Research & Commentary Results

For many years, the United Arab Emirates (UAE) has thrived as a result of its ability to attract talent from abroad. On Jan. 30, 2021, Sheikh Mohammed bin Rashid al-Maktoum, the vice-president and prime minister of the UAE and ruler of Dubai, announced on Twitter[1] an amendment to the law that is designed to entice and retain foreigners by permitting a select group of expatriates to become Emirati citizens without giving up their original nationality.

It is time for Egypt to put a price on carbon. While Cairo has taken small steps toward developing a sustainability plan, it needs a bold idea to stop rising carbon emissions. Establishing a carbon exchange — or putting a price on carbon — would be good for the country and help make Egypt an environmental leader in the region.

For the past 18 months, Lebanon has been reeling from a wrenching economic crisis. This essay deciphers the crisis’s origin, describes the current juncture, and reflects on the likely outcomes in the proximate future.

The aim of COP21 in Paris was to establish global consensus and a binding agreement for climate change mitigation. And it did so, setting a goal to limit global warming to “well below 2 degrees Celsius” compared to preindustrial levels while pursuing efforts to stay even within the 1.5 degrees Celsius threshold.

The Middle East Institute and the American Task Force on Lebanon (ATFL) have collaborated with the Lebanese International Finance Executives (LIFE) to produce an urgent Lebanon-focused policy brief. The brief outlines recommendations to the Biden Administration for empowering an international coalition to support the Lebanese people and strengthen their capability to promote real change.

The foreign policy priorities of President Joe Biden suggest greater commitment to NATO Allies and decisive steps to counter Russian subversion in Europe.

Recent moves by Chinese tech giants have raised concerns in Washington about Beijing’s technological outreach to developing nations. To stem the international growth of these companies, the U.S. has discouraged countries from adopting Chinese technologies through efforts like promoting the Clean Network Initiative. Countries across the globe often must choose between Chinese or Western technology, and these choices have broad implications.

Out of ill-will and incompetence, Lebanese decision-makers continue to violate macroeconomics’ most fundamental principles in their handling of Lebanon’s financial meltdown. Erroneous — or worse still, inexistent — fiscal and monetary policy choices are amplifying by the day the devastating socioeconomic repercussions that the country will face for years, if not decades, to come.

Black Sea Connectivity in the South Caucasus is the latest report from MEI’s Frontier Europe Initiative. Dr. Mamuka Tsereteli, explores the potential for greater trade connectivity between Europe and wider Central Asia via the Black Sea and the South Caucasus.

As the Syrian conflict reaches its 10-year anniversary, the economic consequences of a decade of war have been nothing less than catastrophic. Instability and inflation are likely to remain major problems over next 10 years — and possibly well beyond — but for now they have created a new level of despair in government-held areas. The Syrian economy has entered its most fragile phase yet and the prospects of a serious recovery remain all but a distant hope as the fiscal challenges confronting the country far outweigh the meagre remedies on offer.

After last year’s much-publicized spat between Pakistan and Saudi Arabia — culminating with Riyadh’s demand for early repayment of $3 billion in loans meant to shore up Islamabad’s foreign exchange reserves — tensions between the two countries have since cooled. Pakistan and Saudi Arabia appear to be in the midst of a reset of relations.

Kuwait is stuck in a major predicament. The government continues to engage in significant deficit spending, even as its readily available funds dwindle, while political gridlock limits the government’s ability to replace those shrinking financial resources.

While the security relationship between Russia and Turkey has seen ups and downs throughout the years, energy ties have remained stable. But Turkey has made strides toward reducing its dependence. Changes in global energy markets have tipped the power away from producers toward consumers like Turkey, which have greater room for maneuver. Turkish interests remain largely aligned with those of the West, even if Ankara sees itself as an independent player which has links to both Russia and the EU and the US.

Today, there are five conflicts that share similar features in the Black Sea. That is, they are protracted, separatist Russia-supported frozen and active conflicts in the former Soviet space. Deeply rooted in the history of Soviet territorial reorganization and ethnic mixing, conflicts in Transnistria (Moldova), Crimea and Donbas (Ukraine), and Abkhazia and South Ossetia (Georgia) are the result of violations to state borders that were integrated into the Soviet system.

Writing in 1993, Lillian Craig Harris observed that “for China, economic power, not armed conflict, had become the most important factor in the struggle to gain independence, power, and status.” Fast-forwarding more than a quarter-century, this statement is now more true than ever, especially in the MENA region, where economic ties between MENA and China have grown stronger by the year.