Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
As the world shifts toward a more sustainable future, the GCC states are also embracing this profound transition, moving from oil wells to power cells. With their vast resources, strategic location, and commitment to sustainability, the Gulf countries are uniquely positioned to become major players in the global battery supply chain. By embracing the potential of battery technology, these nations are not just preparing for a post-oil future but are actively shaping it.
Lebanon needs a new aid strategy to preserve the country’s ability to one day recover. What is required is a donor strategy that walks on two legs: a first leg that offers a big reconstruction push conditioned on economic and institutional reforms and, in parallel, a second leg that provides urgent support to the Lebanese population.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
A brutal heat wave tormenting Egypt since mid-July, resulting in lengthy and repeated power cuts, has turned into a political liability for President Abdel-Fattah el-Sisi ahead of his expected campaign to run for a third, six-year term early next year.
Syria’s dramatic readmission into the Arab League in May was perceived as a turning point for the country’s fortunes. Although Damascus may have come in from the cold diplomatically, there has been little change on the economic front, where the situation remains dire. Since the start of May, the Syrian pound has lost over 70% of its value and shows no sign of stabilizing.
It has been two months since Turkey’s new economic team took over and some progress has been made. Market normalization has begun and the risk of a balance-of-payments crisis has been reduced. At the same time, however, inflation is gaining new momentum, the budget deficit is sharply worsening, and no reform agenda has yet been announced to tackle these threats.
Recently, a notable trend has emerged among Alawites in Syria’s Assad regime-held areas, including those from powerful families. Writers, journalists, and rank-and-file Alawites have taken to social media platforms to express their deep frustration with the regime’s economic policies and the centralized nature of the dictatorship under President Bashar al-Assad, as well as his wife Asma al-Assad’s outsized influence and corruption linked to her secretive “economic council.”
As a trailblazer in hydrogen diplomacy, Japan is seeking to develop a new pattern of energy interdependence with its longstanding partners, the Gulf Arab states — countries that are promising production bases for and exporters of green hydrogen and ammonia, and whose leaders have come to regard the development of clean hydrogen as an attractive way to diversify their economies.
In the race to manage climate change, the UAE is ramping up its efforts in a bid to accelerate its transition to a green economy. In the first two weeks of July 2023, it published several important documents laying out its actions and objectives, including a revised version of the national climate pledges it made under the Paris Agreement, as well as a number of targeted policies and strategies.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
After 500 days of coping with the debilitating impact of Russia’s invasion of Ukraine, Egypt’s economy is faltering. At the core of the crisis is its fragile food security. Now, the Egyptian economy is fast approaching a tipping point and Cairo has no alternative but to boost its domestic agrifood production. In addition to building out its infrastructure, Egypt must also adopt cutting-edge agritech solutions to improve the water-use efficiency of the crops themselves.
The Jordanian government has sought to further develop the Bethany Beyond the Jordan baptism site in an effort to boost the tourism sector and the broader economy. But striking the right balance between economic, religious, political, and environmental considerations won’t be easy.
During the 500 days since Russia’s invasion of Ukraine, the Middle East avoided a catastrophic food crisis, thanks in part to the Black Sea grain initiative. Russia’s decision to cancel that agreement is raising fears that the return of supply shortages and skyrocketing wheat prices could quickly plunge the most vulnerable countries of the region into crisis.