Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
The state of Israel and the terrorist group Hamas are engaged in an existential conflict, each threatening the survival of the other, as well as the survival of civilians, both Palestinian and Israeli, caught in-between. The conflict could widen into a regional or even global crisis. For energy markets and the global economy, the risks are considerable and could swerve or accelerate in response to multiple variables.
As the existential threat of climate change continues to intensify, the future of fossil fuels has been thrust into the international spotlight. Reducing hydrocarbon production and consumption has gained traction in international climate talks amid warnings that the window to avoid catastrophic warming is closing quickly.
At the start of 2023, optimism was high that China would see a rapid recovery in consumer spending and an acceleration in GDP growth. Since then, however, the world’s second-largest economy has been in the doldrums. China’s ailing economy is a problem not just for China but for the entire world. A prolonged slowdown or a sudden financial crash, were it to occur, would ripple across global markets — including the countries of the Middle East, whose economies have become increasingly intertwined with that of China.
Georgia’s near total reliance on imported Russian wheat forms an extremely dangerous vulnerability that compromises both its food security and sovereignty. Fifteen years after the 2008 Russia-Georgia war, Tbilisi finds itself depending on Russia for over 90 percent of its wheat supply amidst a growing global shortage. In 2022, NATO reiterated its commitment to Georgia, pledging to help build Georgia’s resilience and uphold its political independence.
Hydrogen has been touted as an energy solution for the future and a leading mitigation technology against climate change. Among the states of the GCC, it has come to be seen as central to their energy transition strategy and a means to retain the region’s hegemonic position within global energy relations.
Last week saw a flurry of diplomatic activity between Baghdad and Ankara. The top priorities in the talks were oil exports, the presence of the PKK in Iraq, and Iraq’s water crisis. The outcomes have been unimpressive, but there is an opportunity for Iraq to shake things up and improve its bargaining position, at least on the oil export issue, possibly more.
In a move of unprecedented geopolitical consequence, the Brics grouping of nations has made the landmark decision to expand beyond its five founding members. Announced on Thursday at the conclusion of the Brics summit in Johannesburg, host South Africa along with Brazil, Russia, India and China invited six nations to join the bloc – Egypt, Ethiopia, Iran, Saudi Arabia, the UAE and Argentina.
The recent military coup in Niger marks the point of no return for the unraveling of France’s dominant economic and military influence across West Africa. Turkey is the foreign actor that stands to benefit most, with the potential to emerge as a leading strategic partner for the nations of the region. Turkey’s engagement with West Africa is a unique, dual approach that blends military and economic engagement while deftly intertwining humanitarian aid and cultural outreach.
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.
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.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
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.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.