Higher oil prices are giving Algeria’s regime breathing room
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.
The Palestinian Authority’s economic “disengagement” looks a lot like the status quo
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.
Russia is violating the spirit of Montreux by using civilian ships for war
On Feb. 28, Turkey triggered the Montreux Convention, not used since World War II, and closed the Turkish Straits to military ships. This one move interrupted Russia’s maritime logistical supply line to Syria, interfered with its ability to rotate naval assets in the Mediterranean, and prevented Moscow from bringing additional warships to the Black Sea. Russia can no longer supply its Syria operation or deliver defense exports to its customers using navy ships. However, close observation of traffic through the Turkish Straits reveals that Russia is continuing its naval operations in the Mediterranean and Black seas.
The Dorra Field: Global gas market impact or bellwether for regional relations?
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.
Bad policy advice could lead to a catastrophe for Iran’s public economy
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 UAE's food-security plans have made it a global market player
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 Synergy Between Natural Gas and Green Energy Transition: Cairo’s Advances in LNG and Green Hydrogen are Shaping the COP 27 Agenda
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.
هزینه سنگین حمایت حزب الله برای اقتصاد و امنیت ایران
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.
Iran, Turkey, and the future of the South Caucasus
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.
As the conventional war in Ukraine continues and military operations intensify, Russian President Vladimir Putin is wrestling with the need to maintain his fight in Ukraine while demonstrating to the Russian people that he is winning in the following three key areas: land, security, and identity.
Tunisia’s food shortages shine a spotlight on its core economic failings
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?
