A closer look at the impact of domestic and international developments on Algeria’s agenda as the country prepares for a complicated and critical presidential race in December 2024.
In 2017, Saudi Arabia’s Public Investment Fund and a number of Jordanian banks established the Saudi-Jordanian Investment Fund to channel $3 billion into the Jordanian economy. Two SJIF projects provide relevant case studies of the challenges facing Jordan’s broader efforts to attract more FDI and drive economic development.
The current escalation between Israeli and Hezbollah forces necessitates immediate action from the international community to prevent a widening of the Gaza war, and the US is positioned in a leadership role to mollify tensions, beginning with diplomatic actions to stabilize the Lebanese-Israeli border, helping to pacify the broader region as a result.
Gen. Qamar Javed Bajwa orchestrated a paradigm shift in Pakistan’s traditional geostrategic focus, transitioning from geopolitics to geoeconomics. His successor, Gen. Asim Munir, in command of Pakistan’s military for the past year, now faces the challenging task of turning Gen. Bajwa’s unrealized vision into a reality, a goal that requires cultivating positive interdependence and multi-alignment with a diverse range of partners, while also ensuring domestic stability.
At the September G20 meeting, host country India, along with the United States, the European Union, France, Germany, Italy, Saudi Arabia and the United Arab Emirates (UAE), signed a memorandum of understanding, a non-binding commitment to work towards building two separate “corridors”, essentially envisioning a political line that is connected by some new and some existing, or already under construction, physical infrastructure.
The Oct. 7 Hamas attack against Israel and the latter’s ongoing military operation in Gaza have stalled progress in the development of the India-Middle East-Europe Economic Corridor and raised questions about its prospects for eventual completion. The IMEC faces multiple viability challenges, but none of them are insurmountable; thus, its participants are unlikely to abandon it.
As the war in Gaza continues to unfold, essential questions about Russian and Iranian support for Hamas remain. They include whether Russia played any role in providing support to Hamas ahead of its Oct. 7 attack on Israel. Evidence available from foreign-language publications in Russian, Persian, Arabic, and Hebrew, as well as those in English, provides provocative leads, which, if accurate, have serious potential implications.
A long courtship
The renewed violence in Gaza could not have come at a less opportune time for the climate agenda in the Middle East. From energy economics to environmental degradation, the ripple effects of conflict will complicate the path ahead.
The following quantitative analysis explores the core of Israel’s strategic airstrikes in Syria between 2013 and August 2023, a critical aspect of its defense policy during this time, aimed at mitigating Iranian influence in the region and protecting its national borders.
Outside of the security risks brought about by war, the Israel-Hamas conflict has yet to result in major changes in the regional natural gas market.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
As we watch the war in Gaza develop, we must not lose sight of the stark challenges the Israeli military is facing. Modern urban combat is always bloody and grueling, and the devastation it wreaks is gut-wrenching to watch. But in Hamas, Israel is facing a particularly formidable foe.
In recent years, China’s presence in Egypt’s strategic ports has grown noticeably, including the involvement of both private and state-owned Chinese companies. While this reflects Beijing’s growing ambitions in the region, the opacity of the Sino-Egyptian agreements and the blurry lines between China’s commercial ports and its military aspirations raise questions about the potential implications.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.