Research & Commentary Results

Saudi Arabia has undergone tremendous social change in recent years, but it has struggled to make good on some of its more ambitious financial goals. Much of the promised foreign direct investment has yet to arrive, and the kingdom’s growth agenda has drained its foreign reserves. Most of Mohammed bin Salman’s more eye-catching promises, including futuristic urban megaprojects, remain unfinished.

What these attacks and many others in the region have in common is Iran’s irrefutable involvement. They may have different local contexts and their perpetrators, all loyal to Iran, may have different motivations, but every single one of those attacks was possible only because Iran provided either the weapons or the know-how to assemble and use them.

Three days have passed since the Houthi attack on the UAE, yet there’s still a lot we don’t know about what really happened. Here’s what we do know: The Houthis officially stated that they were the ones who struck Abu Dhabi, and unlike in September 2019 when they made the same claim, this time they might not be lying. Yet this is not enough to help us answer what in my opinion is the ultimate question: to what extent were the Iranians involved in this attack?

يوم 17 يناير/كانون الثاني، نفذ الحوثيون هجومًا آخر استهدف منشأة نفطية إماراتية في أبوظبي، ما أدى إلى مقتل ثلاثة وافدين، وإلحاق أضرار بالبنية التحتية. ظاهريًا، يبدو أنهم يذكَّرون الإماراتيين بمدى ضعفهم وإمكانية الإضرار بهم إذا استمرت الهجمات ضد مصالح الحوثيين في اليمن. وبحسب ما ورد، كانت وسائل الهجوم عبارة عن طائرات مسيرة، وهي أداة بسيطة غير متماثلة متاحة للكثيرين واستخدمها الحوثيون على نطاق واسع في جميع أنحاء المنطقة. لسوء الحظ فإن القصة هنا قد أصبحت مألوفة للغاية وتتطلب استجابة متسقة الآن. ففي نهاية المطاف، من المرجح أن يتم نسخ وتكرار ما أصبح روتينيًا في الخليج في مواقع أخرى.

While a negotiated agreement by the parties to deescalate militarily and return to the negotiating table would be the preferred outcome, there’s little or no reason to believe that the Houthis, who have responded to their losses in Shabwa by escalating their attacks, are yet interested in talking. Rather, by issuing pleas for de-escalation, the international community risks sending the Houthis yet another message that their intransigence, which is the root cause of the humanitarian crisis afflicting Yemenis, will be rewarded by new pressure on the Saudi-led coalition to limit its response to Houthi aggression. In this regard, the Biden administration, with its international partners, risks repeating the failed strategy of 2021.

On Jan. 10, the governor of Shabwa announced its liberation from the Iran-backed Houthis. This victory followed a seemingly successful Houthi military campaign over the past couple of years to expand their influence around the city of Marib, weaken the internationally-backed government of Abed Rabbo Mansour Hadi, and solidify their grasp on strategic northern areas. However, while significant, the victory in Shabwa is unlikely to be replicated in the rest of the country, given the very specific political and regional dynamics that helped to bring it about. Moreover, the Houthis’ drone attack on Abu Dhabi on Jan. 17 presents a further challenge to the advance of pro-UAE forces into Marib.

Long-simmering economic and political tensions between the U.S. and China have continued to spill over into the technology sector, where the two superpowers have made this ever-more vital industry the site of a new Cold War. The acrimony looks poised to only get worse moving forward, potentially leading to a tech decoupling, and 5G is at the heart of it. Some third parties have sought to find a way to navigate this divide and the dilemma is particularly acute for the Gulf states. As they seek to balance their relationships with both Washington and Beijing, several have chosen to stake out their own territory by building an Open Radio Access Network (RAN). This initiative could be a potential solution to the current conundrum that would give states 5G sovereignty in an era of great power competition, with a digital twist.

إن استراتيجية المملكة العربية السعودية لزيادة محفظتها من الأصول النظيفة والمتجددة قد تم تعزيزها في عام 2021، حيث شهدت المملكة العديد من عمليات تمويل المشاريع في قطاع الطاقة الشمسية وأطلقت صندوق البنية التحتية الوطني لتنويع اقتصادها.

Turkey, Saudi Arabia, and Iran have been the main competitors in a struggle over who — and in what manner — should act as the patron of Muslims in the Balkans. These three countries are very different in terms of their historical footprint, economic and political presence, and local networks. What they share, however, is the use of Islam to exert soft power. This paper will discuss how they are seeking to wield influence, how regional actors respond to their overtures, and whether these three countries are meeting their objectives in the region.

Saudi Arabia’s leviathan sovereign wealth fund, the Public Investment Fund (PIF), has recently sold a 5% stake in the Saudi Telecom Company (STC). The firm is the largest and most profitable in the regional telecoms sector. The 3.2B USD sale, completed in early Dec. 2021, is yet another step in Riyadh’s privatization drive as part of its Vision 2030 agenda, and highlights the growing role of the Kingdom’s domestic financial sector.

Saudi Arabia’s strategy to push through its portfolio of clean and renewables assets was further strengthened in 2021 as the kingdom witnessed several project financings in the solar sector and launched the National Infrastructure Fund (NIF) to diversify its economy.

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.

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.

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.

اقرأ تقرير MEI الأسبوعي الذي يتضمن تحليلات الخبراء للتطورات الإقليمية الرئيسية للأسبوع المقبل.