Egypt’s Suez Canal: A ray of light amid the economic gloom
It’s difficult to overstate the importance of the Canal to the international shipping trade, but it’s importance to Egypt economy is even greater still.
It’s difficult to overstate the importance of the Canal to the international shipping trade, but it’s importance to Egypt economy is even greater still.
Russia acts as a “key if quiet player” in southern Yemen, where its approach has been based on strategic neutrality. The goal has been to position Moscow as a greater stakeholder in mediation between the various Yemeni parties and outside players. Moscow has engaged the Southern Transitional Council, the UN-recognized Yemeni government led by President Abed Rabbo Mansour Hadi, the Houthi rebels, as well as the three main regional powers intervening in Yemen — Saudi Arabia, the UAE, and Iran.
On April 25, the Southern Transitional Council declared self-administration and claimed authority over state institutions in the interim capital of Aden. The declaration demonstrates the region’s volatility, the limited reach of Yemen’s government, and the difficulty of imposing a solution to the problem of secessionism. It is also sparking political competition for Saudi patronage, and all of this poses a major diplomatic challenge for the Saudis.
Climbing unemployment is a major specter for Egypt.
Until a new round of UN talks begins, the cycle of violence on the ground is more than likely to continue.
The April 20 Netanyahu-Gantz agreement legitimized the possibility of an Israeli law that will act as a unilateral annexation of parts of the West Bank to start as early as July 1, based on the controversial Trump Middle East plan. Articles 28 and 29 of the deal condition such annexation on the “consent of the Trump administration” and note that such a move would only be possible if the annexation preserves “the security and strategic interests of the state of Israel including the need to keep regional stability, keep existing peace agreements, and pursue future peace agreements.”
The amendments have been designed to provide relief on both the individual and corporate levels.
Despite the expressed Saudi aim of bringing about a respite in the fighting, there has been little change in the dynamics of the conflict.
MEI senior fellows Mick Mulroy and Eric Oehlerich join host Alistair Taylor to discuss child soldiering, a growing global problem that has a disproportionate impact on the Middle East and Africa. Click here to read their new report, “Begin with the children: Child soldier numbers doubled in the Middle East in 2019.”
This is not the time to hang out the “Mission Accomplished” banner for the MFO. At a nominal cost to the U.S. in money and manpower, for nearly 40 years, the mission has been a phenomenal success. At a time when the U.S. commitment to the region is being viewed with increasing skepticism, the MFO is a prime example of U.S. capacity to organize and lead a multinational effort to support regional security and stability.
During the Munich Security Conference in February 2020, Saudi Arabia’s foreign minister, Prince Faisal bin Farhan, signaled that the Saudi-Houthi backchannel talks were not “ready to move to the highest level.” However, the situation changed following the Houthi ballistic missile attack on Jazan and Riyadh in late March, and on April 8, the coalition’s Joint Forces Command
Egypt’s three top sources of foreign revenue — tourism, remittances, and the Suez Canal — are likely to be hard hit by the crisis.
The Houthis’ lack of interest in halting their military operations could displace millions of civilians in the midst of a potential COVID-19 outbreak, defeating the very purpose of the cease-fire.
On March 26, 2015, the former Saudi ambassador to the U.S., Adel al-Jubeir, announced the beginning of a Saudi-led military campaign in Yemen to curtail Iran’s influence in the country, reinstate the regime of President Abed Rabbo Mansour Hadi in Sanaa, and deter the Iranian-backed Houthi threat. Five years on, however, the objectives of Operation Decisive Storm are far from realized, and the situation on the ground is as volatile as ever.
The Sinai-based Multinational Force & Observers (MFO) will soon celebrate its 41st anniversary. Like most of what the MFO does, recognition will be low key and understated. The MFO has always operated under the radar, but this may soon be changing.