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Egypt's Sissi Urges West to Support Libya - 0 views

  • Egyptian President Abdel Fattah el-Sissi called on the United States and Europe Thursday to help the Libyan army in its fight against Islamist militants now to save the country from requiring intervention on the scale of Iraq and Syria.
  • "When we deal with terrorism only in Iraq and Syria, Libya will begin to be an attractive region affecting the stability of ... Libya and its neighbors. We will need the same measures happening in Iraq and Syria to be taken in Libya," Sissi said in an interview with France 24.
  • "The international community -- Europe and the Americans -- must help the Libyan national army regain its position and combat terrorism in Libya to restore security and stability," he said.
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  • Egypt is training anti-Islamist Libyan forces on its soil and sharing intelligence in a bid to stamp out militancy next door.
  • "If we intervened directly, I would not hesitate to announce that. But all we have done so far is to help the Libyan national army, the Libyan parliament, and the Libyan government," he said.
  • "There are no Egyptian armed forces in Libya," Sissi said. "We protect our borders from inside our borders."
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    Sissi calls for internationals support on fighting Islamic power in Libya.
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    The Voice of America reported President Sissi's call to the US and Europe to aid the Libyan army in their fight against ISIS, saving the country from requiring intervention on the scale of Iraq and Syria. Egypt has been training anti-Islamist forced on its own soil and sending them out to fight in Libya, but they have yet to intervene directly. He calls on the international community to help prevent further Islamic insurgency for the sake of stability throughout the region as a whole. 
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How ISIS Is Wrecking Iraq's Biggest Industry - Business Insider - 0 views

  • The Islamic State has taken over several oil-producing areas in Iraq and Syria, raising fears that the group could leverage its hydrocarbon wealth to the point of economic self-sufficiency.
  • ISIS is indeed producing between 25,000 and 40,000 barrels of oil a day
  • about as much as Poland, Germany, or New Zealand.
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  • its oil is of poor quality, and ISIS is likely having trouble transporting it.
  • ISIS is only capable of moving its oil by truck, suggesting that the group hasn't mastered the use of northern Iraq's oil pipeline system.
  • Some experts have estimated that ISIS brings in up to $3 million in revenue each day.
  • Ben Lando of Iraq Oil Report told the Post that ISIS's daily revenue might actually be as low as $250,000 a day.
  • Iraqi fields "are so small and the crude of such poor quality that international companies did not bid to develop them
  • ISIS, which nearly seized a refinery outside of Baghdad in June, is interrupting the one industry that makes Iraq viable not just as an economy, but as a political unit as well.
  • In 2012, the International Energy Agency predicted a nearly 500% increase in Iraqi oil revenue by 2020, and concluded that revenue would double during that period even in a worst-case scenario:
  • its ability to disrupt Iraq's leading industry denies the country of much of its economic potential while degrading vital infrastructure.
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Russia to host Syria talks in April | News , Middle East | THE DAILY STAR - 0 views

  • MOSCOW: Moscow said Thursday it would host talks between representatives of Syrian President Bashar Assad's regime and opposition figures in April, three months after a meeting between the parties which ended without any concrete results.
  • Moscow - one of Assad's few remaining allies - is trying to kickstart dialogue between the warring parties in a bid to end nearly four years of civil war that has claimed more than 200,000 lives since 2011
  • Two rounds of talks in Geneva ended without success, the last of which took place in February 2014.
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  • The document stipulates that a solution to the conflict should be found "politically and peacefully," rejects foreign interference and calls for sanctions to be lifted.
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    Moscow continues to push for peace talks between all the oppositions groups and the Syrian government. Russia believes that the best way to have peace is to avoid foreign interference and they call for sanctions to be lifted. 
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BBC News - Falling oil prices: Who are the winners and losers? - 0 views

  • 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.
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  • 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.
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Syria Allows Aid Into Rebel-Held Area as Peace Talks Stall - ABC News - 0 views

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    Syria has allowed aid into a rebel controlled area. The food and hygiene kits are a goodwill gesture that aim to get the peace talks back on track. 
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Hillary Clinton Gives Israeli Education Program Spotlight on Campaign Trail - Israel - ... - 0 views

  • ch week in Israel, young parents open their homes to local instructors who teach them how to prepare their toddlers for school.
  • In her bid for the Democratic nomination, Clinton rarely misses an opportunity to tout her record on early childhood education, from her first job out of law school at the Children’s Defense Fund to her Too Small To Fail program at The Clinton Foundation.
  • The story of how Clinton brought the Israeli education program to America starts with a coincidence.
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  • In 1969, an Israeli educator named Avima Lombard conceived the program as a way to help the children of North African immigrants get a head start in the Israeli school system
  • Clinton’s associates in Arkansas apparently had a similar reaction when she told them they would have to travel to the Holy Land for HIPPY training: “‘Israel! Where is Israel?’”
  • HIPPY has been studied widely in academic and research settings.
  • But the two strong personalities also clashed occasionally. For several years, Lombard demanded that certain HIPPY USA staff members receive training in Israel. As the program grew, this practice became expensive and unsustainable, leading HIPPY USA to start training staff in Arkansas.
  • In 1998, Hillary Clinton visited a HIPPY event in Jerusalem while accompanying her husband when he was president. It was around holiday time, and Clinton was photographed with HIPPY children and their mothers.
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    HIlary Clinton is using the Israeli Education program to highlight her campaign. She wants to promote Israeli education and how she supports early education. Hilary Clinton adds she wants to support overseas education as well
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