In the aftermath of the fragmentation of the USSR, the South Caucasus region went through a period of transformational change, during which it had to redesign and rebuild its energy systems and energy security routes. The latest U.N. Intergovernmental Panel on Climate Change (IPCC) report demonstrates that anthropogenic warming has caused extreme temperatures, precipitation levels, and drought in the region. While Georgia has significant potential for additional clean energy generation and other climate change measures, the current pace of transformation needs to increase.
The post-Hirak presidency: Tebboune’s promises and achievements two years on
On Dec. 19, 2019, Abdelmadjid Tebboune was inaugurated as the eighth president of the Algerian Republic. He took office in the midst of a turbulent political climate following the 2019 popular uprising known as the Hirak. With the confidence of just 40% of the electorate, Tebboune faced steep hurdles in establishing his popular legitimacy. However, beyond his own support, his presidency was also the response of the Algerian political establishment, centered around the military leadership, to the country’s political crisis. As Tebboune reaches the two-year mark of his term as president, it is a natural time to review his administration’s progress so far and assess how its promises and achievements stack up.
Three signs of impending famine in Syria absent immediate action
The pace of military action in Syria has plateaued. With the assumption of a frozen conflict comes the attendant assumption that humanitarian conditions are also likely to be stable. This could not be further from the truth. Humanitarian conditions continue to deteriorate, driven by three factors, and urgent action is now needed to avoid a famine.
The events of recent months, including a series of critical statements by international players about the reluctance of OPEC+ to raise output beyond its established quotas, have clearly demonstrated the changing realities in the oil market. In addition to global uncertainty, the dynamics between Saudi Arabia, Russia, and the U.S., as well as the actions of Asian oil consumers, have become other key factors shaping the cartel’s behavior.
أوبك بلس تواجه اختبارات جديدة لاستراتيجيتها لموازنة السوق في عام 2022
عندما أعلن البيت الأبيض في عهد الرئيس جو بايدن أنه قد نجح في ضم العديد من الدول الرئيسية المستهلكة للنفط في محاولة لتنسيق عمليات الإفراج عن احتياطيات البترول الاستراتيجية (SPRs) حول العالم، بدا أن هذا سيكون العامل الرئيسي الوحيد في أسواق النفط التي ستناقشه أوبك بلس في
Following the resignation of the finance minister and his replacement by a loyalist on Dec. 2, the Turkish lira continued its steady decline against the dollar, bringing its losses for the year to nearly 50%. The Central Bank of the Republic of Turkey’s early cuts to the policy rate since September have resulted in an exodus of foreign capital and a rush in demand for foreign exchange among domestic investors.
Energy Prospects in the Gulf: The Oil Price Ascent, in Brief
While oil prices have rebounded before soaring since the depths of collapse in the spring of 2020 — with Brent crude prices skyrocketing from $19 per barrel in April 2020 to a three-year high of $86 per barrel in October 2021 — the prospects for a sustained high oil price for Gulf producers is unlikely.
Iranians are disillusioned with Biden’s soft approach to the Islamic Republic
If the Biden administration makes concessions to appease the Islamic Republic of Iran as part of the recently resumed Vienna nuclear talks, it will be a historic mistake. The Islamic Republic is facing a deep legitimacy crisis of its own making, as a series of disastrous decisions have hardened the people’s views against the regime. These days, anyone who is seen to be throwing the Islamic Republic a lifeline will be wildly unpopular among Iranians.
OPEC+ faces new tests to its market balancing strategy in 2022
When President Joe Biden’s White House announced that it had successfully enlisted several major oil-consuming countries in an effort to coordinate releases from strategic petroleum reserves (SPRs) around the world, it looked like this would be the only major factor in oil markets that OPEC+ would need to consider at its upcoming meeting on Dec. 2. Then came Omicron. The newly discovered variant of the COVID-19 virus sent benchmark oil prices plunging on Nov. 26 as uncertainty over its impact roiled global markets.
The Fragile State of Food Security in the Maghreb: Implication of the 2021 Cereal Grains Crisis in Tunisia, Algeria, and Morocco
North Africa has entered a food security crisis. Tunisia, Algeria, and Morocco are witnessing food inflation levels not seen since the civil unrest of the Arab Spring a decade ago. Although the Maghreb’s current food crisis was precipitated by the local and global economic shocks brought on by the onset of the COVID-19 pandemic in 2020 and its 2021 aftermath, the structural fragility of the food systems in Tunisia, Algeria, and Morocco is responsible for severity of the problem. At the core of this fragility is the failure to implement adequate measures to address the impact of increased water scarcity and debilitating climate change.
The China-Pakistan Economic Corridor: Slower may be better
In September, China and Pakistan convened the tenth session of their joint coordination committee that oversees the CPEC — the largest of the BRI corridors. The long-anticipated meeting ultimately yielded no major breakthroughs. The momentum of CPEC appears to be losing steam once again, but for Pakistan, slower may actually be better.
Afghanistan’s economy is collapsing. The Taliban’s forceful seizure of power led to a curtailment of almost all foreign aid, a devastating development for a nation overwhelmingly dependent on international assistance. Widespread drought, pervasive corruption, the perennially inadequate use of the country’s human capital, and a population largely unvaccinated against COVID-19 have exacerbated this longstanding problem of foreign financial dependence.
During the National Day of Villages and Nomads in Iran on Oct. 6, President Ebrahim Raisi visited Kohgiluyeh and Boyer-Ahmad Province and spoke about combatting rural deprivation, an issue that has become central to Raisi’s domestic agenda.
Expert Views: What should be the key outcomes from COP26?
As the U.N. Climate Change Conference (COP26) kicks off in Glasgow, climate change is front and center on the global agenda. Few regions of the world have more at stake than the Middle East and North Africa, given the current environmental and sustainability challenges and potential future scenarios. Experts from across MEI weigh in with their thoughts on what should be the key outcomes from COP26.
