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Economics

The India-Middle East-Europe Economic Corridor
  • Backgrounder
  • The India-Middle East-Europe Economic Corridor

    The India-Middle East-Europe Economic Corridor (IMEC) is a proposed multinational infrastructure initiative aimed at upgrading connectivity between the three regions through integrated trade, energy, and digital networks. Announced at the G20 summit in New Delhi in September 2023, IMEC is envisioned partially as a counterweight to China’s international infrastructure project, the Belt and Road Initiative.

    June 3, 2026

    Syria’s New Investment Law and the Return of State-Mediated Market Access
  • Analysis
  • Syria’s New Investment Law and the Return of State-Mediated Market Access

    As Syria moves toward reconstruction, the country’s new authorities have already made a consequential decision about who will control the postwar economy. Last June, President Ahmed al-Sharaa enacted Investment Law 114 by presidential decree, granting sweeping and permanent concessions to investors. Yet rather than make those incentives broadly accessible, the law preserves the country’s longstanding model of state-mediated market access.

    May 21, 2026

    MENA Energy Recap, Q1-2026: Four Lessons From the Return of Tail Risk
    Photo by Elke Scholiers/Getty Images
  • Report
  • MENA Energy Recap, Q1-2026: Four Lessons From the Return of Tail Risk

    This is a special edition of the MENA Energy Recap — a quarterly review of key energy developments that took place in the region from January through March of 2026 and what they signal in the months ahead. For Q1-26, the recap considers some of the long-term implications of the ongoing war in the region, which have caused the largest energy supply disruption in history, and what lessons these events hold for both near- and long-term energy dynamics in both the Middle East and the wider world.

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    Iran, Turkey, and the future of the South Caucasus
    Photo by Fatih Aktas/Anadolu Agency via Getty Images
  • Analysis
  • Iran, Turkey, and the future of the South Caucasus

    Since late September 2021, Tehran and Baku have engaged in a process of de-escalation, largely focused on economic cooperation and regional transportation links. Such efforts should be welcomed, but underlying geopolitical tensions, especially the Iranian-Turkish competition for influence in the South Caucasus, can still derail them at any moment.

    Tunisia’s food shortages shine a spotlight on its core economic failings
    Photo by ANIS MILI/AFP via Getty Images
  • Analysis
  • Tunisia’s food shortages shine a spotlight on its core economic failings

    President Kais Saied’s war on speculation is attempting to direct the focus of people’s anger about food shortages onto speculators. A recent emergency importation of grain has stayed off the emptying of shelves, but as the country’s treasury empties and eventually products begin to disappear from stores again, the people’s patience and faith in his new political project will wear very thin. For now, he is profiting from national exhaustion, but how long till hunger becomes anger and anger becomes a movement?

    April 28, 2022

    Pairing renewables with energy storage could help MENA states to realize their green goals
    Photo by FADEL SENNA/AFP via Getty Images
  • Analysis
  • Pairing renewables with energy storage could help MENA states to realize their green goals

    MENA countries are currently home to nearly 15% of the world’s installed energy storage capacity, but this total will need to grow to enable variable renewable energy systems to be integrated into the region’s power grids in a flexible and stable manner.

    April 26, 2022

    Has Imran Khan’s ouster opened a Pandora’s box in Pakistan?
    Photo by ARIF ALI/AFP via Getty Images
  • Analysis
  • Has Imran Khan’s ouster opened a Pandora’s box in Pakistan?

    Khan’s removal has served to galvanize and perhaps even expand his support base and his opponents among the senior brass of the army and in the political class have unwittingly rehabilitated his public image. As Khan’s political fortunes have improved, the new coalition government is struggling to handle the hot potato of a deteriorating economy and the army is facing criticism unprecedented in recent years.

