Exploring the feasibility of the Jordan-Israel energy and water deal
On Nov. 22, the Dubai Expo hosted an event where the United Arab Emirates (UAE), Jordan, and Israel signed a cooperation agreement that would broker an exchange of renewable energy and water between Jordan and Israel. The signing of the agreement between the respective minsters of the three countries took place in the presence of Abu Dhabi Crown Prince Mohammed bin Zayed and U.S. Climate Envoy John Kerry, who played a role in getting the deal done.
The events of recent months, including a series of critical statements by international players about the reluctance of OPEC+ to raise output beyond its established quotas, have clearly demonstrated the changing realities in the oil market. In addition to global uncertainty, the dynamics between Saudi Arabia, Russia, and the U.S., as well as the actions of Asian oil consumers, have become other key factors shaping the cartel’s behavior.
Gerald Feierstein, Afshin Molavi, and Courtney Freer discuss the state of the United Arab Emirates as the country celebrates its 50th anniversary, including its history, economic development, and domestic and regional policy objectives.
Dust in the Cloud: The Future of Data Governance in the GCC
As the countries of the Gulf Cooperation Council (GCC) work to transform from hydrocarbons-driven to data-driven economies, they will need to make significant and well-planned invest-ments in digital infrastructure, particularly when it comes to the complex issue of data govern-ance. They must take the lead in establishing regulatory and legal frameworks aligned with international standards in terms of data gathering, processing, and storing procedures. This report highlights the existing laws and regulations that govern data protection in the GCC while addressing their potential and limitations, along with the similarities and differences between the GCC’s legislative frameworks and the EU’s General Data Protection Regulation, and the impact of the GCC’s current data protection laws on individuals, the private sector, regulators, and governments.
Beyond the Bedouin path: The evolution of Emirati national identity
The UAE will celebrate the 50th anniversary of the qiyam al-dawla (establishment of the state) and qiyam al-ittihad (establishment of the federation of seven emirates) on Dec. 2. Since 1971, the Emirati political elite has addressed the complex responsibilities of building a functional bureaucratic apparatus while shaping the nation’s identity. An oil-based model informed this state-building process and the expectations of citizens for decades, but the country now faces a more complex environment. New challenges such as the growing youth population, the drive toward sustainability, and changing patterns within the global economy affect the current Emirati political agenda; however, the UAE leadership must balance the urgent search for innovative strategies with Emirati haweeya al-watani (national identity) and turath (heritage).
Energy Prospects in the Gulf: The Oil Price Ascent, in Brief
While oil prices have rebounded before soaring since the depths of collapse in the spring of 2020 — with Brent crude prices skyrocketing from $19 per barrel in April 2020 to a three-year high of $86 per barrel in October 2021 — the prospects for a sustained high oil price for Gulf producers is unlikely.
A personal vantage point on the gamble of the Abraham Accords: Dubai’s first international backgammon championship
Jason Pack on the 2021 Oasis Backgammon Championship, the first major international backgammon tournament to be hosted in the Arab World in recent memory, and how it reflects broader changes in the Middle East.
Integrated Air and Missile Defense Will Enhance Security in the Middle East
Integrated air and missile defense will make America’s partners in the Persian Gulf safer and bolster America’s policy against Iran. It’s past time to make IAMD a priority.
Mohammed Alsulami and Kasra Aarabi join Banafsheh Keynoush to discuss the latest talks between long-time regional rivals Saudi Arabia and Iran. Several rounds of talks between Riyadh and Tehran been held in Baghdad since April. They are taking place amid a broader regional trend toward deconfliction and as negotiations in Vienna over the revival of the 2015 Iran nuclear deal appear to have bogged down.
The kingdom is unlikely to achieve net zero emissions soon, but the ambition to do so, and the plan, is an impactful step in the right direction, write Jim Krane and Karen E. Young in their new piece for Al-Monitor.
Iran is a neighboring country for Saudi Arabia and we from the Gulf states respect its people and culture, sharing many similarities as nations throughout different historical periods. However, there are, unfortunately, profound disagreements that have significantly increased since the 1979 revolution because of Tehran’s foreign policy approach based on ideological promotion and projection.
Century-old grievances continue to fester in Yemen’s Tihama region
Grievances have been piling up unaddressed in Tihama, Yemen’s Red Sea coastal plain, for almost a hundred years. Since the revolt of al-Zaraniq against Imam Yahya Hameed al-Din of the Mutawakkilite Kingdom (then North Yemen) in 1925-26, consecutive Imams and the republican elite have pursued policies that have systematically marginalized the Tihamis. They have been deprived of a fair share of their region’s wealth, as well as opportunities for equitable power-sharing and economic empowerment.
Mega-projects and Small Enterprises: Understanding Saudi Arabian Banks’ Role in Economic Development
Vision 2030 promises a transformation of Saudi Arabia’s economy, and the financial sector will be crucial to achieving this. The sector will facilitate private investment focusing on small and medium-sized enterprise (SME) financing, fund mega-projects, and be a driver for diversifying away from oil. As a result, banks’ role must go from being distributive and largely passive to developmental and active. This article will highlight how the role of the Saudi banking sector has been transformed in the last five years and how its composition is changing to cope.
