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The acquisition would mimic the 2017 purchase of celebrated soccer star Neymar by Qatar-owned Paris St. Germain for US$277 million intended to demonstrate that the Gulf state was unaffected by the then several months-old Saudi-UAE-led economic and diplomatic boycott.

a decision by the Premier League to reject the acquisition of Newcastle would be perceived as yet another of Prince Mohammed’s self-inflicted public relations fiascos that include multiple failed attempts to position the kingdom as a powerhouse in international soccer governance

Prince Mohammed is betting that the Premier League at a time of economic crisis and with Britain needing to forge new trade relationships in the wake of its departure from the European Union may not want to slam the door on a wealthy investor and/or jeopardize British relations with the kingdom.

Saudi Arabia responded in 2018 to Canadian criticism of the kingdom’s human rights record by withdrawing its ambassador and freezing all new trade and investment transactions. German criticism of a failed Saudi attempt to force the resignation of Lebanon’s prime minister led that same year to a de facto downgrading of diplomatic relations and reduced trade.

The League has tightened its criteria to test potential club owners on their integrity and reputation. The criteria include ensuring that a potential owner has not committed an act in a foreign jurisdiction that would be a criminal offence in Britain, even if not illegal in their own country.

Supporters of the acquisition argue that it bolsters Prince Mohammed’s reforms in a soccer-crazy country and reaffirms his push to break with the kingdom’s austere, inward-looking past. They reason further that it will bolster investment in Newcastle and surroundings at a time of impending economic hardship.

Supporters only need to look at Manchester where the United Arab Emirates’ acquisition of Manchester City more than a decade ago has benefitted not only the club but the city too.

supporters of Newcastle are likely to welcome the financial injection and departure of the club’s unpopular current owner, Mike Ashley, and ignore condemnation of the deal by human rights activists, including Amnesty International, as “sportswashing, plain and simple.”

Saudi leaders likely hope that Sultan Haitham will be more amenable to a Saudi-led Gulf, and without U.S. support, Oman may feel pressure to acquiesce or face potential repercussions. Omani officials have privately expressed concerns that Oman could be the next target of a Saudi- and Emirati-led blockade

Despite precipitating the world’s most urgent humanitarian crisis in Yemen, Saudi Arabia has used its military presence there to declare its intention to build a pipeline through the Mahra region and construct an oil port on the Yemeni coast. Saudi Arabia currently ships oil through the Strait of Hormuz and the Bab el-Mandeb strait, whereas the proposed pipeline would allow direct access to the Indian Ocean.

Mahra has close links to the adjacent Dhofar region of Oman, which has long viewed the province as an informal buffer from the instability in other parts of Yemen. Sultan Qaboos offered aid as well as dual citizenship to residents of Mahra as a means of eliminating the potential for another conflict resembling the Dhofar War of 1963-1976, which drew cross-border support from the People’s Democratic Republic of Yemen operating from Mahra into Dhofar

Inhabitants of Mahra have expressed frustration with the presence of both the Saudis and Emiratis, given that these kingdoms’ alleged foes—the Houthis as well as al Qaeda in the Arabian Peninsula—are not present in Mahra

The UAE has taken control of the Yemeni island of Socotra, building a military base in a unique ecosystem nominally protected by UNESCO. The UAE is also building bases in Eritrea and Somaliland as part of a plan to develop a “string of ports” that will allow it to project power and escape possible pressure from Iran in the Persian Gulf.

Other Emirati ambitions include the Musandam Peninsula, an Omani enclave that forms the narrowest point in the Strait of Hormuz. The inhabitants of the peninsula have close ties to the UAE, as Musandam connects geographically to the emirates of Ras al-Khaimah and Fujairah, rather than Oman. Oman’s control of the strategic chokepoint reflects the sultanate’s history as an empire whose territory once stretched from southern Pakistan to Zanzibar. 

The border between Oman and the UAE was only formally demarcated in 2008, but Omanis see a circle of potential threats arising from Emirati activity in or possible designs on Musandam, Mahra, and Socotra.

the UAE may feel that Oman’s new sultan may be more receptive to alignment with Emirati objectives than his predecessor

Oman has failed to significantly diversify its economy

As in many oil-dependent economies, unemployment is high, especially among young people

During the popular uprising of 2011, which brought thousands of Omanis to the street for the first time, the government used its nest egg to pay for a massive expansion of the government payroll.

there are no available resources to try to finance a transition away from oil, and the low price of oil has further impeded the government’s efforts to meet its obligations

The decision to implement the new system was quickly reversed, however, over fears that the simmering bread crisis could provoke wider tumult. Seeking to allay citizens’ concerns that the move was a prelude to a reduction in their quotas of subsidized bread, Moselhy held a televised press conference on the day of the protests, apologizing to “all citizens who had not received bread” and asserting that their quotas would remain untouched. Promising to resolve the crisis within 48 hours, he blamed bakery owners for the crisis, hinting they were making profits off the subsidized flour they received from the government.

