{"title":"Co-movement of Oil and Stock Markets During COVID-19: Evidence from the Gulf Corporation Council","authors":"Muhammad Hanif","doi":"10.1177/23477989241260199","DOIUrl":"https://doi.org/10.1177/23477989241260199","url":null,"abstract":"This study aims to document the impact of oil price variations on generating stock returns in Gulf Cooperation Council (GCC) markets during the COVID-19 era. It documents the pandemic era results from January 2020 to October 2022 by employing cointegration, Granger causality, and time-varying coefficient-vector autoregression techniques on daily data. The findings suggest two-way causality between all stock indices and the oil market. Time-dependent relationships were observed during the review period. The findings (based on regression and variance decomposition) indicate that although the reliance of the GCC stock markets was not on oil alone, oil had a significant impact during the study period. It is recommended that investors not consider diversifying portfolios in GCC stocks and oil markets to optimize benefits. The findings are expected to enhance the understanding of academics, market players, regulators, and investors regarding relationships among GCC stocks and oil markets. This study contributes to the literature by documenting the impact of the oil market on stocks during an abnormal period of the COVID-19 pandemic, considering time-varying parameters in a net oil exporting region.","PeriodicalId":41159,"journal":{"name":"Contemporary Review of the Middle East","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213156","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"When Religion Takes the Stage: How the Coup Regime Instrumentalizes Religion in Securitizing Muslim Brotherhood in Egypt","authors":"Ahmet Fathy İbrahimoğlu, Mehmet Rakipoglu","doi":"10.1177/23477989241262201","DOIUrl":"https://doi.org/10.1177/23477989241262201","url":null,"abstract":"This study explores the strategic deployment of religion by the Egyptian military regime as a legitimizing tool for the 2013 military coup and ensuing rule. Central to the analysis is the role of the Egyptian Dar al-Ifta, a pivotal state religious institution, in securitizing the Muslim Brotherhood and its affiliates. While multiple frameworks exist to dissect regime preservation tactics, the research harnesses securitization theory to illuminate these strategies. Grounding the arguments in the foundational works of Juha Vuori in nondemocratic contexts, it contends that the Egyptian military regime tactically utilized religious institutions to securitize its adversaries and enriches the extant literature by integrating securitization principles within the Egyptian context and emphasizes underexplored narratives from the Global South. Moreover, it seeks to bridge a research gap on the nexus between religious institutions and individual actors and delves into the intricate interplay between religious and political discourses by examining speeches and statements infused with religious rhetoric for legitimization.","PeriodicalId":41159,"journal":{"name":"Contemporary Review of the Middle East","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213053","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exploring E-Government Development Index as an Indicator of Sustainability in the Gulf Region","authors":"Muhammad Younus, Eko Priyo Purnomo, Achmad Nurmandi, Chin-Fu Hung, Prathivadi Anand, Tiara Khairunnisa","doi":"10.1177/23477989241260161","DOIUrl":"https://doi.org/10.1177/23477989241260161","url":null,"abstract":"The primary aim of this article is to assess the E-Government Development Index (EGDI) of Arab Gulf countries, and it elucidates the key obstacles impeding the progress of the Gulf countries in the e-government sector. The EGDI data for the Gulf countries have been obtained from the United Nations, and an online business intelligence tool has been utilized for visualization purposes to facilitate comprehension. The levels of indicators within EGDI have been examined upon effectively retrieving data and presenting it appropriately. The article discusses the key areas of improvement that require governments’ attention in the Gulf countries to enhance their EGDI score. This can be leveraged to advance to global standards, offering their citizens optimal governance. Countries in the Gulf region must recognize that the e-government effort encompasses more than simply the transformation of governance and the provision of high-quality services. Instead, it entails aligning with global trends and effectively competing with other nations regarding developmental advancements. Countries must adhere to prevailing e-government trends to ensure alignment with global standards and expedite national advancement.","PeriodicalId":41159,"journal":{"name":"Contemporary Review of the Middle East","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141786106","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Tourism and Israel– Arab Normalization Processes: The Case of Israel, Morocco, and the UAE","authors":"Yaron Salman","doi":"10.1177/23477989241258831","DOIUrl":"https://doi.org/10.1177/23477989241258831","url":null,"abstract":"The Iran factor and the USA’s role as a mediator are cited as notable factors contributing to the Israel–Arab rapprochement that led to the signing of the Abraham Accords in September 2020. These explanations mainly help understand the factors contributing toward the normalization and suggest that economic incentives and tourism are significant factors in sustaining the normalization in the cases of Israel–Morocco and Israel–UAE. By using the theory of tourism diplomacy, the article shows that since the Abraham Accords, tourism has been used by the governments of Israel, Morocco, and the UAE to maintain positive relations; an emotional tourism campaign through pilgrimages and saint veneration is used to promote tourism flow, especially in the case of Morocco; and tourism played a significant role in stabilizing Israel’s relations with the UAE and Morocco. This carries important policy implications for the future normalization process that tourism can play a major political tool used by Israel and Arab countries to maintain positive relations.","PeriodicalId":41159,"journal":{"name":"Contemporary Review of the Middle East","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141339518","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Islamic Republic of Iran’s Multipronged Approach to the Repression of Kurds","authors":"A. Hassaniyan","doi":"10.1177/23477989241258897","DOIUrl":"https://doi.org/10.1177/23477989241258897","url":null,"abstract":"Since the establishment of the modern Iranian nation-state in 1923, successive regimes and governments of Iran have pursued an intricate policy of suppressing and persecuting its Kurdish