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Is there hope for a new era in the MENA region?

From

28
1:00 pm July 2020

To

28
3:00 pm July 2020

The Future of Oil in the Middle East: How to transform the region’s economies away from hydrocarbon reliance?

By registration

Karim El Aynaoui will intervene in a session revolving around the question: is there hope for a new era in the MENA region ? This presentation will take place in the context of the seventh summit of the London Energy Club. 

This meeting addresses a major task in the post-Covid environment where low demand, volatile prices, climate change commitments, worldwide recession and geopolitical tensions affect severely these economies - a group which ranges from Algeria in the west to Iran in the east and also includes the six Gulf Cooperation Council countries as well as Iraq, Libya and Yemen.

Oil exporters in the Middle East and North Africa region are expected to suffer a $270 billion slump in oil revenues this year, according to the latest projections from the International Monetary Fund. This is a dramatic downturn that will aggravate existing economic and humanitarian challenges and raise already-high poverty levels. In an effort to shore up prices, the oil cartel Opec and other allied producers such as Russia have agreed record production cuts, which have further reduced their income.

This event is organized by The London Energy Club in partnership with Iraqi Energy Institute and King Abdullah Petroleum Studies and Research Center, Saudi Arabia on Wednesday at 13:00 BST (London time).

For more information and to register,
see: https://zoom.us/webinar/register/WN_bFHUx7GVRay8Iqk4x_MteQ

Speakers
Karim El Aynaoui
Executive President
Karim El Aynaoui is Executive President of the Policy Center for the New South. He is also Executive Vice-President of Mohammed VI Polytechnic University and Dean of its Humanities, Economics and Social Sciences Cluster. Karim El Aynaoui is an economist. From 2005 to 2012, he worked at the Central Bank of Morocco where he held the position of Director of Economics, Statistics, and International Relations. At the Central Bank of Morocco, he was in charge of the Research Department and equally a member of the Governor’s Cabinet. Previously, he worked for eight years at the World Bank as an Economist for its regional units of the Middle East and North Africa and Africa. Karim El Aynaoui has published books and journal articles on macroeconomic issues in developing countries. Hi ...