In the last six years, government spending on food and fuel subsidies has represented more than a quarter of annual government expenditure (more than the country spends on education and health services combined)

a thriving black market for the subsidized wheat, which is often resold by the bakeries at a profit rather than turned into bread

“The patience of Egyptians is wearing thin,” Cairo University political scientist Hassan Nafaa told Al-Monitor. “Despite the economic pressures they are facing, citizens have so far restrained themselves from protesting because they are weary after two revolutions. They also fear further turmoil as they see the civil wars in some of the neighboring Arab countries. But if people are hungry and if their basic needs are not met, there is likely to be another rebellion,” he warned, adding that if that happens, “It would be messy and bloody.”

Tensions have been simmering since the pound’s depreciation — a key requirement by the International Monetary Fund for Egypt to secure a $12 billion loan needed to finance the country’s budget deficit and shore up dwindling foreign currency reserves. Economists and analysts have lauded the flotation as “a much-needed reform that would restore investors’ confidence in the economy, helping foster growth and job creation.”

shrinking middle class was already struggling with flat wages, high inflation and mounting unemployment

Sisi’s approval ratings, which according to a poll conducted in mid-December 2016 by Baseera (Egyptian Center for Public Opinion Research) fell by 50% during his second year in office

the weak currency is helping the economy by boosting exports and luring back tourists. A 25% increase in non-petroleum exports in January (compared with the same month last year), along with new loans from the IMF and other sources, is beefing up foreign currency reserves, according to The Economist. The weaker currency is also proving to be a blessing in disguise for local manufacturers as more consumers are opting to purchase local products, which are more affordable than their imported alternatives

The real test will be the government’s ability to stave off unrest that could undermine the progress made so far. Nafaa said it is possible to quell the rising anger over soaring prices “through more equitable distribution of wealth, better communication of government policies, transparency and accountability.”

“The government must also ease the crackdown on dissent, release detainees who have not committed terror crimes and bring more youths on board,”

paramilitary officers from the Special Activities Division have trained and advised a small army of Afghan militias known as counterterrorism pursuit teams. The militias took on greater importance under President Barack Obama, who embraced covert operations because of their small footprint and deniability.

The C.I.A. also spent more than a decade financing a slush fund for Mr. Karzai. Every month, agency officers would drop off cash in suitcases, backpacks and even plastic shopping bags. Mr. Karzai’s aides would use the cash to run a vast patronage network, paying off warlords, lawmakers and others they wanted to keep on their side.The slush fund, which was exposed in 2013, was seen by many American diplomats and other officials and experts as fueling the rampant corruption that has undermined the American effort to build a functioning democracy in Afghanistan.

The ranks of C.I.A. operatives aren’t easily replaced, said Mr. Stiles, the former counterterrorism analyst.“That’s going to be one of the challenges for the government,’’ he said. “How do we maintain the level of experience and expertise in a war that is going to last for another 20 or 30 years or longer?”

Burkina Faso is now stuck in a vicious cycle where the problems that allowed armed groups like ISIL to infiltrate the country are being exacerbated by their presence, while the resulting desperation is causing more people to join them.

Mali, too, has long suffered insecurity which has allowed the country to become a playground for groups like ISIL and al-Qaeda. Earlier this month at least 53 soldiers and a civilian were killed in an ISIL attack on a military post in northeast Mali. The attack came a month after two similar attacks killed at least 40 soldiers near the country's border with Burkina Faso. 

As world leaders pat themselves on the back for "destroying ISIL" in Syria, the group is openly building up its strength in Africa. 

If effective measures that address not only the ongoing insurgency but the core problems that allowed it to prosper in the region are not implemented right away, the destruction and suffering caused by ISIL in Syria and Iraq will be repeated in the Sahel. More and more people will try to escape their predicament by embarking on deadly journeys towards Europe. A few will make it there, while tens of thousands of others will either die horrible deaths at sea or languish in outrageous refugee camps in Africa.

The first sign of their alliance appeared in the Knesset following Netanyahu’s harsh Nov. 13 speech accusing the 13 lawmakers for the Joint List of supporting and encouraging terrorism. At the start of the Nov. 19 session of the Knesset Finance Committee, Chair Moshe Gafni of the ultra-Orthodox Yahadut HaTorah, thanked his committee colleague Tibi for his ongoing cooperation. “You know how to leverage [this cooperation] for the benefit of the public you represent. You do so with great skill. We see it in the Arab communities too. There is development, and you have played a large role in this, and I thank you for it,” Gafni said. Gafni’s ultra-Orthodox colleague Yinon Azoulai of Shas seconded his assessment, asserting, “With the [Joint] List and Ahmad there always was cooperation, and it is always possible to do more.”

Israel’s Arab and ultra-Orthodox citizens — together constituting at least 30% of the population — are the country’s poorest demographic and the largest beneficiaries of its social welfare services. While Netanyahu and his right-wing allies shower generous budgets on the Jewish West Bank settlements and provide their residents with an array of benefits, members of the Arab Joint List and of the two ultra-Orthodox parties have to work hard to advance legislation that benefits their voters.

Liberman, who under the current constellation has the power to decide who will be Israel’s next prime minister, is seeking to exclude the ultra-Orthodox and the Arabs from power. Thus, these two groups, which would seem to have nothing in common save a possible desire to join forces against Liberman’s onslaught of incitement against them, are striking up a surprising “friendship.”

