China’s Saudi visit reveals GCC goals for economic alternatives
China’s presidential visit to Saudi Arabia is expected to yield a host of deals as the GCC increasingly looks eastward on trade.
China’s presidential visit to Saudi Arabia is expected to yield a host of deals as the GCC increasingly looks eastward on trade.
Russian delegation heads to Turkey amid potential Syria offensive
The top Turkish diplomat aired a rare complaint over the Russian stalling of constitutional talks between the warring Syrian actors, calling on Moscow to allow the process to resume.
The top Turkish diplomat aired a rare complaint over the Russian stalling of constitutional talks between the warring Syrian actors, calling on Moscow to allow the process to resume.
Some Egyptian companies still dealing with Russia's alternative financial system
Some Egyptian companies are secretly dealing with a Russian alternative financial system, in anticipation of international sanctions by the United States.
Some Egyptian companies are secretly dealing with a Russian alternative financial system, in anticipation of international sanctions by the United States.
MI’s Allison Schrager highlights the government’s mistake in assuming that interest rates would remain low when issuing massive short-term debt. The cheap debt dream has ended, and this wakeup call will serve as a lesson around locking in long-term low interest rates for governments and consumers alike.
Contrasting the rise of Amazon’s Jeff Bezos with Alibaba’s Jack Ma, Barthold points to the incompatibility of state direction with fast-moving innovation.
Is Stagflation Coming?
Allison Schrager, E21
The great resignation was good for workers while it lasted. The latest data from Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics reveals that quits have fallen over the last year after peaking during the pandemic. The number of job openings has also declined. This suggests a labor market that remains very tight, but has started to weaken. Read more here....
Allison Schrager, E21
The great resignation was good for workers while it lasted. The latest data from Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics reveals that quits have fallen over the last year after peaking during the pandemic. The number of job openings has also declined. This suggests a labor market that remains very tight, but has started to weaken. Read more here....
Gulf currencies pegged to dollar keep migrant workers’ families afloat
While the strong dollar has played in favor of Gulf migrant workers, they are not exempt from wage increases falling behind the inflation rate.
While the strong dollar has played in favor of Gulf migrant workers, they are not exempt from wage increases falling behind the inflation rate.
Saudi GDP growth continues on back of high oil prices
Saudi Arabia’s non-oil economy is also growing, boding well for its ambitious economic diversification projects.
Saudi Arabia’s non-oil economy is also growing, boding well for its ambitious economic diversification projects.
Drug shortage adds to Tunisia’s woes
In light of the successive crises facing Tunisians, pharmacies across the country are suffering drug shortages, which the authorities are unable to resolve.
In light of the successive crises facing Tunisians, pharmacies across the country are suffering drug shortages, which the authorities are unable to resolve.
Egypt’s non-oil private sector records two years of contraction
The last time the Purchasing Managers Index, which offers insight into the private sector, recorded expansion in Egypt's economy was back in November 2020.
The last time the Purchasing Managers Index, which offers insight into the private sector, recorded expansion in Egypt's economy was back in November 2020.
Egypt’s trade with Nile Basin countries jumps amid Ethiopia dam crisis
Cairo’s exports and imports with the region increased substantially in 2021, but they still represent a small portion of the total and growth remains uneven.
Cairo’s exports and imports with the region increased substantially in 2021, but they still represent a small portion of the total and growth remains uneven.
World Bank says debt increasing in Middle East countries
Egypt, Iran and Turkey’s debt rose significantly last year.
Egypt, Iran and Turkey’s debt rose significantly last year.
Iran top Central Bank official removed as unrest triggers currency crash
The dismissal of Iran's foreign exchange head follows the unprecedented depreciation of rial, following three months of anti-government protests.
The dismissal of Iran's foreign exchange head follows the unprecedented depreciation of rial, following three months of anti-government protests.
US, Russia stall Turkey's ground operation, but Kurdish gains under threat
The Russian and US policies of appeasing Turkey have averted a new Turkish ground operation in Syria for now, but they both lay the ground for a gradual undoing of Kurdish gains in the north.
The Russian and US policies of appeasing Turkey have averted a new Turkish ground operation in Syria for now, but they both lay the ground for a gradual undoing of Kurdish gains in the north.
Gulf central banks raise interest rates after Fed move
Many Gulf nations have mirrored the US Federal Reserve’s decisions on interest rates all year. Israel and Egypt have also raised rates, but Turkey has been cutting — despite skyrocketing inflation.
Many Gulf nations have mirrored the US Federal Reserve’s decisions on interest rates all year. Israel and Egypt have also raised rates, but Turkey has been cutting — despite skyrocketing inflation.
Turkey’s economic growth loses steam as elections near
President Recep Tayyip Erdogan has persistently prioritized economic growth but might face the risk of stagnation ahead of Turkey's crucial elections next year.
President Recep Tayyip Erdogan has persistently prioritized economic growth but might face the risk of stagnation ahead of Turkey's crucial elections next year.
The Caravan Issue 2237: Prospects For Lebanon
via The Caravan Issue 2237 of The Caravan is now available online. The journal is a periodic symposium on the contemporary dilemmas of the Greater Middle East.
via The Caravan Issue 2237 of The Caravan is now available online. The journal is a periodic symposium on the contemporary dilemmas of the Greater Middle East.
"India Must Have Internal Harmony To Have External Security": Raghuram Rajan
interview with Raghuram Rajan via The Indian ExpressHoover Institution fellow Raghuram Rajan notes, "communal harmony and unity is something that the country needs, regardless of what political party you are in.”
interview with Raghuram Rajan via The Indian ExpressHoover Institution fellow Raghuram Rajan notes, "communal harmony and unity is something that the country needs, regardless of what political party you are in.”
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