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.
The U.S. administration is tacitly contributing to growing acceptance and re-normalization of Syrian President Bashar al-Assad, the 21st century’s most notorious war criminal, putting in jeopardy the continuation of our counter-terrorism mission in Syria. Assad is toasting his survival on the ashes of his victims — but within the small community of optimistic actors in Syria, ISIS is sitting pretty comfortably too.
When Saudi Arabia suddenly announced in early April that it would reduce its oil production by 500,000 bpd, followed shortly thereafter by several other OPEC+ members, bringing the total cut to 1.1 million bpd, Japan was greatly concerned. In spite of Japan’s serious efforts to work toward a carbon-neutral society, the country is still heavily dependent on oil, the overwhelming majority of which comes from the Persian Gulf.
It has been an accepted fact that ISIS ceased being a territory-controlling entity in Syria after its March 2019 defeat in the town of Baghouz. Yet it is perhaps time to reevaluate this perspective on the group and its insurgent trajectory in the country. While recent massacres of civilians in central Syria have refocused some international attention on the desert region, known as the Badia, the renewed widespread battles between militants and regime security forces that have occurred in parallel to these attacks have gone unnoticed.
The road to Marrakech: US-China tensions loom over IMF/WB spring meetings
Last week’s spring meetings of the IMF and World Bank in Washington, D.C., were an important occasion for financial and economic leaders from the MENA region to meet with their counterparts from these IFIs and major bilateral donor countries. At the same time, they serve as a lead up to the important Annual Meetings that will be held in Marrakech, Morocco, in the fall — the first time they will be hosted by an Arab or African country.
Middle East and Africa: Slowing Growth and Rising Food Prices Present Human Capital Challenges
The World Bank’s MENA regional economic update released on April 6, 2023 is one that may herald a sharp divide, both within the region, with its uneven economic trajectory and obstacles to human capital development, and globally, as a cleavage between energy exporters and importers.
Small-scale LNG as a solution for Saudi Arabia’s environmental and fuel supply problems
The development of small-scale LNG and the domestic deployment of LNG as a transport and power-generation fuel could help to lower Saudi Arabia’s carbon footprint as well as improve air quality by reducing vehicle exhaust.
Qatar doubles down on LNG amid energy market volatility
The oil and gas sector has been the dominant driver of Qatar’s economy. Over the years, although that sector has remained the major focus of Qatari investments, the emphasis has increasingly shifted towards the expansion of the country’s gas production and LNG export capacity. While the construction boom ahead of the 2022 FIFA World Cup powered the Qatari economy in recent years, income generated by the expansion of the country’s LNG production and export capacity is likely to drive the economy for many years to come — both despite and partly because of the market turmoil caused by the fallout from Russia’s invasion of Ukraine in February 2022.
Missed opportunities: The billions sacrificed annually to generate electricity in the GCC
The GCC governments still cover over 40% of the cost of domestic electricity production. Yet, electricity subsidy bills alone do not reflect the full extent of their economic losses. Once the forgone revenues from the export of natural gas and oil used to meet rising domestic energy demand are added in, the total economic cost of the GCC’s electricity is too great to ignore.
The painful reality is that Washington’s hastily cobbled together ethno-sectarian political system for post-2003 Iraq ended up doing the opposite of what it intended. The regional domino effect was also the opposite of what the U.S. had hoped for, as Iraq became a cautionary tale that regimes could use to undermine the democratic desires of their own populations.
In Disorder, They Thrive: How Rural Distress Fuels Militancy and Banditry in the Central Sahel
The central Sahel — Burkina Faso, Mali, and Niger — is buffeted by three main forms of armed conflict that overlap and fuel each other: communal conflict, banditry, and violent extremism. These conflicts are partly rooted in a crisis of governance in rural areas, and are exacerbated by climate change, demographics, and internal and cross-border migration.
Economic Diversification, Energy Transition, and the Labor Market in Iraq and the Gulf
As part of a continued collaboration with the Middle East Peace and Security Forum held in Iraqi Kurdistan at the American University of Kurdistan, the Middle East Institute and the Iraq Policy Group held a workshop on Nov.15, 2022 focusing on challenges of economic diversification, energy transition, and impacts on labor markets in Iraq and the Gulf region. This report provides the insights and analyses of a select group of participants from the workshop.
