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.
The UAE and US elevate tech to a cornerstone of their relationship
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.
Change and continuity in EU’s foreign policy in the MENA region: What to expect from the new political cycle in Brussels
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’s green shift: Energy transition, COP29 commitments, and US collaboration
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.
Brokering a solution to the Libyan Central Bank crisis
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.
The EU needs to expand its support for the MENA region’s digital transformation
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.
Pakistan and the Middle East’s evolving approach to Afghanistan
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.
Powering up: Turkey-Iraq transmission line is part of a broader strategic shift
On July 21, 2024, Iraq inaugurated a new power line connecting Turkey and Iraq to handle Turkish electricity imports. Iraq is operationalizing this new power line with the goal of ensuring a more stable energy future, reshaping its geopolitical relationships, and reducing its reliance on Iran.
The IMF, CPEC, and Pakistan: Will the Chinese save Islamabad yet again?
The China-Pakistan Economic Corridor (CPEC), once heralded as a “game-changer,” has almost disappeared from the spotlight in recent years. The project has faced slow implementation, unpaid loans, corruption, and a dire security situation. How is China responding to Pakistan’s poor handling of CPEC, its perpetual financial troubles, and its periodic demands on China to bail it out?
Russia and China’s differing engagements with the Houthis
Although Russia and China are in regular dialogue with the Houthis, the motivations that undergird the engagements of both countries differ markedly. The Houthis regard both Russia and China as partners against American unilateralism but have a warmer relationship with Moscow.
The situation in the Red Sea is not getting better
The current situation is not only intolerable – it is unsustainable. It is time to recognize that the Houthis, with strong and persistent support from Iran, are in a position to hold not only the US but virtually the entire global system hostage.
Wide gap between the Egyptian government’s rosy figures and the economic hardship suffered by millions
For Egyptian officials, June should have been a month to celebrate. And yet none of the seeming macroeconomic successes that the government recorded brought much reassurance to the average Egyptian, who has continued to experience currency shortages, an unreliable energy grid, and fears of a resurgent spike in inflation.
What Comes Next for Turkey? Prospects for Change on the Political, Economic, and Foreign Policy Fronts
After two decades in power and following the Justice and Development Party’s historic defeat in the 2024 local elections, Turkish President Recep Tayyip Erdoğan is now at his most vulnerable. What comes next is not only important for the future prospects of Turkish democracy but also holds important lessons for autocrats across the world. Scholars Evren Balta, Seda Demiralp, Edgar Şar, and M. Murat Kubilay seek to answer key questions about the country’s political, economic, and foreign policy trajectory in a new report from the Middle East Institute.
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.
