Saudi Arabia looks abroad to LNG and petrochemicals to hedge its bets
In late May, Saudi Aramco signed an agreement to buy 5 million tons per annum of liquefied natural gas (LNG) from San Diego-based Sempra Energy’s planned LNG terminal in Port Arthur, Texas. The deal exemplifies Saudi Aramco’s determination to boost the share of LNG and petrochemicals in its portfolio before its long-awaited public offering in 2021.
In this week’s Monday Briefing, MEI experts Birol Baskan, Eran Etzion, Alex Vatanka, and Marvin G. Weinbaum provide analysis on recent and upcoming events including recent regional summits in Mecca to discuss Iran and the Qatar crisis, Benjamin Netanyahu’s gambit to retain power in Israel, and escalating hostilities between the Pakistani military and the Pashtun Tahaffuz Movement.
Over the past few months, an awkward courtship has been going on between Iraq and its two most polarizing neighbors, as Tehran and Riyadh attempt to convince Baghdad of the merits of their respective orbits. While both sides make compelling points, the fact is that Iraq is exceedingly happy to occupy the middle ground, geopolitically and economically, between the two regional powers.
The recent arrest in Turkey of two suspects accused of spying for the United Arab Emirates highlights the growing divide between the two countries. Although the original cause of the rift – diverging views of the Muslim Brotherhood – has become less relevant in recent years, the enmity between the two nations endures.
Car Bombs as Weapons of War: ISIS's Development of SVBIEDs, 2014-19
The suicide vehicle-borne improvised explosive device (SVBIED) has been one of ISIS’s most powerful and versatile weapons. The group consistently adapted its SVBIED designs based on operational environment and other factors, with modifications in armor, payload organization, color, and detonation technology. ISIS’s research and development of SVBIED technology presents a continued threat, even after the collapse of the territorial caliphate, due to the group’s ability to share and export its designs, enabling nascent ISIS provinces halfway around the world to launch powerful attacks on unsuspecting communities.
Examining India’s relations with Qatar provides a lens through which to illuminate Delhi’s goals and approach to West Asia at a time when the Gulf countries are mired in tensions and controversies.
Russia looks to the Middle East to boost arms exports
According to SIPRI’s recently published annual report, Russia’s share of global arms exports shrank by around one-fifth over the last decade, falling from 27 percent to 21 percent, while the U.S. share increased from 30 percent to 36 percent, widening the gap between the two major arms exporters. As Russia looks to reverse this decline, it is focusing on the Middle East, the world’s second-largest and fastest-growing arms market, as a way to boost its exports.
Until two decades ago, Central Asia was a Russian playground. With increasing investment from the Gulf and China, however, the landscape has changed. The UAE, specifically, has recently been vying to play a larger role in this muslim-majority region through large investments in infrastructure.
In this week’s Monday Briefing, MEI experts Robert S. Ford, Mirette F. Mabrouk, Nathan Stock, Marvin G. Weinbaum, and Jean-François Seznec provide analysis on recent and upcoming events including the government shakeup in Algeria, Egyptian President el-Sissi’s visit to Washington, rocket attacks from Gaza, Imran Khan’s war against poverty, and a $69 billion merger between Saudi Arabia’s oil and chemical giants.
Lavrov’s Gulf trip highlights Russia’s growing regional role
Russian Foreign Minister Sergei Lavrov made a four-day trip to the Gulf in early March, stopping in Qatar, Saudi Arabia, Kuwait, and the UAE as part of a broader effort to boost Moscow’s ties with the region. Although the Gulf monarchies are traditionally considered of some of the U.S’s closest allies, relations between Russia and the Gulf have improved in recent years and there is potential for further cooperation going forward.
Saudi Arabia’s financial markets and economic development
Jean-François Seznec and Samer Mosis, authors of “The Financial Markets of the Arab Gulf: Power, Politics and Money,” join host Alistair Taylor for a deep dive on Saudi Arabia’s financial markets and the challenges facing its economic development.
Saudi crown prince’s Asia trip showcases checkbook diplomacy and a more assertive foreign policy
Saudi Crown Prince Mohammed bin Salman has wrapped up another round of checkbook diplomacy, showering up to $100 billion on Pakistan, India, and China during his visit to the three countries in late February. The trip was important for another reason as well: It showcased a new Saudi strategy of playing a more assertive foreign-policy role far beyond the Middle East.
In this week’s Monday Briefing, MEI experts Randa Slim, Robert S. Ford, Marvin G. Weinbaum, James P. Farwell, Emadeddin Badi, Guney Yildiz, and Jean-François Seznec provide analysis on recent and upcoming events including Iranian President Hassan Rouhani’s visit to Baghdad, reconstruction efforts in Syria, the crackdown on militant Islamists in Pakistan, Iran’s cyber attack capabilities, upcoming elections in Libya, Turkish-Egyptian tensions, and Qatar’s $12B loan from bond markets.
