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.
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.
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.
Washington needs to find a new way of dealing with Lebanon
For too long, Washington has been an accomplice of the rampant corruption in Lebanon, choosing to look the other way as it deals with officials known to be implicated in various corrupt schemes.
Russia signals growing dissatisfaction with Syria’s Assad regime
In recent weeks, a flurry of commentary from prominent voices and publications in Russia has seen a wave of criticism directed at Syria’s Assad regime. Accusations have been leveled against the regime of corruption, warlordism, and incompetence, as well as an obsession with achieving unrealistic military objectives at the expense of dwindling resources, reconstruction, and political and economic reforms.
The Rami Makhlouf saga poses a dangerous challenge for Assad
In a series of videos posted on Facebook this week, Rami Makhlouf called out the upper echelons of Syria’s political establishment, of which he had been an integral part for over two decades. By making his feud public Makhlouf has created an unprecedented rift within loyalist ranks, transforming his dispute with Syria’s ruling elite from one that was tightly controlled and behind closed doors to an out in the open, nationwide row the likes of which haven’t been seen since Hafez al-Assad’s standoff with his brother Rifaat in 1984.
Egypt’s Suez Canal: A ray of light amid the economic gloom
It’s difficult to overstate the importance of the Canal to the international shipping trade, but it’s importance to Egypt economy is even greater still.
Waiting for the bad to get worse: Lebanon in the time of corona
In a country already beset by economic and financial crises, COVID-19-related lockdown measures, without accompanying government assistance, are increasingly pushing impoverished residents to the brink. Lockdown measures will gradually start to lift this week. But the lockdown only accelerated the inevitable economic freefall and lifting the measures will not solve the country’s economic woes. “There is a predicament coming that is much bigger than corona … the economy is the bigger crisis,” a political activist in Dahiyeh says.
The April 12 OPEC+ deal to cut oil production that ended the disastrous five-week Saudi Arabia-Russia price war is a short-term fix for the global industry, but will not resolve the larger problem of over-production. The price war heightened animosity between Riyadh and Moscow and calls into question whether the OPEC+ partnership will ever be the same again.
The oldest peer-reviewed publication dedicated to the study of the modern Middle East, MEI’s flagship journal covers politics, society, and culture in the region.
