A Saudi-Israel Deal Could Pay Dividends for the Global Economy
The Biden administration is working on a deal between Israel and Saudi Arabia that could be a game changer for the Middle East. Such an opening would show just how much the tectonic plates in the region are shifting away from regional tensions, civil wars, and threats from terrorism toward a new, more promising phase of greater stability and prosperity.
Five factors to watch in US diplomatic efforts on a possible Israel-Saudi deal
Forging a deal establishing open, normal bilateral ties between Saudi Arabia and Israel would be a major feat with plenty of potential perils along the way — the diplomatic equivalent of climbing Mount Everest. If done right, the result would be historic and transformative for the Middle East with positive geopolitical repercussions. Here are five factors to watch as the Biden administration continues its efforts to produce a major diplomatic breakthrough in the region.
Amid a long, hot summer, Israel finds itself in uncharted territory
It’s been a long, hot summer in Israel, not only because of the multiple heat waves, but also due to the domestic political developments that have been heating up throughout 2023 and are now reaching a boiling point. With the Supreme Court gearing up to make highly consequential decisions in September and the Knesset in recess until mid-October, it is a good time to look back at all that Israel has gone through since the beginning of the year. For some on the Israeli right, it is a midsummer night’s dream come true, but for a large number of Israelis, it seems like more of a nightmare.
Two decades on, Iraq’s ongoing, if fragile, cultural revival
Although it has fallen off the international news cycle, Baghdad is booming, high on rising oil prices and full, once again, of neo-Abbasid, petroleum-fueled aspirations. Thanks to new anti-money laundering legislation, funds are being funneled not only into hotels and real estate but also into new cultural enterprises. So what does culture in Iraq look like in 2023?
Iran gleefully eyes the protests in Israel, looking for weaknesses to exploit
As Israel grapples with fundamental questions of identity and societal fissures years in the making, Iran and its Axis of Resistance continue to employ their escalation-ready approach of pushing the envelope in multiple geographic theaters, launching cyber operations to foment disunity in Israeli society, and attempting to neutralize the regional gains Israel has made after signing the Abraham Accords with several Arab neighbors in 2020.
A difficult road ahead for Israel’s far-right government despite its victory
On July 24, the Knesset voted to limit the powers of the Supreme Court to strike down legislation as the first step in a comprehensive “judicial overhaul” orchestrated by Israel’s far-right government. This is by no means the “end” of Israeli democracy. To the contrary, the coalition that forced it through is itself the product of some unlikely circumstances and may not survive much longer, especially given the economic, security, and diplomatic chal-lenges it will very shortly face.
5 ways the US, Europe can push for Israel-Arab environmental cooperation – opinion
Environmental challenges are creating new priorities for countries in the Middle East and the Mediterranean and increasing cross-border cooperation – including between Israel and Arab countries. Such cooperation can assist in tackling climate change through a regional and global lens, can foster regional stability, maintain and expand circles of peace and normalization, and increase prosperity and economic development.
The new wave of dealmaking by Gulf sovereign wealth funds
For resource-rich countries such as Gulf oil and natural gas producers, sovereign wealth funds have emerged as promising tools to save for future generations, mitigate the effects of outsized economic shocks, and/or be deployed as reserve investment and strategic development funds to spend on human, natural, social, and physical capital.
After Jenin, the US should invest more in improving Israeli-Palestinian relations and advancing peace
Since the current Israeli government was established in December 2022, Israeli-Palestinian escalation has seemed inevitable. Tensions have steadily mounted and if that trend continues unchecked, a wider and more significant flare up might eventually happen. Given the worrying trajectory, the U.S. needs to get more involved.
Regional Environmental Cooperation Between Israel and Its Neighbors
As environmental challenges become a priority for countries across the Middle East and the Mediterranean, this creates new opportunities for regional environmental cooperation, including between Israel and its neighbors. Despite being limited in scope and facing several key obstacles, regional cooperative endeavors are taking place, including on both the bilateral and multilateral levels, and efforts to sustain and expand them are underway. This new report, written under the auspices of the Israel Climate Forum, addresses the importance of regional environmental cooperation in the Middle East and Mediterranean, examines the scope of such cooperation between Israel and its neighbors, and spells out opportunities, obstacles, and recommendations for increased coordination and joint action, including the role the U.S. and Europe can play.
No real winners, only losers, following Israeli assault on Jenin
In the wake of Israel’s deadly assault on the Jenin refugee camp, the largest military operation in the West Bank in nearly two decades, Israeli military officials have been quick to declare victory. But contrary to such bluster, the attack produced no real winners and only losers.
