Gulf economies should use the available fiscal space to ensure a soft landing
After achieving respectable growth in 2021, the GCC member states now face the risk of monetary (over) tightening due to the need to follow the U.S Federal Reserve’s interest rate adjustments. These increases are not warranted, however, as the GCC economies currently face relatively moderate inflation. Instead, they should use the available fiscal space to mitigate the negative fallout of monetary tightening and make greater use of PPPs for future infrastructure development.
When elections don’t matter? How new parliamentarians can improve the politics of power-sharing arrangements
Power-sharing arrangements remain a paradoxical phenomenon. As a powerful tool to stop the guns of conflict, they tend to kill the ingredients for peace by preventing politics from changing. Three countries with such arrangements have recently held elections in which outcomes have — ostensibly — led to such political change. Change, however, has yet to materialize and so far the elections have brought more of a perennial companion of power-sharing arrangements: political gridlock.
Why Washington should provide direct cash payments to the Lebanese army
The considerable financial shortfall experienced by the Lebanese Armed Forces (LAF) over the past couple of years has measurably affected its morale, readiness, and operational capacity. There couldn’t be a worse time for the LAF to potentially fall apart. A series of monumental challenges await Lebanon now that the parliamentary elections are over, all of which demand a modicum of stability that only the LAF can provide.
From rivalry to partnership: Managing climate risks through regional collaboration
Countries across the region face similar climate risks and impacts, but tensions and socio-economic challenges have hampered regional collaboration and collective efforts to tackle climate change. One way to address this problem and to circumvent poor policy coordination is through technical research and knowledge-sharing.
The Dorra Field: Global gas market impact or bellwether for regional relations?
The Dorra Gas Field, located in shallow waters offshore in the northern Arabian Gulf, lies at the junction of competing territorial claims by Kuwait, Iran, and Saudi Arabia. With the growing gas demand in these countries, any production will be absorbed into the domestic network and the impact of production on the global gas and LNG market will be insignificant. However, the development of the field, if it occurs, may serve as a bellwether for regional relations.
Making the most of Iran’s reserves will require it to develop shared fields like Dorra/Arash, a gas field located offshore in the northern Gulf, where Iran must vie with competing claims from neighboring Kuwait and Saudi Arabia. In the past, Iran has often neglected its joint gas fields as a result of sanctions and focused instead on meeting its rapidly growing domestic needs through exploiting non-shared fields, but the country says this must change going forward.
The CMF-153: Rebuilding US-GCC confidence through maritime security
Efforts to restore confidence between the U.S. and the Arab Gulf states took a first step with the recent formation of a new naval task force, known as the Combined Maritime Forces-153 (CMF-153), to improve maritime security in the Red Sea, Bab el-Mandeb, and the Gulf of Aden, including the hotspot of Yemen. Established in mid-April, the new task force intends to target weapons smuggling for Ansar Allah, as the Houthi militias are officially known, as well as human trafficking and the drug trade.
هزینه سنگین حمایت حزب الله برای اقتصاد و امنیت ایران
در جمهوری اسلامی ایران, این فرضیه وجود دارد که حمایت از سازمان حزب الله در لبنان, امنیت و قدرت بازدارندگی ایران را افزایش داده است. در عین حال, شواهد و قرائنی وجود دارند که نتایج انان برعکس این فرضیه را نشان می دهند.
US-Gulf Relations at the Crossroads: Time for a Recalibration
The global response to Russia’s invasion of Ukraine has focused new attention on friction between the United States and its traditional partners in the Gulf and reinforced skepticism regarding the United States’ status as the dominant international partner in the region. It’s time for both sides to identify a realistic way forward that sheds outdated notions of mutual obligation without becoming merely transactional.
In two months, Lebanon is scheduled to hold parliamentary elections in the midst of a continuing economic meltdown and total failure of governance. The outcome of the vote is likely to be disappointing for anyone expecting to elect new leaders capable of reforming Lebanon.
