The secret of success for many Southeast Asian countries has been their choice of economic and diplomatic multilateralism. Fence-sitting between rival powers is becoming fraught. China inspires a degree of fear in the region, due to its clout and geographical proximity. And under Trump, the United States is on the offensive against the multilateral trade system, with major diplomatic consequences. Can Southeast Asian countries maintain their balance by embracing new partnerships?

South Asian leaders continue to reiterate how “central” ASEAN is to the region’s security architecture. However, in practice, the tendency is to prioritize bilateral agreements, gradually marginalizing the organization. This fragmentation is weakening regional cooperation, accentuating divisions, and compromising stability in the context of growing tensions in the Indo-Pacific. These trends are worrying at a time when Sino-American rivalries are becoming more acute.

The political and economic weight of the Gulf monarchies has increased considerably. These countries have diversified their economies and become logistic hubs, attracting large numbers of investors. They have also managed to extend their power beyond their borders. However, the wider regional fallout of the war begun by Hamas on October 7, 2023 has cast doubt on the Gulf’s stability, especially as it seems that the American security umbrella can no longer be taken for granted

The sovereign wealth funds of Gulf countries have become key players in world finance. By investing colossal sums in strategic sectors, they contribute both to local development and the growing influence of the Gulf monarchies in the global economy and international politics. In the near future, they will have to grapple with two challenges: that of human capital, and that of their geopolitical position between the Global North and Global South.

Persian Gulf countries have become heavyweights in the international arena, wielding influence both regionally and far beyond. Acting as diplomatic mediators, investors, and hosts of global events, they are attempting to move beyond their long-standing role as suppliers of energy resources and reshape their economic, social, and political foundations through ambitious national “Visions”. Their international alliances are proving increasingly flexible, broadening their diplomatic reach (even if Washington’s influence remains decisive)—with Saudi Arabia, Qatar, and the United Arab Emirates all part of a dynamic pushing many global actors toward multi-alignment.

This report examines the potential role of Syrian-partnered companies operating in Türkiye in supporting economic recovery and reconstruction efforts in Syria. Based on data collected through field research and surveys conducted by the Economic Policy Research Foundation of Türkiye (TEPAV), the report provides an overview of the business characteristics, sectoral distribution, and cross-border economic activities of Syrian entrepreneurs. The report explores how this business activity could contribute to restoring supply chains, stimulating local production, and generating employment.

The G7’s global influence has diminished as powers like China reshape international governance through initiatives such as BRICS and the Shanghai Cooperation Organisation (SCO). With the G7 now representing just 10 per cent of the world’s population and 28 per cent of global GDP, its relevance is increasingly questioned.

Central Securities Depositories (CSDs) form the backbone of financial market infrastructure by registering securities, settling trades, distributing cash flows, and managing collateral. While often regarded as mere financial “plumbing,” they in fact underpin strategic objectives such as advancing the Savings and Investment Union, curbing tax evasion, and reinforcing Europe’s geopolitical stance.