Research & Commentary Results

Russia’s full-scale invasion of Ukraine has destabilized and distressed the entire Black Sea neighborhood. Yet despite the war, or perhaps because of it, strategically important foreign direct investments into Black Sea littoral countries, including from the Gulf, have endured or even grown.

Over the last two decades, the Mediterranean has become an important region. Many scholars, policymakers and analysts have mostly referred to this region from a nexus of security, geopolitics and traditional energy politics. With the war in Ukraine, the relevance of this whole region has increased along the same line. The Mediterranean today is home to some of the most enduring conflicts in the world. New energy resources are being discovered in disputed areas in an environment of intense geopolitical competition over regional leadership and energy routes within and beyond the region.

في السنوات القليلة الماضية، أصبح الدين العام الأردني مصدر قلق سياسي كبير للحكومة والمجتمع الدولي والمانحين الرئيسيين الذين يدعمون عمّان. فقد ارتفع الدين العام بشكل كبير خلال السنوات الخمس عشرة الماضية، مما أثار العديد من التساؤلات حول مستقبل الاستقرار الاقتصادي الكلي في الأردن، وقدرة الحكومة على تمويل مشاريع التنمية.

The blue economy can offer huge potential in climate change mitigation and resilience, given the fact that marine habitats, such as mangroves, tidal marshes, and seagrass meadows, provide significant protection from erratic climate events. MENA countries would benefit from developing the blue economy to aid in reversing natural resource degradation, sustaining inclusive economic development, and building resilience to climate change.

Over the coming decades, the worsening effects of climate change will increasingly displace many millions of vulnerable people in the Middle East and North Africa, and many of these refugees will attempt to relocate to the Global North. To avert such a monumental looming problem requires pragmatic solutions and their swift implementation.

Egyptian fish farmers are facing mounting pressures: Year after year, their fish are getting smaller and less healthy, their production decreases, and they are forced to take out loans they are later unable to pay back. The Egyptian government’s recent efforts to invest heavily in aquaculture, though intended to address future food shortages, may only worsen the position of local fish farmers in the Nile Delta by exacerbating the effects of urbanization and climate change while undercutting prices.

When Saudi Arabia suddenly announced in early April that it would reduce its oil production by 500,000 bpd, followed shortly thereafter by several other OPEC+ members, bringing the total cut to 1.1 million bpd, Japan was greatly concerned. In spite of Japan’s serious efforts to work toward a carbon-neutral society, the country is still heavily dependent on oil, the overwhelming majority of which comes from the Persian Gulf.

Last week’s spring meetings of the IMF and World Bank in Washington, D.C., were an important occasion for financial and economic leaders from the MENA region to meet with their counterparts from these IFIs and major bilateral donor countries. At the same time, they serve as a lead up to the important Annual Meetings that will be held in Marrakech, Morocco, in the fall — the first time they will be hosted by an Arab or African country.

قد يكون التقرير الاقتصادي الإقليمي للبنك الدولي عن منطقة الشرق الأوسط وشمال أفريقيا، الصادر في 6 أبريل 2023، نذيراً بانقسام حاد، سواء داخل المنطقة، مع مسارها الاقتصادي غير المتكافئ والعقبات التي تعترض تنمية رأس المال البشري، أو على الصعيد العالمي، في شكل انقسام بين مصدري الطاقة ومستورديها.

April 22 marks the annual observation of Earth Day, a day dedicated to raising awareness on issues of environmental conservation and protection. Mohammed Mahmoud, director of MEI’s Climate and Water Program is joined by Alicia Dauth to discuss recent global and regional developments regarding the current climate crisis and their implications towards preserving the earth’s environment, with a special focus on opportunities and challenges for the Middle East.

The development of small-scale LNG and the domestic deployment of LNG as a transport and power-generation fuel could help to lower Saudi Arabia’s carbon footprint as well as improve air quality by reducing vehicle exhaust.

The oil and gas sector has been the dominant driver of Qatar’s economy. Over the years, although that sector has remained the major focus of Qatari investments, the emphasis has increasingly shifted towards the expansion of the country’s gas production and LNG export capacity. While the construction boom ahead of the 2022 FIFA World Cup powered the Qatari economy in recent years, income generated by the expansion of the country’s LNG production and export capacity is likely to drive the economy for many years to come — both despite and partly because of the market turmoil caused by the fallout from Russia’s invasion of Ukraine in February 2022.

اقرأ تقرير MEI الأسبوعي الذي يتضمن تحليلات الخبراء للتطورات الإقليمية الرئيسية للأسبوع المقبل.

Mohammed Mahmoud, Director of the Climate and Water Program at MEI, hosts a discussion on a variety of water resource challenges across the MENA region with Malak Altaeb, Megan Ferrando, Orestes Morfin, Youssef Wehbe, Zena Agha, and Andrei Covatariu. Questions on water availability, the relationship between water and conflict, future technologies, and more are addressed in the conversation.

The GCC governments still cover over 40% of the cost of domestic electricity production. Yet, electricity subsidy bills alone do not reflect the full extent of their economic losses. Once the forgone revenues from the export of natural gas and oil used to meet rising domestic energy demand are added in, the total economic cost of the GCC’s electricity is too great to ignore.