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The stability of the Middle East is highly dependent on economic prosperity. Unfortunately, a weakening economic outlook due to the decline in oil prices and ongoing regional conflicts is exacerbated by the pandemic. The young and growing demographics of the region require swift action to create jobs. Without a long-term regional economic strategy that empowers the region’s rich human capital to contribute meaningfully to the economy, we will continue to go from one crisis to the next. The pandemic is providing a strong catalyst for change and sparking economic diversification and growth.
empowerME at the Atlantic Council’s Rafik Hariri Center for the Middle East hosted a discussion featuring US Department of State Acting Assistant Secretary Joey Hood on US economic development priorities in the Middle East. The topics included entrepreneurship and innovation, how to economically empower youth, women, and marginalized communities, and the challenges and opportunities the pandemic and climate change have introduced.
Acting Assistant Secretary Joey Hood
Bureau of Near Eastern Affairs, US Department of State
Director, empowerME, Rafik Hariri Center for the Middle East
MENASource Jan 25, 2021
Region’s economies will benefit from Gulf-Qatar deal
By Tim Fox
The embargo had a significant negative impact on Qatar’s economy first and foremost, but it also had indirect consequences across the Gulf, and these were ultimately in part responsible for the decision to bring the dispute to a close.
MENASource Jan 6, 2021
MENA’s post-COVID resilience depends on using the talent pool of women
By Nadereh Chamlou
In the Middle East and North Africa (MENA), where gender-based inequalities are many and deep-rooted, the concern for women’s setbacks could be more serious due to the pandemic.
MENASource Jan 4, 2021
Experts react: The US brokers another deal to end the Gulf rift
By Atlantic Council
On January 4, it was reported that Saudi Arabia, Qatar and other Gulf states are expected to sign a deal towards ending the “Gulf rift.” Atlantic Council experts react to the agreement and what it means for the wider region.