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malshamm

Kuwait joins Gulf allies in banning travel to Lebanon - 1 views

www.aljazeera.com/...l-lebanon-160224161730185.html

shared by malshamm on 24 Feb 16 - No Cached
  • malshamm on 24 Feb 16
     
    Kuwait and Qatar joining GCC to cut relationship with Lebanon and Prevented their people from traveling there. all is that happened when the GCC felt that HUZBALLAH militia taking the country's control.
allieggg

The Age of Proxy Wars - 0 views

csis.org/...0513_MENC.pdf

leadership proxy wars polarization US Saudi Qatar Turkey UAE

shared by allieggg on 19 Nov 14 - No Cached
  • allieggg on 19 Nov 14
     
    This article accentuates the "Age of Proxy Wars" in the Middle East. While Syria and Libya are the 2 most known proxy situations, the article illuminates other states involved as well. We know already about UAE, Turkey, Qatar, and Saudi Arabia, which this article also brings up, but new information suggests that Bahrain and Kuwait are supporting sides of the regional war as well. While these nations think they're doing their part to support their values, these proxy wars are actually fostering further extremism since people supporting each side do not directly suffer the consequences. The article states that the metastasizing of these jihadist groups is grave threat to US national security, and the US must intervene in order to solve this crisis. The author says the US needs to improve their performance in donor cordination, funding the right groups, as well as be more aggressive in working directly with elections, uncovering networks of money and influence. He says rather than the conduction of elections, we must focus on the nature of politics in general, curbing corruption and embedding sectarian democratic values in their political sphere.
mjumaia

GCC economies to remain resilient to lower oil prices - 0 views

gulfnews.com/...-to-lower-oil-prices-1.1423830

GCC Gulf Cooperation Council Economy Dubai Kuwait Bahrain Qatar UAE Oil Oil Price

shared by mjumaia on 25 Feb 15 - No Cached
  • mjumaia on 25 Feb 15
     
    This article illustrate how the GCC countries have huge impact in each other economies. also different country economy has different resistance to oil price change.
jreyesc

Who's Funding ISIS? Wealthy Gulf 'Angel Investors,' Officials Say - NBC News.com - 0 views

www.nbcnews.com/...nvestors-officials-say-n208006

ISIS ISIL Funded Kuwait Qatar

shared by jreyesc on 19 Nov 14 - No Cached
  • These rich individuals have long served as "angel investors,"
  • "These rich Arabs are like what 'angel investors' are to tech start-ups, except they are interested in starting up groups who want to stir up hatred,"
  • Once the groups are on their feet, they are perfectly capable of raising funds through other means, like kidnapping, oil smuggling, selling women into slavery, etc."
  • ...7 more annotations...
  • ISIS and the most radical groups comes from Qatar rather than Saudi Arabia, and that the Qatari government has done less to stop the flow than its neighbors in Saudi Arabia and the United Arab Emirates.
  • flow continues.
  • any outside funding represents a small fraction of ISIS’s total annual income.”
  • SIS is taking in about $1 million a day from all sources
  • oil smuggling along the Turkish border,
  • $25 a barrel
  • But U.S. officials suggest that as the group has expanded -- and its range of enemies has broadened – so have its costs, which could make the group vulnerable.
  • jreyesc on 19 Nov 14
     
    This article is about how the Islamic State is being funded by wealthy gulf. These investor are described to be like "angle investors".The money that they receive from these investors is just a jumping off point, then the group finds other ways to get money like "kidnapping, oil smuggling, selling women into slavery."
jreyesc

How ISIS makes its millions - CNN.com - 2 views

www.cnn.com/...isis-funding

oil smuggling ISIS ISIL turkey

shared by jreyesc on 19 Nov 14 - No Cached
  • Oil-smuggling operations involving millions of barrels have recently been uncovered.
  • oil comes from wells and refineries that ISIS has taken over inside northern Iraq and northern Syria
  • until very recently it was easy to smuggle it into this quiet part of southern Turkey.
  • ...4 more annotations...
  • Turkey, just a half hour's drive away, gasoline costs roughly $7.50 per gallon
  • believes ISIS takes in millions of dollars a month.
  • how much the group spends -- is huge, including salaries, weapons and other expenses.
  • Besides revenue from oil smuggling, the group receives money through donations from wealthy sympathizers in countries including Qatar and Kuwait.
  • jreyesc on 19 Nov 14
     
