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Ed Webb

Millions at risk of climate displacement in Middle East - Al-Monitor: Independent, trus... - 0 views

  • According to the UN refugee agency (UNHCR), "roughly 90 percent of refugees come from countries that are the most vulnerable and least ready to adapt to the impacts of climate change".
  • By 2060, Egypt's already stretched agricultural sector could shrink by as much as 47 percent, researchers predict.
  • Globally, the World Bank estimates that by 2050, if nothing is done to prevent it, there will be 216 million people internally displaced by climate change, including 19.3 million in North Africa.
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  • Some seven percent of people in North Africa -- where densely populated coastlines are among the world's most threatened by rising waters -- live less than five metres (16 feet) above sea level, according to the European Institute of the Mediterranean (IEMed).
  • Climate-induced urban migration can "increase the pressure on natural resources", according to economist Assem Abu Hatab, "thus leading to social tensions and violent conflict" in a region where agriculture currently accounts for 22 percent of employment.
Ed Webb

Egypt vows to cut military's outsized role in economy under IMF bailout | Financial Times - 0 views

  • Egypt has committed to reducing the military’s role in the economy as part of its $3bn IMF bailout package, as the Arab state grapples with a foreign currency crisis, a weakening pound and rising inflation.
  • Under the policy, the government would define sectors that are “strategic” while gradually withdrawing the state from “non-strategic sectors”, including through asset sales.
  • Sisi’s regime has previously pledged to reduce the military’s role in the economy and privatise army-owned companies, but little progress has been made. Businessmen hope the scale of the current crisis will now force the authorities to act.
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  • Economists and Egyptian businessmen have long complained that the military’s role in the economy crowded out the private sector and scared away foreign investors. The army, the country’s most powerful institution, is exempted from some taxes and its businesses are notoriously opaque.
  • Cairo was forced to go to the IMF last year after foreign investors withdrew about $20bn from Egypt’s debt markets around the time of Russia’s invasion of Ukraine. The capital outflow triggered a foreign currency crisis and forced Cairo to turn to Gulf states for a multibillion-dollar bailout.
  • Egypt had been paying the world’s highest real interest rate to attract the portfolio inflows it used to finance its current account deficit.
  • the weak pound has added to inflationary pressures. Core inflation rose to 24.4 per cent in December
Ed Webb

Are the Abraham accords over? - 0 views

  • Gulf states had hoped this would be a year of de-escalation in the region. They wanted calm to focus on ambitious plans to diversify their economies. Now the region’s oldest conflict has roared back to life. For one Gulf monarchy, Qatar, which has supported Hamas, the immediate goal is self-preservation. Saudi Arabia and the United Arab Emirates, however, want to weaken Hamas, forestall a wider confrontation with Iran and somehow keep alive their vision of an autocratic but more peaceful and prosperous region. It is a delicate and dangerous balancing act.
  • Al Arabiya, a Saudi-owned news channel, aired a tough interview with Khaled Meshaal, the former head of Hamas. Rasha Nabil, the presenter, asked him repeatedly how Hamas could expect support from other Arab countries after it made a unilateral decision to go to war, pressed him to condemn the murder of Israeli civilians and needled him on whether Iran’s help had “lived up to your expectations”. It was an interview the likes of which Hamas officials are almost never subjected to on Arabic-language channels. Mr Meshaal seemed rattled. Clips of the interview were widely shared on social media and even on Israeli television.
  • Muhammad bin Salman (pictured), the Saudi crown prince and the country’s de facto ruler has called for the creation of a Palestinian state along the region’s pre-1967 borders. Talks with Israel will continue, albeit more quietly than before, but the price for Israel will now be higher
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  • as the civilian death toll rises the Gulf states will come under growing pressure at home and across the Arab world to condemn Israel and sever ties. Still one thing the Gulf leaders can all agree on: they want the war to end. The financiers gathering in Riyadh this week want to talk about billion-dollar ideas for travel, trade and tourism. None of them is likely to come to fruition if there is a risk of missiles flying overhead
Ed Webb

