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Geopolitics

Abraham Accords Unleashed: The Middle East Will Never Be The Same

The peace accords signed between conservative Arab states and Israel are the start of an inevitable opening for the Middle East, and the U.S. withdrawal from Afghanistan means a new post-American, post-oil future.

photo of an Orthodox family checking in to Dubai Airlines at Tel Aviv airport

At Tel Aviv's Ben Gurion airport

Nir Alon/ZUMA
Marcos Peckel

-Editorial-

BOGOTÁ — Days ago, passing through the Ben Gurion airport outside Tel Aviv, I could see prominent signs announcing direct flights between Israel and Casablanca in Morocco, and with Dubai and Abu Dhabi in the United Arab Emirates, Manama the capital of Bahrain, and Cairo. These were in addition to the dozen daily flights linking Tel Aviv and Istanbul, which have been operating for some years.

And to think on top of that, we now see the opening of Saudi airspace to flights to Israel, which would have been unthinkable just a few years back.



As the United States takes a back seat in the Middle East following its Afghan withdrawal, regional states are repositioning themselves in a new, post-American, post-oil reality compounded by climate change. It is a dynamic setting in which some will progress, and others stagnate.

Israel brings tangible benefits

The Abraham Accords, signed in 2020, opened the door to a new reality of coexistence, collaboration and exchanges between Israel and the Arab world. Its outlook is promising. It is but a matter of time before other countries join the trend to establish open and formal relations with the state of Israel.

The country has much to offer to Arab states in a range of areas including innovation, water management, technology, medicine, military cooperation and diplomatic support. The paradigm of refusing all formal ties with Israel until the Palestinian conflict is resolved is now a thing of the past.

But there is another Middle East that is mired in sectarian fighting and is turning its back on progress and prosperity. Certain nations are becoming victims of Iran's harmful interventions. One is Lebanon, which is being strangled by Hezbollah Iran's proxy militia imposing its will there, using arms and manpower that outmatch those of the Lebanese army. The organization has a lot of explaining to do over the calamitous explosion in the port of Beirut. It is blocking rapprochement with Israel that would bring the Lebanese enormous benefits, beginning with joint exploitation of Mediterranean gas fields.

Unrest in Gaza

photo of a young man using a slingshot

During unrest near Gaza City, a young man uses a slingshot against Israeli troops.

Majdi Fathi/NurPhoto via ZUMA

Palestinian and Algerian resistance

Recently parliamentary elections in Iraq also sent a clear message: Iraqis are sick of Iranian meddling. The country that has suffered unspeakable miseries is looking for its destiny. A recent gathering of Iraqi leaders and tribal representatives urged the state to establish ties with Israel, immediately prompting threats and intimidation from Iran-backed militias.

Meanwhile, in northwest Africa: Morocco is reaping a string of social and diplomatic victories, while Algeria — a state that clings to the past — suffers social and political crises. Faithful to the "non-aligned" manual, it severed ties with Morocco over that haggard dispute over Western Sahara. Another country that has chosen stagnation.

For the Palestinians, the Abraham Accords represent a crossroads, especially regarding the leadership that must emerge once the Palestinian Authority chief Mahmoud Abbas retires. They can doggedly maintain a position denying Israel's right to exist, and subject another generation to hardship, or climb aboard the peace train. If it hasn't already left, that is.

This is the new Middle East, with one half moving forward and the other staying behind.

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Economy

How Germany's Office Building Market Went From Bubble To Bust

Higher, faster, more expensive – in German cities, renting out office space was a booming business. Then came remote working and higher interest rates.

Photo of a construction manager overlooking a construction site in Germany

Construction Manager Jens Schüenberg stands over one of the largest inner-city construction sites in Germany.

Michael Fabricius, Andreas Macho, Cornelius Welp

FRANKFURT — The four towers still look like huge stone skeletons. But in some places, there are already windows appearing in the façade. The “Four” building project in Frankfurt is due to be completed in two years’ time. It will have more than 200,000 square meters of floor space, housed in tower blocks that soar to heights of 233 meters. Plenty of space for apartments, shops and, above all, offices.

A few hundred meters away, José Martínez sits at his desk in a much less spectacular building. On the wall behind him hang sketches of other planned tower blocks. Martínez is CEO of Groß & Partner, which has overseen the construction of the towering “Four” over the past 10 years.

He has no doubt that the effort has been worth it. “A mixed-use building in a prime location is an easy sell,” he says, adding that more than 80% of the office space has already been reserved.

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