Results for Tag: Energy
However, despite this smoothing of tensions, somewhat serendipitously, thawing Turkish-Israeli relations provide both countries with a level of economic insurance in the midst of continued regional turmoil. Part of the initial negotiations between Turkey and Israel included a natural gas pipeline under the Mediterranean, presumably intended as a foil against a total break with Russia. Economics is just as much a driver of this rapprochement as politics, and animosity is a luxury that neither can afford.
In addition to the technical and financial problems, the electricity crisis in Gaza is political. Gazans are angry mainly because they feel that political wrangling between the PA in Ramallah and Hamas in Gaza, coupled with the Israeli blockage, are making their lives unbearable. The protests expressed their rejection of the status quo and sent a strong message to Hamas that the current situation is untenable.
Sheikh Mohammed was keen to initiate reforms and transform Dubai into an international trade and tourist hub while also making it less reliant on dwindling oil reserves. He thus launched several initiatives to further the emirate’s modernization and development process. Known as a man generally not satisfied with the status quo, Sheikh Mohammed’s first shake-up as prime minister came in April 2007, when he announced a strategic review of the UAE’s governance at both the federal and local government levels.
Haftar has now secured a place in Libya’s political transition, and his demands – becoming the head of a new unified Libyan army under a central government and keeping the army out of civilian hands – will perhaps be met in future political negotiations. Consequently, the fate of the GNA, and by extension Libya’s peace and unity, looks increasingly uncertain.
Saudi Arabia’s new assertiveness has been linked in the first place to the growing influence of the king’s 30-year-old son and deputy crown prince, Mohammad bin Salman. Prince Mohammad has been accumulating power since he was appointed minister of defense immediately after his father became king. He has also dominated economic policies, rocking the commodities world by announcing the creation of a $2 trillion megafund to make the country less depend on oil.