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kevinobkirchner

Wave of Patriotism as Egypt Raises $9 Billion for Suez Canal - NBC News.com - 0 views

www.nbcnews.com/...s-9-billion-suez-canal-n214681

egypt suez-canal al-sisi investment economy

shared by kevinobkirchner on 08 Oct 14 - No Cached
  • kevinobkirchner on 08 Oct 14
     
    Despite the hardships Egyptian citizens have endured in the last 4 years they have poured a collective 8.5 billion dollars into an upgrade of the Suez Canal, a long time symbol of national pride. Al-Sisi is planning to build a waterway parallel to the Suez Canal. Egyptians had the option to invest in the waterway by purchasing certificates with a guaranteed return. 82% of investments were from individuals instead of institutions and the canal is expected to bring in $2 to $5 billion in revenue over the next two to three years.
micklethwait

Libya's Investment With Goldman Ends in Losses, Acrimony - WSJ - 0 views

online.wsj.com/...702304066504576347190532098376

libya investment goldman ends losses acrimony

shared by micklethwait on 15 Sep 14 - No Cached
  • micklethwait on 15 Sep 14
     
    This article explains some of the facts around the dramatic waste of Libya's Sovereign Investment Fund in 2008.
kbrisba

Tunisia cuts 2012 growth forecast to 3.5 pct - Daily News Egypt - 0 views

www.dailynewsegypt.com/...2012-growth-forecast-to-35-pct

shared by kbrisba on 15 Feb 15 - No Cached
  • kbrisba on 15 Feb 15
     
    Tunisia cut its economic growth forecast for this year to 3.5 percent, down from a previous forecast of 4.5 percent due to declines in foreign investment and tourism. Tunisia's government said in December the economy would grow 4.5 percent in 2012, but ongoing strikes have put off foreign investment, forcing it to cut its forecast. In 2011 the leaving of Zine Al-Abidine Ben Ali sparked the "Arab Spring". This caused revolts, which shrank the economy to 1.8 percent in 2011. The supplementary budget also increased in spending of 1 billion dinars.
amarsha5

Gulf states invest billions in missile defences to protect against Iran - Telegraph - 0 views

www.telegraph.co.uk/...s-to-protect-against-Iran.html

missile iran states gulf

shared by amarsha5 on 11 Feb 16 - No Cached
  • amarsha5 on 11 Feb 16
     
    Gulfs states have been investing in missile defences to line the border with Iran. Saudia Arabian spent $2 billion last year on missile defence which has remained a large portion of the Gulf's total miliatry budget of $113 billion.
allieggg

Wasta, Work and Corruption in Transnational Business | CONNECTED in CAIRO - 0 views

connectedincairo.com/...tion-in-transnational-business

middle east watsa corruption Business Egypt Family

shared by allieggg on 05 Oct 14 - No Cached
micklethwait liked it
  • Girgis worked for a company that insisted as part of their global corporate culture that there be no “corruption.” Six years after opening its office in Egypt, they continued to be plagued by behaviors they understood to be “corrupt.”
  • I explained that wasta referred to a network of informal loans and favors traded by Arab men in order to move up in the world.
  • Encouraged by my open, neutral tone, Girgis opened up further. “My father mortgaged family lands to pay for my college,” Girgis said. “I owe him everything. If he asks me to find a job for his brother’s son, how can I say no?”
  • ...6 more annotations...
  • families are economic units.
  • “You can send me anywhere else in the world and I’ll run the office by the book,” Girgis told his supervisor. “But I can’t do that here.”
  • any Egyptian man they hired to run the office would be equally suspended in webs of wasta obligations
  • “investment and return” frame I created for understanding, emphasizing the economic parallels between Arab families and running a business
  • , I’ve known several Egyptian businessmen who thought wasta was an improvement on Western models of hiring.
  • Net result: greater loyalty, less likelihood of theft, less likelihood of negotiating for new jobs behind your back and leaving you in the lurch, etc, he claimed.
  • allieggg on 05 Oct 14
     