    This article goes into specific into the way the Islamic State makes their money like oil smuggling. They talk about how IS is taking control of oil wells and refiners.
wmulnea

BBC News - Falling oil prices: Who are the winners and losers? - 0 views

www.bbc.com/...business-29643612

shared by wmulnea on 13 Feb 15 - No Cached
  • The reasons for this change are twofold - weak demand in many countries due to insipid economic growth, coupled with surging US production. Added to this is the fact that the oil cartel Opec is determined not to cut production as a way to prop up prices.
  • Russia loses about $2bn in revenues for every dollar fall in the oil price,
  • Russia has confirmed it will not cut production to shore up oil prices.
  • ...12 more annotations...
  • Venezuela is one of the world's largest oil exporters, but thanks to economic mismanagement it was already finding it difficult to pay its way even before the oil price started falling.
  • Saudi Arabia, the world's largest oil exporter and Opec's most influential member, could support global oil prices by cutting back its own production, but there is little sign it wants to do this.
  • There could be two reasons - to try to instil some discipline among fellow Opec oil producers, and perhaps to put the US's burgeoning shale oil and gas industry under pressure.
  • Saudi Arabia needs oil prices to be around $85 in the longer term, it has deep pockets with a reserve fund of some $700bn - so can withstand lower prices for some time.
  • were to force some higher cost producers
  • In the 1980s the country did cut production significantly in a bid to boost prices, but it had little effect and it also badly affected the Saudi economy.
  • Saudi Arabia, Gulf producers such as the United Arab Emirates and Kuwait have also amassed considerable foreign currency reserves, which means that they could run deficits for several years if necessary.
  • Islamic State, capturing oil wells. It is estimated it is making about $3m a day through black market sales - and undercutting market prices by selling at a significant discount - around $30-60 a barrel.
  • "The growth of oil production in North America, particularly in the US, has been staggering," says Columbia University's Jason Bordoff.
  • It has been this growth in US energy production, where gas and oil is extracted from shale formations using hydraulic fracturing or fracking, that has been one of the main drivers of lower oil prices.
  • "Shale has essentially severed the linkage between geopolitical turmoil in the Middle East, and oil price and equities," says Seth Kleinman, head of energy strategy at Citi.
  • With Europe's flagging economies characterised by low inflation and weak growth, any benefits of lower prices would be welcomed by beleaguered governments. A 10% fall in oil prices should lead to a 0.1% increase in economic output, say some. In general consumers benefit through lower energy prices, but eventually low oil prices do erode the conditions that brought them about.
ccfuentez

23 nations blacklisted for human trafficking - 0 views

bpnews.net/...cklisted-for-human-trafficking

human-trafficking blacklisted Algeria Tier 2

shared by ccfuentez on 03 Feb 16 - No Cached
  • The U.S. State Department has blacklisted 23 countries for failing to even try to meet minimum standards in fighting human trafficking
  • Blacklisted by the State Department are Algeria, Belarus, Belize, Burundi, the Central African Republic, Comoros, Equatorial Guinea, Eritrea, The Gambia, Guinea-Bissau, Iran, North Korea, Kuwait, Libya, the Marshall Islands, Mauritania, Russia, South Sudan, Syria, Thailand, Yemen, Venezuela and Zimbabwe.
  • ccfuentez on 03 Feb 16
     
    Of the 23 nations that were blacklisted in August of 2015, Algeria makes the list. Of the nations who were blacklisted as failing to meet minimum standards in fighting human trafficking, they are ranked from an economic perspective in the form of "tiers."
ccfuentez

Report: 600,000 forced labor victims in Middle East - CNN.com - 0 views

www.cnn.com/...mideast-migrant-workers

forced labor poorly educated physical violence sexual violence Kuwait

shared by ccfuentez on 10 Feb 16 - No Cached
  • Millions of migrant workers flood to the Middle East from some of the world's poorest countries in search of paid work they won't find at home.
  • But for some, the journey doesn't end as they hope. Instead, they become victims of human trafficking, forced labor and sexual exploitation.
  • "They were lured into jobs that either didn't exist or that were offered under conditions that were very different from what they were promised in the first place," she said.
  • ccfuentez on 10 Feb 16
     
    People who are usually poorly educated and have limited financial resources in the Middle East typically find themselves falling victims to forced labor and human trafficking. The people are taken to private homes and confined, beaten, and raped by their employers.
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