“The clear and present danger is the anti-Zionist coalition of the Arab and ultra-Orthodox Knesset members,” Liberman said. “This is truly an anti-Zionist coalition active in both blocs [left and right]. The Joint List is a real fifth column; there is no need to whitewash and hide it. Unfortunately, the ultra-Orthodox community and its political parties, too, are becoming increasingly anti-Zionist, and it’s time to stop this nonsense that only their fringes [are opposed to the State of Israel].”

Such cooperation could crush the protective right-wing and ultra-Orthodox bloc of 55 seats that Netanyahu has built and undermine his mantra that the formation of a center-left minority government supported by the Arab parties would be nothing short of a mass national terror attack.

Members of the Joint List are all too familiar with being targets of incitement and delegitimization by Netanyahu and others, but for Shas and Yahadut HaTorah, which have tied their fate to that of Netanyahu, this is a new experience. Thanks to Liberman, they too are now illegitimate, just like their Arab Knesset colleagues.

The last time Liberman tried to “bury” the Arab parties, he sponsored legislation raising the electoral threshold in 2014 so that only parties winning 3.25% of the vote could send representatives to the Knesset. The move, designed to exclude the small Arab parties, backfired, uniting the ideologically disparate parties into a single list. This forced union then overtook Liberman’s faction. As of the September elections, they are the third biggest Knesset faction, with 13 seats, while Liberman’s party has eight.

For the sake of the sacred goal of survival, there is no need for an ideological glue other than shared destiny, as the four Arab parties – Ta’al, Ra’am, Balad and Hadash — realized in uniting against Liberman and forming the Joint List.

ruling parties and tribal figures are settling out [who will adopt] the commanding posts, consequently leading to quarrels and killings. The tribes insist that, for example, the commander of a peshmerga brigade should be from [among] them, and when their demands are met by ruling party officials, they nominate persons who lack any military knowledge and experience

“Both the PUK and the KDP use peshmerga forces under their command for other purposes: to guard orchards and houses of their political bureau members, to safeguard and serve tribal chiefs and even 'artists and dancers.'"

The office of KRG spokesman Jotiar Adil told Al-Monitor that many issues have delayed the unification of the forces. “The process is taking time for a number of reasons," the office stated, "among them new laws that need to be passed on peshmerga retirement and pensions, logistics and finances that need the support of the coalition forces and the Iraqi government

Maj. Gen. Baktyar Muhammed Sadiq, a member of the Ministry of Peshmerga’s reform board, told Al-Monitor that 14 brigades — nearly 40,000 peshmerga forces — are unified under the KRG Ministry of Peshmerga Affairs. “There are plans for unifying all peshmerga forces, including the 70 and 80 forces, but there is no specific timeline yet,” Sadiq said. “There are also plans that the political parties would no longer be involved in recruiting peshmerga forces.”

In 2017, FDD received $3.63 million from billionaire Bernard Marcus, which constituted over a quarter of FDD’s contributions that year. Marcus, the co-founder of Home Depot, is outspoken about his hatred of Iran, which he characterized as “the devil” in a 2015 Fox Business interview. Marcus is Trump’s second biggest campaign supporter, contributing $7 million to pro-Trump super PACs before the 2016 election.

by the end of the 2011 tax year, Sheldon Adelson, who went on to become Trump’s single biggest campaign funder, the GOP’s biggest funder in the 2018 midterms, and personal advocate for Trump to take Bolton as his national security adviser, was FDD’s third biggest donor, contributing at least $1.5 million. (Dubowitz says Adelson no longer contributes to FDD.) In 2013, Adelson publicly proposed the U.S. launch a preventive nuclear attack on Iran, targeting the desert, and threaten to launch a second nuclear weapon at Tehran if Iran didn’t abandon its nuclear program.

the Trump administration’s decision to seemingly enter into a collaborative arrangement with FDD or Ghasseminejad, an FDD “adviser,” points to the State Department, under Secretary of State Mike Pompeo’s leadership, moving to increasingly align itself with organizations and individuals pushing the U.S. towards another war in the Middle East.

Marcus and Adelson publicly endorse a militarist posture towards Iran and aren’t shy about writing big checks to politicians and organizations that share that mission. With Adelson and Marcus’s preferred national security adviser, John Bolton, evidently pushing the U.S. towards a military confrontation with Iran, it’s no wonder that FDD, possibly (until Friday) with the support of U.S.-taxpayer funding, is engaged in a public-diplomacy campaign against critics of Trump and Bolton’s Iran policy.

One of Rowland’s sons, a senior executive at the Luxembourg-based bank, emailed the plan to Will Tricks, who had swapped a career in the U.K.’s foreign intelligence service MI6 for a job advising MBZ. Tricks, who acted as a go-between for the Rowlands, was paid as a contractor by Banque Havilland. The presentation found its way to the UAE’s ambassador to the U.S., who stored it on his computer under “Rowland Banque Havilland.”

Last year, Qatar sued Banque Havilland in London, accusing it of orchestrating a campaign that cost the country more than $40 billion to shore up its banks and defend its currency peg against the U.S. dollar. While the lawsuit has received attention in the media, the extent of other work Banque Havilland did on behalf of MBZ hasn’t been previously reported. Nor has the role of Tricks.