    This article is from the point of view of an anthropologist who was brought in as a cultural consultant to mediate an issue of "watsa" for a corporation in the Middle East. The company prides itself on its lack of internal corruption, and in turn hired a man named Girgis who grew up in the Middle East but lived and received an education in the US. In Girgis's first year he hired one of his cousins, which the supervisors saw as corrupt hiring practice. The author, and hired consultant, explained to the company supervisors that watsa was an "investment and return" framework in Arab culture, and that there are economic parallels between Arab families and businesses, families existing as economic units. Girgis conveyed that anywhere else in the world he would run the office by the book, but in the Arab world he must also adhere to social norms. The result of watsa through Arab eyes leads to greater loyalty, and less likelihood for deception and theft. The article basically introduces the idea that while in the Western world this may be seen as corruption, it is an embedded part of culture in the Middle East. 
allieggg

Islamists Aren't the Obstacle | Foreign Affairs - 0 views

www.foreignaffairs.com/...islamists-arent-the-obstacle

middle east democracy Islamists institutions egypt politics tunisia

shared by allieggg on 28 Sep 14 - No Cached
micklethwait liked it
  • A minority of the population -- 26 percent of Tunisians and 28 percent of Egyptians -- believes that Islam should play a large role in government.
  • Both secularists and Islamists associate democracy with economic prosperity
  • Islamist parties received considerable support in both countries' recent elections -- not only because there is a broad ideological affinity for Islamism among the population but also because of Islamist parties' effective campaigning.
  • ...10 more annotations...
  • When asked about the most important feature of a democracy, 69 percent of Egyptians and 32 percent of Tunisians put providing people with basic necessities or narrowing the gap between rich and poor at the top of their lists.
  • On a related note, Islamist parties have shown a remarkable ability to maintain their base.
  • Tunisia has fared better than Egypt so far in the post-Arab Spring transition, with less violence, fewer demonstrations, and greater political stability. This is in part because challenges are easier to confront in a country of only 11 million, 98 percent of whom are Sunni Muslim, compared to the more diverse and populous Egypt. But Tunisia's success is primarily a result of its stronger institutions, which provide a conduit for political debate.
  • Many onlookers claim that Egypt's more tumultuous post-revolution trajectory is because of the country's legacy of religiosity and Islamism.
  • Egyptians, in fact, are no more religious than Tunisians.
  • Egypt's institutions are weak and have been routinely undermined by entrenched interests. The countries' different geopolitical situations play a role here. Tunisia's minimal strategic importance means that foreign countries have less reason to intervene. But Egypt's proximity to Israel and the Palestinian territories, its 1979 peace treaty with Israel, and its role as an intermediary between Israel and Hamas make its political developments important to Israel and the United States. Consequently, Egypt is vulnerable to foreign interference, particularly to attempts to prop up its military. Furthermore, beyond serving as a pillar to Egypt's authoritarian regimes, the Egyptian military has significant business interests and accounts for ten to 30 percent of Egypt's gross domestic product.
  • Egypt's judicial branch, which is also more powerful than Tunisia's, has at times undermined democratic processes.
  • Egyptian Supreme Constitutional Court ruled that the Islamist-dominated parliament and the Constituent Assembly it elected were unconstitutional, because Islamist parties contested seats intended for independent candidates. The move polarized the country and pushed the executive branch to take extreme measures.
  • Egyptian democracy is undermined by the inability of institutions to address citizens' demands and the impulse of powerful actors to interfere, not by the divide between Islamists and secularists. Institutions in Egypt fail to provide a meaningful forum for debate. As a result, violent street protesters and extremist sheiks are gaining power.
  • U.S. policy must support institutions rather than actors, and processes rather than outcomes, in order to help Egypt and Tunisia achieve their democratic potential.
  • allieggg on 28 Sep 14
     
    The Council on Foreign Relations published an article about democratization in the middle east and the major obstacles that are present in the process. While most assume Islamists and Islamic embedded institutions are the root of the delayed democratic transition, the problems are much bigger than that. While Islamist regimes do indeed stunt the growth of democratic progress in terms of creating a stable government, Arab countries struggle with economic and social factors as well. The Arab Spring Revolutions have caused economic and social degradation across the region, resulting in a road block of political leadership. Without a reliable and capable government structure, the states are unable to progress economically. However, in order to have a stable government, social and economic institutions must be in place to create this capitalist economy that they strive for. Because most wealth resides in oil, the revenue that the states bring in isn't distributed properly throughout society and is concentrated within few business elites. The article stresses that instead of foreign aid going into the hands of an unstable leader or regime, it should be invested in institutions in order to spur economic growth and eliminate corruption. Rather than focusing on the Islamist-secularist divide, the world should be working towards the strengthening of institutions to create a stable foundation for governance. 
kbrisba

