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Already vulnerable, Turkey’s economy now faces massive earthquake recovery costs
Photo by Ozkan Bilgin/Anadolu Agency via Getty Images
  • Analysis
  • Already vulnerable, Turkey’s economy now faces massive earthquake recovery costs

    After a difficult year, things finally seemed to be looking up for Turkey’s beleaguered economy in early 2023. But then on Feb. 6 the worst happened: Turkey and Syria were hit by a pair of massive earthquakes, resulting in tens of thousands of deaths and untold damage. How did Turkey’s economy stabilize in second-half 2022, what do we know about the economic impact of the earthquakes, and where might things be headed going forward?

    February 13, 2023

    Egyptian government walks risky economic tightrope to fulfill its loan conditions to IMF
    Islam Safwat/Bloomberg via Getty Images
  • Analysis
  • Egyptian government walks risky economic tightrope to fulfill its loan conditions to IMF

    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.

    February 9, 2023

    Why security cooperation with Israel is a lose-lose for Abbas
  • Commentary
  • Why security cooperation with Israel is a lose-lose for Abbas

    West Bank coordination is vital to Mahmoud Abbas’s and the Palestinian Authority’s survival. It’s also hugely unpopular among ordinary Palestinians.

    February 7, 2023

    The Biden administration is missing Netanyahu’s transparent game of destructive leveraging
    Photo by Amir Levy/Getty Images
  • Analysis
  • The Biden administration is missing Netanyahu’s transparent game of destructive leveraging

    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.

    Juniper Oak 2023 reinforces US commitment to Middle East, sets standard for future regional exercises
    Photo source: Pentagon
  • Analysis
  • Juniper Oak 2023 reinforces US commitment to Middle East, sets standard for future regional exercises

    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.

    January 26, 2023

    Kurdistan gas and diversification
    Photo by Reza/Getty Images
  • Analysis
  • Kurdistan gas and diversification

    The issue of diversification is difficult but urgent, given increasingly tight global climate policies, the advances of non-fossil technologies, and the limited lifespan of the KRI’s oil resources. Harnessing the region’s natural gas productively is the first step to a cleaner and more diversified economy.

    January 20, 2023

    A new momentum: Recalibrating Germany's foreign policy toward the Gulf monarchies
    Photo by Sean Gallup/Getty Images
  • Analysis
  • A new momentum: Recalibrating Germany's foreign policy toward the Gulf monarchies

    Facing the profound challenge of trying to diversify its energy supply while a destabilizing war rages on in Ukraine, Germany has looked to several Gulf monarchies to forge new energy partnerships. Notwithstanding heated domestic debates over controversial topics such as their human rights record, Berlin should consider a more comprehensive strategic approach toward the Gulf monarchies that encompasses issues beyond energy supply, such as joint efforts in regional integration and development.

    January 20, 2023

    Israelis’ evolving pushback to democratic erosion under Netanyahu
    Photo by JACK GUEZ/AFP via Getty Images
  • Analysis
  • Israelis’ evolving pushback to democratic erosion under Netanyahu

    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.

    January 19, 2023

    Climate-induced migration in the GCC states: A looming challenge
    Photo by SAMEER AL-DOUMY/AFP via Getty Images
  • Analysis
  • Climate-induced migration in the GCC states: A looming challenge

    Gulf states are collectively investing billions of dollars in developing renewable energy. Yet climate change patterns in neighboring regions, combined with rising average temperatures, could eventually trigger more serious climate migration problems for the Gulf countries themselves.

    January 13, 2023

    Eastern Mediterranean gas discoveries, progress, and what to watch in 2023
    Photo by Danil Shamkin/NurPhoto via Getty Images
  • Analysis
  • Eastern Mediterranean gas discoveries, progress, and what to watch in 2023

    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.

    Rome’s Economic Rebalancing in the Maghreb
  • Commentary
  • Rome’s Economic Rebalancing in the Maghreb

    For the past ten years, Italy and Morocco have been two of the most economically dynamic countries in the Mediterranean basin. Morocco’s rise as a manufacturing and distribution hub for companies seeking to nearshore operations close to mature European end-markets, as well as emerging African end-markets, has created new potential synergies for a deeper Italy-Morocco commercial partnership.