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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."
sambofoster

Women's rights do not sell - 1 views

www.dailynewsegypt.com/...womens-rights-do-not-sell

Women Rights Activism

shared by sambofoster on 23 Feb 16 - No Cached
  • pvaldez2 on 23 Feb 16
     
    This article explains some of problems that women face in Egypt and why no one talks about it. The author describes that "Women's rights do not sell", and that sexuality does. Because of this, we have TV shows and other forms of media dedicated to sexuality.
  • sambofoster on 31 Mar 16
     
    In late 2013, the Thomson Reuters Foundation conducted its third annual poll on women's rights in Arab states. 336 specialists designed the poll to assess the extent to which states adhere to key provisions of the UN Convention on the Elimination of Discrimination Against Women (CEDAW), which most Arab League states have signed, ratified...
mariebenavides

The Revolution: Report From Literary Egypt | Poets and Writers - 0 views

www.pw.org/the_revolution

literature egypt jan25 writers writing

shared by mariebenavides on 10 Sep 14 - No Cached
  • mariebenavides on 10 Sep 14
     
    The author of this paper gives the readers insight to the way the revolution on January 25th has affected the literary scene for bookstores, for authors, and the things people are allowed to read or sell (due to censorship).
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.
jreyesc

This Is How ISIS Smuggles Oil - 0 views

www.buzzfeed.com/...this-is-how-isis-smuggles-oil

money Oil Smugglers ISIS ISIL Syria

shared by jreyesc on 13 Nov 14 - No Cached
  • Turkish-Syrian border
  • The militants can make more than $1 million a day selling oil from fields captured in eastern Syria.
  • In recent months, the government has vowed to crack down on illicit oil, and police have targeted smuggling routes, seizing oil drums and digging up pipelines.
  • ...12 more annotations...
  • helped make ISIS the world’s richest extremists.
  • Rebel groups targeted oil resources from the regime in battles often overshadowed by higher-profile fronts in the war — namely in the provinces of Raqqa and Deir Ezzor, where there were refineries and oil fields.
  • Strapped for cash, the rebels smuggled some of the oil to buyers in Turkey, whose government was one of the Syrian opposition’s main backers, having already opened its borders to activists, fighters, and refugees.
  • Omar would receive a call from a commander in the Free Syrian Army (FSA), the U.S.-backed rebel coalition, telling him to head to the Syrian side of the border.
  • If he took in $1,500 in a night, he would give $500 to the FSA commander and another $500 to the Turkish border guards. “You can’t really say that we are smuggling oil, because we take permission from the Turkish side and the Syrian side,” Omar said. “But since it’s under the table, we call it smuggling.”
  • it controlled Raqqa, and soon after it was battling for control of the rebel-held parts of Deir Ezzor.
  • As ISIS gained new oil fields, Omar kept smuggling. He may have worked along an FSA-run border, but he knew he was buying the oil from middlemen who had taken it from ISIS’s hands.
  • For ISIS, the profits were startup funds as it built up its self-styled caliphate, buying weapons and paying salaries.
  • U.S. airstrikes now targeting its oil infrastructure, ISIS can make over $1 million a day from the trade
  • ISIS controls 60% of the oil-producing resources in eastern Syria, he said, plus a handful of marginal oil fields in Iraq.
  • The group sells most of it within its own territory in Iraq and in Syria — which covers more than 12,000 miles, a size comparable to Belgium, and includes some 8 million people, a population approaching Switzerland’s. Desperate residents need the fuel to run their cars, generators, and bakeries.
  • It was the worst example of a wartime pillage that has stripped Syria of everything of value, from scrap metal to precious artifacts. “I just want to show the world what they are doing to my country,” he said.
  • jreyesc on 13 Nov 14
     
    ISIS has become very rich extremist group because of the oil smuggling business they are involved in.
wmulnea

UPDATE 1-Libya's rival forces warn Thinni govt against independent oil sales | Reuters - 1 views

www.reuters.com/...security-idUSL5N0X50MS20150408

shared by wmulnea on 09 Apr 15 - No Cached
  • is currently producing around 600,000 barrels per day, compared with the 1.6 million the OPEC producer pumped before Gaddafi was ousted.
  • wmulnea on 09 Apr 15
     
    Tensions between the two Libyan government factions increase after Prime Minister Thini suggested that his internationally recognized government would sell Libyan oil independently. Thini rival, Ismail Shikri, promised military action if Thini follows through.
aavenda2

How Iran's Rise Could Mean the End of Oil Kingdoms / Sputnik International - 0 views

sputniknews.com/...1020819260.html

iran rise oil Saudi Arabia

shared by aavenda2 on 13 Apr 15 - No Cached
  • aavenda2 on 13 Apr 15
     
    Iran's new production and possibilities to sell to Asia could hurt Saudi's plans for projected future demand of their oil
ccfuentez