US Backs Tunisia's Efforts to Improve Investment Appeal - ABC News - 0 views

abcnews.go.com/...ove-investment-appeal-29441602

shared by kbrisba on 08 Mar 15 - No Cached
  • kbrisba on 08 Mar 15
     
    Last month Tunisia installed a new government. The conference was a way of telling the world that Tunisia is back on track. The Prime Minister talked about how he promises for economic reform as well as hopes that the long delayed free trade agreement between the U.S. and Tunisia could be finally completed.
kbrisba

The Arab Spring's success story: what will it take for Tunisia to unlock its full ... - 0 views

www.albawaba.com/...ts-full-economic-potential-646

shared by kbrisba on 15 Feb 15 - No Cached
  • kbrisba on 15 Feb 15
     
    Tunisia kicked off investor meetings for a Eurobond without US guarantees. Tunisia's stock market has already shown political stability. Tunis index rose more than 16 percent in 2014 and trades 10 percent below record highs hit before the Arab Spring. Tunisia has potential to reform but it is in need of foreign direct investment to drive economic growth and job creation. Tunisia signed a two year deal with the international Monetary Fund in 2013, agreeing to follow certain economic policies; keeping its deficit under control, making the foreign exchange market more flexible and structural reforms.
aavenda2

Saudi Aramco's Supply to China Potentially Doubling - - 0 views

english.caixin.com/...100793953.html

saudi oil supply china

shared by aavenda2 on 29 Mar 15 - No Cached
  • aavenda2 on 29 Mar 15
     
    Saudi Aramco, aims for its investment in China to be a platform for China to serve and access the market in the Middle East and Africa
amarsha5

Why Tunisians Are Protesting Again 5 Years After The Revolution - 0 views

www.huffingtonpost.com/...ed_us_56a4152ae4b0d8cc109a5ed4

tunisia unemployment economy security revolution

shared by amarsha5 on 11 Feb 16 - No Cached
  • amarsha5 on 11 Feb 16
     
    The Tunisian revolution is still ongoing, as unemployment rate hit 15% and stark wealth disparities countrywide. The country has taken a critical hit to its tourism revenues and foreign investment with recent terror attacks. The government is promising to boost economic growth in some areas.
eyadalhasan

Middle East investment in U.S. property rises as returns drag at home - 0 views

www.businessinsider.com/s-returns-drag-at-home-2015-12

middle east US Twitter

shared by eyadalhasan on 01 Mar 16 - No Cached
  • eyadalhasan on 01 Mar 16
     
    The boarded-up building sat vacant on a tattered block in San Francisco until a small New York developer and a Kuwaiti real estate partner snapped it up in April 2014, attracted by the proximity to Twitter Inc and other tech companies.
amarsha5

How long can Saudi Arabia afford Yemen war? - Al-Monitor: the Pulse of the Middle East - 14 views

www.al-monitor.com/...ia-economic-repercussions.html

saudi yemen war economics

shared by amarsha5 on 07 Apr 16 - No Cached
  • long history of political animosity; this is a history that continues until our present day.
    • joepouttu
      joepouttu on 07 Apr 16
       
      "However, as Saleh continued to kill, these countries had no choice but to issue a forceful declaration to show that they were not in favor of Saleh's relentless, murderous campaign to ignore a civil war in Yemen." pg 128
  • Yemen's treasury was burdened by the costs of unification such as paying for southern civil servants to move to the new capital, Sanaa, and paying interest on its massive debt. On top of its other economic challenges, Yemen was to absorb the shock of 800,000 returnees and their pressure on the already weak job market. With their return, the estimated $350 million a month in remittances
    • joepouttu
      joepouttu on 07 Apr 16
       
      "My father had decided to leave Eritrea and return to Yemen, his homeland, after long years of exile..." pg 110
  • Civil war broke out in the summer of 1994 in what could be interpreted as a symptom of economic failure.
  • ...20 more annotations...
  • By 1995 the Yemeni government implemented a program of macroeconomic adjustment and structural reforms with support from the World Bank and the International Monetary Fund and reduced spending on defense and civil service and cut subsidies. The Yemeni economy started showing signs of recovery and stability.
  • Masood Ahmed, director of the IMF’s Middle East and Central Asia Department, wrote in 2012 that “fiscal sustainability will be an issue” for Gulf Cooperation Council countries. In its 2012 regional economic outlook, the IMF recommended to “curtail current expenditures while protecting the poor” as a response to the risk of declining oil prices.
  • Policies to cut spending were unlikely to be introduced in a monarchy like Saudi Arabia, especially after the Arab Spring, where tax-paying citizens along with non-tax-paying Bahrainis and next-door Yemenis went out on the streets to claim their rights in shaping the policies that govern their daily lives. The risk of people demanding more political rights was growing and cutting spending was not the optimal strategy for the kingdom.
    • joepouttu
      joepouttu on 07 Apr 16
       
