Europe/Middle East

  • Iraq: Mixed Opportunities, Messy Outlook? (Part I: The Road To Entrapment)

    Iraq: Mixed Opportunities, Messy Outlook? (Part I: The Road To Entrapment)

    The Iraqi economy has gone through a roller coaster of changes for the last sixty years. In the first part of our analysis, we explore how Iraq fundamentally changed from an agricultural-based economy to one that relied solely on oil. We also question how this reliance on oil shaped the aftermath of Iraq’s economy and society after the Iran-Iraq war as well as the first Gulf war.

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  • Egyptians Will Not Settle For An Incomplete Revolution: Mohamed El-Erian

    Egyptians Will Not Settle For An Incomplete Revolution: Mohamed El-Erian

    Exactly one year ago, as the World Economic Forum convened in Davos, Egyptians took to the streets in a relatively peaceful protest to overthrow a regime that had ruled over them with an iron fist for 30 years. Today, their revolution is, unfortunately, incomplete and imperfect, but make no mistake: Egyptians will finish what they started.

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  • Iraq Desperately Seeking Investors as the US Withdraws

    Iraq Desperately Seeking Investors as the US Withdraws

    Is the United States leaving Iraq for good, or are they leaving them in the lurch? As Iraqis celebrate the departure of the last American convoy, Iraq’s security and economy remains extremely vulnerable. President Obama has said that Iraq will grow faster than India and China, but can, and will Iraq warm up to economic cooperation with the United States?

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  • Russia’s Roulette: Will Moscow Risks Its Relationships With The US & Europe?

    Russia’s Roulette: Will Moscow Risk Its Relationships With The US & Europe?

    Russia appears to be playing a dangerous game in its relationships with the US and Central Europe. Moscow’s strategy involves using crises with the United States to create uncertainty in Central Europe and to make the Europeans uncomfortable over perceptions that the United States has forced Russia to act the way it is acting. But, if Moscow takes its aggressive moves too far, it could spark a backlash from both sides.

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  • Could A Gulf War III Erupt Between Iraq And Kuwait Over Oil?

    Could A Gulf War III Erupt Between Iraq And Kuwait Over Oil?

    Though more than 20 years have passed since Saddam Hussein led Iraq in invading Kuwait, eventually sparking the First Gulf War, conflicts over the two countries over the 10 oil fields that spread across the Iraqi-Kuwaiti frontier still remain. Once again, both countries are throwing accusations at each other, with Iraqis complaining that Kuwaitis have been “stealing” their oil, while Kuwait alleges that Iraqi companies are extracting oil from Kuwaiti oil reserves. Will there be a third Gulf War?

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  • UK’s Alarming Apathy Towards Its Banking Sector’s Criminality

    UK’s Alarming Apathy Towards Its Banking Sector’s Criminality

    The UK’s financial regulatory bodies have shown a surprising "hear no evil" attitude to criminality in its banking and financial sector. At times, the financial regulators almost seemed to want to pretend that criminality and fraud didn't, or couldn't exist in the domain they are supposed to police. Unless this issue is addressed, London risks losing its mantle as a world leading financial centre.

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  • Will Germany Regret Going Non-Nuclear?

    Will Germany Regret Going Non-Nuclear?

    The fallout from the Fukushima nuclear disaster left the entire world running scared. Germany, for instance, announced that they would be shutting down all of its 18 nuclear power plants by 2022, choosing to rely on renewable energy sources and traditional coal-fired plants in the future instead. But the cost of utilising renewable energy sources will be great. Apart from having to actually invest into the technology, Germany could also face opportunity losses that would harm its long-term economic planning.

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  • Haven and Hell: Norway’s Looming Economic Dilemma

    Haven and Hell: Norway’s Looming Economic Dilemma

    13 September 2011.

    The Norwegian economy has thus far shown remarkable resilience to the global financial crisis. The Norwegian krone is seen as a reliable currency, while many investors consider Norway as a “safe haven” to park their cash. Yet, the surge in the value of krone may lead to economic problems in the future. Will Norway’s “safe haven” status negatively impact its economic health?

    Few countries have been as well-cushioned from the global economic crisis as Norway.

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