (GCC) has played in the Middle East (ME) and the world stage. He argues that the flows of the GCC’s financial surpluses, as a result of wealth generation on the back of rising commodity prices since the 1970s, are a key component to understanding the current form of the contempo-rary world economy. He adds that the world…