Economics

The state of Israel and the terrorist group Hamas are engaged in an existential conflict, each threatening the survival of the other, as well as the survival of civilians, both Palestinian and Israeli, caught in-between. The conflict could widen into a regional or even global crisis. For energy markets and the global economy, the risks are considerable and could swerve or accelerate in response to multiple variables.

Iran has yet to ratify the 2015 Paris Agreement, but efforts to address the impact of climate change have great potential to create opportunities for mutually beneficial cooperation, building on the recent trend of regional de-escalation. Climate diplomacy represents an untapped opportunity for Iran to engage globally by incentivizing it to adopt the U.N. Sustainable Development Goals in exchange for sanctions or debt relief.

As the original Abraham Accords signatories — Israel, the United Arab Emirates, and Bahrain — observe the third anniversary of their September 2020 agreement, there is a sufficient basis to evaluate whether the Abraham Accords are real, hype, or something in-between. Much like the case a year ago, the results so far remain mixed.

Pakistan’s intensifying economic, political, and security instability is not good news for China’s strategic investments. So, what are Beijing’s options?

At the start of 2023, optimism was high that China would see a rapid recovery in consumer spending and an acceleration in GDP growth. Since then, however, the world’s second-largest economy has been in the doldrums. China’s ailing economy is a problem not just for China but for the entire world. A prolonged slowdown or a sudden financial crash, were it to occur, would ripple across global markets — including the countries of the Middle East, whose economies have become increasingly intertwined with that of China.

Georgia’s near total reliance on imported Russian wheat forms an extremely dangerous vulnerability that compromises both its food security and sovereignty. Fifteen years after the 2008 Russia-Georgia war, Tbilisi finds itself depending on Russia for over 90 percent of its wheat supply amidst a growing global shortage. In 2022, NATO reiterated its commitment to Georgia, pledging to help build Georgia’s resilience and uphold its political independence.

This study on community leadership and social resilience factors in Moldova in the context of the war in Ukraine is based on in-country interviews with 15 Moldovan experts and community leaders, conducted in May-August 2023.

Russia’s malign behavior in the Black Sea includes piracy, plunder, petroleum price cap violations, and actions to prevent the free transit of foreign commercial and naval vessels. Its largely unchallenged position in the Black Sea also helps Russia maintain access to foreign-made products and components, circumventing sanctions. The West and the broader international community have yet to act to decisively rein in these flagrant violations of international laws and norms.

Last week saw a flurry of diplomatic activity between Baghdad and Ankara. The top priorities in the talks were oil exports, the presence of the PKK in Iraq, and Iraq’s water crisis. The outcomes have been unimpressive, but there is an opportunity for Iraq to shake things up and improve its bargaining position, at least on the oil export issue, possibly more.

In a move of unprecedented geopolitical consequence, the Brics grouping of nations has made the landmark decision to expand beyond its five founding members. Announced on Thursday at the conclusion of the Brics summit in Johannesburg, host South Africa along with Brazil, Russia, India and China invited six nations to join the bloc – Egypt, Ethiopia, Iran, Saudi Arabia, the UAE and Argentina.

The recent military coup in Niger marks the point of no return for the unraveling of France’s dominant economic and military influence across West Africa. Turkey is the foreign actor that stands to benefit most, with the potential to emerge as a leading strategic partner for the nations of the region. Turkey’s engagement with West Africa is a unique, dual approach that blends military and economic engagement while deftly intertwining humanitarian aid and cultural outreach.

After the conclusion of the 16-month rule of the Pakistan Democratic Movement (PDM), the appointment of a new caretaker government has created uncertainty. This raises doubts about whether Pakistan will smoothly transition to another democratic government or if the caretaker setup will exceed its constitutional mandate.

As the world shifts toward a more sustainable future, the GCC states are also embracing this profound transition, moving from oil wells to power cells. With their vast resources, strategic location, and commitment to sustainability, the Gulf countries are uniquely positioned to become major players in the global battery supply chain. By embracing the potential of battery technology, these nations are not just preparing for a post-oil future but are actively shaping it.