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Memos & Trend Reports

Memos

Join high-powered business leaders and policymakers who read Pro Memos everyday to better understand regional trends.
Memos are built to brief professionals with actionable information on significant developments in economics business and geopolitics.
A picture taken on September 24, 2020 shows the Brega oil port in Marsa Brega, some 270kms west of Libya's eastern city of Benghazi. - Libyas state oil firm lifted force majeure on what it deemed secure oil ports and facilities on September 20, a day after strongman Khalifa Haftar said he was lifting a blockade on oilfields and ports. The blockade, which has resulted in more than $9.8 billion in lost revenue according to the state-run National Oil Corporation (NOC), has exacerbated electricity and fuel shor
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Libya’s oil production unlikely to reach 2 million barrels per day ever again

Israeli protesters hold placards reading in Hebrew "Israeli students fighting for democracy"(L) and "There is no academy as tool of democracy(R) during a demonstration against controversial government plans to give lawmakers more control of the judicial system, in Tel Aviv on January 26, 2023. - Prime Minister Benjamin Netanyahu and his allies, who have formed the most right-wing government in Israel's history, say the reforms are necessary to correct an imbalance that has given judges too much power over e
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Pressure from business, tech sectors likely to push Israel's government to compromise on judicial reforms

Employees stand at the Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project, in the United Arab Emirates' capital Abu Dhabi, during a visit by the French economy minister on January 31, 2023. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)
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UAE and Saudi Arabia to compete for top global ranking in green energy

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As for countries that do not import essential food items from Russia and Ukraine, such as Algeria and Iraq, they still remain vulnerable to global supply chain bottlenecks, which are driving cost pressures among major food exporters such as the United States, Germany, France, China and Australia. “Those who have not engaged in an active diversification strategy, including toward developing the agriculture sector, will remain exposed to market volatility in the long term,” said Jihane Boudiaf, senior economic and risk analyst at S&P Global.

Mitigating measures against food supply and inflation risks

On the back of the ongoing conflict in Ukraine, governments throughout the region have taken several measures to hedge against the consequences of the war, including export bans, price controls, and cash handouts to support the most vulnerable and attenuate food inflation. The following are some of the measures that MENA countries have taken:

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