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.
Saudi Arabia travels back to the future with King Salman Energy Park
The launch of King Salman Energy Park, a new megaproject intended to reinforce Saudi Arabia’s position as a global energy hub, reflects a more cautious approach to economic development in the kingdom and foreshadows a less ambitious economic agenda in 2019.
As Syria looks to rebuild, sanctions remain a major barrier to trade and investment
As the conflict in Syria concludes, the next phase will center on rebuilding and will require hundreds of billions of dollars in investment. For now though, sanctions imposed by the U.S., U.K., and EU block money from flowing in.
Border opportunities: Reviving the Jordan-Syria free trade zone
The reopening of the Naseeb-Jaber border crossing offers an opportunity to address the pressing political, economic, and humanitarian challenges confronting Jordan.
In this week’s Monday Briefing, MEI experts discuss recent and upcoming events including the Iraq-Kurdistan pipeline deal, how the YPG partnership affects US-Turkey ties, and the new Russia-Turkey gas pipeline.
The American decision to reimpose sanctions may result in a new wave of tensions between the U.S. and EU as European companies have benefited significantly from growing trade with Iran.
Syria's war economy exacerbates divide between rich and poor
Now that armed conflict has ended in most provinces, the war is no longer an excuse for Syria’s growing wealth divide, and discontent is on the rise in government-controlled areas.
MEI’s Alex Vatanka and Jean-Francois Seznec join host Paul Salem to discuss the impact of incoming U.S. sanctions on Iranian energy exports on Iran’s economy, the Gulf, and energy markets in general.
Last week, major news outlets reported that China National Petroleum Corporation had acquired French oil and gas company Total’s share in the development of Iran’s South Pars gas field, citing an elusive article published by Iranian state news agency IRNA.
In this week’s Monday Briefing, MEI experts Gonul Tol, Robert S. Ford, Randa Slim, and Marvin G. Weinbaum provide analysis on Turkey’s currency crisis, talks in Ankara over the future of Idlib, Abadi’s chances of clinging to the premiership, and the Taliban’s capture of Ghazni.
Oman’s Transition to a Post-Oil Economy: Arching Toward Asia
The development of Duqm Port and Special Economic Zone (SEZ) is at the forefront of Oman’s efforts to transition to a post-oil economy. The Malaysian economic transformation management model, the Singaporean example of achieving prosperity through combining free trade and business-friendly policies with its role as a trans-shipment and logistics hub, and an initial infusion of substantial Chinese investment capital and project participation all have played central roles in how this process has unfolded — and will likely remain key determinants of its future progress.
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.
