Middle East & North Africa

218 Items

Secretary General of the Gulf Cooperation Council (GCC) Nayef Falah Al-Hajraf during a press conference during the 41st Gulf Cooperation Council (GCC) meeting being held in Al Ula, Saudi Arabia, Tuesday, Jan. 5, 2021.

AP Photo/Amr Nabil

Paper - Middle East Initiative, Belfer Center

From #Hashtags to Legislation

    Authors:
  • Oussama Belmejdoub
  • Bilal Diab
  • Samira Kalla
  • Ha Nguyen
  • Abdulla Saif
  • Ivan Yotzov
| February 2023

Ownership of reforms by citizens is often presented as important for success. This paper explores media engagement and support for economic reforms in the Gulf Cooperation Council (GCC) countries using text analysis techniques on publicly available sources. Results show that while reform efforts have intensified in recent years in the GCC, these efforts tend to focus on stronger rather than weaker policy areas, potentially limiting the growth-enhancing effect of reforms. Social media analysis using Twitter shows that the population’s support for reforms has been declining. The analysis of traditional
news media points to more engagement by international than by local media. However, sentiment from international media is less positive about economic reforms in the GCC. Sentiment in international media and social media matters, as evidenced by its positive and strong correlation with FDI inflows into the GCC.

Secretary of Iran's Supreme National Security Council Ali Shamkhani

AP/Vahid Salemi

Analysis & Opinions - The National Interest

Will Russia Torpedo the Iran Nuclear Deal?

| Mar. 10, 2022

Hamidreza Azizi and Nicole Grajewski analyze Russian Foreign Minister Sergei Lavrov's recent demands  for written guarantees that Western sanctions over Ukraine "will by no means affect our right to free and full-fledged trading, economic, investment, military and technical cooperation with Iran."

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Analysis & Opinions - Bloomberg Opinion

Russia’s Oil Weapon May Be More Potent Than Gas Blackmail

| Jan. 28, 2022

Russian military action in Ukraine could trigger an energy crisis even more serious than the one already hitting Europe. As has been pointed out, should the West hit Russia with severe new sanctions, President Vladimir Putin could cut off natural gas exports, leaving the continent shivering through midwinter. Yet there is another potential weapon of Russia’s that’s been less discussed and might be very effective: An ability to disrupt global oil markets, which would directly hit U.S. consumers.

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Analysis & Opinions - Economic Research Forum

Access to finance for Egypt’s private sector during the pandemic

| May 11, 2021

In response to the global pandemic, public authorities in Egypt responded with a comprehensive package aimed at tackling the health emergency and supporting economic activity. This column examines how private sector firms perceived ease of access to finance before and after the emergence of Covid-19 in 2020.

    Workers stand on a platform at a Saudi Aramco oil separator processing facility in Abqaiq, near Dammam, Sept. 20, 2019.

    AP Photo/Amr Nabil

    Paper

    Reversal of Fortune for Political Incumbents after Oil Shocks

      Authors:
    • Simeon Djankov
    • Ha Nguyen
    • Ivan Yotzov
    | March 2021

    This paper explores the effect of oil shocks on electoral outcomes. Using a new polling and election data set for 207 elections across 50 democracies, the paper shows that oil price increases systematically lower the odds of reelection for incumbents. The analysis verifies that these shocks—which reduce consumption growth—are associated with worsening performance for incumbents in the runup to reelection and a reversal in the leaning of the political party in power post-election.  

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    Analysis & Opinions - Bloomberg Opinion

    After Oil: Throwing Money at Green Energy Isn’t Enough

    | Sep. 17, 2020

    The geopolitical and geo-economic forces wrought by the coronavirus pandemic, as examined previously in this series, are likely to slow the transition to a more sustainable global energy mix. Fortunately, the pandemic has also resulted in governments gaining vastly greater influence over whether this shift stalls or accelerates.

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    Analysis & Opinions - Bloomberg Opinion

    Pandemic Is Hurting, Not Helping, Green Energy

    | Sep. 16, 2020

    For most people, there was nothing to celebrate when the International Monetary Fund downgraded its outlook for global economic growth in June, anticipating a contraction of 4.9% for 2020. Yet for others, such as the small but persistent group of economists and others known as the degrowth movement,” the Covid-induced economic slowdown has a silver lining.

    Rupiah coins in Medan, North Sumatra, Indonesia.

    Binsar Bakkara/AP

    Analysis & Opinions - Global Policy

    Closing the Equity Financing Gap during the COVID-19 Crisis: The Emergence of Sovereign Wealth Funds with Expiration Dates

    | May 29, 2020

    Juergen Braunstein and Sachin Silva argue that sovereign wealth funds may be central to governments' efforts to balance public responsibility with private interests in post-pandemic economies.