About MacroMENA

The empowerME Initiative’s MacroMENA promotes research and contributes to public policy formulation in the area of economic growth in the Middle East and North Africa (MENA) region, with a focus on sustainability, inclusivity, and gender equality. We work closely with multiple teams across the Atlantic Council, and collaborate with various international organizations to shed light on the economies of the MENA region and propose targeted policy solutions amidst the highly volatile and fast-changing global economy.

our pillars of work

empowerME at COP28

Live from Dubai during COP28 this past December 2023, view our two marquee events on the fundamental challenges must be addressed to truly unlock the renewable energy potential for the Middle East, North, and Sub-Saharan Africa regions.

Unleashing the green energy potential in the Middle East, North, and Sub-Saharan Africa (SSA)

Mobilizing private capital & enhancing innovation capabilities in the renewables sector of the Middle East and North Africa region

empowerME at IMF/WB Meetings

Live from Marrakesh during the IMF/WB Annual Meetings this past October 2023, view our two marquee events that discuss the economic outlook for the Middle East and North Africa regions:

A Conversation with Morocco’s Nadia Fettah Alaoui & Citi’s Ebru Pakcan

A Conversation with the World Bank’s Roberta Gatti

MENA Monitors: Oil & Foreign Exchange

We are starting to monitor to the fluctuations in the oil and foreign exchange markets in key MENA countries, considering the escalating geopolitical crisis in the region, in addition to the existing economic crises.

Oil price update: Geopolitical factors continue to play a significant role in shaping the energy landscape. This month, oil prices reached some of their highest levels since October 2023, with the West Texas Intermediate (WTI) crude oil price hitting $86.91 per barrel, marking a $5 increase from the previous month. Additionally, the Brent crude oil price surged to $91.17 per barrel, also representing a $5 increase compared to the preceding month. The price surge occurred promptly after the Iran-Israel attacks.

Sources: Official Egypt exchange rate; Parallel Market Rate

Foreign exchange update: It has been six weeks since the Egyptian pound was floated, and both the official and secondary markets appear to have efficiently converged within the range of US$1 to LE47-48. With an improvement in foreign exchange liquidity, the market is anticipated to sustain stability in the months ahead.

Featured analysis and in-depth reports




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