Economics

The rapid rise of the AIIB was foreseeable: the world’s emerging economies got really frustrated when the US-dominated Bretton Woods institutions disregarded them as a “group of banana republics,” F. William Engdahl noted. Washington’s policy makers have been ignoring the needs of the world’s emerging economies for too long, treating …

The initiative to set up the AIIB was announced in 2013 by Chinese President Xi Jinping and Premier Li Keqiang. In October 2014, 22 Asian states signed a Memorandum of Understanding to establish the AIIB with the headquarters in the Chinese capital of Beijing. According to the AIIB …

The US Air Force base in Ramstein is a central and indispensible element in Barack Obama’s controversial use of drones in the war against terror. New documents are creating pressure for both Washington and the German government. Knowledge is power. Ignorance often means impotence. But sometimes ignorance can …

By Susanne Koelbl in Baghdad In a SPIEGEL interview, Iraqi Prime Minister Haider al-Abadi discusses his disappointment over delayed American support in Baghdad’s battle against the Islamic State and why it remains so difficult to prevail over the terrorist organization. Iraqi Prime Minister Haider al-Abadi, 62, sits on …

BY MICHELLE WITTE President of Kazakhstan Nursultan Nazarbayev, who was announced the winner of the country’s presidential election early morning on April 27, expressed his “grand satisfaction” at the country’s record-breaking voter turnout and said it was important to him to get a fresh mandate from the people …

Data centre space in the UAE and Saudi Arabia have increased by 60 per cent since 2012, stated a report from Tariff Consultancy Ltd (TCL). The report was made after a study was conducted across all six GCC countries, Israel and Jordan. Along with Israel, the UAE and …

The last 11 months have been an unlikely journey for oil, with its widely unanticipated price dive, Saudi Arabia’s uncharacteristic refusal to stem the bloodletting, and financial havoc for petro-powers and energy companies.  But as improbable as the journey has been, it is not over. A number of …

Foreign terrorist fighters joining the ranks of Islamic State and other militias in the Middle East are a growing threat to many countries, inside and outside the EU. On this backdrop, the EU Commission is launching a new program to help partner countries to counter radicalization in the …

Egypt’s Muslim Brotherhood is rising again under young new leaders despite the sentencing of former president Mohamed Mursi and the widespread jailing of its members, one of its senior figures has said. Mursi was sentenced to 20 years in prison without parole last week on charges arising from …