Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
Twenty years ago, on September 11, 2001, al-Qaeda attacked New York and Washington, killing nearly 3,000 people. The terrorist attacks and their aftermath transformed U.S. policy, giving rise to the war on terror and the military intervention in Afghanistan. On the 20th anniversary of 9/11, scholars and Advisory Council members of MEI’s Countering Terrorism and Extremism Program offer their reflections.
Vision 2030 promises a transformation of Saudi Arabia’s economy, and the financial sector will be crucial to achieving this. The sector will facilitate private investment focusing on small and medium-sized enterprise (SME) financing, fund mega-projects, and be a driver for diversifying away from oil. As a result, banks’ role must go from being distributive and largely passive to developmental and active. This article will highlight how the role of the Saudi banking sector has been transformed in the last five years and how its composition is changing to cope.
On July 24, Beirut and Baghdad signed a governmental framework agreement under which Iraq pledged 1 million tons of heavy fuel oil to Lebanon over a full year.
Elisabeth Kendall and Nadwa al-Dawsari join Charles Lister to discuss Al-Qaeda in the Arabian Peninsula (AQAP) and its place in Yemen’s persistent internal conflict.
On Aug. 25, Iran’s parliament voted on the cabinet of its new president, Ebrahim Raisi, approving 18 out of the 19 ministers put forward. Raisi’s government is full of revolutionaries likely to adopt a hardline approach to domestic and international affairs, leading to heightened geopolitical risk and potentially prolonging the country’s economic crisis.
In an automotive first for North Africa, German automaker Opel will soon begin producing electric cars in Morocco. Opel’s electric car manufacturing in Kénitra leapfrogs China’s plan to build electric cars in Egypt, giving Morocco’s automotive industry an important first-mover advantage. The move also represents a strategic gain for European automotive manufacturing over China. As a gateway to West Africa, Morocco provides Opel and its parent company Stellantis a nearby production base for the eventual cost-effective export of electric vehicles to rapidly expanding markets in Sub-Saharan Africa.
The central media apparatus of the Islamic State group is mis-reporting on the activities of its cells in central Syria. Rather than exaggerating their capabilities, something that it is conventionally assumed to be doing all the time, its Central Media Diwan appears either to be deliberately under-playing them, or, less likely, to be unaware of their full extent, possibly due to communication issues.
There is a puzzle in the profits of Gulf Cooperation Council (GCC) firms, especially conglomerates. Even as the size of GCC economies has grown considerably in the last two decades, corporate profits have been flat. With a goal of economic diversification to expand private sector business and job opportunities for citizens, the imperative to create an environment for growth is acute for regional governments. Tarek Fadlallah, CEO of Nomura Asset Management Middle East and a member of the Program on Economics and Energy Advisory Council, lays out some of the challenges for Gulf economic diversification and improved corporate profitability.
While the Black Sea has historically been an area of significant geostrategic importance, this has not made it a vibrant zone of commerce, transport, energy, tourism, or cultural exchange. Rather, it has become a theater of struggle for dominance and competing geopolitical and geo-economic interests. This situation has been exacerbated by conflict between Russia and countries in the region, like Ukraine and Georgia, that have sought closer ties with the West and aspire to NATO membership and EU integration. These developments have dire consequences for regional security and stability, disrupting political and economic ties in the area and beyond. A long-term solution to the region’s security issues could be based on intensifying trade relations and increasing economic interdependence between the states. This paper identifies major barriers to closer regional trade and economic cooperation and outlines ways to overcome them.
Speaking at a public event earlier this month, Egyptian President Abdel-Fattah el-Sisi made the surprise announcement that the next step in the country’s economic reform agenda will include the removal of bread subsidies. He becomes the latest in a long line of presidents to target the bread subsidies that provide cheap sustenance to a country of (now) over 100 million people at a huge cost to the state, although none of his predecessors ever successfully managed to remove or significantly reduce them.
Peter Bergen and Colin Clarke join guest host Charles Lister to discuss Bergen’s new book, The Rise and Fall of Osama Bin Laden, as well as the Biden administration’s handling of the US withdrawal from Afghanistan and concerns about the country once again becoming a safe haven for Al Qaeda under the Taliban.
الدولتان في الشرق الأوسط اللتان تتمتعان بأعلى توقعات نمو لعام 2022 هما إسرائيل ومصر. وتقدر مؤسسة فيتش سوليوشنز أن الناتج المحلي الإجمالي على مستوى منطقة الشرق الأوسط وشمال إفريقيا سينمو بنسبة 3.6% في عام 2021، بعد انكماش بنسبة 4% في عام 2020. هنا نجد أن مصر وإسرائيل هما الدولتان الوحيدتان في المنطقة اللتان يُتوقع نمو اقتصادهما بما يتجاوز حجم مستويات ما قبل كوفيد-19.
A week and a half after the fall of Kabul, the world has yet to fully recover from the shock of how quickly the Ghani regime collapsed. As U.S. and international forces continue their evacuations and many Afghans struggle to leave for Western countries, the formation of a new government in Kabul has picked up pace. The Taliban have been consulting all stakeholders to form a government that has broad support from a variety of Afghan populations — one they say will be “inclusive” and “Islamic” — but what that will actually mean or look like in practice is as yet unclear.
As the Great Game between the United States and China unfolds on a global scale, American and Chinese leaders have to make a choice — will they clash more openly in a struggle to dominate Afghanistan and its neighboring regions or will they rein in their ambitions and jealousies to accomplish goals that benefit themselves and many others?