Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
The Ukraine grain export deal, which Turkey helped mediate over the summer, was saved last week to much fanfare; but the central unaddressed issue remains lifting Russia’s illegal blockade of Ukrainian ports, so Ukraine can freely trade with the world.
The 22nd Shanghai Cooperation Organization (SCO) summit in the Uzbekistani city of Samarkand this past September turned out to be a boon for Iran’s regional policy. Not only was the Islamic Republic extended a roadmap to join the grouping, but the meeting also offered a convenient opportunity to revive and strengthen ties with Uzbekistan.
As protesters’ slogans and chants have made clear, the current protests are definitely not about the economy, but about opposition to the regime more broadly and its political and social oppression. Yet Iran’s economic problems have created an atmosphere that encouraged and fueled protesters’ anger and have done nothing to help the regime.
Expert regional analysis by MEI scholars and contributors.
Strains in the U.S.-Saudi relationship do not paint a full picture of the Oct. 5 decision.
Under current, highly unpredictable market conditions, it is unreasonable for OPEC to make sharp movements to saturate the oil market or withdraw a significant number of barrels from it to meet divergent Western interests of lowering prices and punishing Russia.
Rabat’s recent announcement that it would soon sign an agreement for the construction of a “gigafactory” to make electric vehicle (EV) batteries has placed Morocco in pole position to become a green mobility leader in the Middle East and North Africa.
In June, Iran and Venezuela signed a 20-year road map on cooperation. As much as Iranian President Ebrahim Raisi has wanted to differentiate himself from his predecessor, his Venezuela policy has so far closely resembled that of Hassan Rouhani during the latter’s second term.
After achieving respectable growth in 2021, the GCC member states now face the risk of monetary (over) tightening due to the need to follow the U.S Federal Reserve’s interest rate adjustments. These increases are not warranted, however, as the GCC economies currently face relatively moderate inflation. Instead, they should use the available fiscal space to mitigate the negative fallout of monetary tightening and make greater use of PPPs for future infrastructure development.
Egyptian President Abdel-Fattah el-Sisi’s recent, six-day European tour, which took him to Germany, Serbia, and France, aimed to boost his image and status as a central player on the world stage despite widespread criticism of his regime’s human rights record.
Iranian-Turkish trade and economic cooperation has been the all-important platform on which otherwise often tense bilateral relations could survive. With trade and economic ties now weakening, their geopolitical rivalry could sharply re-intensify.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
Russian President Vladimir Putin’s July 19 visit to Tehran will have important repercussions for the region’s evolving security environment as well as the trajectory of Iranian-Russian relations more specifically. Although officially billed as seeking to revive the “Astana peace process” on Syria, the significance of the trip has less to do with the trilateral meeting between Iran, Russia, and Turkey and more with the deepening of ties between Moscow and Tehran.
The deepening partnership between Germany and Morocco has been driven by the private sector, providing an enduring foundation for cooperation. During the 2021 diplomatic crisis over Berlin’s position toward Rabat’s autonomy plan for the Sahara region, German-Moroccan business-to-business relationships remained largely unaffected. The fraying of global supply chains is bringing now Germany and Morocco into a closer economic partnership. The sudden supply shocks caused by Russia’s war against Ukraine have accelerated that process. In the years just prior to the COVID-19 pandemic, global supply chains were already shortening as companies and countries in Europe placed greater emphasis on resilience rather than on just-in-time inventories serviced by distant Asian suppliers. This structural transformation meant bringing sourcing and manufacturing closer to European end-markets. The drive to “nearshore” while maintaining a competitive advantage has provided an impetus to German and other international firms to locate manufacturing facilities in Morocco, which has focused on cultivating an appropriate business ecosystem.