Research & Commentary Results

After a difficult year, things finally seemed to be looking up for Turkey’s beleaguered economy in early 2023. But then on Feb. 6 the worst happened: Turkey and Syria were hit by a pair of massive earthquakes, resulting in tens of thousands of deaths and untold damage. How did Turkey’s economy stabilize in second-half 2022, what do we know about the economic impact of the earthquakes, and where might things be headed going forward?

As a condition of its $3 billion loan from the IMF, the Egyptian Central Bank confirmed its pledge to maintain a durably flexible exchange rate. The Egyptian pound quickly and sharply dropped, but economists are cautiously optimistic that Egypt can sustain the current crisis and repay its debts. The government is walking a tight rope, attempting to raise revenues and attract investments without exacerbating the tough living conditions at home.

With the acute impacts of US-Chinese global tech decoupling becoming clearer, MENA is slowly emerging as an important region to watch. Economic and geopolitical ties with the West have long dictated the shape of the region’s digital environment, but more recent great power competition and Middle Eastern countries’ pursuit of economic and technological sovereignty have slowly deconstructed these dynamics.

Key findings from the latest Arab Barometer survey, its seventh wave, reveal that, despite some political gains in several Arab states, clear majorities in the 12 countries in which the survey was conducted still hold traditional views on gender norms.

The lack of a nuclear deal with Iran, the risk of escalating tensions in the Israeli-Palestinian conflict, and the increasingly complex relationship with Turkey are just some of the thorny regional issues facing the European Union. A breakthrough on any of these three issues this year will be exceedingly difficult.

Azerbaijani-Iranian relations have been strained since Azerbaijan’s victory in the 2020 war with Armenia. However, the situation dramatically worsened in the last few months, with Iran holding two large-scale drills near the border with Azerbaijan and accusing Baku of colluding with its enemies and interfering in its internal affairs.

The issue of diversification is difficult but urgent, given increasingly tight global climate policies, the advances of non-fossil technologies, and the limited lifespan of the KRI’s oil resources. Harnessing the region’s natural gas productively is the first step to a cleaner and more diversified economy.

Facing the profound challenge of trying to diversify its energy supply while a destabilizing war rages on in Ukraine, Germany has looked to several Gulf monarchies to forge new energy partnerships. Notwithstanding heated domestic debates over controversial topics such as their human rights record, Berlin should consider a more comprehensive strategic approach toward the Gulf monarchies that encompasses issues beyond energy supply, such as joint efforts in regional integration and development.

Gulf states are collectively investing billions of dollars in developing renewable energy. Yet climate change patterns in neighboring regions, combined with rising average temperatures, could eventually trigger more serious climate migration problems for the Gulf countries themselves.

The Gulf states are often overlooked as indirect beneficiaries of the Russia-Europe energy war. In what ways and to what extent have they leveraged it? Are these benefits sustainable?

The challenge of developing export strategies for the offshore natural gas resources concentrated in the Eastern Mediterranean predates the Russo-Ukrainian war. Yet over the course of 2022, Europe’s intensifying energy crisis created a new and more immediate incentive to solve those export challenges, despite a great deal of work still to be done.

For the past ten years, Italy and Morocco have been two of the most economically dynamic countries in the Mediterranean basin. Morocco’s rise as a manufacturing and distribution hub for companies seeking to nearshore operations close to mature European end-markets, as well as emerging African end-markets, has created new potential synergies for a deeper Italy-Morocco commercial partnership.

While cryptocurrency may offer Iran the opportunity to bypass sanctions and boost trade, it is by no means a panacea for such outcomes and comes with a host of obstacles, such as price volatility, economic uncertainty, energy consumption, and evolving regulation.

Listening to students and young professionals is instrumental in understanding the Ukrainian perspective. A series of interviews, conducted in summer 2022, centered around their identity as Ukrainians, how the war is impacting their lives, and how they viewed Russia and the West before and after Feb. 24, 2022. The participants in these interviews have only known an independent Ukraine, and their negative feelings toward Russia will not improve anytime soon.

A series of damaging Iranian hacks of Albania’s critical digital infrastructure over the summer pushed Tirana to break off bilateral diplomatic relations. Iran has regularly responded to sanctions or perceived provocations through cyberattack campaigns, as was visible in the case of Albania, guilty in the Iranian authorities’ eyes for the accommodations it has given to the anti-regime group MEK .