Perception of Saudi involvement in Khashoggi’s disappearance is having consequences, but governments will wait until dust settles

The disappearance of Saudi journalist Jamal Khashoggi will shortly enter its third week and despite speculation and various accusations, what exactly happened remains unclear. Despite this, there are already consequences for Saudi Arabia on the political, diplomatic, and even business scene. However, it is unlikely that governments will make a concrete move until more is known about Khashoggi’s whereabouts. In this context, absent such concrete evidence of Saudi involvement, Le Beck assesses that retaliatory measures will be limited if they are implemented at all.

Read More

Interest hike aimed to address persistent monetary crisis but unlikely to prevent Turkey’s economic slow-down

Following months of anticipation, the Turkish Central Bank finally increased its interest rates for the second time this year, resulting in a notable rally of the Turkish currency. Still, the move failed to fully alleviate concerns regarding the independence of the Central Bank and its ability to disregard President Erdogan’s persistent opposition to higher rates.

Read More

Syria strikes fail to alter Assad’s calculus on chemical weapons, reveals risk-averse US administration

Following a week of tension and speculation in the wake of US President Donald Trump’s threat to retaliate against the use of chemical weapons against the opposition enclave of Ghouta, multiple strikes were carried out by assets belonging to the US, France, and the UK. The strikes targeted three main sites, including the Barzah research centre in Damascus and two storage facilities west of Homs. Further reports indicating that additional facilities were targeted have not been confirmed by any official sources.

Read More