The subject of extensive international interest and attention over the past few years, blockchain technology is regarded as a key component of the fourth industrial revolution. This article seeks to shed light on the use of blockchain technology in the Gulf states by analyzing current trends of blockchain adoption in the region compared to those internationally. In so doing, it will determine Gulf institutions’ capacity for keeping pace with the changes and developments blockchain adoption has introduced.
Kuala Lumpur summit: A challenge to Saudi leadership?
On Nov. 23, Malaysia’s prime minister, Mahathir Mohamad, announced that his country will stage an Islamic summit in Kuala Lumpur from Dec. 19-21. The event, on the theme of “The Role of Development in Achieving National Security,” will feature representatives from the host country as well as Indonesia, Pakistan, Qatar, and Turkey. Around 450 leaders, scholars, clerics, and thinkers from 52 countries will attend, along with Turkish President Recep Tayyip Erdoğan, Qatari Emir Sheikh Tamim bin Hamad al-Thani, Indonesian President Joko Widodo, and Pakistani Prime Minister Imran Khan.
Cautious optimism that the Riyadh summit will open the door to ending the intra-GCC dispute
The leaders of the six GCC member states will meet in Riyadh on Dec. 10 amid signs that the 30-month-old confrontation with Qatar by the self-described “Anti-Terror Quartet” is diminishing.
The 12-country Gas Exporting Countries Forum (GECF), which held its latest meeting in Equatorial Guinea on Nov. 28, has never had OPEC’s ability to control energy prices, but that is likely to change as liquefied natural gas (LNG) transforms the gas market from a regional to a global one.
Hezbollah and Amal change tactics and ratchet up violence amid ongoing protests
While Hezbollah has largely remained immune to criticism, owing to its widely perceived role as an effective resistance movement against Israeli aggression, the powerful Iran-backed Shi’a militia and political party is now viewed by many demonstrators as part of the corrupt and morally bankrupt political establishment that must be replaced. Against this backdrop, supporters of Hezbollah and its Shi’a ally the Amal Movement have been quick to resort to violence.
Bringing Social Class into Humanitarian Debates: The Case of Northern Lebanon
Cities are commonly regarded as the primary places where class economies become layered and articulated; however, the debates on “urban humanitarianism” have neglected social class as a key factor that significantly marks the relationship between aid providers and recipients in settings of aid provision. The small city of Halba, in northern Lebanon, vividly illustrates how the class economy has tacitly been shaping humanitarian programming and how the very presence of humanitarian actors on the ground reinforced the pre-existing class-based inequality.
Leveraging the Current Uprising for Sustained Political Change
The nationwide protests are the most significant domestic political development in Lebanon since the end of the civil war. It would be useful to examine both the short and long term political potential of this new awakening.
In the short term, the protests have already mobilized the power of the public to bring down a corrupt and ineffective government, and to gain great leverage on the rejection or acceptance of any new government. They have also raised urgent national demands and forced the ruling class to confront these demands.
On a recent trip to my native Lebanon I looked on its ongoing, unprecedented protests with both wonder and worry. The country is a month into widespread anti-government demonstrations. The protests’ scale ebbs and flows but the relative calm during my stay had a fleeting if not sinister quality to it. That calm is unraveling. However this chapter of Lebanon’s history unfolds, this complicated country has changed irreversibly.
Traces of the 1979 assault on the Grand Mosque still roil the Middle East today
Four decades on, echoes of the November 1979 assault on the Grand Mosque in Mecca continue to reverberate. Coming on the heels of the Iranian revolution and days after the Iran hostage-taking, the Mecca attack, carried out by a group of several hundred Saudi extremist Islamists declaring a new Mahdi, shocked the Sunni world and pushed Muslims in a far more conservative direction.
The Saudi Aramco IPO: Short-term success, long-term loss
The Saudi Aramco IPO got started this Sunday morning with shares priced at SAR 30-32 ($8-8.50) each, valuing the company at $1.7 trillion, $300 billion below the original estimate. The lower valuation has been expected for some time by most investment banks and many financial analysts. The proceeds are expected to fund the Public Investment Fund’s forays into non-energy-based companies, advanced technologies, and even robot-filled cities.
Lebanon protests enter their second month amid stalemate and uncertainty
In Lebanon, the protests have entered their second month with contending parties stuck in a stalemate that is not hurting enough to incentivize concessions from any party. Ruling elites are at a loss what to do.
Nadine Labaki receives 2019 Issam M. Fares Award for Excellence
Oscar-nominated Lebanese film director Nadine Labaki received the 2019 Issam M. Fares Award for Excellence at MEI’s 73rd Annual Awards Gala on November 12 in Washington, DC.
Lebanon’s popular uprising seems to be moving into a long and painful standoff between, on the one hand, a new generation along with a wide spectrum of the population demanding wholesale accountability and profound change, and on the other a ruling class mired in an interdependent web of corruption, intent on protecting its interests and waiting out the populace.
