In an effort to boost its economic competitiveness, Qatar is hedging its bets on emerging technologies. The Gulf sheikhdom, eager to diversify its gas-dependent economy, is cultivating various technological areas, notably artificial intelligence (AI).
President Recip Tayyip Erdogan has sought to dramatically reorient Turkey’s role and relationships in the region. Gradually at first but then abruptly, he has pivoted from the Republic’s historical status as a key member of the transatlantic alliance towards new partnerships – including Russia. Erdogan has consistently aimed for freedom in executing his foreign policy agenda, of which energy concerns are pivotal. It remains to be seen whether this hard-sought autonomy will be limited or expanded by Turkey’s domestic energy needs and its prime position as a hydrocarbon transit state.
COVID-19 presents a major threat to the global economy and the health of millions of people around the world, but its impact on Iran, one of the early epicenters of the outbreak, has been particularly severe.
Egypt’s three top sources of foreign revenue — tourism, remittances, and the Suez Canal — are likely to be hard hit by the crisis.
Despite his support, al-Kadhimi’s path to obtain confirmation of his cabinet from the Council of Representatives is riddled with challenges.
The new cuts will likely not do much to shore up oil prices.
The Middle East is facing an unexpected turning point. The region will not look the same after COVID-19 as it did before it. The geoeconomics and geopolitics of the world are in free fall because of COVID-19, the oil price war, and a severe economic shutdown. For the Middle East and the Gulf monarchies in particular, the oil price war against Russia and U.S. shale and the shutdown of economies around the world have increased the pressure on the Gulf’s already-depleted financial resources, which usually act as a safety valve for the turbulent region.
US support for the Black Sea and the Middle East has been through several phases in recent years, with President Donald Trump’s generals having the biggest impact on policy change. While there has been increased engagement in the region, much more is needed from the US – as well as NATO and the EU – to ensure Black Sea security.
Saudi Arabia’s recent decision to call for an urgent OPEC+ meeting was driven by a simple logic. In spite of its obvious advantages over other oil producers, the kingdom is still taking serious risks as it pursues an oil price war.
The COVID-19 crisis could be deadlier than all the wars and civil wars in the modern Middle East. This should spur regional leaders to act urgently and cooperatively.
The different scenes in Baghdad tell the tale of a future that will, at the very least, present serious challenges, and at the worst could become chronically violent.
This Thursday, a postponed virtual meeting of “OPEC+ and Friends” will determine the level and seriousness of participation in a global oil pact.
Cratering demand for Qatar’s main exports has reduced its income to a fraction of what it was last year, but its nest egg is held in very illiquid assets.
The U.S. government agenda for Central Asia and the South Caucasus has regularly included a multitude of goals. Whereas in the 1990s, U.S. policy focused on state building, economic development, WMD elimination, and democracy promotion, in the 2000s, counterterrorism rose to the forefront of the U.S. agenda.
As Hirak’s primary repertoire of contention has been biweekly protests in key cities, some worry that the COVID-19 lockdown is tolling the movement’s death knell. However, Hirak’s intellectual leaders have long called for supplemental tactics, noting that despite being among the most significant social, political, and cultural phenomena in modern Algerian history, protests alone may no longer be as effective as they once were in extracting meaningful concessions from the regime. Thus, as ill-timed and worrying as this feels for many of the Hirak faithful, the global health crisis may come as a significant political opportunity for the movement.