A defense treaty in return for Saudi normalization is illusive, but Biden can still seal a historic deal.
Since the early years of the Syrian conflict, the Assad regime has systematically diverted local resources dedicated for reconstruction purposes to rehabilitate facilities in areas and sectors that benefit it and its inner circle, as well as placed the burden of rehabilitating properties onto Syrians themselves. To finance this policy, the regime has exploited four key resources, including imposing multiple reconstruction taxes, diverting U.N. and INGO early recovery and rehabilitation projects, capitalizing on local-led crowdfunding campaigns, and forcing Syrians to bear the cost of repairing their own damaged properties.
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.
Another United Nations Security Council (UNSC) vote on continuing the resolution that allows Syria’s cross-border aid delivery is due in July, but the regime’s use of “consent” to allow an extra two crossings from Turkey into the area could be used to undermine the resolution’s necessity, which would risk destabilizing the conflict along with it. Twelve years of hard-won lessons show that until there is a broader political agreement with clear guardrails and guarantees, only a UNSC resolution that permits unimpeded humanitarian access to northwest Syria can secure the critical and consistent operational space required to meet the region’s growing needs as articulated by the NGOs working in the area.
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.
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?
While calls for the immediate return of Syrian refugees have increased at the regional and international levels, it is imperative to closely examine the direct link between the regime’s policy of property confiscation and the possibility of refugee returns. Property confiscation does not only impact the direct owners and their immediate families’ livelihoods but also hinders the ability of thousands of displaced Syrians to return while leading those who still reside under regime rule to consider migration.
Expert regional analysis by MEI scholars and contributors.
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.