Middle East

Middle East

The Middle East (including Egypt but excluding North Africa) had over 684m people spread over 17 countries in 2018. Total GDP was 3.7 trillion USD and average GDP per capita was 18,581 USD. Total exports were 1.5 trillion USD. Civilisation began in the Middle East with the emergence of the Sumerians around 4000 BC. They invented writing and their cuneiform writings survive to this day. Around 3,000 BC, Ancient Egypt began to develop along the Nile while in 2300 BC the Akkadian empire formed in Southern Mesopotamia. Following the Akkadians, the Babylonian empire emerged with Hammurabi’s code of law arguably its most famous artefact. After the Babylonians a procession of empires ruled over the Middle East including the Assyrians, Medes, Persians, Macedonians, Romans, Parthians, Sassanids, and Byzantines. In the 7th century, Islam emerged from Mecca and Medina and within three generations the Arabs had established a Caliphate that covered the Arabian Peninsula, Persia, North Africa, and parts of Spain. The Seljuq Turks captured Anatolia in the 7th century ending Byzantine rule there. The Arabs and Turks played an important role in trade along the Silk road, bridging Asia and Europe. Crusaders arrived in the Levant in the 11th century after pleas of help from the Byzantines and maintained the Kingdom of Jerusalem for around 100 years before being defeated by the Seljuks. The Seljuks were displaced by the Mongols who in turn were replaced by the Ottomans. The Ottomans remained the dominant power until the 20th century. In the 16th century the Portuguese reached Arabia and established several forts along the Persian Gulf. In 1798, Napoleon invaded Egypt but French rule quickly turned to semi-autonomy from the Ottomans. In 1869, the Suez Canal was opened transforming trade in the region. The British established a military presence in 1882 to safeguard trade to India. The British also signed treaties with the various rulers in the Trucial Coast on the periphery of Ottoman influence. They maintained their influence in the region until the early 1970s, acting as guardians for many of the smaller states. When they left, US influence increased. The modern Middle East emerged after WW1 with the fall of the Ottoman empire. The British and French decided on the new borders in the Sykes-Picot agreement. The 1917 Balfour declaration controversially paved the way for the establishment of Israel in 1948 . Oil was first discovered in Saudi Arabia in 1938. It heralded the transformation of the region. In the 1950s and 1960s, the Arab oil states took greater control of the oil industry, nationalising their national oil industries and forming OPEC in 1960. In 1967 and 1973 they flexed their new geo-political muscles with oil embargoes that demonstrated Arab solidarity against Israel. The 1979 Islamic revolution in Iran changed the geo-political dynamic in the region. As did the Iraqi invasion of Kuwait in 1990 and the first and second Gulf Wars. The 2010, Arab Spring saw democratic change in several countries in the region, but it also resulted in a civil war in Syria and instability in Iraq. In 1981, the Gulf States formed the Gulf Cooperation Council (GCC) signalling the desire for greater economic integration. There have also been strong efforts by individual GCC countries to diversify their economies. In recent years this has seen increased investment in ICT and start-ups.

Empty Threats: Little to Fear from the Chattering Classes

Western intelligence services are sounding the alarm over a possible terrorist attack soon to strike Yemen or another country in the Middle East. Spying agencies noted a significant increase of

Mohamed Al Jaber: The Arabs and Technology

Mohamed Al Jaber, born in Jeddah in 1959, is a UNESCO special envoy who likes constructive dialogue and so do we. He believes in building bridges between the Middle East

Bentley Motors Middle East: World’s Biggest Workshop in Dubai

Sales In March this year, Bentley Motors announced its financial results for the year ending 31 December 2012, reporting a significantly increased operating profit of Euros 100.5m compared to Euros

UN Says Bangladesh Labour Laws Fall Short of International Standards

The United Nations labour agency today on Monday 22nd July that amendments to the Bangladesh Labour Act “will hopefully prove to be a first step” in addressing workers’ rights and
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Investor Confidence in Dubai Real Estate Sets Tone for Big Year at Mid East’s Largest Property Show

Cityscape Global prepares to host more than 200 exhibitors as Dubai real estate benefits from AED50 billion investment surge in 2012. Dubai, UAE, 17 July 2013: The renewed investor confidence

IMF: KSA Is One of The Top G-20 Performers

On July 08, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Saudi Arabia. Saudi Arabia has been one of the best performing

Iraqi Government & Industry Gather to Drive Oilfield Optimisation in Iraq

Under the patronage of HH Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, the fourth Iraq Mega Projects Conference and Exhibition, organised by the CWC Group and supported by the

Military Takeover in Egypt: UN Appeals for Restraint

With Egypt’s transition at “another delicate juncture,” United Nations Secretary-General Ban Ki-moon reiterated on Wednesday 3rd July his appeals for non-violence and restraint, urging an inclusive approach to overcome the
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UN: Management of Natural Resources for a Peaceful Afghanistan

Sustainable and equitable management of Afghanistan’s natural resources such as land, water, forests and minerals can contribute to peacebuilding in the country, according to a United Nations report released on

CFI Hero Malala and Gordon Brown Fight Back for Children’s Education

A 15-year-old Pakistani girl targeted by assassins – Malala Yousafzai – is the first signatory of a new worldwide petition calling for urgent action to ensure the right of every

Solar Industry in the MENA Region: Sunny Prospects

A trend towards generating electricity from solar power is on the horizon for the countries of the MENA region (Middle East and North Africa); The regional market for photovoltaics (PV)

Revenue Watch: 4 out of 5 Companies Fail in Good Governance

The Resource Governance Index (RGI) measures the quality of governance in the oil, gas and mining sector of 58 countries. From highly ranked countries like Norway, the United Kingdom and
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