In March, Egypt’s Supreme Administrative Court suspended the country’s long-awaited parliamentary elections,[1] originally scheduled to begin March 21.
Egypt is not out of the dark, but there is reason to be hopeful. The nation’s energy market reforms and consistent debt repayments have won the attention and approval of international energy companies and investors in the form of significant investment in the Egyptian energy sector. New upstream (exploration and production) oil and gas contracts, a recent increase in renewable energy ventures, and dozens of additional preliminary agreements in both the hydrocarbon and utility sectors are proof of the improved investment climate.
Saudi Arabia’s military intervention in Yemen is a risky move motivated by various Saudi objectives in Yemen and in the region. The immediate objective is to save President Abdu Rabbu Mansour Hadi from Ansar Allah’s advance on Aden and reinstall him as head of state by forcing Ansar Allah to make major political concessions. But the operation also marks the increasing willingness of the Saudis to use their own military rather than rely on the United States.
With its bold and public intervention in Yemen’s civil war, Saudi Arabia has cast off a half-century of caution and restraint in regional security affairs.
Saudi Arabia’s late King Abdullah first conceived of the Egypt Economic Development Conference (EEDC) as a means of supporting Egypt and its new government after the toppling of President Mohamed Morsi in June 2013. The plan was to provide a forum through which donors could coordinate their economic assistance, and lengthy preparations finally culminated in a well-organized event on March 13-15.
Egypt’s President Abdel Fattah el-Sisi has not been shy about the need to reform religious discourse and relations.[1] He is concerned about how the image of Islam has been marred by Muslims themselves, and how extremist thought has torn the fabric of Muslim-Christian unity. Visiting the Coptic Orthodox cathedral on Christmas Eve, he told the cheering audience, “We will build Egypt together.
Ivan L. G. Pearson’s In the Name of Oil: Anglo-American Relations in the Middle East, 1950-1958 provides a comprehensive analysis of the extent to which British interests in the Middle East influenced or were furthered by the United States between 1950 and 1958.
Frustrated by the United States’ failure to heed its advice on Syria and Iraq, and by Iran’s growing clout in these countries, Turkey seems to have decided to mend its frosty relationship with Saudi Arabia. When King Abdullah died earlier this year, Turkish President Recep Tayyip Erdogan immediately cut short an African tour and flew to Riyadh to offer his condolences. He declared a period of mourning in Turkey and ordered the Turkish flag to be flown at half-mast.
The death of King Abdullah in late January 2015 brought a seamless transition of power in Saudi Arabia. Crown Prince Salman acceded to the throne and Prince Muqrin became crown prince, while Prince Muhammad bin Nayef, minister of the interior, became second deputy prime minister and the first grandson of Ibn Saud in line for the throne. Despite speculation to contrary, the smooth transition was strong evidence of a preexisting agreement that included the late king, Salman, and other senior princes.
Egypt’s Economic Development Conference will be held in Sharm el-Sheikh March 13-15, 2015. The conference aims to lay out the Egyptian government’s economic vision and plans for reform and position Egypt as a desirable destination for international investment. We spoke with Hoda Selim, an economist at Egypt’s Economic Research Forum, about the country’s current economic position and how the conference could help.
On March 13, Egyptian President Abdel Fattah el-Sisi will inaugurate the Egypt Economic Development Conference in the resort city of Sharm el-Sheikh. The main objective of the conference is to put Egypt back on the world investment map. Sisi’s government is aiming to achieve a target of $60 billion of foreign investment in the coming five years. This ambitious amount would close Egypt’s resource gap and would generate sufficient growth to absorb growing unemployment.
As 2014 drew to a close, the Egyptian economy was making international headlines. The Financial Times called Egypt the world’s best destination for stock market investment.[1] Meanwhile, the Egyptian press documented a flurry of visits by delegations of businessmen from various economic superpowers.
This article was first published by The National Interest.
The Middle East is experiencing unprecedented upheaval, and by all indications the region is likely to remain in turmoil for the foreseeable future. From Yemen to Bahrain to Syria and Lebanon, the sectarian agendas and geopolitical maneuverings of the two regional heavyweights – Iran and Saudi Arabia – will likely remain the key drivers fueling the regional fire.
“Crises left to fester sometimes find their own way to the front burner.” Written on January 5, 2015, this sentence reflected my fear that starving Libya of high-profile international attention was increasingly risky. The beheading of 21 Egyptian Coptic Christians in Libya by Islamic State (ISIS) extremists this week appears to have placed the situation in Libya front and center.