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Middle East Geoeconomics in the Context of the Hamas War.



  Oct 27, 2023

War on Hamas and the Middleast Geoeconomics



Q1: What is the “new” Middle East, and how did it emerge?

A1: The “new” Middle East refers to a shift in the region’s dynamics, emphasizing geoeconomics and economic cooperation over historical political tensions.
It gained momentum in 2020 with initiatives like the Abraham Accords, which normalized relations between the UAE, Bahrain, and Israel.

Q2: What is the impact of the recent Hamas-Israel crisis on the “new” Middle East?

A2: The crisis has the potential to disrupt the region’s focus on geoeconomics and economic cooperation.
It highlights the challenge of balancing economic initiatives with longstanding geopolitical issues like the Israeli-Palestinian conflict.

Q3: What are some economic initiatives involving Israel and Middle Eastern countries?

A3: Initiatives include trade agreements, like the one between Israel and Dubai, and larger projects such as the India-Israel-UAE-US grouping (I2U2) and the India-Middle East-Europe Economic Corridor (IMEEC).

Q4: How does the Middle East aim to diversify its economy, especially in the context of changing energy dynamics?

A4: Countries like Saudi Arabia are recognizing the need to transition away from a reliance on petro-dollars.
They are investing in developing domestic industries, including services and manufacturing, to adapt to changing global energy trends.

Q5: What potential impact does the crisis have on global oil prices?

A5: Global oil prices can be affected by geopolitical events in the Middle East, and disruptions can have implications for countries that rely on oil imports, such as India.

Q6: How are regional powers responding to the crisis and its implications for the “new” Middle East?

A6: Responses vary, with some countries being pragmatic and avoiding taking sides, while others reiterate their stance on the Israeli-Palestinian issue.
The crisis may affect plans for Israel-Saudi normalization and regional integration initiatives.

Q7: What is the likelihood of a two-state solution to the Israeli-Palestinian crisis?

A7: While many continue to call for a two-state solution, the article suggests that the likelihood of achieving such a resolution as a final result is minimal.

Q8: What is the broader lesson from the crisis for the Middle East’s long-term stability and economic cooperation?

A8: The crisis highlights the need for regional powers to address the gap between top-heavy policy decisions and groundswell public opinions,
movements, and crisis points. It underscores the complexity of balancing economic progress with regional stability.

Q9: What role can global powers and the international community play in supporting the Middle East’s integration aims?

A9: The global community can support regional integration efforts initiated by the Arab world, including with Israel. Their involvement can influence the balance between economic cooperation and political stability in the region.

Q10: What are the potential long-term benefits of initiatives like I2U2 and IMEEC for the Middle East?

A10: These initiatives have the potential to bring economic benefits to the region, including Palestinians. However, they require time, resources, and political patience to materialize.
These FAQs provide insights into the key topics discussed in the article related to the Middle East’s evolving dynamics, geoeconomics, and geopolitical challenges.


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