Havilland is facing a criminal investigation in Luxembourg for, among other things, its dealings with the family of another head of state, Azerbaijan’s President Ilham Aliyev. It has also had communications with regulators in Luxembourg and the U.K. about the Qatar plan

Devising a plan for economic sabotage, whether implemented or not, is beyond the remit of most private banks. But Banque Havilland is no ordinary financial institution. The firm specialized in doing things others might balk at, the documents and emails show. Its clients included kleptocrats and alleged criminals in corruption hotspots including Nigeria and Azerbaijan. Its owners solicited business in sanctioned countries such as North Korea and Zimbabwe.

Not all of its clients were pariahs, and none was as important as MBZ, people with knowledge of the matter say. The crown prince, 59, is one of the Arab world’s most powerful leaders. A graduate of Britain’s Royal Military Academy Sandhurst, he commands one of the best-equipped armies in the region and has waged wars in Yemen, Libya and Somalia. He’s not as well-known as his protégé and neighbor Mohammed bin Salman, Saudi Arabia’s crown prince. And he isn’t president of the UAE, a title held by a half-brother.

When MBZ wanted to develop a foothold in southern Africa’s commodities market in 2011, Tricks worked with the Rowlands on sourcing potential investments, documents and emails show. They picked Zimbabwe as a hub for the region, but there was a problem. The country was subject to U.S. and European Union sanctions that banned dealings with President Robert Mugabe’s inner circle and many of its state-owned companies. Tricks passed on advice about setting up a trust in Abu Dhabi for any Zimbabwe deals to hide the identities of investors from the U.S. Treasury Department, which oversees sanctions enforcement

the UAE is now a major trading partner with the country despite continuing U.S. sanctions, and it opened an embassy there in 2019

Robeson, the foundation’s chairman, was elected to the Human Rights Watch board a few months later, in April 2012. He was named to the advocacy group’s Middle East and North Africa advisory committee. “We have been given the complete list of projects currently being undertaken by Human Rights Watch in the Middle East and North Africa,” Robeson wrote soon after joining the board, in a memo he emailed to Jonathan Rowland that he asked him to share with his father. Robeson also said he’d been given detailed notes of a meeting between the group and Britain’s then-Secretary of State for International Development Andrew Mitchell, along with other private briefings.

The foundation appears to have had no other purpose than making the Human Rights Watch donations. It was registered in Guernsey after the first gift and wound down when Robeson left the board in 2016.

Emma Daly, a spokeswoman for Human Rights Watch in New York, said the organization vetted Robeson at the time he was being considered for the board and couldn’t find any conflicts. She said the group didn’t know about Rowland’s or the bank’s connections to MBZ. Its most recent report on the country noted that, “Despite declaring 2019 the ‘Year of Tolerance,’ United Arab Emirates rulers showed no tolerance for any manner of peaceful dissent.”

The presentation is now a key part of the case in which Qatar accuses the bank of orchestrating an illegal UAE-backed campaign to create false impressions about the country’s stability. The UAE is not a defendant. The plan called for setting up an offshore vehicle into which the UAE would transfer its holdings of Qatari debt before buying more of the securities. The fund would also purchase foreign-exchange derivatives linked to the Qatari riyal and buy enough insurance on its bonds—a barometer of a country’s creditworthiness—to “move the price sufficiently to make it newsworthy.” Working with an affiliated party, it would then flood the market with the bonds to create the impression of panicked selling. The presentation also described a public relations drive to “add more fuel to the fire” and suggest Qatar might be struggling to access U.S. dollars.

Within weeks of the plan being sent to Tricks, the riyal—under pressure since the beginning of the blockade in June 2017—went into freefall and hit a record low. The yield on Qatar’s 10-year bonds also soared, as did the cost of insuring the country’s debt against default. The currency didn’t recover until November of that year, after the Intercept reported on the Banque Havilland plan.

Sudan wasn’t following the script of Bahrain, where the demonstrators dispersed after a single crackdown, or Egypt, where the army took control through co-option and repression.

A major split between Saudi Arabia and the UAE was on show in July when the latter abruptly withdrew most of its forces from Yemen. No official explanation was given, but the decision was evidently not coordinated with Saudi Arabia, which remains bogged down in an intractable war. The UAE’s decision also shows it can be mercurial and that its policies towards the Horn of Africa may be less strategic and more opportunistic than commentators have assumed.

Egypt prides itself on understanding Sudan and sees Saudi Arabia and UAE as newcomers seeking influence solely by dispensing money. Egypt limited its demands on Sudan to handing over Egyptian Islamists in exile, suspending the deal for Turkey to develop a naval base, and ceding its territorial claim to the Halaib Triangle.

As Arab countries find themselves pulled in to the internal negotiations among the Sudanese, they will face another potential point of contention. Sudan doesn’t just need democracy, but peace. This means a role for the Islamists both in Khartoum and the provinces. For a decade, the custodian of the Darfur peace process has been Qatar, the troika’s arch rival, and it will be impossible to ignore Qatar’s role or that of Sudan’s diverse constituency of Islamists. Some of these dynamics are already playing out and reveal the lack of a common strategy among the Arab troika

After the secession of South Sudan in 2011, Sudan lost 75% of its oilfields and an even greater proportion of its hard currency earnings. The following year, it literally struck gold and within a few years, gold was providing 40% of Sudan’s exports. As much as a third of it, however, came to be smuggled to Libya, Chad or directly by plane to the region’s biggest gold market in Dubai. The government in Khartoum, desperate to control the commodity, responded by using the Central Bank of Sudan as its sole buying agent, paying above the market price to gold traders and printing money to cover this outlay. Buying gold to convert to hard currency became the engine of Sudan’s inflation, which skyrocketed. By 2018, the price of essential commodities such as bread and fuel was so high relative to stagnant wages that the people across the country took to the streets to protest.

