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The thesis is devoted to analysing the EU's communication with Southern Neighbours (SNs), namely Morocco, Tunisia and Algeria. The purpose of the study is to identify what the EU's communications disclose about its role as Hard, Soft, Normative or Transformative Power in the region. The literature describes the actorness of the EU in the world by all four forms of power. However, the competition between these concepts inside the official discourse of the EU Delegations (EUDs) has been less investigated. Data for the current research comes from the content of the country-specific statements and press releases that appeared on the EUDs' websites from June 2016 to March 2021. The methodology is a combination of quantitative and qualitative content analysis. The work reveals that the EU appeals to its Transformative Power more often in comparison to the other concepts of power in its communications to the three SNs in focus. Moreover, the thesis critically assesses external perceptions of the EU based on 2016 and 2020 opinion polls. It unfolds the problems of the current communication strategy of the EU with SNs. This review is followed by recommendations for possible improvement of the efficiency of the EU's power representation on the international stage. The thesis attempts to add to the discussion...

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yes / This paper sets out to provide a deeper understanding of the regulatory framework to drive energy transformation processes in the MENA region and the barriers for change. The recent developments in a global scale have encouraged States to look towards alternative sources of energy to power their nation, with nuclear energy and renewable technologies. Technologies such as wind power and solar energy appear to be attracting interest in many countries and regions, and in the MENA region this is primarily solar energy. However, all States are at different stages of development and therefore, it poses a challenge for taking into consideration definitively the costs and efficiency of renewable energy technologies. This paper investigates the state of preparedness of the legal framework in the region in order to deploy renewable sources of energy to power these countries in years to come.

Yes / This article provides an overview of the current stage of development as well as the outlook for future cooperation in the field of renewable energy between the European Union and the countries of Middle East and North Africa (MENA). To continue with the progress achieved in the context of the Mediterranean Solar Plan the MENA region should adopt a regionally coordinated approach due to the absence of an established institutional and regulatory framework for trans-regional cooperation. While several studies have highlighted the competitiveness of electricity produced from renewable energy sources in MENA, governments and policy makers in the region should carefully assess their ability to ensure a sustainable policy framework for the renewables sector and opportunities for trans-regional exchanges of electricity. This article proposes that in order to address governance issues and facilitate the creation of a regional energy market, MENA countries may need to adopt an intergovernmental instrument such as the Energy Charter Treaty or the International Energy Charter.

Yes / This paper undertakes a comparison between five multifactor variants of the capital asset pricing model. These include additional factors based on size, book to market value, momentum, liquidity and a new investor protection metric based on the product of institutional quality in a country and the proportion of free float shares, which captures the impact of controlling block holders. Using monthly returns of 909 blue chip firms from 18 Middle East & North African equity markets for 16 years, we show that a two factor CAPM augmented with a factor mimicking portfolio based on the investor protection metric yields the highest explanatory power. Analysis of Kalman filter time varying investor protection betas reveals investor protection premiums in Egypt, Iraq, Lebanon and Tunisia and corresponding discounts in Israel, Saudi Arabia, Kuwait, Oman, Dubai and Abu Dhabi.