Jordan’s Economy Weathers Iran War’s Shocks and Finds New Opportunities
In the summer of 2003, King Abdullah II told Bloomberg Jordan sits “between Iraq and a hard place,” a play on words designed to describe the kingdom’s challenging environment to an American audience amid the US-led Iraq war to the east and the lingering Palestinian-Israeli conflict to the west. Jordan is grappling with a much “harder place” today.
Gulf Political Economy: The Cost of Accommodating Iran
There may be no near-term resolution to the conflict between the United States, Israel, and Iran. The cease-fire and memorandum of understanding (MoU) signed on June 18 have broken down, there is little diplomatic engagement, and new flare-ups in early September indicate a further round of escalation. Gulf states may have no choice but to protect their assets and populations while trying to deter Iran by finding mechanisms of both containment and accommodation.
Gulf Energy Markets: The Region’s Edge Will Survive — At a Price
Across the Gulf, views differ widely on how the Iran war can and should end, and what the region will look like once it does. Yet on the crisis over the closure of the Strait of Hormuz, the view is near-unanimous that a repeat is not only possible but likely. That expectation, more than any single incident over the past year, is becoming a major driver of decision-making in industry and policy circles alike.
Justice and the rule of law: The World Bank in need of reinventing itself
Today, on the streets of Iraq, Lebanon, Egypt, Algeria, Tunisia, Morocco, and other countries, we hear the demands of the youth, asking for justice, governance, dignity, and jobs. In contrast to these demands, we see governments unwilling or unable to move towards systems of governance that would ensure transparency, accountability, and fair competition for all. Corruption can only be vanquished if transparency, a rigorous justice system, and credible redress mechanisms are put in place. The World Bank can and must re-engage on that path.
A crisis of confidence as Iraq’s protests continue amid violence
Only one leader has the moral standing and mass appeal to be able to move Iraq out of the deadly stalemate in which it now finds itself and which may degenerate into more violence and chaos if the status quo is not upended: Grand Ayatollah Ali al-Sistani.
A need for mediation in Lebanon as the government and protestors reach a standstill
It remains to be seen how resilient the protest movement is and how long it can remain mobilized for, especially if political leaders refuse to change their stance.
The Future Investment Initiative: A window on the kingdom’s future or a PR stunt?
The FII’s public relations bash is important in that it shows the world that the leadership of the kingdom has an ambitious and real vision to move the country forward.
Once again, an elected Pakistani government is being pressed to resign
While there is probably zero chance Prime Minister Khan will step down, efforts will persist in trying to delegitimize those in power because this is what Pakistan’s opposition parties seem best programmed to do.
As protestors take to the streets across the country, Lebanon appears to be heading towards an economic meltdown with severe consequences for Lebanese citizens of all walks of life. We are concerned that failure to tackle current problems immediately and comprehensively could result in spiraling unemployment, uncontrollable inflation, more social unrest, civil strife and a severe deterioration in public health services and other basic resources.
Lebanon’s current uprising, larger than the Cedar Revolution and rooted in long-held socio-economic grievances, has united protestors across the country in calls for fundamental political change. And this time, Shiites have joined the struggle. This is not a good outcome for Hezbollah — nothing threatens it more than discord within the Shi’a community — and it now finds itself in uncharted territory.
Something had to give. Decades of corruption and criminal mismanagement by Lebanon’s ruling elites — the same clique who have governed the country since its independence in 1943 — have finally led to an economic implosion and a social explosion.
Putin reaps benefits of Trump’s Middle East policy collapse
Putin’s visit to Saudi Arabia and the UAE takes place as the U.S. position in the Middle East collapses in the face of a series of misjudgments and “own-goals” by the Trump administration.
Iraqi youth protesters: Who they are, what they want, and what’s next
“We reached a level of injustice we could no longer take. For every action, there is a reaction,” explained one civil society activist following the Oct. 1 outbreak of protests in Baghdad and central and southern Iraq.
Fair competition is needed to economically empower women in the Arab world
Female labor force participation levels in Arab countries are the lowest in the world — despite the rising educational attainment of women reaching working age. Indeed, young women across the Arab world exceed the education levels of young men, who are worrisomely falling behind. Remedying the underrepresentation of Arab women in the labor force and reviving the educational motivation of young men are both social and economic imperatives.
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.
