So far, Saudi Arabia’s push for OPEC+ restraint appears to be working. If projections of a gradual demand recovery in 2020 are accurate, the Saudis should be able to reaffirm their centrality as market stabilizers.
This week’s briefing on recent news and upcoming events in the region featuring Seren Selvin Korkmaz, Marvin G. Weinbaum, Mirette F. Mabrouk, Robert S. Ford, and Nilsu Goren.
Having given Yemen’s Houthi rebels control over the ports of Hodeida governorate on humanitarian grounds as part of the December 2018 Stockholm Agreement, the international community has failed to address the looming environmental, economic, and political threats presented by the decaying Safer oil tanker sitting offshore — a “floating bomb” waiting to explode.
Since Yemen was first hit by the coronavirus in April, the southern port city of Aden has gone on to become the epicenter of COVID-19 in the country. While the number of cases and deaths remains low, the situation on the ground in Yemen is far more complex than the official numbers suggest.
When OPEC+ ministers hold their next monthly meetings on July 14-15, the Saudis are likely to be a strong voice pushing for the continuation of production limits, for both economic and political reasons.
During three major crises, each happening under a different administration, the U.S.-Gulf partnership failed to effectively address the security concerns of the Gulf states. While no partnership is perfect, such major and persistent breakdowns in coordination among longstanding security partners are uncommon, and can be deadly if left unresolved.
This week’s briefing on recent news and upcoming events in the region featuring Dara Conduit, Marvin G. Weinbaum, Mark Heller, Syed Mohammad Ali, Gonul Tol, and Guled Ahmed.
On April 2, 2020, the Houthi version of Saba News Agency in Sanaa announced the first coronavirus case in Yemen, but shortly afterwards it retracted the news and the deputy chairman of the agency’s board of directors was fired. Many Yemenis had hoped the Saudi-led coalition’s blockade of the country and its resulting isolation might have helped to prevent an outbreak.
Leaders of Arab Gulf regimes now decry the attempt to implement the vision of the Israeli Right, which aims to prevent the establishment of a Palestinian state. But it is exactly the policies of the Arab Gulf regimes, through their normalization of ties with Israel at the expense of the Palestinians, that directly contributed to the rise of the Israeli Right and made this annexation more likely.
Today marks almost three months of a global shutdown to curb the spread of the COVID-19 pandemic, and the Middle East and North Africa region faces a double whammy from the resulting economic fallout and the sharp decline in oil prices this spring. While Egypt is rightly focused on its short-term response to the crisis, it should take advantage of the international and regional shock caused by the pandemic to change its growth model for the longer term and implement much-needed structural reforms on a variety of fronts.
The lockdown conditions have meant that demand for the services of informal market laborers has declined, leaving them with no means of making a living and no form of insurance or savings to fall back on.
As MbS approaches three years as Saudi Arabia’s crown prince and, in the eyes of many, the de facto ruler of the kingdom, he remains an enigmatic figure on the world stage.
What happened in al-Awadh illustrates how the tribes are increasingly caught between the brutality of the Houthis and the incompetence of the Yemeni government.
Turkish support for the Tripoli-based Government of National Accord (GNA) in the Libyan civil war has added a new dimension to relations between Turkey and Gulf countries like the United Arab Emirates (UAE) and Saudi Arabia. But what impact have the growing geopolitical divides and diplomatic disagreements had on Turkish-Emirati and Turkish-Saudi economic relations?
How the current twin crises of the global coronavirus pandemic and economic collapse will affect the GCC governments remains an open question.