After Islamic State, Middle East fissures will deepen

Significance The salafi-jihadist group has lost almost all the territory it formerly held in Iraq and Syria. The recent attack on a mosque in Egypt’s Sinai also significantly reduced its local support. Arabic-language media are already looking to the next stages of Middle East conflict. Impacts The negative impact of IS losing its Raqqa propaganda centre on its efforts to control the narrative will be temporary. Following IS's loss of the Syria-Iraq border, Arabic press focus on the confrontation between Iran and US-linked forces will rise. The disappearance of IS as a territorial threat will likely increase divisions among Middle Eastern states.

2016 ◽  
Vol 6 (3) ◽  
pp. 1-39
Author(s):  
Roger Moser ◽  
Gopalakrishnan Narayanamurthy

Subject area The subject area is international business and global operations. Study level/applicability The study includes BSc, MSc and MBA students and management trainees who are interested in learning how an industry can be assessed to make a decision on market entry/expansion. Even senior management teams could be targeted in executive education programs, as this case provides a detailed procedure and methodology that is also used by companies (multinational corporations and small- and medium-sized enterprises) to develop strategies on corporate and functional levels. Case overview A group of five senior executive teams of different Swiss luxury and lifestyle companies wanted to enter the Middle East market. To figure out the optimal market entry and operating strategies, the senior executive team approached the Head of the Swiss Business Hub Middle East of Switzerland Global Enterprise, Thomas Meier, in December 2012. Although being marked with great potential and an over-proportional growth, the Middle Eastern luxury market contained impediments that international firms had to take into consideration. Therefore, Thomas had to analyze the future outlook for this segment of the Middle East retail sector to develop potential strategies for the five different Swiss luxury and lifestyle companies to potentially operate successfully in the Middle East luxury and lifestyle market. Expected learning outcomes The study identifies barriers and operations challenges especially for Swiss and other foreign luxury and lifestyle retailers in the Middle East, understands the future (2017) institutional environment of the luxury and lifestyle retail sector in the Middle East and applies the institutions-resources matrix in the context of a Swiss company to evaluate the uncertainties prevailing in the Middle East luxury and lifestyle retail sector. It helps in turning insights about future developments in an industry (segment) into consequences for the corporate and functional strategies of a company. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or e-mail [email protected] to request teaching notes. Subject code CSS 5: International Business.


2016 ◽  
Vol 5 (3) ◽  
pp. 365-382 ◽  
Author(s):  
Nabamita Dutta ◽  
Russell S. Sobel ◽  
Sanjukta Roy

Purpose Existing literature has expressed significant pessimism about the outcomes of foreign aid received by developing nations. Foreign aid can lead to negative outcomes by generating greater rent-seeking opportunities and creating aid dependence. While aid’s negative impact has been explored in the context of growth, political institutions, and economic institutions, the literature has not investigated the effect of aid on business climate of recipient nations. The purpose of this paper is to explore foreign aid’s impact on government regulations on the business climate in Sub-Saharan African (SSA) and Middle East and North American countries. Design/methodology/approach The authors consider a panel of 64 countries over six years. Since foreign aid is most likely to be endogenous, as identified in most studies, the identification strategy follows two methodologies – system GMM estimator, that creates its own instruments via moment generating conditions and instrumental variable approach that relies on an external instrument. Findings The authors find that aid worsens the business climate by increasing government restrictions. Foreign aid provides the recipient governments and the political elite resources to strengthen their power and reinforce predatory policies that are harmful for the business climate. The results further show that in the presence of long-lasting and sustainable democratic regimes, the negative impact of foreign aid on business climate mitigates to a certain extent. Originality/value While aid’s negative impact has been explored in the context of growth, political institutions, and economic institutions, the literature has not investigated the effect of aid on business climate of recipient nations. The authors explore the impact of foreign aid on government regulations on the business climate in SSA and Middle East and North American countries.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Pierre El Haddad ◽  
Alexandre Anatolievich Bachkirov ◽  
Olga Grishina

