الاقتصاد

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.

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.

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.

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.

The following article addresses the question of how the Middle East might develop in the coming decade. Long-term and detailed strategic predictions are a thankless task and are often doomed to failure. Therefore, this article refrains from attempts at prophecy but deals instead with “thinking about the future.” It opens with an analytical framework for scenario development, supplemented by “trends impact” and “horizon scanning.” The second section studies “the futures of the past,” in terms of what we might learn about the pitfalls of future projection and scenario-building from those outlining possible futures for 2020 from years past. Then, on the basis of the first two sections, four scenarios elaborate some distinctly different pathways that the Middle East might take to 2030. Finally, the article concludes with several key takeaways for Israeli decision makers.

Iran’s attempts to achieve cyber dominance both within the MENA region and around the world have been well documented, particularly its efforts to spread pro-Iranian messaging and “tell Iran’s story.” This strategy is shaped by the challenging international context facing Tehran, which is suffering economically under U.S. sanctions and largely constrained from purchasing weapons under a recently expired U.N. arms embargo.

On Feb. 3, Russian Foreign Minister Sergey Lavrov hosted his Jordanian counterpart Ayman Safadi in Moscow. After their meeting, Lavrov emphasized Russia and Jordan’s shared positions on Syria, Gulf security, and Israel-Palestine.

For years, Lebanon has suffered from chronic electricity shortages, and repeated attempts to resolve the crisis have failed. None have been able to surmount the political impasse that blocks every reform effort in the country.

Abdelmadjid Tebboune’s rise to the presidency was supposed to bring a degree of predictability to Algeria’s military rulers. But since he was pronounced the winner of the presidential election in December 2019, the regime has entered a new phase of uncertainty. The COVID-19 pandemic, continued dissent, political volatility, and deepening economic malaise have affected the ruling oligarchy’s calculations. Two years after the start of Algeria’s popular uprising, known as the Hirak movement, the country is stuck in the same impasse it has faced since 2019.