Compounded stress: The impact of the war in Ukraine on the Middle East and North Africa
The rapid evolution of the war in Ukraine and its horrendous humanitarian consequences caught many of us by surprise. The effects of the crisis will materially — although heterogeneously — impact MENA economies, and, sadly, can have a compounding negative effect on food security and welfare across the region.
Connecting Beijing’s global infrastructure: The PEACE Cable in the Middle East and North Africa
One of the most ambitious elements of China’s Digital Silk Road is the Pakistan & East Africa Connecting Europe (PEACE) fiber-optic cable. China has long expressed its ambition to connect the greater Middle East, Africa, and Europe with Chinese fiber optics in order to expand its presence in the region, and Beijing now boasts strategic infrastructure assets in geopolitical hotspots, such as the Pakistani port of Gwadar.
How will the war in Ukraine affect Gulf oil producers?
Although Western countries have managed to limit Moscow’s capacity to export oil, the Arab Gulf monarchies are unlikely to be able to benefit in the near term. This may change in the long run, however.
Getting complicated in a hurry: The implications for Egypt of Russia’s invasion of Ukraine
A week after Russia invaded Ukraine, the economic and political ramifications for Egypt have evolved more rapidly, and comprehensively, than its policymakers would have wished.
The Russia-Ukraine War has Turned Egypt's Food Crisis into an Existential Threat to the Economy
With the outbreak of the Russia-Ukraine war on Feb. 24, 2022, Egypt’s food security crisis now poses an existential threat to its economy. The fragile state of Egypt’s food security stems from the agricultural sector’s inability to produce enough cereal grains, especially wheat, and oilseeds to meet even half of the country’s domestic demand.
Expanding use of e-wallets in Egypt: Strengthening the social contract one transaction at a time
Egypt, like much of MENA, is experiencing an unprecedented digital transformation. Governments throughout the region are embracing emerging technologies, particularly in governance and, increasingly, financial management. Countries across MENA are adopting ICT strategies, such as the ICT Vision 2030 in Egypt. Egypt’s plan aims to develop a knowledge-based society by means of a strong digital economy built on reliable, affordable, and equitable access to digital tools.
The 25-year Iran-China agreement, endangering 2,500 years of heritage
The 25-year strategic cooperation agreement between Iran and China, signed in March 2021, is coming to fruition, sparking debate among Iranians about the potential effects of deepening ties with Beijing.
Roundtable on Energy Transitions in MENA: IDRC-MEI Report
The first International Development Research Centre (IDRC)-Middle East Institute (MEI) Roundtable on Energy Transitions in the Middle East and North Africa (MENA), held on January 20, 2022, explored the challenges and opportunities facing the region as a result of the global energy transition. As it accelerates over the course of the century, this global transition will provide new opportunities for economies to evolve while putting a strain on the current economic model of many nations in MENA.
The smell of the revolution: The prospects for reform under the next Iraqi government
In its first session the new Iraqi government will find on its desk a number of thorny files, which vary in their degree of importance, danger, and urgency. Its first task will be to prioritize them. How it chooses to do so will be shaped by several sets of factors, including intrinsic internal ones, as well as regional and international developments. Its priorities when it comes to the security, economic, and service files will play an important role in determining if the government will be able to remain in office and complete its constitutional term.
Qatar and global LNG: Potential pivot from Asia to Europe?
The global LNG landscape is changing, and while Qatar will continue to be a major LNG exporter, it will briefly drop to third in the global rankings until planned expansion projects come on stream in the middle part of the decade. Strategically, Qatari suppliers may opt to change their market supply profile, which will have a knock-on effect on the global market, both LNG suppliers and buyers.
Balancing the books: A deep dive into fiscal policy and diversification in Oman
This policy brief provides a deep dive into the far-reaching and interrelated policies imposed by the government to reduce the country’s deficits, debts, and reliance on hydrocarbons.
Lama Kiyasseh and Lina Osman join Karen Young, director of MEI’s Economics and Energy program, to discuss how sustainable finance is changing the region by channeling financial resources toward addressing environmental and social challenges.