Purpose This study aims to explore the commonalities and differences of corporate social responsibility (CSR) perceptions among business leaders in Oman and Lebanon, two Middle Eastern countries forming a comparative dyad with a high level of cultural variance within the Arab cluster. Design/methodology/approach Semi-structured interviews were used to elicit qualitative data that were analyzed by means of multilevel analysis. Findings The findings provide empirical evidence that CSR is a powerful factor in managerial decision-making in the Middle East with the national cultures of Oman and Lebanon exerting partially differing effects on CSR decision-making. Practical implications The study enlightens practicing managers and policymakers in terms of the salience of multiple actors’ influence on CSR decision-making processes and the responses they may receive when developing and implementing CSR initiatives in the Middle East. Originality/value The study proposes a seven nodal model, which captures the flow of CSR decision-making in the research contexts.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Anas Alaoui Mdaghri ◽  
Lahsen Oubdi

Purpose This paper aims to investigate the potential impact of the Basel III liquidity requirements, namely, the net stable funding ratio (NSFR) and the liquidity coverage ratio (LCR), on bank liquidity creation. Design/methodology/approach The authors developed a dynamic panel model using the Quasi-Maximum Likelihood estimation on an unbalanced panel dataset of 129 commercial banks operating in 10 Middle Eastern and North African (MENA) countries from 2009 to 2017. Findings The results show that the NSFR significantly negatively affects liquidity creation. Similarly, the LCR exerts a substantial negative impact on the liquidity creation of the sampled MENA banks. These findings suggest that complying with both liquidity requirements tends to curtail liquidity creation. Moreover, further regression analysis of large and small bank sub-samples uncovered results similar to the overall MENA sample. Research limitations/implications The findings raise interesting policy implications and suggest a trade-off between the benefits of the financial resiliency induced by implementing liquidity requirements and the creation of liquidity essential for promoting economic growth in the region. Originality/value Most empirical research focuses on the relationship between bank capital and liquidity creation. To the knowledge, this paper is the first to provide empirical evidence on the effect of both the NSFR and LCR regulatory liquidity standards on bank liquidity creation in the MENA region.


Author(s):  
Christina Civantos

In the mid-1800s various historical circumstances in the Ottoman province of Greater Syria including economic changes, religious tensions, and the shift from Ottoman to European control produced a large-scale Levantine (Lebanese, Syrian, and Palestinian) migration movement that took many Levantine Arabic-speakers to Argentina, Chile, Mexico, Colombia, Cuba, and neighboring countries. This immigration wave and subsequent ones between the Middle East and Spanish America gave rise to a body of literature that can be referred to as Spanish American Arab literature. These immigrants and their descendants, known as turcos—“Turks”—because they arrived from the Ottoman Empire, were mostly Christians of various Middle Eastern churches, but some were Muslims, Druze, or Jews. They typically sought their livelihood through commerce and the Christian immigrants used religious affinity with the Hispanic world as a vehicle for assimilation. Nonetheless, some of these immigrants did pursue interests in the world of letters and often consciously crafted an Arab émigré identity through their writings, whether in Arabic or in Spanish. The early writers who were publishing in Arabic formed associations to support their Arabic literary enterprise and published in Middle East–based periodicals while also establishing local Arabic-language or bilingual periodicals, in order to secure publication venues. Perhaps because many of these writers worked in journalism, in both earlier and later periods historical and cultural essays have been a prominent genre among Arab Spanish Americans. Although most of the Latin American mahjar poets (or émigré poets) were more traditionalist in views and in poetic style than their brethren who settled in North America, some did participate in poetic innovation. In prose, in addition to a few plays, autobiographies, and book-length essays, émigré writers in Argentina produced early attempts at Arabic novels. Regardless of genre, these early writers participated in significant ways in the cultural and political aspects of either Arab nationalist movements or pan-Arabism. In order to engage with the cultures surrounding them, Arab immigrant writers and their descendants soon turned to writing and publishing in Spanish, across various genres. Many of these writers continue to address, whether directly or indirectly, Arab identity and broader conceptions of diaspora and uprootedness. Regardless of these émigré writers’ language of expression, language in relation to identity and the representation of the immigrant or ethnic experience is a key motif in Spanish American Arab literature. Given that the Southern Cone and Brazil received more Arabic-speaking immigrants, more research has been done on these regions. Although Brazil is the site of rich Arab diaspora cultural production, those works do not fit within the scope of this bibliography. With time, researchers may unearth more primary texts from other regions in Spanish America and hopefully continued scholarly work on all of these regions will further our knowledge about Arab literary production in Spanish America.


