A defense treaty in return for Saudi normalization is illusive, but Biden can still seal a historic deal.
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?
Expert regional analysis by MEI scholars and contributors.
Saudi leaders have stepped up their plans for developing peaceful nuclear energy, inviting technical bids to the planned construction of two 1.4 gigawatt-electric nuclear reactors and restating the kingdom’s intention to use domestic uranium resources for producing low-enriched uranium as nuclear fuel.
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.
American and European eyes are set on Riyadh. Both the Biden administration and the European External Action Service are currently trying to advance policy moves that involve Saudi Arabia and that – if successful – will reshape the Middle East. Alas, when it comes to the Israeli-Palestinian issue, these European and American efforts are quite different, and even seem contradictory.
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.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
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?
Turkey’s new economic team may take a more hawkish tone when it comes to tackling inflation and preserving financial stability through fiscal and monetary measures. However, investors and policymakers should not be naïve, as this approach will only be temporary or partial, aimed at winning the upcoming local elections.
Expert regional analysis by MEI scholars and contributors.
Turkey is a test case of the limits of international human rights law in an authoritarian context. The country is party to all major U.N. and Council of Europe international human rights treaties, including those prohibiting torture and ill treatment, and is subject to the jurisdiction of the European Court of Human Rights. Its constitution and laws ban torture and contain procedural safeguards against it. Yet torture and the impunity of its perpetrators remain state practice, at times reaching systemic levels.
Wadi AlFann (‘Valley of the Arts’) is a new global cultural destination in Saudi Arabia, where monumental contemporary artworks are being commissioned for AlUla’s majestic desert landscape.
Curator Iwona Blazwick and participating Saudi artist Manal Al Dowayan speak with MEI’s Senior Vice President Kate Seelye about Wadi Al Fann’s permanent art commissions and the impact of the Kingdom’s investment in the arts as part of Saudi Vision 2030 on local communities and the international art scene.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.