Research & Commentary Results

For the sake of safeguarding transatlantic — and thus also American — security interests in the South Caucasus, it is becoming increasingly imperative that the United States better anchor itself economically, politically, and militarily in the eastern Black Sea region, especially strategically placed Georgia.

The Gulf states emerged from the global pandemic with the wind in their economic sails. But high-profile events like Qatar’s hosting of the FIFA World Cup and the UAE’s World Expo continued to mask two subtle but major weaknesses that have plagued them for decades. Why do Gulf economies lack innovation? And why do they struggle to create private sector employment for nationals?

The current complex situation in the global oil market seriously tests the abilities of OPEC+ to play the role of a regulator, forcing Saudi Arabia to assume the main burden of responsibility for keeping oil prices from declining further and for shoring up the cartel ranks.

After issuing positive statements around greenfield blue hydrogen projects in late 2022, the company, Bloomberg now reports, may be migrating away from the hydrogen scheme and toward LNG exports. Both would require significant capital investment. Assuming the company decides to pursue an LNG export project, it will face many potentially value-erosive challenges and risks that must be overcome before achieving economic success.

It is too early to tell whether the Wagner “uprising” is a one-off or foreshadows further cracks and the eventual collapse of Putin’s presidency, but the latter outcome would have lasting consequences in the MENA region.

Several Gulf states have introduced renewable energy certificates into their low-carbon energy eco-system. What are RECs and how can they help companies navigate the energy transition?

Last week’s collapse of the Nova Kakhovka dam on the Dnipro River in Ukraine is one of the largest environmental disaster the Black Sea region and Europe has faced in decades. Its far-reaching environmental, economic, and humanitarian consequences will affect not just Ukraine and the Black Sea region, but also the Middle East and Africa.

Even though Russia and China’s strategic partnership has strengthened in recent years, the leaderships of both countries infrequently engage on Middle East affairs. Russia views China’s growing diplomatic assertiveness in the Middle East as a positive step toward a multipolar regional order. Nevertheless, Russia is trying to avoid being completely eclipsed by China as a prospective conflict arbiter. While the two countries concur on opposing unilateral sanctions and democratic uprisings in the Middle East, Beijing does not universally approve of Moscow’s positions on regional crises and its power projection strategy.

The “Axis of Resistance,” a network of non-state actors aligned with Iran, has emerged as a significant force in the Middle East in the last two decades. Despite the attention given to the more well-known members of the Axis of Resistance, the Azerbaijani group Hoseyniyun, which also operates within the network, remains relatively unknown.

The Biden administration has been trying to diplomatically reengage with China, although so far with little response from Beijing. Any broad reengagement would necessarily include reengagement in the Middle East and North Africa. Both sides have a long list of common interests in the Middle East; the areas where their interests diverge relate mainly to suspicions of the other side’s long-term strategy and global ambitions. How can Washington and Beijing build on common interests in the region while addressing their long-term concerns, reducing some of them and accommodating robust competition or even sharp adversarial attitudes in other areas?

Chinese companies are well positioned to participate in Iraq’s efforts to expand its oil production capacity and develop domestic gas supplies, as they are actively engaged in various energy-related undertakings throughout the country. However, if indeed China’s strategy is, as some have suggested, to become the dominant player in Iraq’s economy, achieving that objective will likely prove difficult given Iraq’s challenging operating environment and contentious politics.

Russia’s full-scale invasion of Ukraine has destabilized and distressed the entire Black Sea neighborhood. Yet despite the war, or perhaps because of it, strategically important foreign direct investments into Black Sea littoral countries, including from the Gulf, have endured or even grown.

Over the last two decades, the Mediterranean has become an important region. Many scholars, policymakers and analysts have mostly referred to this region from a nexus of security, geopolitics and traditional energy politics. With the war in Ukraine, the relevance of this whole region has increased along the same line. The Mediterranean today is home to some of the most enduring conflicts in the world. New energy resources are being discovered in disputed areas in an environment of intense geopolitical competition over regional leadership and energy routes within and beyond the region.

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In the past few years, Jordan’s public debt has become a major policy concern for the government, the international community, and key donors that support Amman. The public debt has risen significantly over the past 15 years, raising many questions about Jordan’s future macroeconomic stability, public debt sustainability, and the government’s ability to finance development projects.