While Western banks saw their valuations drop substantially during the first 18 months of the COVID pandemic — and have yet to recover — the declines among Saudi banks have been smaller and their valuations are now closer to, if not above, their pre-pandemic levels. Identifying the drivers of this seemingly contradictory trend helps us better understand the shifts within the Saudi banking sector and the growing impacts of policies related to Vision 2030, the country’s long-term economic development and diversification program.
Marvin Weinbaum, Husain Haqqani, and Mick Mulroy join host Alistair Taylor to discuss the future of Afghanistan following the imminent US military withdrawal.
روسيا تنهي مهمة إعادة هيكلة الجيش السوري.. بعد الفشل
منذ بداية الانتفاضة السورية مايو 2011 وحتى صيف العام 2015، فشلت الميليشيات الإيرانية إلى جانب الجيش السوري والميليشيات المحلية في إعادة السيطرة على البلاد، على الرغم من العدد الهائل لمجموع هذه القوات أمام المتمردين الذين كانت حركتهم فوضوية في مقابل أجهزة أمنية وقوات منظمة، حيث سيطرت هذه القوات المتمردة على النظام السوري مساحات واسعة من سوريا.
Russia’s failed efforts to restructure the Syrian army
The Russian military intervention in Syria in late 2015 brought about a clear change in the balance of power in the military, political, and psychological spheres. The Russian military, especially its air force, dramatically tipped the scales in the conflict between the armed opposition, the regime, and the Iranian militias. Moscow’s intervention was also accompanied by a project to regain control over the security and military situation in Syria, but this effort proved far less successful.
الملك عبد الله يصل إلى واشنطن ليبحث عن إعادة توجيه العلاقات مع أمريكا
التقى العاهل الأردني الملك عبد الله الاثنين بالرئيس جو بايدن، ليكون بذلك أول زعيم من منطقة الشرق الأوسط يقوم بهذه الزيارة، متطلعًا إلى إصلاح جوانب العلاقات الثنائية التي تأزمت خلال السنوات الأربع الماضية. وهو سيجد في الإدارة الجديدة فريقًا أكثر ميلًا لوجهة نظره بشأن القضايا الإقليمية عما كان عليه الحال في علاقته مع الإدارة الأمريكية السابقة.
Although it is home to the Horn of Africa’s main transshipment hub, a host of foreign military bases, and a booming local service sector, Djibouti faces a number of major economic challenges, including new and growing competition, dangerous reliance on Ethiopian power and water supplies, climate change, and high levels of debt. This is why Djibouti needs a Plan B for what comes next after the presidency of its long-time leader, Ismail Omar Guelleh, in power since 1999.
The idea for writing this piece came late last Tuesday as feelings ran high — the author’s included — amid scenes of patients’ charred bodies being pulled out from what remained of a burned-out coronavirus isolation ward in Nassiriya. It was originally meant to be a eulogy for those lost to Iraq’s stubborn corruption and chronic mismanagement, but it has since become a eulogy for democracy in Iraq.
Morocco finds on-ramp into EV manufacturing through electronic chip production for Tesla
STMicroelectronics, one of Europe’s leading semiconductor manufacturers, will very shortly inaugurate a new production line in Morocco to manufacture electronic chips for American electric car pioneer Tesla. The production line is the latest example of a larger trend among international firms to look to Morocco as an attractive location for “nearshoring.” Through Rabat’s smart infrastructure investments and careful management of its foreign partnerships, Morocco has already exploited this trend to emerge as Africa’s leading automaker. Now with an auto chip production line dedicated to electric vehicles (EVs), Morocco is positioning itself to become a center for EV production while turning itself into a strategic component of Western semiconductor supply chain resilience.
Mitigating the darkest hour: Lebanon’s struggle for power
Lebanon is steadily plunging into total darkness. Decades of political bickering, weak governance, and vested interests have taken their toll on the power sector and are developing into economic and humanitarian crises. A long-term strategy focused on improving the sector’s governance is needed. In the short term, however, immediate actions such as distributed renewable energy and out-of-the-box financing mechanisms should be taken to avoid the darkest hour.
Guled Ahmed, Mirette Mabrouk, and Mohammed Soliman join host Alistair Taylor to discuss the latest developments for the Grand Ethiopian Renaissance Dam (GERD), Egypt’s African diplomatic outreach, and the creative solutions required to meet the region’s growing energy needs.
The digital space has not only enabled claims to online avatars or alter-egos, it has also ushered in new forms of digital ownership. The explosion of the online marketplace is changing the ways in which art is created, perceived, and owned. If post-internet art propelled artworks into immateriality, Cryptoart, which uses blockchain technology, is creating a new generation of art collectors. Sales of Cryptoart have leaped from over $416,000 in June 2020 to $616 million in the past year, based on data from cryptoart.io.
On the campaign trail and in his first weeks in office, President Joe Biden promised to end the conflict in Yemen. Reflecting a bipartisan Washington consensus, his approach hinged on supporting the U.N.-led negotiating process and pressuring Saudi Arabia to end its active military engagement inside of Yemen.
