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Troubled Waters: GCC Internal Schisms In The Spotlight Again
...fers of assistance from other quarters. Turkey has pursued similar objectives to Qatar since the “Arab Spring” began in 2011, with both supporting Islamist groups across the region. It has moved rapidly to back Qatar, passing legislation on 7 June to permit the deployment of troops to the emirate in...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Algeria: Government Reshuffled But Course Unchanged
...rengthened its grip on the much-feared state security service. When the tremors of the Arab Spring reached Algeria in early 2011, demonstrations of a few dozen people in Algiers were met with more than 30,000 security personnel. BOUTEFLIKA: NOT MOVING That is not to say there are not risks to st...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Egypt Seeks Virtuous Output Circle: Reserves Up, Dues Down, More Output
...proved its external financial position. The country’s foreign reserves hit $31.1bn at end-May (see chart 1), the highest level since 2011 when investment collapsed in the wake of the revolution overthrowing Husni Mubarak. Reserves rapidly halved from the $36bn end-2010 level and struggled to break above $20...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Sanctions: Tehran Tries To Come In From Cold As US Threatens To Turn Up Heat
...ough there remains some way to go. Crude exports to the EU were worth $4.57bn in 2016 according to figures from the European Commission compared to $23.5bn in 2011, when oil prices were of course substantially higher (MEES, 7 April). …BUT INVESTMENT STALLED… The biggest Iranian energy de...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017