Algeria-France child trafficking trial opens in Algiers - BBC News - 0 views

www.bbc.com/...world-africa-22680856

abortion clinic adoption child trafficking Algeria abortion

shared by ccfuentez on 10 Feb 16 - No Cached
  • Thirteen people have gone on trial in Algiers, accused of trafficking an unknown number of Algerian children to the French city of Saint-Etienne.
  • The security services reportedly discovered 12 "adoption certificates" at a nursery in the Algiers suburb of El-Biar written between 2005 and 2006, with nine children sent abroad for a sum of money.
  • ccfuentez on 10 Feb 16
     
    Dr. Khelife Hanouti is accused of running an illegal abortion clinic in Algeria. He is also involved in falsifying "disclaimer" documents signed by single mothers and illegally transferring children abroad. He is also involved in kidnapping twin girls and selling them to a couple in France.
wmulnea

How ISIS Is Wrecking Iraq's Biggest Industry - Business Insider - 0 views

www.businessinsider.com/-iraqs-biggest-industry-2014-9

shared by wmulnea on 02 Mar 15 - No Cached
  • 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.
  • ...8 more annotations...
  • 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.
sgriffi2

50 Shades of Grey will not be released in Egypt - 0 views

http://www.dailynewsegypt.com/2015/02/09/fifty-shades-grey-film-boycotted-domestic-violence-anti-por...The best-selling, yet highly controversial movie will not be released in Egypt anytime soon. D...

#women #womensrights #movies #film #culture #egypt #world

started by sgriffi2 on 14 Feb 15 no follow-up yet
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.
wmulnea

Saudis block OPEC output cut, sending oil price plunging | Reuters - 0 views

uk.reuters.com/...-meeting-idUKKCN0JB0M420141127

shared by wmulnea on 05 Feb 15 - No Cached
  • This outcome set the stage for a battle for market share between OPEC and non-OPEC countries, as a boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down by about a third since June.
  • Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low.
  • "It is a new world for OPEC because they simply cannot manage the market anymore. It is now the market’s turn to dictate prices and they will certainly go lower," said Dr. Gary Ross
  • ...6 more annotations...
  • and Algeria had calling for output cuts of as much as 2 million bpd.
  • The wealthy Gulf states have made clear they are ready to ride out the weak prices that have hurt the likes of Venezuela and Iran
  • hoped that lower prices would help drive some of the higher-cost U.S. shale oil production out of the market.
  • The Organization of the Petroleum Exporting Countries accounts for a third of global oil output.
  • A price war might make some future U.S. shale oil projects uncompetitive due to high production costs, easing competitive pressures on OPEC in the longer term.
  • "We interpret this as Saudi Arabia selling the idea that oil prices in the short term need to go lower, with a floor set at $60 per barrel, in order to have more stability in years ahead at $80 plus," said Olivier Jakob from Petromatrix consultancy.
  • wmulnea on 05 Feb 15
     
    This article suggests that OPEC is losing control of global oil prices. The article addresses budget considerations for smaller OPEC producers, like Venezuela, and the battle over market share between OPEC and gulf producers.
ysenia

Debating the Iran nuclear deal: A former American negotiator outlines the battleground ... - 0 views

www.brookings.edu/...al-battleground-issues-einhorn

politics iran american deal

shared by ysenia on 15 Feb 16 - No Cached
  • They will prevent Tehran from using the $100-plus billion in previously frozen oil revenues that will be released under the JCPOA to go on a buying spree next year for advanced conventional weaponry and ballistic missile technology. Although Iran will seek to evade the renewed restrictions, Russia and China voted for them and, together with other U.N. members, will be bound to enforce them. Although the arms embargo does not cover all categories of arms (air defense systems such as the S-300 are not included), neither Russia nor China is expected to sell Iran the weapons that are covered, such as high-performance aircraft.
  • ysenia on 15 Feb 16
     
    American Negotiator goes in depth about the long-term effects of the Iran Nuclear Deal. Outweighing the pros and cons of the situation and predicting the outcome.
cthomase

In Libya, you can buy an anti-aircraft gun on Facebook - 0 views

qz.com/...-anti-aircraft-gun-on-facebook

war revolution Libya weapons

shared by cthomase on 07 Apr 16 - No Cached
  • cthomase on 07 Apr 16
     
    In Libya, Facebook isn't just for likes, pokes, shares or posts; you can also buy weapons, and not just guns or knives, but heavily artillery and anti-aircraft guns. Private Facebook groups run by militias are selling left over arms and ammo from the Gaddafi regime.
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