Egyptian government walks risky economic tightrope to fulfill its loan conditions to IMF
As a condition of its $3 billion loan from the IMF, the Egyptian Central Bank confirmed its pledge to maintain a durably flexible exchange rate. The Egyptian pound quickly and sharply dropped, but economists are cautiously optimistic that Egypt can sustain the current crisis and repay its debts. The government is walking a tight rope, attempting to raise revenues and attract investments without exacerbating the tough living conditions at home.
Eastern Mediterranean gas discoveries, progress, and what to watch in 2023
The challenge of developing export strategies for the offshore natural gas resources concentrated in the Eastern Mediterranean predates the Russo-Ukrainian war. Yet over the course of 2022, Europe’s intensifying energy crisis created a new and more immediate incentive to solve those export challenges, despite a great deal of work still to be done.
Pakistan-Afghan Taliban relations face mounting challenges
Tensions between Islamabad and Kabul continue to rise. While Pakistan has made efforts to smooth over the growing rift, reopening a key border crossing closed following cross-border gunfire that killed a Pakistani security guard and sending its minister of state for foreign affairs on an official visit to the Afghan capital, there are clear signs that Pakistan’s leverage with the Afghan Taliban seems to be slipping fast.
Dispatches from Sharm el-Sheikh: Reviewing COP27 from the MENA perspective
Participating in COP27 provided a unique opportunity to view the proceedings firsthand and evaluate the effectiveness of the meeting in advancing critical climate priorities that can alter the alarming trajectory of future climate change.
