In an effort to boost its economic competitiveness, Qatar is hedging its bets on emerging technologies. The Gulf sheikhdom, eager to diversify its gas-dependent economy, is cultivating various technological areas, notably artificial intelligence (AI).
During the Munich Security Conference in February 2020, Saudi Arabia’s foreign minister, Prince Faisal bin Farhan, signaled that the Saudi-Houthi backchannel talks were not “ready to move to the highest level.” However, the situation changed following the Houthi ballistic missile attack on Jazan and Riyadh in late March, and on April 8, the coalition’s Joint Forces Command
Since the 1970s “oil boom,” Indian migration to the Gulf has served as a valuable source of income for the nation and as the backbone of the economies of high-migration states such as Kerala through the transfer of remittances. However, the outlow of Indian migrants to the region has recently slackened while return migration has increased due to economic slowdowns, fluctuating oil prices, and changes in Gulf labor policies. The future of India-Gulf migration is further clouded by the Coronavirus pandemic, which poses unprecedented health and livelihoods challenges for the millions of Indians working in the Gulf, as well as for the families and communities that depend on them — and presents a daunting test for the Indian government.
The Houthis’ lack of interest in halting their military operations could displace millions of civilians in the midst of a potential COVID-19 outbreak, defeating the very purpose of the cease-fire.
The Middle East is facing an unexpected turning point. The region will not look the same after COVID-19 as it did before it. The geoeconomics and geopolitics of the world are in free fall because of COVID-19, the oil price war, and a severe economic shutdown. For the Middle East and the Gulf monarchies in particular, the oil price war against Russia and U.S. shale and the shutdown of economies around the world have increased the pressure on the Gulf’s already-depleted financial resources, which usually act as a safety valve for the turbulent region.
Saudi Arabia’s recent decision to call for an urgent OPEC+ meeting was driven by a simple logic. In spite of its obvious advantages over other oil producers, the kingdom is still taking serious risks as it pursues an oil price war.
This Thursday, a postponed virtual meeting of “OPEC+ and Friends” will determine the level and seriousness of participation in a global oil pact.
Cratering demand for Qatar’s main exports has reduced its income to a fraction of what it was last year, but its nest egg is held in very illiquid assets.
On March 26, 2015, the former Saudi ambassador to the U.S., Adel al-Jubeir, announced the beginning of a Saudi-led military campaign in Yemen to curtail Iran’s influence in the country, reinstate the regime of President Abed Rabbo Mansour Hadi in Sanaa, and deter the Iranian-backed Houthi threat. Five years on, however, the objectives of Operation Decisive Storm are far from realized, and the situation on the ground is as volatile as ever.
Saudi Arabia declared a price war against Russia in early March to prove a point: that it can offer an unprecedented supply of 12.3 million barrels per day (bpd), way above the record 11 million bpd it reached in November 2018, and expand its market share at the expense of Moscow. As the coronavirus pandemic brings the world to a standstill, the question is how long it can sustain this war.
MEI’s Paul Salem, Khaled Elgindy, and Fatima Abo Alasrar join host Alistair Taylor to discuss the coronavirus pandemic’s impact on the Middle East as nations scramble to contain the spread of COVID-19 and the massive humanitarian and economic toll it could take on already vulnerable populations.
11 scholars and experts from across MEI weigh in with the latest on how the coronavirus pandemic is affecting the Middle East.
By keeping the focus on Saudi Arabia, the UAE, and the U.S., and covering up Iran’s failure in dealing with the pandemic, the Houthis are trying to absolve themselves and their patrons of responsibility.
From Morocco to Afghanistan, the scholars and experts at MEI take a closer look at how the COVID-19 coronavirus pandemic is affecting the Middle East.
Just a week after Houthi rebels took control of al-Hazm, the capital of al-Jawf Province, on March 1, UN Special Envoy for Yemen Martin Griffiths paid an unprecedented, one-day visit to the Houthis’ likely next target, oil-and-gas-rich Marib, reiterating the urgent need for de-escalation.