Jean-François Seznec and Samer Mosis, authors of “The Financial Markets of the Arab Gulf: Power, Politics and Money,” join host Alistair Taylor for a deep dive on Saudi Arabia’s financial markets and the challenges facing its economic development.
Saudi Crown Prince Mohammed bin Salman has wrapped up another round of checkbook diplomacy, showering up to $100 billion on Pakistan, India, and China during his visit to the three countries in late February. The trip was important for another reason as well: It showcased a new Saudi strategy of playing a more assertive foreign-policy role far beyond the Middle East.
Although the Gulf is not highlighted on the official map of China’s Belt and Road Initiative, it is one of the main regions where the BRI is being implemented. On the occasion of President Xi Jinping’s speech at the 6th Ministerial Conference of the China-Arab States Cooperation Forum in June 2014, he declared the regional countries as being “natural cooperative partners in jointly building the BRI.” Since then, Chinese state and private firms, banks, and financial institutions have embarked on efforts to advance the BRI in the Gulf, particularly in the energy sector.
The alliance between Morocco and Saudi Arabia has historically been strong, bolstered by shared concerns about regional turmoil in the aftermath of the 2011 Arab Spring protests, but recent tensions have brought bilateral relations to an all-time low. Last month, frictions between Rabat and Riyadh came to the fore when Morocco recalled its ambassador from Saudi Arabia.
The ongoing civil conflict in Yemen is a continuation of a cycle of violence, political upheaval, and institutional collapse, caused by the failure of Yemeni society to address and resolve the popular anger and frustration arising from political marginalization, economic disenfranchisement, and the effects of an extractive, corrupt, rentier state.
This article highlights how the lesser-known issue of sea level rise makes Arab states increasingly vulnerable to climate change. Using the city of Doha as a case study to highlight how sea level rise represents a critical threat to many Arab coastal cities and a national security challenge to Gulf Arab nations, this article underscores the need for greater anticipation in the region’s urban planning of the risks posed by climate change and sea level rise.
Geopolitically, the Iranian Revolution did more to transform the Middle East than any other event in the second half of the 20th century. It aimed to restructure not only Iran’s society and political system, but also others across the Islamic world. Refusing to align with either the United States or the Soviet Union in the Cold War, the newly established Islamic Republic sought to create a new geopolitical order in the Persian Gulf and greater Middle East based on a mantra of “neither East nor West.”
With more of their geopolitical goals aligning, ties between Riyadh and Moscow are growing closer, and the kingdom plans to invest billions of additional dollars in Russian petroleum and other projects.
Power dynamics between the major global and regional powers have indirectly influenced the civil wars currently plaguing the Middle East. The distribution of power caused by end of the Cold War facilitated the creation of two opposing camps that later competed for regional primacy in the civil wars of Iraq, Syria, and Yemen.
This article compares the local responses to the 2012-2018 outbreak of Middle East Respiratory Syndrome (MERS) to that of the Avian Influenza outbreak in Southeast Asia from 2003-2015. How well do countries cope with the spread of new and deadly diseases? Why are some countries better at addressing the problem than others? And, what does this tell us about larger questions concerning states’ abilities to provide public goods (in this case health security) to their citizens and about global systems to prevent pandemics? What this comparison demonstrates is that countries with the ‘strongest’ state capacity to make and implement policy are best able to confront disease outbreaks.
Unlike other cases of repression against Muslims around the world, such as Myanmar, the Gulf monarchies have been silent about the “cultural cleansing” taking place in China’s Xinjiang Province.
Since Sheikh Tamim became emir in 2013, and especially since the diplomatic and economic blockade of Qatar began in mid-2017, Doha and Mexico City have begun to develop an increasingly fruitful partnership.
The launch of King Salman Energy Park, a new megaproject intended to reinforce Saudi Arabia’s position as a global energy hub, reflects a more cautious approach to economic development in the kingdom and foreshadows a less ambitious economic agenda in 2019.
In our first episode of 2019, MEI experts Paul Salem, Charles Lister, Ahmad Majidyar, Randa Slim, Gonul Tol, Robert Pearson, and Gerald Feierstein discuss the significant policy developments and announcements of the past few weeks and outline the major issues to watch in the year ahead.
This article discusses the broad effort by Korean firms — supported by three successive administrations — to enhance their position in the fiercely competitive Gulf regional market at a time when the domestic economy is sputtering.