      "The students of Sanaa were unique, marching straight out onto the street from their classrooms and chanting, 'The people demand the fall of the President and the regime.'" pg 126
  • As the kingdom continued its generous fiscal policy by providing more benefits to its citizens in response to the people’s dissatisfaction with the economic and political situation, it ran a deficit of 3.4% of GDP in 2014 due to a fall in oil revenues.
  • The kingdom's economic reforms of raising gas and diesel prices, cutting fuel subsidies in half and supporting the introduction of a GCC-wide value-added tax might ease the pressure of sustaining a war for nine months and perhaps longer. These structural reforms were long overdue and their introduction at this time is revealing.
    • amarsha5
      amarsha5 on 07 Apr 16
       
      CIG pg. 120 -> "We live in a world with many layers of linkages between countries. Nations will exchange goods and services through trade and will engage in cross-border investments from bank loans to setting up businesses. Each of these linkages can serve as a transmission mechanism in a time of crisis."
  • the political inclusion of the taxpaying citizen. It's a price the kingdom is now willing to pay, as we have seen Saudi women not only
  • and suffered an uprising fueled by anger at economic failure. The Saudi economy is trying to absorb
  • As they introduce revenue-collecting mechanisms, they should also reform mechanisms of capital transfer to the public to minimize the gap between the rich and the poor, as it is known that the poor are the most affected by tighter revenue-collecting policies. Otherwise, the Saudi war on Yemen will mark the beginning of an economic downturn that will surely spill over onto its political system in the long run.
    • joepouttu
      joepouttu on 07 Apr 16
       
      "So the young revolutionaries fight on, until all their demands are met and they are free to build their State: a state founded on social justice and equality between all citizens where Saleh's reign is just a page in the history books." pg 129
    • amarsha5
      amarsha5 on 07 Apr 16
       
      CIG pg. 116 -> "Globalization, in the shape of freer trade and multinational investments, has been generally a force for good and economic prosperity. But it has also advanced, rather than harmed, social agendas"
    • ccfuentez
      ccfuentez on 07 Apr 16
       
      But it became apparent that Saleh was not going to leave me to my own devices. He declared war in mid-1994, occupying the South and defeating the Socialist Party. Everything was finished, or so I believed. Its property stolen by the regime, the paper shut down, and once more I found myself broken, defeated and without hope. Worse, I was a known employee of the Socialist Party through my work at the paper. In the region where I lived agents for the regime had been hunting down and detaining anyone who had belonged to the Socialist Party or getting them fired from their jobs. Although I had not been a party member myself, just worked at a party newspaper, the regime made no distinction. My mother intervened, however, and hid me. She wouldn't let me out of the house. My mother always protects me.   (2013-12-31). Diaries of an Unfinished Revolution: Voices from Tunis to Damascus (p. 115). Penguin Publishing Group. Kindle Edition. 
    • atownen
      atownen on 07 Apr 16
       
      Civil War: in 1994 Jamal currently in high school, describes the times as a world, when the color of his skin would define him. The Civil War, "interpreted as a symptom of economic failure", was evident in the reading when Jamal described the lack of jobs as a college graduate, members of the socialist party were completely shut out when Saleh took the presidency, depriving hard workers the ability to integrate into the economy. 
    • ccfuentez
      ccfuentez on 07 Apr 16
       
      CIG Ch. 4 -> in relation to international rulemaking on fiscal policy -> is international intervention needed to contain and reverse financial crises in countries, esp. when it comes to the human rights and economic equality of citizens
    • mcooka
      mcooka on 07 Apr 16
       
      Relating to page 120 Sanaa could not find work after college. While his degree wasn't very fluid, he was unable to find work for about 5 years. He got into journalism which blacklisted him against the government. Now he is unemployed again. 
    • mcooka
      mcooka on 07 Apr 16
       
