Islamic finance will help Russian companies make up for their credit shortage, which was in large part caused by the cooling of relations between Russia and the West. Russian banks are already showing interest in this alternative form of credit. Islamic finance could help Russian companies hit by …
Read More »Head of Russia’s Rosneft says U.S., not OPEC, Rules Oil Markets
ST PETERSBURG — Igor Sechin, the head of Russia’s top oil producer Rosneft, said on Wednesday the United States is calling the shots on global oil markets, while the influence of OPEC has shrunk. The United States emerged with renewed vigor as a top producer thanks to its shale boom. By refusing to curb its output to prop up oil prices, OPEC …
Read More »Russia’s St. Petersburg Forum Opens to New Economic Reality
Last year, Russia’s flagship economic forum in St. Petersburg, traditionally held in June, was moved forward to May to make room for a meeting of the G8 group of industrial nations in the Russian resort town of Sochi. The meeting in the host city of the 2014 Winter …
Read More »The War of Ideas: Does it Exist? Can it be Won?
Russia is rattling its saber. China roams around the South China Sea. Here we go again. According to some, we are said to be “at war.” Thankfully, for now it is just a “war of ideas.” That is intended to offer some comfort. But even accepting this premise, …
Read More »From Greater Europe to Greater Asia? Toward a Sino-Russian Entente?
The rupture between Russia and the West stemming from the 2014 crisis over Ukraine has wide-ranging geopolitical implications. Russia has reverted to its traditional position as a Eurasian power sitting between the East and the West, and it is tilting toward China in the face of political and …
Read More »Yemen: The SIlent Slaughter
“There are shortages of food, cooking gas, fuel and drugs…The health system is collapsing. Patients with chronic diseases cannot get their drugs, bodies are on the streets, and the city is an open dump with trash covering the streets….It is extremely important to lift the blockade on food …
Read More »Morsi’s Death Penalty and the Future of Al Sissi
The death penalty given to former Egyptian President Mohamed Morsi and all the leaders of the Muslim Brotherhood (MB) will certainly lead to an increase in violence, hence an additional tightening of security measures in Egypt. One day after a judge issued the mass death sentence for the …
Read More »US Considering an `Al-Sisi’ Option for Libya
The Pentagon and US intelligence community are weighing what is referred to as an “Al-Sisi Option” for Libya, as the June 17 deadline for a United Nations-brokered cease-fire and unity government deal nears, with no sign of a diplomatic breakthrough. The United Nations Support Mission in Libya, headed …
Read More »How Ramadi was Politically Sold: ISIL’S Next Step Maybe Baghdad
The fall of Palmyra just after Ramadi emphasized the impression that ISIL regained the momentum, hence will help the organization recruit more fighters. Yet, the story of the fall of Ramadi is totally different than that of the fall of Palmyra. The current ISIL offensives extends from Ramadi …
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