The payment in non-US dollar denominated currency helps alleviate Pakistan’s balance of payments crisis and furthers the broader trend of de-dollarization in developing nations Pakistan paid for its first imports of discounted Russian crude oil in Chinese currency, Reuters reported on 13 June, marking a significant shift in the south …
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Weapons of the West Bank resistance: Where do they come from?
Israel is concerned about increased weapons proliferation among Palestinian resistance groups, focusing on smuggling from Jordan. However, these weapons may be coming from a source ‘closer to home.’ On 22 April, Israeli occupation authorities apprehended Jordanian parliamentarian Imad al-Adwan at the Allenby Bridge crossing. But this was no ordinary arrest. …
Read More »The waiting game: How the US sabotages Lebanon’s energy security
In an exclusive interview with The Cradle, Lebanon’s Energy Minister Walid Fayyad addresses the country’s energy shortage dilemma: Receive Iranian oil and risk US sanctions, or wait indefinitely for a purposely delayed US-backed initiative. “For almost 30 years, Lebanese authorities have failed to properly manage the state-run electricity company, Électricité …
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