A storm brews over the Black Sea: Turkey’s contradictory maritime policy
Turkey’s official policy supports the territorial integrity of Ukraine and Georgia, and it sells UAVs and ships to Ukraine. Yet, trade continues with the Russian-occupied territories of Abkhazia and Crimea. By allowing this illegal trade, Turkey undermines both its own credibility and its trading partners’ security. Shipped goods not only help connect occupied zones to Russia, but trade also brings hard currency into these zones, which are outside the international banking system.
Looking ahead to COP26: How recent developments could shape this year’s meeting
Next week, tens of thousands of world leaders, negotiators, scientists, business executives, activists, and observers from all over will gather in Glasgow, Scotland for the 26th United Nations Climate Change Conference, which will run from Oct. 31 to Nov. 12. Also known as the Conference of the Parties (COP), this distinguished body meets annually to make decisions regarding the implementation of the United Nations Framework Convention on Climate Change (UNFCCC), which aims to “prevent anthropogenic interference with the climate system.”
Why Hezbollah wanted the Ministries of Finance and Public Works
After 13 months of political gridlock, economic collapse, and civil unrest, Lebanese politicians formed a new government on Sept. 10. Three-time Prime Minister Najib Mikati heads a new cabinet, the first since the previous one resigned in the wake of Beirut’s devastating port blast in August 2020. Though the formation of a new government provides a way forward to address the myriad crises facing the country, it falls far short of the near-revolutionary changes demanded by Lebanese citizens protesting in the streets. Instead of non-partisan specialists forming a new unity government, Lebanon’s notorious sectarian elites have handpicked a government of technocrats close to them to handle the current situation, the most brazen of which are the new ministers of finance and public works.
The kingdom is unlikely to achieve net zero emissions soon, but the ambition to do so, and the plan, is an impactful step in the right direction, write Jim Krane and Karen E. Young in their new piece for Al-Monitor.
Far from a benefactor, the Turkish government is exploiting Somalia’s fragility
A decade has passed since Turkish President Recep Tayyip Erdoğan landed in Mogadishu at the height of one of Somalia’s worst famines, announcing grandiose projects like the launch of Turkish Airlines flights to the Somali capital, the remodeling of a hospital, and the opening of the biggest embassy in Africa, all designed to show that Turkey’s mission goes well beyond aid and that Ankara is an alternative to Somalia’s traditional donors. Erdoğan’s historic visit earned him high praise throughout Somalia. Although his trip appeared to be a heartfelt humanitarian mission, in reality it was part of a long-term, strategically planned effort. A decade on, Somalis are starting to realize that Turkey has evolved from friend to foe, trade partner to trade protectionist, state builder to outright spoiler.
The Middle East is at the center of our global energy transition and we can expect the next five to ten years to be a period of difficult transformation, but also unique opportunity for oil and gas producers.
The perils of personalizing power: Erdoğan’s one-man rule has made him increasingly vulnerable
Turkish President Recep Tayyip Erdoğan long believed that establishing one-man rule would end all his headaches. Instead, the system he created has only caused him more trouble. So great is Erdoğan’s remorse that he is now said to be thinking of amending the executive presidency to strengthen the role of parliament.
Cost of Conflict: An Analysis of the Costs of Russia’s Ongoing Hostilities in the Black Sea Region
Conflicts are enormously destructive. They destroy lives and property, uproot communities, and reduce the economic potential for all involved. This devastation often has an unaccounted cost, both in terms of the obvious direct destruction of lives and assets, as well as the indirect costs that weigh on economies, often for years to come. This is true of all conflicts, and has certainly been true, and visible, during Russia’s unjustified and illegal invasions of its neighbors, Georgia and Ukraine.
Overcoming unemployment in Jordan: The need for evidence-based policies
In the last few years, it has become conventional wisdom that unemployment is Jordan’s most pressing challenge. While King Abdullah himself has stressed on many occasions that reducing unemployment is a top priority, the number of unemployed is still on the rise. This problem can be overcome with evidence-based active labor market policies, which are lacking in Jordan.
Thinking MENA Futures: The Next Five Years and Beyond
The Middle East and North Africa (MENA), for a variety of reasons, are unrivaled in their need for bold, creative thinking about their future. But that is precisely why creative thinking about the future of the region — why strategic foresight — is essential. Produced in conjunction with MEI’s Strategic Foresight Initiative, Thinking MENA Futures aims to map out some of the possible futures for the region, as envisioned by thoughtful innovators working today to realize them.
After three years of decline and instability, the Iranian economy has stabilized. Some of the macroeconomic indicators, especially inflation, remain worrying, but the country’s GDP has returned to marginal growth, which is a reminder that the economy has been resilient in the face of massive external and internal pressures. Experts agree that the diversity of economic activity has been the key reason for this resilience. This piece explores three potential medium-term scenarios: 1) A return to the JCPOA; 2) An interim deal that would ease the sanctions pressure; and 3) A continuation of the current sanctions regime.
On Oct. 4, MEI hosted a discussion with Dr. James Zogby, president of the Arab American Institute and founder of Zogby Research Services (ZRS); Elizia Volkmann, a British freelance journalist based in Tunis; and Dr. Eya Jrad, researcher and assistant professor of security studies at the Ministry of Higher Education and Scientific Research Tunisia. The conversation revolved around the findings of a ZRS survey of 1,551 Tunisians conducted between Aug. 15 and Sept. 5 covering their attitudes and optimism regarding the future.
What’s driving Turkey’s early easing of monetary policy?
At its Sept. 23 meeting, the Central Bank of the Republic of Turkey (CBRT), in a surprise move, cut its policy rate (1-week repo rate) 100 basis points to 18.00%, while headline inflation was 19.25% (currently 19.58%). This is an interesting development as most central banks around the world have just started preparing to implement tighter policies.
Algeria: Amid concerns about the pandemic and its economic impact, some optimism for the future
The Arab Barometer’s survey results for Algeria paint the picture of a population understandably worried about the COVID-19 pandemic and its economic impact. In surveys carried out in the country from August 2020 to April 2021, the spread of the virus and the business outlook consistently emerged as the top two challenges ahead, with economic concerns rising to the top position and overtaking the health situation over this period. Because of the spread of the Delta variant, Algiers has been struggling to contain the transmission of the virus. New cases and deaths quickly escalated between July and August 2021, taking the health care system to the brink of collapse.
Iran came one step closer to becoming a full member of the Shanghai Cooperation Organization (SCO) last week with the approval of its bid, 15 years after it first applied. The accession process is expected to take up to two years to complete.
