In 2022, oil prices had a rocky ride because of persistent economic and geopolitical uncertainty. It seems 2023 might prove even more volatile.
Crown Prince Mohammed bin Salman continues his ruthless campaign of suppressing critics and anyone else he deems a threat to his one-man rule.
The Saudi economy is buoyant while the Lebanese economy has collapsed, marking the contrasting fates of different players in the Middle East.
Despite the optics and the apparent climbdown by President Joe Biden amidst claims of Saudi resentment and a rupturing US-Saudi partnership, Chatham House’s Neil Quilliam and Azure Security’s Alice Gower argue that the relationship with Saudi Arabia though strained was never at serious risk.
A historic bribery case involving Saudi Arabia and an Airbus subsidiary comes before a UK court, threatening a much more recent Airbus deal masterminded by Crown Prince Mohammed bin Salman.
The Russia-Ukraine War, soaring oil prices and rising inflation give the Saudi crown prince much leverage and might force the US president to seek a rapprochement with him.
Perfect Strangers, Netflix’s first Arab production, caused controversy because of a gay character, but ranked the movie among the topmost seen in Egypt and the Middle East.
The Ukraine-Russia crisis has laid bare Europe’s dangerous reliance on Russian energy. But it has also opened up new opportunities for the exporting of Libyan and Algerian gas.