It is not entirely clear yet when and how the Cyprus banking crisis will be resolved. But what is clear is that numerous institutional and individual Russian clients of at least two of Cyprus’ largest banks will incur serious losses because of frozen and lost assets. What lessons for the future can be learned already? The Cyprus banking crisis revealed just how deeply Russian business […]
So has the time finally come when America and its allies will take action, send in the bombers, declare a no-fly zone? It seems not. For there is a matching shout from the West: “It’s Iraq all over again.” Indeed, if there are any polls suggesting intervention would be a vote-winner, governments across the world […]
Saudi Arabia’s Nitaqat law, designed to localize labor, could cost hundreds of thousands of expatriates their jobs. The prospect of unemployment and even deportation has triggered a wave of anxiety among Indian expatriates in the desert kingdom. Read Here – The Diplomat
As the great research ship Chikyu left Shimizu in January to mine the explosive ice beneath the Philippine Sea, chances are good that not one of the scientists aboard realized they might be closing the door on Winston Churchill’s world. Their lack of knowledge is unsurprising; beyond the ranks of petroleum-industry historians, Churchill’s outsize role in the history […]
The White House finally made it official last week: Yes, the civil war in Syria is a slippery slope and yes the US is on it. Nobody in the Obama administration actually used those words, of course, but if you paid attention to what officials said, it was clear that President Barack Obama has reluctantly […]
Turkish self-confidence is high these days – perhaps higher than ever in the history of the modern republic founded by Mustafa Kemal Ataturk. Ataturk envisioned a pro-western and strictly secular nation-state that would look towards “contemporary civilizations” –that is, Europe –and turn its back on 500 years of coexistence with Arabs. Today’s Turkish leaders yearn […]
First, and most importantly, while Obama seems willing to go to war with Iran, if he feels he must, he appears far from eager to do so. When George W. Bush talked about finding a peaceful solution to America’s stand-off with Iraq, one that would not involve regime change or the use of force, it […]
Global military spending fell for the first time since 1998 despite spending increases in Russia and China, according to the Stockholm International Peace Research Institute’s (SIPRI) annual report,which was released on Monday. “Global military expenditure fell in 2012, to $1753 billion, equivalent to 2.5 percent of global gross domestic product (GDP). Although the fall was only 0.5 percent […]
In a few weeks’ time, Japanese Prime Minister Shinzo Abe will visit Saudi Arabia with an avowed objective of fostering the cordial relationship between the two countries. That is exactly where the relationship has always been — cordial and businesslike without cultivating strategic opportunities. The relationship between the two countries has been dominated by trade except for […]
The Arab world has to listen to the voice of its youth. This is the generation that will determine the future of the region as much in how it will be attained. The Arab youth is a factor that cannot be ignored or sidelined as their strength is in their numbers, aspirations and voice. A […]
looking beyond borders 