Economics

The Middle East and North Africa faces a host of major environmental challenges, from water scarcity and food insecurity to climate change adaptation. In recognition of Earth Day on April 22 and in conjunction with MEI’s Climate Week 2021 events, we asked experts and scholars to weigh in with their thoughts on the most pressing environmental issues facing the region.

April 11, 2021 was to be a day of celebration and national pride marking the kingdom of Jordan’s centenary as a state — a geopolitical feat in itself few thought was possible a century ago. But instead of pomp and ceremony the festivities were overshadowed by stark events that took place a week before when the government unveiled a “plot” to destabilize the country involving a senior member of the royal family, a close former palace aide, and “outside entities.” This was an unprecedented development in the history of the kingdom and ruling monarchy. The implication of Prince Hamzah, the former crown prince and half-brother of King Abdullah, in a fuzzy conspiracy that is tantamount to a coup has shocked Jordanians from all walks of life. 

The announcement of the Comprehensive Strategic Partnership (CSP), a 25 year-long economic and development agreement between China and Iran, has immediately added to the intensifying discourse concerning US-China Geostrategic Competition. Nonetheless, a closer look at its implications suggests that it may be useful in achieving some U.S. goals with Iran: particularly regime modernization.

For many years, the United Arab Emirates (UAE) has thrived as a result of its ability to attract talent from abroad. On Jan. 30, 2021, Sheikh Mohammed bin Rashid al-Maktoum, the vice-president and prime minister of the UAE and ruler of Dubai, announced on Twitter[1] an amendment to the law that is designed to entice and retain foreigners by permitting a select group of expatriates to become Emirati citizens without giving up their original nationality.

It is time for Egypt to put a price on carbon. While Cairo has taken small steps toward developing a sustainability plan, it needs a bold idea to stop rising carbon emissions. Establishing a carbon exchange — or putting a price on carbon — would be good for the country and help make Egypt an environmental leader in the region.

For the past 18 months, Lebanon has been reeling from a wrenching economic crisis. This essay deciphers the crisis’s origin, describes the current juncture, and reflects on the likely outcomes in the proximate future.

The Middle East Institute and the American Task Force on Lebanon (ATFL) have collaborated with the Lebanese International Finance Executives (LIFE) to produce an urgent Lebanon-focused policy brief. The brief outlines recommendations to the Biden Administration for empowering an international coalition to support the Lebanese people and strengthen their capability to promote real change.

Recent moves by Chinese tech giants have raised concerns in Washington about Beijing’s technological outreach to developing nations. To stem the international growth of these companies, the U.S. has discouraged countries from adopting Chinese technologies through efforts like promoting the Clean Network Initiative. Countries across the globe often must choose between Chinese or Western technology, and these choices have broad implications.

Out of ill-will and incompetence, Lebanese decision-makers continue to violate macroeconomics’ most fundamental principles in their handling of Lebanon’s financial meltdown. Erroneous — or worse still, inexistent — fiscal and monetary policy choices are amplifying by the day the devastating socioeconomic repercussions that the country will face for years, if not decades, to come.