From Morocco to Afghanistan, the scholars and experts at MEI take a closer look at how the COVID-19 coronavirus pandemic is affecting the Middle East.
The most populous country in the Arab world, with 100 million people straining its seams, Egypt has weaknesses that make it susceptible to a serious outbreak of COVID-19.
Yasmine Farouk and Jean-Francois Seznec join guest host Gerald Feierstein to discuss the past week’s political and economic drama in Saudi Arabia following the detainment of several members of the Saudi royal family and the nation’s launch of an oil price war with Russia, which triggered a massive drop in global oil prices.
Doubts about Saudi Arabia’s internal stability could not come at a worse moment.
If OPEC’s history is anything to go by, everyone suffers from an oil price war.
On March 1, the Iran-backed Houthis took control of the city of al-Hazm, the capital of al-Jawf Province, after weeks of fierce clashes with local tribes and Yemeni government forces. Incompetence, lack of unified leadership, and the absence of a military strategy by the Yemeni government and the Saudi-led coalition have played into the hands of the Houthis.
On Feb. 9, 2020, after five years of involvement in Yemen’s civil war as part of the Saudi-led coalition, the UAE’s leadership celebrated the completion of its phased military withdrawal from the country in a ceremony at Zayed Military City. Although the UAE’s withdrawal has provided an exit strategy from the stalemate in Yemen, it neither suspends Abu Dhabi’s role in the coalition nor curtails Emirati influence on the ground.
There has been a largely overlooked yet significant trend in entrepreneurship in Egypt, the Arab world’s most populous country. Much of this has been concentrated in the country’s two main economic centers, Cairo and Alexandria, but there are also signs of a broader and more inclusive trend. Despite this boom, few start-ups seem to have left much of a mark beyond the early development stages. A lack of access to finance has long been recognized as a key obstacle, yet the approaches taken by the government and international development lenders have proven largely ineffective. If this, along with other obstacles, can be addressed, the country’s nascent start-up scene could become a catalyst for economic development.
The main takeaway from the Saudi Aramco IPO in December 2019 is that the Saudi leadership is willing to fully support private investors.
Egypt’s burgeoning population is one of the biggest threats to its future.
The eastern Mediterranean has become an increasingly important focus for Turkey’s foreign and security policy, but the interlocking of new issues like energy politics and sovereignty rights with old problems like Cyprus has created significant challenges for Ankara.
Over the past 14 months, there have been moments when it seemed like progress was being made toward de-escalation in Yemen, but there have also been significant setbacks as well. Peace efforts thus far have been largely fragmented and frail, and two primary lessons from the past failures have become clear.
The green movement has been slow to catch on in Egypt, but the January announcement by the Egyptian government that it is finalizing plans to launch the country’s first green bonds could provide the financial incentives to further promote sustainable development. “Sustainability” is one of the fastest growing sectors globally, estimated to reach as much as $12 trillion annually by 2030.
As Egypt’s presidency of the AU comes to an end, it will have to maintain its focus on Africa to prove that it was not a one-time effort.
Reuters reported on Jan. 30 that the FBI has been investigating Israeli spyware firm NSO Group since 2017. The revelation comes after Sen. Chris Murphy and UN Special Rapporteur Agnes Callamard called on the U.S. to investigate the apparent hacking of Amazon CEO Jeff Bezos’s phone by Saudi Crown Prince Mohammed bin Salman. In its statement, the UN identified NSO Group as a likely source of the malware.