Economics

Since the end of the civil war in Syria, government officials have inaugurated high-end tourist projects and upscale urban housing schemes, while at the same time preventing Syrian refugees and internally displaced persons from returning to their ruined neighborhoods or rebuilding their demolished homes. The focus on luxury housing in a country devastated by conflict and within a city suffering from massive destruction and housing shortages encapsulates the contradictions of the regime’s policy for reconstruction and early recovery not only in Damascus but in the whole country.

In a landmark move signaling the growing importance of the Middle East in the global tech landscape, Google has entered into a strategic partnership with Saudi Arabia’s Public Investment Fund (PIF), the kingdom’s sovereign wealth fund. The partnership underscores the “growing interlink” between AI and energy, as Saudi Arabia — along with the United Arab Emirates and other Gulf states — uses its energy surplus to power data centers, a critical pillar of AI infrastructure.

Israel’s escalation of its military campaign against Hezbollah in Lebanon has severely disrupted the cross-border flow of goods into Syria that have long served as a critical lifeline for Damascus. These interruptions have worsened existing shortages, triggering sharp increases in the prices of essential commodities for Syrian who were already struggling economically.

A leader in renewable energy in the Middle East and North Africa, Morocco is developing a dynamic green energy ecosystem that is beginning to incorporate renewable power into major sectors of its economy. Moving forward, renewable energy and the green energy ecosystem hold significant potential to drive the creation of employment opportunities for its growing population. Indeed, the expansion of green industrial manufacturing and agricultural production in Morocco could become the engine of sustainable human development more broadly. This case study explores current and planned efforts to expand the kingdom’s renewable energy sector and green energy ecosystem, assessing the opportunities and challenges in using these new green industries as a driver of long-term employment, particularly among women, youth, and rural populations.

The strategic alliance between Pakistan and China, driven largely by opportunism and geostrategic interests, seems unshakable. However, the extent of its mutual benefit remains under scrutiny, especially for Islamabad, whose reliance on Beijing continues to deepen. Although China claims to base its foreign policy interactions on five key principles — respect for sovereignty, non-aggression, non-interference, equality and mutual benefit, and peaceful coexistence — its dealings with Pakistan indicate an unequal power dynamic that primarily serves its own interests. This imbalance in the Pakistan-China strategic alliance has led to a situation in which Islamabad’s autonomy is increasingly curtailed, and its vulnerability to Beijing’s influence is becoming more apparent.

When President Mohamed bin Zayed Al Nahyan (MbZ) of the United Arab Emirates visited the White House on Sept. 23, the joint US-UAE statement was one of the most extensive yet covering pledges to cooperate on nearly every technological sector and signaling a clear goal to shift the bilateral relationship away from hydrocarbons.

A cycle of retaliation against energy assets, though far from a guaranteed outcome, would be to the detriment of all and the benefit of none.

In the corridors of power in Brussels, it is common to hear that the position of the EU High Representative for Foreign Affairs and Security Policy is an impossible job. It may actually become even more difficult for the outgoing Estonian Prime Minister Kaja Kallas, who is set to succeed the Spanish Josep Borrell as the European Union’s foreign policy chief in the coming weeks.

Azerbaijan seeks to establish itself as a major actor in the global energy transition space as it prepares to host the 2024 UN Climate Change Conference (COP29) in Baku, on November 11-22. COP29 offers many opportunities to improve US-Azerbaijani energy cooperation, including by coordinating the United States’ clean energy technology goals with Azerbaijan’s renewable energy revolution.

The ongoing effort by various factions in Libya to gain control of the Central Bank of Libya (CBL) poses a clear and present danger for the entire country, threatening its safety and security as well as its economy.

As the Middle East becomes more autonomous and empowered domestically, the leaders in the region might consider more synergetic relations with each other and prepare national long-term plans that provide a balanced and integrated approach to social, technological, environmental, economic, and political development and progress.

Digital transformation will play a key role in shaping relations between Europe and the MENA region, but despite these high-level announcements, EU strategy and programming on the ground would need to expand to meet the region’s requirements and serve the EU’s strategic interests.

Afghanistan has long been an arena for proxy contestations by regional powers, which have adopted rather divergent Afghan policies over the past several decades of foreign occupation and are doing so again now when the country is in the vicelike grip of a resurgent Taliban.