Hemedti. His RSF militia controls the gold mines and he personally owns a number of concessions. Through Sudan’s monetary policy, vast resources were transferred from wage earners in the centre of the country to militiamen and gold traders in the peripheries

Hemedti has also benefited massively from providing mercenaries, which may be Sudan’s second biggest source of foreign exchange today. A few months after the Saudis launched their war in Yemen in March 2015, Sudan volunteered to send troops. The first contingent was a battalion of the regular army, but then Hemedti struck a parallel deal to dispatch several brigades of RSF fighters. Within a year, the RSF comprised by far the biggest foreign contingent fighting in Yemen with at least 7,000 militiamen. Hemedti was paid directly by Saudi Arabia and the UAE for this service. He says he deposited $350 million in the Central Bank, but has not said how much he kept to himself for his own enrichment or political spending.

the Central Bank of Sudan has become an instrument for Hemedti’s political finance. And since becoming the central actor in Sudan’s ruling cabal in April, he has exerted an even tighter grip on gold production and exports while moving aggressively into other commercial areas. He has increased the RSF’s deployment in Yemen and sent a brigade to fight in Libya alongside General Khalifa Haftar, who is backed by Egypt and the UAE, almost certainly in return for Emirati financial rewards. Hemedti is also expanding his family business conglomerate, the Al-Junaid companies, and running his political business on the basis of personally handing out cash to key constituents such as tribal chiefs, the police, and electricity workers.

none of this addresses Sudan’s macroeconomic crisis: its rampant inflation, rapidly increasing arrears on international debt, and ostracism from the dollar-based international financial system

Sudan’s Gulf patrons are bailing out the country with a $200 million monthly subsidy in cash and commodities, but the bailout amounts needed will quickly become too big even for the oil-rich Gulf States’ deep pockets

a clash between Hemedti’s political market logic and Sudan’s macroeconomy is looming.  The Sudanese technocrats associated with the FFC are well aware of this, which is why the economists called upon to put themselves forward for cabinet positions have been reluctant to agree. There is a race between Hemedti’s consolidation of power and a re-run of the economic crisis and protests that led to al-Bashir’s downfall.

as Sudan’s economic crisis deepens, they will have to turn to the IMF and western creditors for assistance

Fiscal crises caused by falling prices limit governments’ room for domestic maneuver and force painful political choices

The economic profile of the Gulf states is not, however, typical of most oil-producing states. Most have a much lower ratio of oil reserves to population. Many large oil exporters have large and rapidly growing populations that are hungry for consumption, social spending, subsidies, and investment

In February, even before the coronavirus hit, the International Monetary Fund was warning Saudi Arabia and the United Arab Emirates that by 2034 they would be net debtors to the rest of the world. That prediction was based on a 2020 price of $55 per barrel. At a price of $30, that timeline will shorten. And even in the Gulf there are weak links. Bahrain avoids financial crisis only through the financial patronage of Saudi Arabia. Oman is in even worse shape. Its government debt is so heavily discounted that it may soon slip into the distressed debt category

Ecuador is the second Latin American country after Argentina to enter technical default this year.

Populous middle-income countries that depend critically on oil are uniquely vulnerable. Iran is a special case because of the punitive sanctions regime imposed by the United States. But its neighbor Iraq, with a population of 38 million and a government budget that is 90 percent dependent on oil, will struggle to keep civil servants paid.

Algeria—with a population of 44 million and an official unemployment rate of 15 percent—depends on oil and gas imports for 85 percent of its foreign exchange revenue

The oil and gas boom of the early 2000s provided the financial foundation for the subsequent pacification of Algerian society under National Liberation Front President Abdelaziz Bouteflika. Algeria’s giant military, the basic pillar of the regime, was the chief beneficiaries of this largesse, along with its Russian arms suppliers. The country’s foreign currency reserves peaked at $200 billion in 2012. Spending this windfall on assistance programs and subsidies allowed Bouteflika’s government to survive the initial wave of protests during the Arab Spring. But with oil prices trending down, this was not a sustainable long-run course. By 2018 the government’s oil stabilization fund, which once held reserves worth more than one-third of GDP, had been depleted. Given Algeria’s yawning trade deficit, the IMF expects reserves to fall below $13 billion in 2021. A strict COVID-19 lockdown is containing popular protest for now, but given that the fragile government in Algiers is now bracing for budget cuts of 30 percent, do not expect that calm to last.

Before last month’s price collapse, Angola was already spending between one fifth and one third of its export revenues on debt service. That burden is now bound to increase significantly. Ten-year Angolan bonds were this week trading at 44 cents on the dollar. Having been downgraded to a lowly CCC+, it is now widely considered to be at imminent risk of default. Because servicing its debts requires a share of public spending six times larger than that which Angola spends on the health of its citizens, the case for doing so in the face of the COVID-19 crisis is unarguable.

