Money Laundering

Dollar shortages, debts and (in)formal capital controls in MENA

Summary: roughly a quarter of countries in the Arab League, including currently suspended member Syria, are suffering from currency depreciation, a US dollar shortage and rising debt levels. Issues are being compounded by surging inflation, while in some countries (in)formal capital controls and sanctions are impacting trade and debt repayments.

Putin’s war plays well for MENA authoritarians

Summary: the dominant narrative in Western media is that Vladimir Putin is losing his war in Ukraine but MENA expert Christopher Davidson, looking at the war through a Gulf lens, offers an alternative and thought-provoking take.

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