Category: Economy & Business

Houthi attacks on ships in the Red Sea add to Egypt’s economic troubles

As the Red Sea crisis prompted by the Gaza War enters its fourth month with no sign of a breakthrough, Egypt—which relies on Suez Canal revenues as one of its primary sources of foreign currency—has been hit hard. Attacks on ships in the Red Sea by Iran-backed Houthis in Yemen have caused major shipping companies

Ukraine opens new front with drone strikes on Russia’s energy sector

Amid worsening ammunition shortages and mounting concerns over the future of Western military aid, the Ukrainian army has largely switched to active defense in recent months. Nevertheless, as the full-scale Russian invasion of Ukraine approaches the two-year mark, talk of a stalemate remains premature. While heavy fighting continues at various hot spots along the front

Wartime Ukraine ranks among world’s top performers in anti-corruption index

Ukraine recorded solid progress last year in its long struggle with corruption, according to the latest edition of Transparency International’s Corruption Perceptions Index. Wartime Ukraine climbed twelve places in the 2023 edition of the annual survey to rank 104th among 180 featured countries, increasing its anti-corruption score from 33 to 36 out of 100. “Ukraine’s

The skies are quiet, but the Iran-Pakistan strikes left lasting diplomatic damage

Pakistan-Iran relations nosedived sharply on January 16, when Tehran carried out unilateral strikes in western Pakistan, following its recent attacks in Iraq and Syria. In turn, Pakistan adopted a two-stage strategy: First, it downgraded diplomatic ties with Tehran by recalling its ambassador. Then, forty-eight-hours after the attack, it conducted retaliatory strikes inside southeastern Iran, targeting

What the EU can do now to strengthen economic ties with Ukraine and Georgia

Last month, the European Council decided to open European Union (EU) accession negotiations with Ukraine and to grant candidate status to Georgia. Regardless of how long it will take each country to meet the requirements and join the EU, the twenty-seven-member bloc should expand its existing capacity-building projects and trade ties with both of them

Ukraine seeks future role as EU’s eastern customs hub

In the first days of 2024, the Ukrainian authorities unveiled a vision for the future of the country’s State Customs Service as an emerging eastern customs border for the entire European Union. This ambitious goal aims to build on Ukraine’s traditional status as a gateway nation between the EU, Asia, and the Middle East. It

Tran authors op-ed in The Diplomat on tensions in the South China Sea

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With Russia focused on Ukraine, Georgia should forge ahead boldly with its Euro-Atlantic ambitions

Georgia sits outside the European Union (EU) despite Georgians overwhelmingly supporting a Euro-Atlantic future. In 2022, a poll by the International Republican Institute found that 85 percent of Georgians wanted their country to join the EU, while Georgia’s constitution codifies EU and NATO membership as national priorities. Georgian ambitions received a boost in December 2023,

Ukraine’s wartime economy is performing surprisingly well

Visitors to today’s Ukraine are often surprised to find that away from the front lines, everything looks so normal. Most people in central and western Ukraine have returned home. Shops and restaurants in towns and cities across the country are open and fully stocked. Everything functions, including mobile phone networks, internet, electricity, and public transport.