Faced with the price collapse of 2020, Finance Minister Zainab Ahmed has declared that Nigeria is now in “crisis.” In March, the rating agency Standard & Poor’s lowered Nigeria’s sovereign debt rating to B-. This will raise the cost of borrowing and slow economic growth in a country in which more than 86 million people, 47 percent of the population, live in extreme poverty—the largest number in the world. Furthermore, with 65 percent of government revenues devoted to servicing existing debt, the government may have to resort to printing money to pay civil servants, further spurring an already high inflation rate caused by food supply shortages

The price surge of the 1970s and the nationalization of the Middle East oil industry announced the definitive end of the imperial era. The 1980s saw the creation of a market-based global energy economy. The early 2000s seemed to open the door on a new age of state capitalism, in which China was the main driver of demand and titans like Saudi Aramco and Rosneft managed supply

The giants such as Saudi Arabia and Russia will exploit their muscle to survive the crisis. But the same cannot so easily be said for the weaker producers. For states such as Iraq, Algeria, and Angola, the threat is nothing short of existential.

Beijing has so far shown little interest in exploiting the crisis for debt-book diplomacy. It has signaled its willingness to cooperate with the other members of the G-20 in supporting a debt moratorium.

In a century that will be marked by climate change, how useful is it to restore profits and prosperity based on fossil fuel extraction?

The shock of the coronavirus is offering a glimpse of the future and it is harsh. The COVID-19 crisis drives home that high-cost producers are on a dangerously unsustainable path that can’t be resolved by states propping up their uncompetitive oil sectors. Even more important is the need to diversify the economies of the truly vulnerable producers in the Middle East, North Africa, sub-Saharan Africa, and Latin America.

While we may not know exactly how much Arab regimes spend on their militaries, we do know that they are among the world’s leading importers of arms—an industry rife with corruption—and the largest recipients of military aid. As SIPRI has documented, six of the top 10 importers of major arms were Arab countries, totaling nearly one-third of all global imports ($146 billion) between 2015 and 2019. In 2017—the last year for which full data are available—four of the top 10 purchasers of U.S. arms were Arab countries, and nearly one-third of all U.S. weapons sales ($36.6 billion), along with roughly $5 billion in U.S. security aid, went to Arab regimes.

When IFIs provide assistance, even emergency aid, to Arab governments, they should condition the funds on transparent budgets, including a full accounting of military expenditures

The investigation was of great interest to Turkish strongman Recep Tayyip Erdogan, who has sought since 2016 to quash the probe. According to the Times, Erdogan may have come close to succeeding.

a meeting between Trump and Erdogan in 2018, during which Trump declared Halkbank to be innocent and told Erdogan he would, in Bolton’s words, “take care of things.” He then asked Bolton to reach out to then-Acting Attorney General Matt Whitaker on the matter. Later in 2018, after Trump and Erdogan spoke again, the Times reports that the White House told the southern district that the attorney general, the treasury security and the secretary of state would all become more involved in the case. 

Mnuchin had already reached out to the Justice Department seeking to scale down the potential fine paid by Halkbank in any settlement, following direct outreach by Erdogan’s son-in-law

Whitaker ordered Deputy Attorney General Rod Rosenstein to shut down the Halkbank case—stating, confusingly, that an indictment of the bank could pose risks to U.S. forces in Syria. Department officials opted to simply ignore Whitaker’s request. But after Barr was confirmed as attorney general, he too put pressure on the southern district, pushing prosecutors to allow Halkbank to walk away with only a fine and a limited acknowledgment of wrongdoing—a proposal that Berman reportedly described as “completely wrong.”

The first and more nefarious possibility is that the president pressured the Department of Justice to go easy on Halkbank and Erdogan’s cronies in order to protect his own sizable financial interests in Turkey. The second possibility is less horrible, but it’s not exactly reassuring. Perhaps Trump was swayed by Erdogan’s influence to make policy decisions that cut against the prosecutorial interests of his own government

no plausible benign explanations for Trump’s conduct here

in December 2018, following a call with Erdogan, Trump suddenly reversed course and ordered the complete withdrawal of U.S. troops—a move so unexpected that it ultimately led Secretary of Defense James Mattis and other senior officials to resign in protest. After another intervention by Trump in October 2019, following another call with Erdogan, Turkey was left in control of a broad swathe of Syria’s northern border, including Kurdish areas important to SDF allies of the United States.

efforts have continued both through direct engagement between Turkish and American officials and through the hiring of individuals close to the president himself—including, inevitably, his personal lawyer, Rudy Giuliani

Trump certainly appears to have come to value what he sees as a personal relationship with Erdogan, lauding Erdogan as “a hell of a leader” and bragging that he is “the only one [Erdogan] will listen to” among NATO allies

Trump even invited Erdogan to a meeting at the White House in November 2019, just weeks after slapping (and then removing) sanctions on Turkey for its offensive into northern Syria

Trump has a long record of puzzling policy interventions when it comes to Turkey

it was just before Trump’s December 2018 Syria withdrawal order that Whitaker suggested that failing to drop the investigation against Halkbank might result to threats to U.S. forces in Syria—an argument that might have channeled threats that Erdogan’s regime was publicly making at the time.

he made a cursory review of Erdogan’s memo offering a thin legal theory about US sanctions and impulsively sided with the authoritarian leader over the prosecutors of the southern district

The Trump administration has almost entirely declined to criticize Erdogan’s bad-and-worsening record on human rights, as he and his regime have engaged in politically motivated investigations and prosecutions at home and turned a blind eye to atrocities in those parts of Syria under its control

The Trump administration has also refused to impose statutorily-required sanctions on Turkey for its purchase of a prohibited Russian missile system, without explanation and despite congressional pressure to do so. 