      This paragraph, while not highlighted, is important to the idea of globalization and why the war is not stopping. There is a flow of revenue from these oil prices that Yemen is reliant on, but they are also competing with countries that produce higher amounts of oil. This would have happened during the time Sanaa was in College writing scathing articles
    • mcooka
      mcooka on 07 Apr 16
       
       On page 113 around this time the author was working as a journalist for the newspaper. 
    • mcooka
      mcooka on 07 Apr 16
       
      Related to page 129 Sanaa is still living in hiding and in poverty. The animosity keeps him in fear. 
    • csherro2
      csherro2 on 07 Apr 16
       
      Market liberalization outlook
    • csherro2
      csherro2 on 07 Apr 16
       
      When Saleh came to power he and the leader of the southern part of Yemen, Salem al-Beid, agreed to coesxist as leaders of Yemen.  WIthin weeks of this in play, Saleh began to try to make the south his and this created the civil war.  
    • csherro2
      csherro2 on 07 Apr 16
       
      Jamal notes that the standard of living in Yemen was decreasing gradually the longer Saleh stayed in power.  
    • csherro2
      csherro2 on 07 Apr 16
       
      People, including Jamal, were writing about the Saleh regime and how they were upset with them.  
    • csherro2
      csherro2 on 07 Apr 16
       
      When Saleh's son was coming into power, Jamal saw that Yemen was moving towards a monarchy, realizing that his and the country's future was in the hands of an unqualified person.  
ralqass

Saudi Arabia's Tesla Roadmap - 0 views

www.bloomberg.com/...vestment-fund-bad-news-for-oil

shared by ralqass on 21 Apr 16 - No Cached
  • ralqass on 21 Apr 16
     
    Old certainties of demand and supply are obsolete.
allieggg

Lessons from the Libyan War | The American Conservative - 0 views

www.theamericanconservative.com/...lessons-from-the-libyan-war

libya civil war US Intervention politics war american conservative

shared by allieggg on 23 Nov 14 - No Cached
  • In the Libyan case, this involved attributing to anti-regime forces the “values” that Americans wanted to believe that they had, and it meant investing the conflict in Libya with far greater global significance than it actually possessed.
  • The earlier assumption that the “Arab Spring” was something that the U.S. ought to be encouraging went unexamined, once again because our “values” dictated that Washington must do this.
  • the idea that a Libyan intervention would allow the U.S. “to realign our interests and our values” was reportedly a significant factor in the decision to take military action. Thus one faulty assumption (that our “values” were at stake) led to another (we must “realign our values and our interests”) and that led to a terrible decision.
  • ...3 more annotations...
  • U.S. intervention in Libya was unpopular throughout the region because most people in these countries don’t trust the U.S. and resent our government’s interference no matter which side Washington chooses to take.
  • One more lesson that the Libyan war should teach us is that the U.S. and its allies are far too quick to want to take sides in foreign disputes and conflicts, and they are then far too eager to throw their weight behind that side in order to make sure that “our” side wins.
  • That ought to put the U.S. in a position where it can serve as a neutral mediator to find a way to resolve the conflict without further bloodshed. Instead the U.S. too often chooses to pick a side and helps to intensify and escalate conflicts that might be limited and contained through mediation.
  • allieggg on 23 Nov 14
     
    This article basically condemns the intentions of US intervention in Libya. Larison conveys that the assumption that US intervention was crucial in Libya to oust Gaddafi was based on attributing "values" that Americans wanted to believe that they had, putting far more significance on the conflict than it truly possessed. US intervention was unpopular in the region because of distrust in the US and resentment to interference regardless of the side Washington chooses to take. The author says this tells us that the US is far too quick to take sides in foreign conflict, and far too eager to throw their weight behind their side to make sure it wins. The US ought to serve as a neutral mediator resolving conflict rather than initiating further bloodshed through their impulse to "do something" immediately. 
fcastro2

Putin brings China into Middle East strategy - Al-Monitor: the Pulse of the Middle East - 0 views

www.al-monitor.com/...-consequences-middle-east.html

putin china middle east syria strategy politics

shared by fcastro2 on 04 Feb 15 - No Cached
    • fcastro2
      fcastro2 on 04 Feb 15
       