Subject ISG infiltration of refugee flows. Significance Refugee arrivals in Europe in 2016, large if not at 2015 levels, will put yet more pressure on the EU, which is already struggling to address economic crises, political polarisation and inter-state divisions on how to address security crises in Ukraine and the Middle East. Suspicions have grown that among the refugees are operatives of the Islamic State group (ISG). Impacts ISG's foreign fighters in Iraq and Syria will seek to expand their relationships with existing extremist networks in Europe. Speculation over ISG's presence within refugee flows will continue, especially as far-right parties continue to perform well in elections. The EU-Turkey deal may slow refugee flows, but the existing numbers of refugees will continue to attract suspicion from authorities.


Significance SDSR 2015 revealed significant defence commitment decisions. Many of these correct choices made in the preceding SDSR 2010, and constitute an implicit recognition that the government's previous emphasis on cuts and savings may have been an error. Impacts The SDSR will boost Cameron's effort to win parliamentary backing for UK air strikes against Islamic State group (ISG) in Syria. UK-French cooperation will grow, including joint development of a combat drone, and a 10,000-strong Combined Joint Task Force due in 2016. Equipment decisions will boost firms including Lockeed Martin and Boeing (US), Dassault (France) and BAE, Rolls Royce and Babcock (UK). Higher defence spending, especially on replacing all four Trident nuclear submarines, will heighten political arguments over defence issues. A planned 30% cut to the Ministry of Defence's civilian workforce will have a negative impact, at least for a transitional period.


Subject The Islamic State group's ambitions in Afghanistan. Significance In a bid to offset its reverses in Syria and Iraq, Islamic State (IS) is strengthening its Afghan presence with members arriving from abroad to join local recruits. Despite having a presence in Afghanistan since 2015, IS has not achieved the swift and large expansion it saw in the Middle East as it is competing with the long-established Taliban. Impacts If IS grows stronger in northern Afghanistan, it might revive plans to infiltrate Central Asian republics. Differences on how to deal with IS will divide the Taliban leadership. Russia and Iran will engage with parts of the Taliban and encourage them to fight IS.


Subject Central Asian policies on repatriating nationals associated with Middle East insurgency. Significance Central Asian governments' concerns about radicalisation among Muslim-majority populations were amplified when hundreds of nationals went to Syria and Iraq in 2014-15 to join Islamic State (IS) and other jihadist groups. They are prioritising the repatriation of women and children, in contrast to European governments' reluctance to approve blanket returns. Impacts The security drive against local extremists will be sustained across Central Asia. Policies towards returning women will not be affected by IS-attributed attacks unless a direct link is made. In Russia, Chechen leader Ramzan Kadyrov is leading on repatriation efforts focused on children.


Significance The COVID-19 outbreak is the latest blow to civil aviation in the Middle East, where airlines already face unprecedented security risks and operational complexities. Carriers routinely have to make difficult decisions around the conflict in Syria, US-Iran tensions and the Qatar boycott, leading to re-routed flights, lost profits and delays. Impacts COVID-19 has the potential to transform the entire aviation industry. Despite ongoing security threats, overflight of Iraq and Iran will be critical for carriers operating between Europe and the Gulf or Asia. Security improvements will make Egypt a more important alternate route for overflight, but operators will incur more cost by using it.


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