The Biden administration was concerned and reportedly cautioned the Emirati leadership that a Chinese military presence in the country could jeopardise bilateral relations. The alleged construction was reportedly suspended after a series of talks and visits by US officials. US intelligence agencies found out this spring that China was secretly …
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Greece Is Reshaping the Eastern Mediterranean Region
Developments in the Eastern Mediterranean region are unfolding at a breakneck pace. Blink an eye and one is bound to miss a new multilateral initiative, an impressive military exercise or even the creation of an international organization. Greece is very much in the middle of this diplomatic and military frenzy, …
Read More »How OPEC Shook Off a Historic Crash to Successfully Stabilize Oil Markets
The global clout of OPEC, never one of the world’s most admired institutions, reached a nadir in April when a dispute between Saudi Arabia and Russia triggered a price war just as global oil demand was collapsing due to the coronavirus pandemic. Three months later, the cartel has re-emerged as …
Read More »Kremlin Raises Rhetoric After U.S. Cites ‘Real Concerns’ Over Russian Military Buildup Near Ukraine
The Kremlin has gone on a verbal offensive amid Western concerns over its military buildup near Ukraine, while stressing the importance of an unconfirmed Russian-U.S. presidential summit Moscow says is in the works. The Kremlin responded harshly on November 21 to U.S. Secretary of State Antony Blinken saying a day …
Read More »A Political Crisis Threatens to Derail Guyana’s Oil Boom
Despite growing signs of a dramatic and global economic downturn stemming from the coronavirus pandemic, the small South American country of Guyana appears poised for a period of spectacular economic growth. In its recent semiannual report on Latin America and the Caribbean, the World Bank forecasts a 4.6 percent contraction …
Read More »How a Huge New Gas Pipeline Boosts Russia’s Strategic Entente With China
Natural gas started flowing from Russia to China for the first time on Dec. 2 when Russian President Vladimir Putin and China’s leader, Xi Jinping, officially launched the initial phase of a huge new pipeline known as the Power of Siberia. Gazprom, Russia’s state-owned energy giant, claims it is expected …
Read More »Will Either Macron or Erdogan Back Down in the Eastern Mediterranean?
French President Emmanuel Macron has clearly decided to up the ante in a standoff with Turkey in the Eastern Mediterranean, where France is backing Greece and Cyprus in their dispute with Ankara over natural gas reserves and maritime boundaries. First, Macron ordered a temporary reinforcement of French aerial and naval …
Read More »Will Oman’s New Income Tax Be the Start of a Political Sea Change in the Gulf?
In early November, Oman’s government announced plans to institute an income tax on high earners by 2022. The policy will break precedent in the oil-rich Gulf, where states tend to pay their citizens, rather than requiring citizens to pay the state. The question now is whether this decision will fundamentally …
Read More »Poland’s Attack on Press Freedoms Is Facing a Major Backlash
In mid-August, Poland’s ruling right-wing Law and Justice party, or PiS, introduced a bill that would ban non-European ownership of Polish media properties. Detractors saw a blatant attack on TVN, the biggest independent television news source in the country and frequent PiS critic, which is owned by U.S. media conglomerate …
Read More »The Afghanistan Debacle Is Another Step Toward ‘Fortress Europe’
The collapse of the Afghan government over the weekend, culminating in the Taliban’s entry into Kabul and declaration of an Islamic Emirate of Afghanistan, stunned most observers with its rapidity, even if the outcome itself was not a surprise. Ever since it became clear that U.S. President Joe Biden would …
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