East Mediterranean

Syria

After seven years of war, Syria may finally be approaching the endgame. President Assad’s government is turning its attention to post-war recovery. The hydrocarbon sector is crucial: oil exports accounted for 30% of pre-war revenue and, after billions in investment, gas output was just ramping up when war took off. But EU and US sanctions will make attracting investment an uphill task – all eyes are on Russia.

Geopolitical Risk

MEES Special Report: Jihadist Instability In North Africa And Beyond

This week’s Brussels attacks give a reminder that the IS threat goes well beyond its Syria heartland. In Libya, Europe has an IS mini-state on its doorstep, whilst the attack on Algeria’s In Salah gas plant shows even the region’s strongest state is vulnerable. Progress in Syria absent an overall strategy risks hastening the metastasis rather than the eradication of the group’s jihadistic nihilism.