The main takeaway from the Saudi Aramco IPO in December 2019 is that the Saudi leadership is willing to fully support private investors.
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.
Since the death of its founder Ali Abdullah Saleh on Dec. 4, 2017, the General People’s Congress (GPC) — Yemen’s dominant political party for the past four decades — has faced a test in attempting to reunify its divided wings in Riyadh, Cairo, Abu Dhabi, and Sanaa amid a shifting strategic landscape. The GPC’s factions have competed over the party leadership, failed to elect a transitional leader, and exchanged accusations following the Saudi-brokered meeting in Jeddah in July 2019. Nevertheless, Abu Dhabi and Riyadh’s attempts to revive Saleh’s damaged old political vehicle continue, both politically and militarily.
Absent international pressure, the Iran-backed Houthis have no reason to stop expanding
The Bab el-Mandeb Strait (“Gate of Tears” in Arabic) forms a vital strategic link in the maritime trade route between the Mediterranean Sea and the Indian Ocean via the Red Sea and the Suez Canal. On one side of the narrow strait lies the Arabian Peninsula. On the other is the Horn of Africa, a fragile region that has been plagued for decades by high levels of violence and instability within and across borders, and which in recent years has served as a launching pad for terrorism, piracy, human trafficking, and smuggling operations.
As neighboring regions, the South Caucasus and the Middle East are inextricably intertwined — so much so that the former is sometimes even considered part of the Greater Middle East. While geographical proximity is the strongest driver of interconnectivity between the two regions, geopolitics, business ties, and energy interests also link countries from the South Caucasus and the Middle East and form the basis for important bilateral and regional relationships.
In the immediate aftermath of the assassination of Gen. Qassem Soleimani, head of the Islamic Revolutionary Guard Corps – Quds Force, on Jan. 3, Ayatollah Ali Khamenei warned the U.S. of Iran’s “harsh revenge.” There has been much speculation around the timing, location, and the type (or form) of Iran’s promised revenge. Amin Mohseni-Cheraghlou takes a closer look at the impact of the widely discussed strategy of blocking the Strait of Hormuz.
Just over a year ago, the international community rejoiced in the revival of the UN-led Yemen peace process with the conclusion of the Stockholm Agreement between the Yemeni government and the Houthi insurgency (Ansar Allah), brokered by UN Special Envoy Martin Griffiths. Although the deal marked the first political breakthrough in the peace process since the collapse of Geneva and Kuwait talks under Griffith’s predecessor, the ensuing hurdles in implementation meant that hopes for its success were short-lived. In evaluating the progress on the agreement’s three key components — covering prisoner exchange, Hodeida, and Taiz — it quickly becomes clear that the truism that implementing peace agreements is far more important, and difficult, than concluding them still rings true.
The passing of Sultan Qaboos bin Said al-Said on Jan. 10 truly marks the end of an era.
On Dec. 2, a series of public statements from Emirati and Syrian officials brought widespread attention to the UAE’s rapprochement with Syria. In a video circulated by Russian state media outlet RT, the UAE’s charge d’affaires in Syria, Abdul-Hakim Naimi, praised the “wise leadership” of Syrian President Bashar al-Assad and hailed the Syria-UAE relationship as “solid, distinct, and strong.” Syrian Deputy Foreign Minister Faisal Mekdad responded enthusiastically to Naimi’s comments by praising the UAE for standing by the Syrian government in its war against terrorism.
Following the recent escalation in U.S.-Iran tensions, the threat of Iranian cyberattacks is likely to intensify in the near to medium term. There are three possible fronts where Iran might look to carry out cyber operations: targeting the energy infrastructure of America’s Gulf allies; deploying malware against U.S. private sector companies; and launching disinformation campaigns that would aim to influence public opinion in both the Middle East and the U.S.
The announcement of Sultan Qaboos bin Said al-Said’s passing on Jan. 10 marked the end of an era. Now that the Arab world lost its longest-serving leader, none of the Gulf states has a ruler that was on the throne when the Gulf Cooperation Council (GCC) was established in 1981. Most Omanis have never known another leader and this transition period, marked by three days of mourning, is an emotional time for those in the sultanate.
Thus far, the reaction to Soleimani’s assassination among the Gulf states has been cautious.
Delays in achieving a peace deal will have consequences throughout Yemen, especially if the Houthi’s power remains unchecked.
Since 2017 three separate blocs have emerged within the Gulf. Driven by the region’s divisions, rival power centers, and conflicting interests, the Gulf states are playing an ever-greater role in Palestinian affairs.