      Russia & China's negotiations involving Syria
  • one of China’s main strategic regional projects was the economic region (or belt) of the 21st century Great Silk Road and the Maritime Silk Road, which intends to create a wide area of Chinese economic presence from China’s western borders to Europe
  • clearly comprises the countries of Western Asia (i.e., the Middle East)
  • ...22 more annotations...
  • Chinese leader opened the Sixth Ministerial Meeting of the China-Arab Cooperation Forum on June 5 in Beijing
  • energy cooperation; infrastructure construction and creation of favorable conditions for trade and investment; and high-tech domains of nuclear energy, the space rocket sector and new energy sources
    • fcastro2
      fcastro2 on 04 Feb 15
       
      China & Arabian cooperation
  • suggested that the creation of a free trade zone between China and the Gulf Cooperation Council (GCC) be accelerated
  • China supports the peace process and the establishment of an independent Palestinian state within the borders of June 4, 1967, with East Jerusalem as its capital, "enjoying full sovereignty."
  • , why shouldn’t Russia and China in the current situation — given the proximity of their interests and positions — undertake joint initiatives to unblock the peace process, while initiating steps to "introduce this activity within an institutional framework?
  • , the unilateral efforts by US Secretary of State John Kerry to promote the Israeli-Palestinian peace process are not bearing fruit
  • Russia is interested in using this unprecedented convergence with China in its operations on the Middle East arena, where Moscow has in many ways already been acting in unison with Beijing
  • , the Middle East Quartet is one of few international platforms where Russia can constructively engage with the United States and the EU
  • China's growing economic cooperation with Arab countries not a cause for concern in Moscow, but it is also viewed in a very favorable light
  • will not one day replace the United States as the security guarantor for the transportation routes of these resources
  • Moscow’s and Beijing’s interests converge in the joint countering of terrorism, extremism and separatism
  • . Among the militants from radical groups fighting against government troops in Syria, there are people hailing not only from Russia and Central Asia (fewer in numbers to those coming from Arab and Islamic as well as Western countries), but also from the Uighur minority in China.
  • recently, Beijing came under harsh criticism from Ankara for its actions in the Xinjiang Uighur Autonomous Region against the Uighur population, which the Turks believe to be their next of kin
  • . Disappointed by the failure of EU accession, the Turkish leadership has even started talking about the desire to join the SCO as an observer
  • Ankara expresses its willingness to cooperate with China in the fight against terrorists and condemns the separatism coming from some groups in Xinjiang
  • There is no doubt that a comprehensive strategic partnership, in which Russia and China would act in concert along the political consensus reached by their two leaders, would in the short term
  • According to both, this convergence is neither a union nor a tournament of predators, but a very pragmatic integrationist instrument of protection and projection of interests by the two powers, including in the Middle East.
  • the Middle East was not the focus of the talks between the two leaders
  • roughly 50 agreements ushering in a period of unprecedented convergence between the two countries
  • seems to allow the two parties to seek further coordination in their actions
  • Such consensus includes Syria, despite Beijing’s lesser involvement on this issue, relative to Moscow; Iran, within the P5+1 (the five permanent UN Security Council members plus Germany) negotiations with Tehran over its nuclear program; the fight against terrorism and extremism; the creation of a weapons of mass destruction-free Middle East; the condemnation of external intervention and the strategy of "regime change" as well as the push for "color revolutions;" the policy to reach a settlement in the Middle East; and relations with the new Egyptian regime and with respect to the Sudanese issues.
wmulnea