A New Path For Syria's Kurds - War on the Rocks - 0 views

  • in a dramatic reversal in its foreign policy, Ankara is now looking to normalize relations with Damascus
  • Ankara has long supported the opposition and anti-regime forces in Syria and controls a huge chunk of Syrian territory in the north. For the United States and European powers, Turkish-Syrian normalization would represent a dramatic shift, fundamentally altering the strategic calculus in Syria and directly threatening the position of U.S.-backed Syrian Kurds — given that both Ankara and Damascus want to see their territorial control and autonomous governing curtailed or brought under the auspices of a centralized Syrian government. 
  • The right approach is not arming Kurds or offering them the false promise of U.S. military backing to counter a Syrian-Turkish front but supporting them politically to secure a modus vivendi with the governments in Ankara and Damascus. To survive, Kurds need to reach an agreement with both. This will necessitate supporting the Kurds in their political dialogue with Damascus and pushing the Kurdistan Workers’ Party — the U.S.- and Turkish-designated terrorist group — to declare a ceasefire inside Turkey ahead of the June 2023 elections, easing the pressure on Syrian Kurds. This could open up the possibility of a political softening on the Turkish-Kurdish front, remove a major irritant in the U.S.-Turkish relationship, and preserve some Western influence inside Syria. 
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  • the Turkish president has formed an alliance with ultra-nationalists to secure his power — and the continuation of the war against the Kurdistan Worker’s Party and its Syrian offshoot, the Syrian Democratic Forces, has served as a lubricant in this partnership
  • Erdogan is no doubt calculating that an agreement with Damascus would secure a greenlight from Russia to launch a new incursion or coordinated action with Damascus against the Kurds ahead of the June 2023 elections, helping rally Turkish voters around the flag
  • a rapprochement with Syria helps Turkey manage its relationship with Moscow at a time when Erdogan needs Russia’s consent for action in Syria and money to help prop up the country’s collapsing economy. Turkey and Russia have a complicated relationship which simultaneously involves competition and cooperation, often at the expense of Western influence in Syria, Libya, and the Caucasus
  • the fragile peace in the northeast, where an estimated 900 U.S. troops are stationed alongside the Syrian Democratic Forces
  • Syria has also become an arena of great power projection for Russia and a site of proxy warfare within the broader great power rivalry with the United States. Putin might eventually choose to greenlight a limited Turkish incursion or coordinate a joint Turkish-Syrian pincer movement against the Kurds, knowing that this could keep Ankara happy ahead of the elections and would create a crisis inside NATO. He also knows that Turkish-Syrian normalization would put immense pressure on the residual U.S. position in Syria.
  • With the Assad regime, the Kurds should be aiming for an agreement that guarantees more autonomy than Damascus is currently willing to give but recognize they will have to accept less than what they want
  • Russia and the regime lack the resources to rebuild Syria and restore legitimacy to its government
  • There is already speculation that the ruling Justice and Development Party is looking for ways to secure conservative Kurdish electoral support or to peel Kurds away from the opposition block
  • A precipitous withdrawal would create a public humiliation like Afghanistan and a free-for-all which would likely leave the Kurds devastated and the region raked by new instability — which, in turn, could well be exploited by ISIL in a manner that eventually pulls the United States back to Syria for a counter-terrorism campaign
Ed Webb

As Egypt's economic crisis deepens, an affordable meal is hard to find - The Washington... - 0 views

  • To blame the crisis solely on the war in Ukraine would be “barely true,” said Egyptian political economist Wael Gamal. Years of borrowing and investment in megaprojects made Egypt especially vulnerable, he said. Those projects have been championed by President Abdel Fatah El-Sisi, who took power in a military coup in 2013 and has made infrastructure development a hallmark of his presidency.
  • Egypt’s economic troubles, Gamal said, become “deeper every time they go to the IMF and take more loans and cover older loans with new loans.”
  • Until recently, Ramadan said, he could buy a ton of rice for around 8,000 Egyptian pounds. Now, he said, it costs 18,000 pounds. The cost of his pasta supply has jumped by 6,000 pounds. Even the plastic containers and bags they use to package the meals are pricier than before.
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  • “It’s a wonder how people survive,”
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