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Middle East

Turkish Tales: why investors are looking again at Turkey

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After an eighteen-month monetary overhaul, Ankara is finally putting a lid on the price spiral that peaked above 70 percent last spring. The OECD’s April survey notes that, provided interest rates remain restrictive and fiscal discipline holds, consumer inflation should sink to single digits by 2027, bringing Turkey back within striking distance of its long-forgotten [...]

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Tensions Mount in the Middle East: countries close to conflict

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Washington’s 22 June strikes on Fordow, Natanz and Isfahan crippled centrifuge halls and auxiliary power systems, shaving, by Tehran’s own estimate, several months off its enrichment timetable and forcing emergency repairs under international scrutiny. Yet the underlying capability endures, IAEA data show Iran now holds more than 9 tons of enriched uranium, including enough 60

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Maximum Pressure – the USA’s stance in the Middle East

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In his second term, President Donald Trump has embarked on a series of assertive foreign policy shifts that are reshaping US engagement with the Middle East. Emphasising an "America First" agenda, the administration has adopted a more unilateral approach, re-evaluating traditional alliances and international commitments. ​A notable aspect of this strategy is the intensified ‘maximum

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Global Energy Security: Impacts on business and emerging concerns

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Global energy security is the subject of achieving reliable and affordable access to energy resources for all nations. Today’s international community very much depends on energy security as it has become a critical aspect of the livelihoods of both people and business. Energy must be made not only available and sufficient, but also have infrastructure

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USA Boycotts: The impact of Middle East politics on US businesses in Southeast Asia

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Recent reports have exposed economic acts of disapproval in Malaysia and Indonesia, where nationwide boycotts against US businesses, particularly in the fast-food chain sector like McDonald’s and KFC, have taken hold. These movements are a peaceful but clear protest against the US for its support of Israel and the conflicts in the Gaza strip. The

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An unsettled Middle East: analysing the Muscat attack and broader implications

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In the early hours of 17 July 2024, a horrific terrorist attack occurred in Muscat, Oman, reminding all that persistent threats remain in the Middle East. The attack, a shooting which saw 6 people killed – 4 Pakistanis, 1 Indian and 1 police officer – and 30 wounded, was claimed by IS (Islamic State). The

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Iran’s Revolutionary Guard given the green light for terrorism

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It is now clear that operations of the terrorist group Hamas are being funded by the Iranian Revolutionary Guard Corps (IRGC), including the attack on Israel on 7 October 2023. Furthermore, there are reports of plans by the IRGC to carry out terrorist attacks on non-military Western targets, in an attempt to deter countries from

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Malaysia’s audacious push for a new trading bloc

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The new trade corridor agreement championed by Malaysia marks a pivotal moment in regional trade history, with its impact expected to reverberate far beyond the member countries involved. Operating together, the Association of Southeast Asian Nations (ASEAN) and the Gulf Co-operation Council (GCC) represent economic abundance and vitality. ASEAN, with its broad manufacturing digital marketplace,

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‘The Arabian Phoenix’ Part 2 – Saudi Arabia’s Vision 2030

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This year marks the half-way point in Saudi Arabia’s ambitious Vision 2030. To what extent is the Kingdom of Saudi Arabia (KSA) on track to achieve its goals of diversification economically, socially and culturally that it outlined in 2016? Last year, KSA achieved the astonishing growth rate of 8.7% – making it the fastest growing

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‘The Arabian Phoenix’ – Saudi Arabia’s resurgence in global trade

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A new era is dawning in the Kingdom of Saudi Arabia (KSA). Historically, KSA’s riches have derived from abundant oil reserves, making it one of the globe’s leading exporters in this energy sector. The revenue generated from this exceptional wealth has shaped the country’s economy and infrastructure. However, dependence on and exposure to a single

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