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Through an examination of the legal and institutional frameworks for resolving disputes this study explores the settlement of environmental disputes in compliance with international law, and focuses on the status of the environmental dimension within that. The study explores the Helsinki and Berlin rules, the different international agreements, the extent to which their implementation is crucial and the impediments in this field. To delve further into the discussion, the study examines the obstacles that limit the peaceful settlement of environmental problems. Such problems are largely due to the global nature and complexity of environmental issues, the absence of the political will of major powers and the attempts to bypass and bury problems by adopting a scientific approach to settle environmental disputes and banning “green intervention”, in addition to encouraging balanced cosmic negotiations, relying on the balance of mutual benefits between parties and neglecting the balance of powers rule.

Examining the negative effects on the economies of oil-exporting Arab countries as a result of the current imbalance in the international monetary system, this paper finds that the imbalance is mainly represented in the continuation of the dollar as the central reserve currency of the Gulf States. As long as this imbalance exists, it postulates, the surpluses achieved by these countries in their balance of foreign payments ends up as dollar-denominated reserves deposited in the US government treasury or as US bonds. In other words, as loans countries with financial surpluses Gulf States give to the richest economy in the world in return for meager interest rates instead of investing them in high-yielding productive projects that could increase demand in the global economy, drive up employment rates, and help protect against crises and instability. This study aims to start a debate about the need for the Gulf countries to take part in efforts to reform the international monetary system, and join developing nations that spend on infrastructure and sustainable development instead of on defense. This paper sees such a move as ensuring that the Gulf States would then participate in reforming global governance and the development of the international monetary system. Gulf countries should seriously consider joining the New Development Bank and the Asian Infrastructure Bank, as well as establish a trans-regional bank between Asian and Arab countries, as a more advanced step.