What would the Middle East be like if it had no oil?

That being said, had not been any oil in the middle east, countries like Syria, Lebanon and Turkey would not be directly affected that much, apart from the fact that they would have less wealthy neighbors and that would definitely affect their trade volume and hence the economy. read more

As oil prices wallow at lows not seen for more than decade, petroleum-exporting countries in the Middle East are looking to reform their economies. read more

If there was no oil in the Middle East, the Middle East would remain a backwater like it was after Vasco de Gama etc found how to reach the Far East directly to by Chinese and Indonesian and Indian etc products directly instead of the Middle East being middlemen. read more