Oil and Terror: ISIS and Middle East Economies - 0 views

www.investopedia.com/...-and-middle-east-economies.asp

shared by wmulnea on 02 Mar 15 - No Cached
  • ISIS's economic cost is significant not just for Iraq but also other Middle Eastern countries.
  • Iraq has the fifth largest oil reserves in the world and third highest in the Middle East after Saudi Arabia and Iran.
  • Part of ISIS's rise in Iraq can be attributed to sectarian politics.
  • ...15 more annotations...
  • part of their dissatisfaction came from the distribution of oil revenues. 
  • The mismanagement of oil revenues is also manifest in Iraq's poor infrastructure
  • Though currently the Iraqi government has reserves and surplus funds, mounting expenditures and falling oil prices has economists to project that Iraq will run a deficit next year.
  • it is running a self-sustaining economy, making it the world's richest terror group.
  • Thankfully, 6 of 8 Iraq’s major oil fields lie in the Shia South, which is unlikely to come under ISIS control.
  • It sells crude at a steep discount, at a rate of USD $30 per barrel
  • Turkey runs a huge trade surplus with Iraq, which is likely to slow down dramatically due to lower demand from Iraq.
  • Jordan and Lebanon, which have both absorbed a large number of refugees.
  • Iran’s position seems to be the trickiest of all in that its interests align with those of the US in its fight against ISIS
  • Falling oil prices have definitely curtailed Iran’s ability to intervene without serious consequences for its economy. Iran needs oil prices well above USD $100 for it to balance its budget,
  • Any cooperation between Iran and the US over ISIS could lead to a gradual withdrawal of sanctions, which would allow Iran to sell its oil on the open market and generate revenue. The flip side is that Iran’s oil would surely depress oil prices further.
  • Saudi's allegiances have become muddled.
  • it finds its interests are aligned with those of Iran, a traditional foe, both of which are against ISIS.
  • Russia needs oil prices near USD $100 to balance its budget and Iran needs high oil prices to support its nuclear program.
  • Regionally, ISIS will disrupt and degrade the economy of several states, and that in turn may lead to further political chaos -- which is precisely ISIS's goal.
diamond03

Egypt receives 300 recommendations in UN human rights review - Daily News Egypt - 0 views

www.dailynewsegypt.com/...dations-un-human-rights-review

egypt human human rights

shared by diamond03 on 10 Nov 14 - No Cached
  • Egypt has been provide
  • with 300 recommendations by the United Nations Human Rights Council
  • recommendations relating to the controversial Protest and NGO Laws, media freedoms, freedom of association, the use of the death penalty, and women’s rights.
  • ...18 more annotations...
  • Egypt received 165 recommendations following its first review in 2010.
  • 20 recommendations that dealt with the status of civil society organisations in Egypt and called for a revision of the current law
  • in line with provisions set out in the constitution and “international norms”.
  • Seven Egyptian NGOs refused to participate in the UN UPR, citing a fear of reprisals by the Egyptian government.
  • 13 times among the 300 recommendations, with calls to amend the law and “bring it in line with international standards
  • Egypt was urged to ratify international conventions on the death penalty.
  • no international consensus on the death penalty
  • 50 countr
  • ies” still have death as a punishment within their criminal justice systems.
  • Iceland read “Ensure thorough, independent and impartial investigations into the mass killings in [Rabaa Al-Adaweya] Square in 2013 and hold the perpetrators accountable
  • The US also recommended that Egypt “release those detained solely for exercising rights to freedom of expression or for membership in a political group, and ensure remaining detainees full fair trial guarantees on an individual level”.
  • included recommendations to tackle corruption, human trafficking, the promotion of human rights, and investment in education for young people.
  • UN human rights representatives
  • not to participate in the review.
  • “the appalling deterioration in the state of human rights in Egypt”.
  • decided
  • “reconsider its policies and orientation before Egypt slides into an abyss of unremitting terrorism and political violence”.
  • Egypt has until March 2015 to respond to the recommendations
  • diamond03 on 10 Nov 14
     
    Egypt received 300 recommendation to review their human rights. The list also stated they wanted to tackle corruption, human trafficking, and human rights. Egypt has until March 2015 to respond. 
wmulnea

The new economics of oil: Sheikhs v shale | The Economist - 0 views

www.economist.com/...es-will-go-bust-market-will-be

shared by wmulnea on 23 Feb 15 - No Cached
  • The contest between the shalemen and the sheikhs has tipped the world from a shortage of oil to a surplus.
  • Big importing countries such as the euro area, India, Japan and Turkey are enjoying especially big windfalls. Since this money is likely to be spent rather than stashed in a sovereign-wealth fund, global GDP should rise.
  • There will, of course, be losers (see article). Oil-producing countries whose budgets depend on high prices are in particular trouble. The rouble tumbled this week as Russia’s prospects darkened further. Nigeria has been forced to raise interest rates and devalue the naira. Venezuela looks ever closer to defaulting on its debt
  • ...1 more annotation...
  • But Saudi Arabia, in particular, seems mindful of the experience of the 1970s, when a big leap in the price prompted huge investments in new fields, leading to a decade-long glut.
  • wmulnea on 23 Feb 15
     
    This article suggests that increased shale oil production is changing the economy of oil, but at the same time Saudi Arabia is reluctant to slow OPEC production.
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