Economic Diversification, Energy Transition, and the Labor Market in Iraq and the Gulf
As part of a continued collaboration with the Middle East Peace and Security Forum held in Iraqi Kurdistan at the American University of Kurdistan, the Middle East Institute and the Iraq Policy Group held a workshop on Nov.15, 2022 focusing on challenges of economic diversification, energy transition, and impacts on labor markets in Iraq and the Gulf region. This report provides the insights and analyses of a select group of participants from the workshop.
The Libyan Banking Sector: A Microcosm of Global Enduring Disorder
This paper investigates the ongoing Libya conflict through the Enduring Disorder paradigm, focusing on the financial and banking sectors, honing in on stakeholder perceptions of the Central Bank of Libya (CBL), its transparency/opacity, and the “narrative wars” over who is to blame for, and who benefits from, Libya’s economic dysfunction, the lack of an annual budget, and the current lack of a quorum on the CBL board.
The Gulf Arab states, while major oil and gas producers, can play a significant role in supporting global efforts to achieve net-zero goals. They are not only endowed with great potential for renewable energy resources as well as some of the world’s lowest carbon content fuels, but also with, to varying extents, sizable financial resources. Yet, to unlock such huge potential, the Gulf Arab states will need to systematically identify and address the various challenges in their path to net zero.
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.
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.
The Gulf states: Beneficiaries of the Russia-Europe energy war?
The Gulf states are often overlooked as indirect beneficiaries of the Russia-Europe energy war. In what ways and to what extent have they leveraged it? Are these benefits sustainable?
Will Kuwait’s new parliament resolve its political impasse?
Kuwait’s Sept. 29 parliamentary elections were supposed to bring change to the gridlock and governmental churn that had plagued the country in recent years. Kuwaitis initially appeared optimistic about the results, calling on the amir to appoint a strong government to work with the National Assembly. Questions remain, however, as to how well the government and the majority opposition parliament will be able to cooperate to implement the necessary reforms.
Under current, highly unpredictable market conditions, it is unreasonable for OPEC to make sharp movements to saturate the oil market or withdraw a significant number of barrels from it to meet divergent Western interests of lowering prices and punishing Russia.
Beyond Post-Desert Storm: How to Elevate the US-Kuwait Security Partnership
Kuwait plays a larger role than is often assumed in America’s present and future military plans in the Middle East. But as Washington prioritizes the Indo-Pacific, it is critical that the security arrangement between the United States and Kuwait is thoughtfully reconfigured.
On Sept. 2, the United Nations appointed a new special envoy for Libya, Senegalese diplomat Abdoulaye Bathily. But to have any chance of success, Bathily will need to reach out to local-level Libyan leaders who oppose the status quo preferred by Libya’s national politicians.
The diplomatic ice is breaking in the Gulf. What does that mean for the region?
The announcements in mid-August that both the United Arab Emirates and Kuwait will be returning their ambassadors to Tehran after six years provided the latest indication that the diplomatic ice has started to break in the Gulf region.
What’s next for Libya’s Great Man-Made River Project?
The Middle East and North Africa are well known for their severe water scarcity. The region’s lack of water resources is the result of many factors, including the harsh climate, intense heat, high evaporation rates, and increasing population growth. Libya is no exception in this regard. According to the World Resources Institute, it ranks 6th among the top countries worldwide facing “extremely high baseline” water stress.
Gulf economies should use the available fiscal space to ensure a soft landing
After achieving respectable growth in 2021, the GCC member states now face the risk of monetary (over) tightening due to the need to follow the U.S Federal Reserve’s interest rate adjustments. These increases are not warranted, however, as the GCC economies currently face relatively moderate inflation. Instead, they should use the available fiscal space to mitigate the negative fallout of monetary tightening and make greater use of PPPs for future infrastructure development.
