EMerging Equity
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The Money Trail: How the U.S. Fostered Yemen’s Separatist Movement
By Sputnik News As Saudi Arabia and its allies have begun the bombing campaign against Yemen, in the south, a separatist movement calling for a “State of South Arabia” is emerging. Fostered by the US, it will leave the Houthis with two hostile states at their borders and locked access to the sea, if it … Continue reading
Saudi Arabia, Gulf Allies Launch Military Operation In Yemen As Civil War Ignites Regional Firestorm
Saudi Arabian forces, joined by nine other Gulf Arab allies, have launched a military operation in Yemen against Shiite Houthi rebels, the Saudi ambassador to the U.S. said. According to Ambassador Adel al-Jubeir, the military operation in Yemen started at 7 p.m. EST (11 p.m. GMT) on Wednesday night. Adel al-Jubeir said that Saudi Arabia … Continue reading
Qatar Reforms Budget Policy, Pushes Back Fiscal Year End
Qatar’s emir, Sheikh Tamim bin Hamad Al -Thani, issued a law Tuesday on the financial system of the State that will push back the end of fiscal year 2014/2015 for the General State budget to December 31 from March 31, the official Qatar News Agency reports. The new financial system law will also give additional power to the … Continue reading
Saudi Arabia: Next In The Crosshairs Of The Islamic State
By Chris Zambelis The meteoric rise of the Islamic State of Iraq and Syria, which has since styled itself the Islamic State in an affirmation of its broader aspirations of dominion over a self-declared caliphate beyond the territories where it exercises control, has aggravated the Middle East’s already treacherous geopolitical landscape. Having emerged out of conflict … Continue reading
Turkey: Turning Towards A Full Eurasian Pivot?
By Andrew Korybko, Sputnik News Turkey’s flirtation with purchasing non-NATO-compatible Chinese missiles to complement its planned air defense system indicates that Ankara may be preparing for a grander non-Western policy pivot in the future. As it stands, Turkey is officially deliberating between purchasing Chinese, American, or French missiles for its air defense system, but the fact that military products … Continue reading
Saudi Arabia Pressured Putin To Abandon Support For Assad In Return For Oil Production Cut, NYT Says
According to the New York Times (NYT), Saudi Arabia had promised to cut oil production if the Kremlin agreed not to support Syrian President Basharal al-Assad. The NYT reported that Saudi Arabia was pressuring Vladimir Putin to abandon his support for Syrian President Basharal al-Assad, however an agreement has yet to be met. In November of … Continue reading
How Long Can Gulf Nations Endure Low Oil Prices?
By Jennifer Hunt University of Sydney In his first royal decree, Saudi Arabia’s newly crowned King Salman announced two-month bonuses for state employees, pensioners, students, and recipients of social service programs (that is, everyone in the country with a Saudi passport). It adds billions of dollars’ worth of spending to a budget already hit hard … Continue reading
Lead From Behind: How Unipolarity Is Adapting To Multipolarity – OpEd
The U.S. is constructing a global system of bilateral and multilateral alliances to assist it in more efficiently projecting power throughout the 21st century. As the world moves towards multipolarity, the U.S. is prepared to exploit this trend to its geopolitical advantage. . By Sputnik News, Andrew Korybko Instead of ‘going it alone’ as Bush was prone … Continue reading
Who Gains And Who Loses From Plunging Oil Prices In The Middle East And North Africa Region?
By The World Bank Judging by the futures market, where the price of oil for delivery in August 2015 is US$56 per barrel, there is little optimism about a recovery in oil prices. With cheap oil looking like it is here to stay, the latest Quarterly Economic Bulletin offers a breakdown by country of the … Continue reading
Learning To Live With Cheaper Oil In The Middle East – IMF
By Masood Ahmed The steep decline in global oil prices, by 55 percent since last September, has changed the economic dynamics of oil exporters in the Middle East and North Africa. Our update of theRegional Economic Outlook, released yesterday, shows that these countries are now faced with large export and government revenue losses, which are … Continue reading
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