Special Briefing: The policy and geopolitical implications of the OPEC+ oil production cuts
Expert regional analysis by MEI scholars and contributors.
Expert regional analysis by MEI scholars and contributors.
Strains in the U.S.-Saudi relationship do not paint a full picture of the Oct. 5 decision.
Since the founding of the UNFCCC at the Rio de Janeiro Earth Summit in 1992, climate justice has been a contentious issue that has divided developed and developing countries. The concept of climate justice is crucial for negotiating the diverse responsibilities of different nations and actors, and for shaping climate policies, and it has arguably come a long way since the early days of global climate change negotiations.
Under current, highly unpredictable market conditions, it is unreasonable for OPEC to make sharp movements to saturate the oil market or withdraw a significant number of barrels from it to meet divergent Western interests of lowering prices and punishing Russia.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
What began as a summer heatwave of significantly above-normal temperatures in Europe expanded to a series of successive heatwaves that has afflicted most of the northern hemisphere. Temperatures reached and remained at substantially elevated levels in the months of June and July, breaking historical records in many countries across Europe, Asia, North America, and the Middle East.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
Rabat’s recent announcement that it would soon sign an agreement for the construction of a “gigafactory” to make electric vehicle (EV) batteries has placed Morocco in pole position to become a green mobility leader in the Middle East and North Africa.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
In June, Iran and Venezuela signed a 20-year road map on cooperation. As much as Iranian President Ebrahim Raisi has wanted to differentiate himself from his predecessor, his Venezuela policy has so far closely resembled that of Hassan Rouhani during the latter’s second term.
As the first of two consecutive global climate conferences to be held in the MENA region, COP27 could provide a new opportunity for international leaders to overcome the failures of COP26, especially the censorship of the voices of vulnerable communities from the Global South. Addressing the legacy of climate coloniality means decolonization is a key part of tackling the climate crisis.
The Middle East and North Africa are well known for their severe water scarcity. The region’s lack of water resources is the result of many factors, including the harsh climate, intense heat, high evaporation rates, and increasing population growth. Libya is no exception in this regard. According to the World Resources Institute, it ranks 6th among the top countries worldwide facing “extremely high baseline” water stress.
After achieving respectable growth in 2021, the GCC member states now face the risk of monetary (over) tightening due to the need to follow the U.S Federal Reserve’s interest rate adjustments. These increases are not warranted, however, as the GCC economies currently face relatively moderate inflation. Instead, they should use the available fiscal space to mitigate the negative fallout of monetary tightening and make greater use of PPPs for future infrastructure development.
Egyptian President Abdel-Fattah el-Sisi’s recent, six-day European tour, which took him to Germany, Serbia, and France, aimed to boost his image and status as a central player on the world stage despite widespread criticism of his regime’s human rights record.
Iranian-Turkish trade and economic cooperation has been the all-important platform on which otherwise often tense bilateral relations could survive. With trade and economic ties now weakening, their geopolitical rivalry could sharply re-intensify.