Georgia the interconnector — but where’s Washington?
For the sake of safeguarding transatlantic — and thus also American — security interests in the South Caucasus, it is becoming increasingly imperative that the United States better anchor itself economically, politically, and militarily in the eastern Black Sea region, especially strategically placed Georgia.
The Gulf’s twin failings: Innovation and private sector employment for nationals
The Gulf states emerged from the global pandemic with the wind in their economic sails. But high-profile events like Qatar’s hosting of the FIFA World Cup and the UAE’s World Expo continued to mask two subtle but major weaknesses that have plagued them for decades. Why do Gulf economies lack innovation? And why do they struggle to create private sector employment for nationals?
The current complex situation in the global oil market seriously tests the abilities of OPEC+ to play the role of a regulator, forcing Saudi Arabia to assume the main burden of responsibility for keeping oil prices from declining further and for shoring up the cartel ranks.
Saudi LNG exports: Overcoming challenges to commercial success
After issuing positive statements around greenfield blue hydrogen projects in late 2022, the company, Bloomberg now reports, may be migrating away from the hydrogen scheme and toward LNG exports. Both would require significant capital investment. Assuming the company decides to pursue an LNG export project, it will face many potentially value-erosive challenges and risks that must be overcome before achieving economic success.
Measure, verify, certify: How to future-proof Gulf companies in the energy transition
Several Gulf states have introduced renewable energy certificates into their low-carbon energy eco-system. What are RECs and how can they help companies navigate the energy transition?
Beijing to Baghdad: China’s growing role in Iraq’s energy sector
Chinese companies are well positioned to participate in Iraq’s efforts to expand its oil production capacity and develop domestic gas supplies, as they are actively engaged in various energy-related undertakings throughout the country. However, if indeed China’s strategy is, as some have suggested, to become the dominant player in Iraq’s economy, achieving that objective will likely prove difficult given Iraq’s challenging operating environment and contentious politics.
Stabilizing instability: The challenges of Middle East peacebuilding
The Middle East is experiencing a remarkable spate of diplomacy, de-escalation, and normalization. This is generally a positive development, as the region needs to take charge of its own destiny. But normalization and de-escalation does not always lead to meaningful conflict resolution; indeed, sometimes the reverse is true. What needs to be done so that this positive momentum can be the first phase of a more meaningful set of engagements to build a more lasting regional peace and integration?
Putting Diplomacy First in the Middle East: Creating Incentives for De-Escalation
The Middle East is undergoing a historic transformation with unprecedented opportunities to build new relationships, de-escalate tensions, and foster conditions for stronger integration. At the same time, the region remains on edge because of ongoing tensions in Yemen, Syria, Iraq, and other conflict zones, a civil war that broke out recently in Sudan, along with the overarching challenges presented by fraught relations between Iran, Israel, and several Arab Gulf countries — with the longer-term implications of the still-fragile Iranian-Saudi rapprochement yet to be fully assessed.
War as a catalyst for greater Black Sea-Gulf interconnectivity
Russia’s full-scale invasion of Ukraine has destabilized and distressed the entire Black Sea neighborhood. Yet despite the war, or perhaps because of it, strategically important foreign direct investments into Black Sea littoral countries, including from the Gulf, have endured or even grown.
Over the last two decades, the Mediterranean has become an important region. Many scholars, policymakers and analysts have mostly referred to this region from a nexus of security, geopolitics and traditional energy politics. With the war in Ukraine, the relevance of this whole region has increased along the same line. The Mediterranean today is home to some of the most enduring conflicts in the world. New energy resources are being discovered in disputed areas in an environment of intense geopolitical competition over regional leadership and energy routes within and beyond the region.
In the past few years, Jordan’s public debt has become a major policy concern for the government, the international community, and key donors that support Amman. The public debt has risen significantly over the past 15 years, raising many questions about Jordan’s future macroeconomic stability, public debt sustainability, and the government’s ability to finance development projects.
Joining the pieces together: Toward a comprehensive EU maritime approach for the Northwestern Indian Ocean, Persian Gulf, and Red Sea
Until recently, the EU has favored a piecemeal approach toward the Northwestern Indian Ocean, the Gulf, and the Red Sea, despite their close interdependence and inter-connectedness in the security, political, and economic realms. But the EU is now signaling a growing desire to steer its naval policy toward a more holistic and organic process, creating an opportunity for Brussels to become a more relevant security actor in the waters off the Arabian Peninsula.
