Turkey is heading for crucial presidential and parliamentary elections in a pivotal year for its history. Indeed, October 2023 will mark the centenary of the founding of the Republic. Before that date, in June, Turkey will go to the polls, which will either consolidate President Recep Tayyip Erdoğan’s longstanding power or mark a seismic shift, after two decades of his Justice and Development Party (AKP) rule. Eight months ahead of the vote, election outcome is still far from being decided.
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As relations between the United States and the Gulf Arab states face increasing tension over energy policy, Europe and the Gulf grow closer.
After the Russian invasion of Ukraine food prices spiked in early 2022, from already elevated levels, especially for cereals and vegetable oils, where both countries have substantial shares in global exports. Around 30 percent of global exports of wheat and barley, 20 percent of corn, and a whopping three quarters of sunflower oil come from the two countries.
Global growth forecast is expectedto slow down,from 3.2% in 2022 to 2.7% in 2023.
2023 will be a crucial year for Iran on the domestic, the regional and the international stages. The challenges the country will face in each of these key areas and how the establishment will handle them will shape the future of Iran for years to come.
The MED This Week newsletter provides expert analysis and informed insights upon the most significant developments within the MENA region, bringing together unique opinions on the topic and reliable foresight upon future scenarios. Today we turn the spotlight on investments in infrastructure, which are increasingly important to let Southern Mediterranean countries fully unlock their economic potential.
The relations between the DRC and Rwanda have continued to deteriorate since the analysis published here in mid-June. At the centre of the renewed conflict in eastern DRC is the longstanding rivalry between Rwanda and Uganda, the stakes being both military and economic.
The Russian aggression against Ukraine, the sanctions on Russian oil and coal and Russia’s gas supply stop has forced Germany to reassess its energy and climate policy and to redefine priorities in the energy trilemma sustainability- supply security-economic competitiveness. Before the war, Germany clearly prioritized climate sustainability and the electrification/decarbonization of the economy. Meanwhile, it considered fossil energy-especially gas- security stable and secure and competitiveness increasingly a function of the energy transformation.
Spain is pursuing an energy transition model based on renewable energies, electrification, and the development of decarbonised gases, with growing interest in renewable hydrogen. The strategy gives importance to the concept of strategic open autonomy and Just Transition, while it is presented as a lever for reindustrialisation and economic growth.
"The world has never witnessed such a major energy crisis in terms of its depth and its complexity," IEA Executive Director Fatih Birol said at a global energy forum in Sydney. "We might not have seen the worst of it yet -- this is affecting the entire world."