As we say farewell to 2022, and welcome 2023, let’s talk about the Middle East
economy, in a nutshell. Generally, this past year has been fairly challenging, not
just for the region, but globally as well. As the world attempted to recover from the
long-lasting effects of the pandemic crisis, the war in Ukraine started, creating
immediate tensions in food and energy prices around the world.
Meanwhile, the climate agenda will continue to dominate the discussion across the
MENA region, with an exceptional occurrence where two MENA countries are
leading the COP presidency in two consecutive years. Egypt will hand over its
COP27 presidency to the UAE at COP28, in November 2023 in Dubai.
December 2022
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