Research & Commentary Results

As a major center for fossil-based energy production, the Middle East is key to global ESG developments. The region is currently at an early stage of ESG adoption, although holding COP27 and COP28 has provided some initial movement towards mainstreaming climate finance regulations.

This paper investigates the ongoing Libya conflict through the Enduring Disorder paradigm, focusing on the financial and banking sectors, honing in on stakeholder perceptions of the Central Bank of Libya (CBL), its transparency/opacity, and the “narrative wars” over who is to blame for, and who benefits from, Libya’s economic dysfunction, the lack of an annual budget, and the current lack of a quorum on the CBL board.

The unwinding of global food production chains due to the combined shocks of Covid-19 and the war on Ukraine, made worse by the impact of climate change on the food-water-energy nexus, will require the six nations of the western Mediterranean – Morocco, Algeria, Tunisia, Spain, France and Italy – to develop new forms of economic cooperation. An Italy–Morocco partnership on green energy food production can be a model for resilient food production chains.

The next few decades will be crucial for Iraq and the KRG as global changes reshape the energy sector. The push for sustainable development, the Paris Agreement climate goals, and associated efforts in areas like renewable energy, climate change, and environmental protection will bring about a transition across the sector, affecting everything from employment and working patterns to governance.

On Dec. 25, 2022, Algerian President Abdelmadjid Tebboune signed the 2023 budget bill into law. The new finance law lays out unprecedented government spending of $98 billion, the largest state budget in Algeria’s history and a 25% increase from 2022 levels. It also provides clear insight into the authorities’ vision for the future and potential scenarios for Algeria’s direction on the economy and international relations.

Turkey has suffered severely from the two major earthquakes on Feb. 6, 2023. The death toll is a record high, exceeding 45,000. Physical damage from the earthquakes will cost at least $20 billion. GDP growth will be 2.0-2.5% less than forecast before the disaster, adding nearly $20 billion. The combined economic losses due to damaged assets and slower growth expectations may end up being much higher than $40 billion when the government releases a detailed and reliable disaster loss report covering human resources.

It was described as a “significant breakthrough” by a Jordanian official, while Jordan’s Foreign Minister Ayman Safadi said the agreement would ‘’de-escalate violence” if implemented, but just as the details of the one-day security meeting in Aqaba, on Feb. 26, were being announced, it became apparent once more that a rare attempt to bring Israeli and Palestinian officials together, in a bid to contain a spike in violence that was quickly getting out of control, was ill-fated.

The Gulf Arab states, while major oil and gas producers, can play a significant role in supporting global efforts to achieve net-zero goals. They are not only endowed with great potential for renewable energy resources as well as some of the world’s lowest carbon content fuels, but also with, to varying extents, sizable financial resources. Yet, to unlock such huge potential, the Gulf Arab states will need to systematically identify and address the various challenges in their path to net zero.

Although Germany and Israel maintain a close partnership, the German “Zeitenwende” has not yet been perceived there. Dr. Nimrod Goren outlines a German-Israeli partnership oriented towards democracy and peace.

For more than a decade, policymakers in developing countries in MENA have been confronted with high inequality, low growth, rising poverty, and high youth and female unemployment. They now face new challenges as well. This note briefly identifies some of the most important issues affecting the region, relates them to the results of a recent survey of 12 Arab countries carried out by Arab Barometer, and suggests some pathways out of the current quagmire.

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

Amid international efforts to resurrect the fragile peace in Yemen, the Iran-backed Houthi militia is imposing stringent conditions for their return to the negotiating table, demanding that state payments of civil servant salaries also go to their militia members and loyalists through direct deposits, which would bolster both their forces and their transnational allies. While the need to compensate Yemeni civil servants is undeniable, the Houthis’ self-serving demands threaten to undermine any progress toward a lasting peace.

تحليل إقليمي متخصص من قبل باحثي ومساهمي معهد الشرق الأوسط.

Despite massive hydrocarbon reserves, Iraq struggles with chronic electricity shortages. There is a clear need to explore cleaner alternatives, such as renewable energy systems, yet the deployment and integration of these systems would be hindered by the same structural woes that have crippled the electricity sector, and which go far beyond generation issues.

Energy remains at the heart of the geopolitical chessboard. Despite recent advances in the development of renewable energy sources, their share in the energy mix remains limited as oil still meets most of the transportation sector’s needs. The development of renewable energies is not yet able to drastically change this reality.