This paper examines the current dependencies and exposures of the euro area's financial sector in a context of rising geopolitical tensions. Focusing on Russia, China, and the Middle East, we analyze direct exposures through lending and securities holdings of banks and large investors. Our...

The Gulf of Guinea (GoG) spans over 6 000 km of coastline and 19 states. The region is rich in natural resources: it holds significant reserves of gas (2.7% of total world reserves) and oil (4.5%), as well as other valuable minerals including diamonds, tin, bauxite, manganese and cobalt. While...

The Gulf of Guinea (GoG) spans over 6 000 km of coastline and 19 states. The region is rich in natural resources: it holds significant reserves of gas (2.7% of total world reserves) and oil (4.5%), as well as other valuable minerals including diamonds, tin, bauxite, manganese and cobalt. While...

Saudi Arabia has mixed expectations ahead of Donald Trump’s imminent second presidency. On the one hand, the royal family maintains close business relations with the president-elect and his entourage, which could lead to privileged access to the White House. On the other hand, Trump’s Middle...

Purpose: Social media has become a significant catalyst for entrepreneurship in the Middle East, particularly for women. Considering the limited research conducted to understand the factors influencing social media adoption in conservative societies such as Qatar, this study aims to examine the...

The Middle East (ME) is often perceived as region with rentier economies and uncompetitive markets. Evidence of market power in the region however is scant. In this paper, we ask the following three questions: Is the ME uniquely uncompetitive? Has the evolution of market power in the region...

The Middle East and North Africa faces significant climate challenges, such as increasing temperatures, heightened flood risks, frequent droughts, and growing air pollution issues. These challenges are compounded by the large proportion of the population living below the poverty line in some...

Selon les estimations, la région du Moyen-Orient et de l'Afrique du Nord (MENA) a connu une croissance modeste de 1,9 % en 2024 et devrait croître modérément à 2,6 % en 2025. Cela s'inscrit dans un contexte d'incertitude mondiale accrue, en particulier en matière de politique commerciale....

Migration is deeply ingrained in the lives and livelihoods of people in the Middle East and North Africa (MENA) region. The region witnesses three key migration patterns: labour migration, mixed migration, and displacement. Migration in the region in 2021-2022 was influenced by the pull of...

The Middle East, with its diverse cultures and adherence to social norms, offers a relevant case study for exploring the current research question, Using established theories of social interaction and technology acceptance, this research examines how cultural background shapes student...

The Middle East and North Africa is the most water scarce region in the world. Although studies have explored the effect of extreme weather events on agriculture, much less is known about the effect on businesses. Using geocoded firm-level data from the World Bank's Enterprise Surveys across the...

This publication provides you with a range of inspiring examples of how educational institutions are using Erasmus+ in Asia, the Pacific and the Middle East to prepare for the digital transition, and to harness the full potential of digital technology and techniques to boost education, what it...

This publication provides you with a range of inspiring examples of how educational institutions are using Erasmus+ in Asia, the Pacific and the Middle East to prepare for the digital transition, and to harness the full potential of digital technology and techniques to boost education, what it...

This report contains the annual summary of the fire season of 2023 with official figures provided by 34 contributing countries for the number of fires, burnt areas and fire prevention efforts, and the analysis of fire danger and areas mapped in the European Forest Fire Information System (EFFIS).

This report contains the annual summary of the fire season of 2023 with official figures provided by 34 contributing countries for the number of fires, burnt areas and fire prevention efforts, and the analysis of fire danger and areas mapped in the European Forest Fire Information System (EFFIS).

This report contains the annual summary of the wildfire season of 2023 on the basis of data from the European Forest Fire Information System (EFFIS). It is published early in 2024 to provide an advance comprehensive analysis of the wildfire season 2023. The analysis and data in the report...

The Middle East has experienced significant and wide-ranging consequences due to terrorism and the resulting War on Terror. The region saw substantial impacts as a result of the War on Terror. This study briefly overviews the security, economic and political repercussions of the prolonged...

The paper examines how liquidity risk affects the Middle East and North Africa (MENA) bank profitability. Banks need profitability to survive, but liquidity risk measures long-term company health. Through Refinitiv Eikon, quantitative data was collected over 11 years from 2012 to 2022 for 71...

The idea that US power underpins international security remains deeply anchored in today's US political elite. Ultimately, this idea also lies at the heart of US-led alliances, including NATO. But the three pillars of Pax Americana - US military strength, the country's economic openness and the...

At least since Russia deployed North Korean artillery and ballistic missiles against Ukraine, it is obvious that Pyongyang fuels conflicts far beyond North-East Asia. Yet, the indirect threats that North Korea poses to Europe's security and stability have developed a new quality: Pyongyang is...

The purpose of this paper is to examine the impact of financial inclusion on corporate investment. More specifically, this paper investigates the possibility of a nonlinear relationship between financial inclusion and corporate investment, as well as the moderating effect of audit quality in...

Innovations to date in detecting women's employment have focused primarily on improving individual-level questions. This paper explores an alternative approach, using data on household enterprises and asking who participates in these activities. This research uses the latest waves of the Labor...

This paper quantifies the gains in gross domestic product per capita from closing gender employment gaps in the Middle East and North Africa, using three neoclassical growth models. The paper starts with baseline impacts from the Gender Employment Gap Index, which suggests that in the long run,...

This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Middle East and North Africa region. Macroeconomic indicators such as population, gross domestic product and...

The global economy is in its third year of deceleration amidst declining inflation and oil prices. The MENA region grew at 1.9 percent in 2023 and is forecasted to grow at 2.7 percent in 2024. And for the first time since the pandemic, MENA oil exporters and importers will grow at similar rates....

Limited data on micro, small, and medium-sized enterprises (MSMEs) make it difficult for governments to design appropriate MSME policies in Asia and the Pacific. To identify factors affecting MSME development and promote evidence-based policymaking, we propose a probabilistic principal component...

Considering the pressures of fluctuating external environments, organizations are constantly seeking ways to be responsive and able to improve their performance with lower costs. Employer-employee relationships have changed rapidly in recent years, and there is growing interest in considering...

Purpose: The purpose of this paper is to develop a new multidimensional financial inclusion index to measure the financial inclusion level for each of the 13 selected countries of the Middle East and North Africa region for the period 2004-2020. In addition, the comparative analysis approach...

This paper investigates the effects of climate shocks on inflation and monetary policy in the Middle East and Central Asia (ME&CA) region. We first introduce a theoretical model to understand the impact of climate risks on headline and food inflation. In particular, the model shows how climate...

This paper assesses the state and resilience of corporate and banking sectors in the Middle East and North Africa (MENA) in a "higher-for-longer" interest rate environment using granular micro data to conduct the first cross-country corporate and banking sector stress tests for the MENA region....