Expert regional analysis by MEI scholars and contributors.
As a condition of its $3 billion loan from the IMF, the Egyptian Central Bank confirmed its pledge to maintain a durably flexible exchange rate. The Egyptian pound quickly and sharply dropped, but economists are cautiously optimistic that Egypt can sustain the current crisis and repay its debts. The government is walking a tight rope, attempting to raise revenues and attract investments without exacerbating the tough living conditions at home.
West Bank coordination is vital to Mahmoud Abbas’s and the Palestinian Authority’s survival. It’s also hugely unpopular among ordinary Palestinians.
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Netanyahu is skillfully building a set of menacing tools, mechanisms, capabilities, and policies that create a credible threat to the current order. Today, he is executing this strategy to achieve success on three key issues: annihilating the Oslo Accords and the two-state solution, curbing Iran’s nuclear weapons program, and carrying out what is effectively regime change in Israel. The U.S. must swiftly and decisively confront and foil Netanyahu’s destructive leverage vectors or else it will find itself on the wrong side of history on some or all of these three critical fronts.
This week, the United States Central Command (CENTCOM) concluded what it called on social media, “the largest ever U.S.-Israel combined exercise.” The drills reasserted U.S. support for partnerships, deterrence, and integration, despite posture reductions and continued concern among partners about Washington’s commitment to the Middle East.
A movement of Israelis who resist the new Netanyahu government is crystallizing and taking initial steps to push back against democratic erosion. It will need to evolve quickly and effectively to make an impact and could benefit from some international helping hands along the way.
The challenge of developing export strategies for the offshore natural gas resources concentrated in the Eastern Mediterranean predates the Russo-Ukrainian war. Yet over the course of 2022, Europe’s intensifying energy crisis created a new and more immediate incentive to solve those export challenges, despite a great deal of work still to be done.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
The Dec. 30 vote at the United Nations General Assembly (UNGA) regarding Israel reflected once again that the international community does not generally accept the Israeli narrative regarding the Palestinian issue. It also highlights that the Palestinian issue, while not a top priority on the global agenda, is still one of concern around the world.
Ten of the most important or far-reaching events and trends that dominated the MENA region in 2022.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
The December 2020 Moroccan-Israeli normalization deal has evolved from a vehicle enabling Morocco to gain long-sought U.S. recognition of its claims on Western Sahara to a broader strategic partnership with Israel. But the relationship further strains relations with neighboring rival Algeria.
Participating in COP27 provided a unique opportunity to view the proceedings firsthand and evaluate the effectiveness of the meeting in advancing critical climate priorities that can alter the alarming trajectory of future climate change.
