Research & Commentary Results

On May 23, 2022, Metropol tower, a 10-story commercial building in the city of Abadan in Iran’s oil-rich southwestern Khuzestan Province, collapsed, killing at least 41 people and trapping dozens more beneath the rubble. For an outside observer, this might seem like a tragic but random accident that could have happened anywhere. In reality, it is a stark illustration of a country mired in corruption and mismanagement.

One of the main long-term consequences of Russia’s invasion of Ukraine is the restructuring of export flows in the global oil market. This will have direct consequences for Middle Eastern players, forcing them to choose whether to compete with Russia and each other or continue to coordinate their efforts.

As Russia’s war on Ukraine keeps oil and gas prices high, Algeria’s regime is replenishing its financial reserves after years of depleting them. This renewed budgetary space will make it easier for the government to deal with any hint of popular discontent. But rather than going back to splurging on new salary increases or other forms of accelerated rent distribution as it has done in the past, the regime seems to be adopting a more cautious approach this time around.

Palestinian Authority (PA) officials repeatedly deny acquiescing to the economic peace model with Israel, but such rhetoric is not reflected in their actions. In recent years integration between the Palestinian and Israeli economies has only deepened.

The Dorra Gas Field, located in shallow waters offshore in the northern Arabian Gulf, lies at the junction of competing territorial claims by Kuwait, Iran, and Saudi Arabia. With the growing gas demand in these countries, any production will be absorbed into the domestic network and the impact of production on the global gas and LNG market will be insignificant. However, the development of the field, if it occurs, may serve as a bellwether for regional relations.

Iran began the new fiscal year on March 21, 2022 having recorded an estimated GDP growth rate of about 4% over the previous year, but CPI has grown by 35% year-on-year. While GDP growth could be the result of the stabilization of the economy after several years of recession, a steady rate of high inflation is alarming for Iran’s economy.

The two-month war between Russia and Ukraine has disrupted global food supplies, exposing the fragile state of food security across much of the Middle East and North Africa. Unlike those Mena nations struggling to secure cargoes of wheat and other staples, the UAE is in a better position, even though it currently imports 80 to 90 per cent of its food, thanks to its forward-looking food strategy during the past several years.

Egypt’s energy policy is helping to change the terms of the global debate on climate change by demonstrating that there is a basic compatibility between developing domestic natural gas resources and developing renewable energy sources. Disproving the dogma that natural gas and renewables are in a zero-sum competition, Egypt is advancing as a leader in renewable energy development while also increasing its offshore natural gas production capacity.

Karen Young, director of MEI’s Program on Economics and Energy, is joined by Emily Stromquist and Colby Connelly for a discussion on gas and energy developments in the Eastern Mediterranean.

در جمهوری اسلامی ایران, این فرضیه وجود دارد که حمایت از سازمان حزب الله در لبنان, امنیت و قدرت بازدارندگی ایران را افزایش داده است.  در عین حال, شواهد و قرائنی وجود دارند که نتایج انان برعکس این فرضیه را نشان می دهند.

Since late September 2021, Tehran and Baku have engaged in a process of de-escalation, largely focused on economic cooperation and regional transportation links. Such efforts should be welcomed, but underlying geopolitical tensions, especially the Iranian-Turkish competition for influence in the South Caucasus, can still derail them at any moment.

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President Kais Saied’s war on speculation is attempting to direct the focus of people’s anger about food shortages onto speculators. A recent emergency importation of grain has stayed off the emptying of shelves, but as the country’s treasury empties and eventually products begin to disappear from stores again, the people’s patience and faith in his new political project will wear very thin. For now, he is profiting from national exhaustion, but how long till hunger becomes anger and anger becomes a movement?

MENA countries are currently home to nearly 15% of the world’s installed energy storage capacity, but this total will need to grow to enable variable renewable energy systems to be integrated into the region’s power grids in a flexible and stable manner.

Khan’s removal has served to galvanize and perhaps even expand his support base and his opponents among the senior brass of the army and in the political class have unwittingly rehabilitated his public image. As Khan’s political fortunes have improved, the new coalition government is struggling to handle the hot potato of a deteriorating economy and the army is facing criticism unprecedented in recent years.