What exactly Trump has gotten in exchange for these positions is far from clear

Erdogan’s consistent ability to come out on top in Trump’s policy deliberations is, to say the least, impressive. And here it’s impossible to ignore Trump’s financial interests in the country: according to the Times’s review of Trump’s tax documents, he received profits of at least $2.6 million from business operations in Turkey between 2015 and 2018. And earlier reporting by the Times on Trump’s taxes describes how the Turkish government and business community “have not hesitated to leverage various Trump enterprises to their advantage,” strategically booking Trump properties to host events in efforts to curry favor with the president. 

If the president was motivated, in whole or in part, by a desire to curry favor with Erdogan in order to benefit his personal finances, that would be a grave abuse of office and plainly impeachable conduct

Trump has already been impeached for abusing his office for private campaign benefit; abuse of office for personal financial enrichment would be even worse.

this is the type of complex policy decision where it is nearly impossible to establish conclusively improper motives

The Halkbank situation is exactly why presidents are expected to abide by ethics rules—including divesting from business interests—and why Trump’s refusal to adhere to the norms of good governance presented serious national security implications from the outset

Having taken no effort to avoid the conflict, Trump isn’t entitled to the benefit of the doubt. And notably, those privy to Trump’s actual decisionmaking with respect to Turkey aren’t extending that benefit.

brazen financial corruption

If he wasn’t seeking financial benefit, then Trump has somehow been persuaded by Erdogan to take actions that contravene his own stated policy goals. A president who is so easily outwitted and susceptible to improper influence is a frightening thing

Saudi Arabia and its allies have conducted their own charm offensive, engaging lobbyists and cultivating a notoriously close relationship between Saudi Arabia’s Crown Prince Mohammad bin Salman and Trump’s son-in-law Jared Kushner.

it is concerning for a president to be so willing to dictate major aspects of U.S. foreign policy on the basis of his personal preferences, often without even checking them against the views of his advisors or coordinating them through the broader government bureaucracy

Turkish officials hired soon-to-be National Security Advisor Michael Flynn to lobby the incoming administration for the extradition of dissident Turkish preacher Fethullah Gulen, whose followers Erdogan blames for the 2016 coup attempt against his regime

Berman refused to go along with Barr’s proposed settlement, which he considered to be unethical. Months later, Barr fired Berman—and then lied about the circumstances and reasons why

Once again, the president is intervening in an investigation and a prosecutorial decision in a fashion that appears self-interested, appears to cut against stated U.S. policy to the benefit of an authoritarian leader and his interests, and appears influenced by the president’s own business concerns.

The number of Turkish embassies in Africa has grown from 12 to 43 since 2002 while the national flag carrier, Turkish Airlines, flies to over 60 African destinations.

the young, fast-growing continent's huge need for infrastructure, from electricity to bridges, drinking water to waste disposal, where Turkish companies excel

Algeria, meanwhile, is one of Turkey's main suppliers of liquefied petroleum gas, offering Ankara a chance to "reduce our dependence on Russia and Iran"

For African officials, Turkish companies offer jobs and reasonably priced goods the quality of which often compares favourably to those from China -- one of the continent's most aggressive investors.

The bid to expand African trade comes with the Turkish lira steadily sinking to new lows, which makes exports even more competitive.

"There is a long-term plan, it's not a short-term plan," Bayram said, pointing to investments in healthcare, education, training, and the role of women.

Ansari touted his government’s role as a global mediator, claiming a secret meeting between Qatar’s Prime Minister Mohammed bin Abdulrahman bin Jassim Al-Thani and the Taliban’s supreme leader Haibatullah Akhundzada marked a “breakthrough.”It was the first known contact between the Taliban’s top leader with a non-Afghan official, Ansari said, adding that Qatar has sought to encourage the hard-line Islamist group on human rights, in particular those of women and girls. “We found that the more they engage, the more they are willing to listen,” Ansari said.

The Nile Delta—where agriculture employs one-fifth of the country’s workforce and is responsible for 12% of its GDP and much of its food supply—is being hammered by rising sea levels, rising temperatures, and a growing shortage of water.

rapid urbanization and population growth

Climate adaptation solutions that could keep environmental problems from turning existential—fixing the battered and wasteful irrigation network, expanding affordable access to improved seeds and climate-smart farming technologies, and more effective and equitable regulation of urban development on agricultural land—are being rolled out by the government and research groups, but often slower than the pace of climate impacts. That’s left Egypt’s economy and food security exposed to growing risk.

