The Middle East is at the center of our global energy transition and we can expect the next five to ten years to be a period of difficult transformation, but also unique opportunity for oil and gas producers.
Turkish President Recep Tayyip Erdoğan long believed that establishing one-man rule would end all his headaches. Instead, the system he created has only caused him more trouble. So great is Erdoğan’s remorse that he is now said to be thinking of amending the executive presidency to strengthen the role of parliament.
Conflicts are enormously destructive. They destroy lives and property, uproot communities, and reduce the economic potential for all involved. This devastation often has an unaccounted cost, both in terms of the obvious direct destruction of lives and assets, as well as the indirect costs that weigh on economies, often for years to come. This is true of all conflicts, and has certainly been true, and visible, during Russia’s unjustified and illegal invasions of its neighbors, Georgia and Ukraine.
In the last few years, it has become conventional wisdom that unemployment is Jordan’s most pressing challenge. While King Abdullah himself has stressed on many occasions that reducing unemployment is a top priority, the number of unemployed is still on the rise. This problem can be overcome with evidence-based active labor market policies, which are lacking in Jordan.
The Middle East and North Africa (MENA), for a variety of reasons, are unrivaled in their need for bold, creative thinking about their future. But that is precisely why creative thinking about the future of the region — why strategic foresight — is essential. Produced in conjunction with MEI’s Strategic Foresight Initiative, Thinking MENA Futures aims to map out some of the possible futures for the region, as envisioned by thoughtful innovators working today to realize them.
After three years of decline and instability, the Iranian economy has stabilized. Some of the macroeconomic indicators, especially inflation, remain worrying, but the country’s GDP has returned to marginal growth, which is a reminder that the economy has been resilient in the face of massive external and internal pressures. Experts agree that the diversity of economic activity has been the key reason for this resilience. This piece explores three potential medium-term scenarios: 1) A return to the JCPOA; 2) An interim deal that would ease the sanctions pressure; and 3) A continuation of the current sanctions regime.
On Oct. 4, MEI hosted a discussion with Dr. James Zogby, president of the Arab American Institute and founder of Zogby Research Services (ZRS); Elizia Volkmann, a British freelance journalist based in Tunis; and Dr. Eya Jrad, researcher and assistant professor of security studies at the Ministry of Higher Education and Scientific Research Tunisia. The conversation revolved around the findings of a ZRS survey of 1,551 Tunisians conducted between Aug. 15 and Sept. 5 covering their attitudes and optimism regarding the future.
At its Sept. 23 meeting, the Central Bank of the Republic of Turkey (CBRT), in a surprise move, cut its policy rate (1-week repo rate) 100 basis points to 18.00%, while headline inflation was 19.25% (currently 19.58%). This is an interesting development as most central banks around the world have just started preparing to implement tighter policies.
The Arab Barometer’s survey results for Algeria paint the picture of a population understandably worried about the COVID-19 pandemic and its economic impact. In surveys carried out in the country from August 2020 to April 2021, the spread of the virus and the business outlook consistently emerged as the top two challenges ahead, with economic concerns rising to the top position and overtaking the health situation over this period. Because of the spread of the Delta variant, Algiers has been struggling to contain the transmission of the virus. New cases and deaths quickly escalated between July and August 2021, taking the health care system to the brink of collapse.
Iran came one step closer to becoming a full member of the Shanghai Cooperation Organization (SCO) last week with the approval of its bid, 15 years after it first applied. The accession process is expected to take up to two years to complete.
مجرد ظهور العلامات الأولى للأزمة الصحية الناجمة عن فيروس كورونا المستجد في شمال إفريقيا، اتخذ المغرب إجراءات سريعة وحاسمة، حيث نفذ تدابير صحية واقتصادية وأمنية واجتماعية بدءا من نهاية فبراير 2020. تفسر هذه الإجراءات إلى حد كبير تصور المواطنين الإيجابي لتعامل الدولة مع هذا الوضع الصعب، وهو تحد لم يسبق له مثيل منذ الربيع العربي في 2011.
As soon as the first signs of the health crisis caused by COVID-19 appeared in North Africa, Morocco took swift and decisive action, implementing health, economic, security, and social measures at the end of February 2020. These actions explain the largely positive perception among Moroccans of the state’s handling of this difficult situation, a challenge unlike any since the Arab Spring in 2011.
The findings of the fourth part of the Arab Barometer survey’s sixth wave, carried out in May 2021, confirm that the spread of COVID-19 (43% of respondents) and the economic situation (33%) are still the main challenges for Moroccans.
The formation of a new government in Lebanon — after more than a year of political deadlock and amid an economic crisis of dizzying severity — is a positive development. The scale of Lebanon’s economic challenges, however, requires a new government capable of breaking with its predecessors’ deliberate inaction. It necessitates strong and genuine political leadership, will, and action to tackle the country’s many pressing challenges, especially in its dysfunctional energy sector.
The latest round of public opinion surveys conducted by Arab Barometer confirms that the deterioration of the economy — or more specifically a continuing collapse in living standards — has been at the forefront of people’s minds in Tunisia.
For Iran, Washington’s Afghanistan fiasco has been touted as confirmation that U.S. policy in the Islamic world is doomed to fail. The immediate geopolitical and ideological gains, however, could be overshadowed by the potential challenges that a Taliban-ruled Afghanistan may pose for Iran’s security and regional interests in the long run.