The moment long feared is fast approaching in Gaza, according to a new report by the World Bank. After a decade-long Israeli blockade and a series of large-scale military assaults, the economy of the tiny coastal enclave is in “freefall”. At a meeting of international donors in New York on Thursday, coinciding with the annual…
The companies leading the development of Israel’s offshore gas reserves have announced a deal that lifts one of the last major obstacles holding up the exportation of Israeli natural gas to Egypt. Noble Energy and its Israeli partner Delek, along with Egyptian East Gas Company, bought a 39 percent stake in East Mediterranean Gas (EMG), the…
The rising African Great Power of Ethiopia might prospectively export electricity to Saudi Arabia upon the completion of its Grand Renaissance Dam and thus become the next de-facto member of the GCC+. “Friendly Competition” The Gulf Cooperation Council Interconnection Agency’s (GCCIA) Ahmed Ali Al-Ebrahim told Climate News that the regional integration organization will undertake a…
A Financial Action Task Force (FATF) report criticizing Saudi Arabia’s anti-money laundering and terrorism finance measures puts the kingdom on the spot 17 years after the 9/11 attacks and casts a shadow over its diplomatic and economic boycott of Qatar on the grounds that the Gulf state supports militants. In a nod to the kingdom,…
“Just because you are paranoid does not mean they aren’t after you.” Fifty seven years after Joseph Heller wrote his anti-war classic Catch 22, this could be the motto of the man who runs Egypt. Paranoia has become more than a state of mind for the officer who once cringed before his superiors and who…
America’s Establishment – the military-industrial complex During his final address as President of the United States of America, General Dwight D. Eisenhower warned of the development of a military-industrial complex in the following way: “This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence…
