Two oil tankers Minerva Joy and the United Kalavrvta seem to symbolize the future of Iraq and whether it will remain a unified entity or will break up.
In both cases Turkey and the US will play a significant role.
August 18, 2014
Fortaleza city in Brazil, which hosted some World Cup games this year, was also the venue that embraced the recent BRICS summit. BRICS delegates decided to set up The New Development Bank (NDB), which many see as rivaling the World Bank (WB).
July 20, 2014
The recent OPEC meeting was a non-event to the extent that most of the world media failed to show up to cover the meeting. No wonder.
A roll over of the existing 30 million barrels per day (bpd) was expected and what happened was exactly like before in similar meetings.
June 20, 2014
The European Central Bank’s (ECB) recent unprecedented decision to cut interest rates to below zero for the first time ever reflects the deep economic and financial crises engulfing the whole euro zone. The move also highlights one of the main goals of levying zakat to combat hoarding.
June 11, 2014
Qatari officials felt greatly dismayed when they discovered that, unlike their fellows in other Gulf countries, their emirate has more gas resources than crude oil. That was in the 1970s when oil was in the limelight on the world stage.
June 07, 2014
The message one gets from reading the latest report released by the International Monetary Fund (IMF) on the Saudi economy according to the article four of consultation with member countries is that it continues to be ‘strong’ and that it has replaced its previous two worries with new ones.
May 26, 2014
Once again the world looks around and calls on OPEC to be ready and pump more oil to compensate for possible supply shortage and ease the tight market, thus confirming its position as supplier of last resort able to meet a1.4 percent increase in demand this year to average a record 92.8 million b
May 22, 2014
Despite the upbeat tone that generally speaking Arab economies are moving forward, the gist of the recent talk of Chrstine Lagarde, managing director of the International Monetary Fund (IMF), in Morocco, raises alarm on the need to know more about our societies to be able to provide solutions to
May 11, 2014
Around 1.5 million barrels of oil produced by Kurdistan region stored in Turkish port of Ceyhan and waiting marketing seems to be one of the major factors that will decide on the political future of Iraq.
May 04, 2014
It is no longer Occupy Wall Street movement or some groups demonstrating in Washington DC’s Pennsylvania Avenue, where the two Bretton Woods institutions — the World Bank and the International Monetary Fund (IMF) — are located.
April 27, 2014