people, presenting a significant threat to the Kurdish national identity, culture, and society. The successive Iranian regimes have, along with military means, employed the state’s cultural, educational, religious, and economic institutions to accomplish their goals of assimilating and conquering the Kurds. An examination of Kurdish history and politics in Iran reveals that while the international community has some knowledge of the Iranian state’s extensive deployment of military force and explicit militarization of Iranian Kurdistan (Rojhelat/East Kurdistan), the broader psychological and nonmilitary (soft power) practices employed to suppress the Kurdish movement, identity, and culture are lesser known to the outside world. By focusing on mass media and policies of “divide-and-rule” as measures and mechanisms used by the Iranian state to subdue its Kurdish citizens, this article aims to provide an analysis of the post-1979 state-Kurdish relationships in Iran.","PeriodicalId":41159,"journal":{"name":"Contemporary Review of the Middle East","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141357645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Challenging Stereotypes: Examining Arab Womanhood in “The Negotiator”","authors":"Chadi Chahdi","doi":"10.1177/23477989241243184","DOIUrl":"https://doi.org/10.1177/23477989241243184","url":null,"abstract":"This article presents a participant-based film analysis of Brad Anderson’s The Negotiator (2018), a Netflix production. The objective of this study is to examine the prevalent portrayal of Arabs and Muslims as the primary antagonists in American (neo-Orientalist) cinema. By analyzing the development of Arab characters, the article delves into the construction of villainy and its function in juxtaposition to heroism within the film’s narrative. A particular focus is given to the marginalization of Arab women, who are deprived of agency and the opportunity to express themselves. To address this issue, the study includes perspectives from Arab female participants, allowing them to articulate their perceptions and connections to both the Arab and American characters in the film. The research explores the common depiction of Arab or Muslim women as inactive extras or silenced secondary characters in post-9/11 American films. Through this investigation, the article aims to shed light on the representation and portrayal of Arab and Muslim women in contemporary American cinema.","PeriodicalId":41159,"journal":{"name":"Contemporary Review of the Middle East","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140976679","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"State Capacity and Industrial Development: A Comparative Study of Iran and Egypt (1990–2010)","authors":"Kamran Rabiei, Arman Mortazavi","doi":"10.1177/23477989241243190","DOIUrl":"https://doi.org/10.1177/23477989241243190","url":null,"abstract":"Despite pursuing industrial development to solve various socioeconomic and sociopolitical issues, such as the urgent need to reconstruct war damages in Iran, the foreign debt crisis in Egypt, and population growth in both countries, statistical data show only slight progress. The graphs of the gross domestic product (GDP) growth and exports of goods and services as a percentage of GDP, which are reliable indexes for measuring industrial output, along with the rate of foreign direct investment, demonstrate numerous fluctuations and instability in the economic growth rate for both cases under the period under review. Failing to diversify the economy, Iran and Egypt still relied heavily on unproductive rents, mostly from hydrocarbon exports, at the end of this era. Why is this the case despite the national leadership putting industrial development on the agenda? This article addresses this question by examining state capacity, focusing on the internal cohesion of state authority and its relation to society. In so doing, comparative historical analysis and causal narrative method are used.","PeriodicalId":41159,"journal":{"name":"Contemporary Review of the Middle East","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140827387","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Jewish Muslims in The Handsome Jew and Don’t Leave Me Here Alone: Conversion, Identity, and Liminality","authors":"E. Alwuraafi","doi":"10.1177/23477989241244594","DOIUrl":"https://doi.org/10.1177/23477989241244594","url":null,"abstract":"The present article addresses the complex interplay of boundaries, belonging, and modes of identity and investigates the space between the distinct boundaries of religious identities. It focuses on the Jewish Muslim identity as it defies categorization and plays out in the liminal space of the Jewish Muslims, a space of fluid and blurred contours, haunted by ancestral religion and inherited culture, and obsessed by a crucial need to reconstruct a new sense of self. The article explores these concepts by referring to two narrative works: Ali Al-Muqri’s The Handsome Jew and Ihsan Abdel Quddous’s Don’t Leave Me Here Alone, which extensively elaborate on the relationship between conversion, identity, and liminality. It argues that Jewish Muslims stay within a liminal space due to their inability to forget their past and assimilate into the present, and that a non-binary Jewish Muslim subject lives in a place that borders the Jewish and Muslim spaces but never crosses into either position completely. The study aims to investigate discourses, as presented in the two texts under discussion, that construct boundaries between individuals of different religious affiliations and the motives for such constructions, and it tries to demonstrate the extent to which liminality can be used as an apt metaphor to define the life of Jewish converts to Islam.","PeriodicalId":41159,"journal":{"name":"Contemporary Review of the Middle East","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140654633","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Leon McCarron (2023). Wounded Tigris: A River Journey Through the Cradle of Civilization. London: Corsair. Hardcover. ISBN: 978-1-4721- 5623-5. Price: £15, pp. 338","authors":"Anuradha Jangra","doi":"10.1177/23477989241244440","DOIUrl":"https://doi.org/10.1177/23477989241244440","url":null,"abstract":"","PeriodicalId":41159,"journal":{"name":"Contemporary Review of the Middle East","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140627927","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Dateline MEI","authors":"Md. Muddassir Quamar","doi":"10.1177/23477989241244439","DOIUrl":"https://doi.org/10.1177/23477989241244439","url":null,"abstract":"","PeriodicalId":41159,"journal":{"name":"Contemporary Review of the Middle East","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140578682","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}