“We’re really squeezed and marginalized here, and the government isn’t helping,” said one farmer down the road from Abdullah, who requested anonymity to speak frankly (with tens of thousands of political prisoners, Egypt’s restrictions on free speech are also gaining prominence ahead of COP27).

his children see no future in agriculture

Around 1805, an Ottoman general named Muhammad Ali took control of the country, and founded the dynasty of kings that would rule—eventually under British colonial supervision—for 150 years. One of Ali’s most enduring marks on the country was the establishment of the first modern network of dams and irrigation canals in the Delta, which allowed tens of thousands of new acres to come under cultivation.

water and land played a crucial role in Nasser’s legacy. 12% of the country’s arable land was owned by the aristocracy; Nasser nationalized this land and distributed it to about 340,000 impoverished rural families. He also further extended Ali’s irrigation network and oversaw construction of the Aswan High Dam, which brought an end to the Nile’s ancient seasonal flooding and fixed the river in its present position, with just two remaining branches forking through the Delta.

Egypt’s population has since more than quadrupled, to 104 million. Yet the flow of the Nile, which supplies more than 95% of the country’s water, has remained more or less constant. In the 1990s water availability fell below the international “water poverty” benchmark of 1,000 cubic meters per person per year.

Egypt has managed that scarcity by meticulously recycling agricultural water and, in recent years, curtailing the production of water-intensive crops like cotton and rice and importing 40% of its wheat and other food staples.

The population is still growing quickly, and could reach 160 million by 2050. The Grand Ethiopian Renaissance Dam that is nearing completion upstream could cut the flow of Nile water into Egypt by a quarter during the as-yet-unknown number of years it will take to fill its reservoir. By 2100, climate change-related heat waves upstream could reduce the Nile’s flow by 75%, Abousabaa said.

rising temperatures and falling rainfall mean crops—which consume 86% of Egypt’s water supply—will require more irrigation to survive.

current annual demand for water is about 35% higher than what the country receives from the Nile, groundwater, and a very small amount of rain—a deficit of about 20 billion cubic meters. To cover it, she said, Egypt will need to use every drop multiple times, aggressively minimize wastage, and boost the supply by investing $2.8 billion in dozens of new desalination plants with the aim to produce 5 billion cubic meters annually by 2050.

On the western fringe of the Delta, farms and suburbs are gradually overtaking the desert as the central Delta grows more crowded. Here, water is even scarcer and the impacts of climate change are more pronounced. But in this and a few other desert areas around Egypt, the government is working to link more than 1.5 million acres to groundwater irrigation, and says it is about one-third of the way there. Land reclamation could take some pressure off the Delta, and sandy soils are well-suited for the production of citrus fruits that are one of Egypt’s most lucrative exports.

The unpredictability makes it difficult to identify solutions, Salah says: “Climate change is like a big black box.”

“For the last two years, with heat wave after heat wave, we lost more than half the crop. It’s really sad.”

The farm relies on groundwater brought up from wells on the property, and Nasrallah says the suburbs are draining the aquifer. In the last four years he has had to dig an extra thirty meters to find water—and deeper wells mean higher electricity bills for pumping. Some wells have dried up altogether. Recently, government officials told him he had to stop watering the grass on a soccer field he built for his workers.

Urbanization is also spreading in the inner Delta, as many farmers decide that constructing housing is more profitable than growing crops. Since the 1970s, about 14% of the Delta’s arable land has been converted to urban development

Individual farms are also becoming smaller with each generation as, in keeping with longstanding Egyptian custom, land is divided among a father’s heirs (with sons traditionally taking a larger share than daughters). Urban development degrades the Delta’s soil and drives more farming into the desert, leaving the entire food system more vulnerable to climate impacts. Land fragmentation leads to the inefficient use of water and other resources and raises the costs of distribution for farmers.

in some cases, the government’s own plans are responsible, most recently in August when thousands of people living on a Nile island near Cairo that was primarily used for farming were evicted to make way for a state-sanctioned development project.

The network started by Muhammed Ali now includes about 33,000 miles of delivery and drainage canals across the country, enough to wrap around the globe, that range in size from small rivers to something a child could hop over. Delta residents say they used to bathe in these canals, drink from them, and raise fish in them. Now many of them, especially at the ends of the network, are polluted with farming chemicals and sewage, and choked with trash.

Between seepage, evaporation, and water wasted by farmers who flood their fields instead of using controlled irrigation hoses, nearly one-third of the country’s water is lost in the irrigation system between the Aswan High Dam and the sea

The soil is dark and appears rich, but is crusted with a visible layer of salt, a problem that affects up to 40% of Egypt’s arable soil.

Fixing the irrigation network is a priority for the government. Eman Sayed from the Irrigation Ministry said her agency has lined about 3,700 miles of canals with concrete in the last two years and is aiming to finish another 12,400 in the next few years. The ministry is also helping farmers cover the cost of installing drip irrigation systems, which researchers at AUC found can cut farmers’ water consumption 61% per year; today such systems cover only one-sixth of arable land in Egypt.

Authorities have also begun to restrict production of water-intensive crops like rice and bananas, although farmers say there is little enforcement of these rules, and both crops are still widely cultivated throughout the Delta.

Egypt has made clear that COP27 will focus primarily on wringing climate finance out of the rich countries that are most responsible for climate change.

On the horizon, an offshore natural gas platform is visible. Egypt, which seized the disruption of Russian energy supplies to Europe because of the Ukraine war as an opening to boost its own exports of natural gas, is now contributing more to the problem than ever before; an independent review of its new climate strategy ranked it “highly insufficient” for averting disastrous levels of carbon emissions.

By 2100, Noureldeen says, sea level rise could inundate nearly 700 square miles of the coastal Delta and displace four million people.