    April 26, 2022

    A sharp rise in inflation forces Egyptians to cut expenses
    Photo by Ahmed Gomaa/Xinhua via Getty Images
  • Analysis
  • A sharp rise in inflation forces Egyptians to cut expenses

    While the holy month of Ramadan is known for increased food consumption in Egypt and other Muslim-majority countries, Elham Mohamed, 40, a government employee, said it was very difficult for her just to make ends meet this year. “I had to give up many of the items I usually buy during Ramadan,” she said. “Prices have gone crazy. Even the basics, such as bread, rice, sugar, flour, eggs, and cooking oil, have all gone up,” she added.

    April 25, 2022

    The Biden administration promises US LNG for Europe. How does that work?
    Photo by Mark Felix/Bloomberg via Getty Images
  • Analysis
  • The Biden administration promises US LNG for Europe. How does that work?

    On March 25, 2022, President Joe Biden announced an agreement committing the U.S. LNG industry to supply an additional 15 bcm of LNG to Europe through the remainder of the year. The agreement also envisions U.S. LNG increasing supply to Europe to 50 bcm through 2030, equating to approximately one-third of the EU’s gas imports from Russia in 2021.

    April 21, 2022

    US-Gulf Relations at the Crossroads
  • Podcast
  • US-Gulf Relations at the Crossroads

    Amb. Gerald Feierstein, Bilal Saab, and Karen Young join guest host Brian Katulis to discuss their recent MEI policy paper, US-Gulf Relations at the Crossroads: Time for a Recalibration, and why they believe now is not the time to disengage from the region.

    April 15, 2022

    Iran-Africa relations under Raisi: Salvaging ties with the continent
    Photo by Iranian Presidency / Handout/Anadolu Agency via Getty Images
  • Analysis
  • Iran-Africa relations under Raisi: Salvaging ties with the continent

    Since the beginning of his presidency, Raisi has called for increasing cooperation with Africa. Contrary to popular perception, this is not part of a hegemonic project to further expand Iranian influence in Africa. Rather, it constitutes an effort to reset relations with the continent after his predecessor spent eight years neglecting it.

    April 11, 2022

    Understanding Algerian unemployment policies beyond rent redistribution
    Photo by RYAD KRAMDI/AFP via Getty Images
  • Analysis
  • Understanding Algerian unemployment policies beyond rent redistribution

    In February 2022, Algerian President Abdelmadjid Tebboune announced a new unemployment benefit for first-time jobseekers aged 19 to 40. On March 28, 580,000 young Algerians received their first $90 monthly payment. Though many young people have rushed to the offices of the National Employment Agency (ANEM) to register for the new benefit, potential problems have already cropped up.

    April 8, 2022

    Saudi Arabia’s international natural gas aspirations
    Maya Siddiqui/Bloomberg via Getty Images
  • Analysis
  • Saudi Arabia’s international natural gas aspirations

    Saudi Aramco seeks to enter the global gas business again. The company aims to build new business opportunities in the hydrogen and CCS sectors utilizing forecasted new domestic gas production. Its main challenges are long-term consistent commodity-cycle-insulated investment and domestic gas resources.

    April 6, 2022

    US-Gulf Relations at the Crossroads: Time for a Recalibration
    Photo by JONATHAN ERNST/POOL/AFP via Getty Images.
  • Analysis
  • US-Gulf Relations at the Crossroads: Time for a Recalibration

    The global response to Russia’s invasion of Ukraine has focused new attention on friction between the United States and its traditional partners in the Gulf and reinforced skepticism regarding the United States’ status as the dominant international partner in the region. It’s time for both sides to identify a realistic way forward that sheds outdated notions of mutual obligation without becoming merely transactional.

    April 5, 2022

    How Biden can rebuild U.S. ties with the Gulf states
  • Commentary
  • How Biden can rebuild U.S. ties with the Gulf states

    As tensions between the United States and the Gulf monarchies have been laid bare in recent weeks against the backdrop of Russia’s war in Ukraine, spiraling energy prices, and Houthi attacks on Saudi and Emirati territory, it’s clear that there will not be a return to the U.S.-Gulf partnership of the past—but there can be a new understanding between the two sides.

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