Mediterranean

Greek fleet faces taxing times

Greeks and ships are the stuff of ancient myths and modern fortunes, making it difficult to imagine a large-scale exodus of shipping companies from Greece, where the world’s largest merchant fleet is registered. But a looming sea-change in the country’s tax laws may serve as a catalyst for just that, […]

Erdogan knows best

Suicide-bomb blasts in Ankara on October 10 killed around 100 people and wounded hundreds more, making it the worst terrorist attack in Turkey’s history. With each violent incident, whether on the country’s streets or with the PKK along the southeast border, Turks become more apprehensive about the motives of President […]

Eni’s East-Med game changer

THE phrase ‘game-changer’ was used often for East Mediterranean energy prospects. That was before Israel slammed into a regulatory brick wall and Cyprus discovered a couple of dry holes – never mind Lebanon’s political imbroglio and its stalled licensing round. But then Eni found the huge Zohr gas field in Egypt’s offshore […]

Israel cabinet yields to gas cartel

Bureaucratic regulatory shenanigans in Israel all but killed development of the country’s vast offshore gas fields this year. Chief editor and energy expert Gary Lakes reports on a controversial blueprint that has now emerged from a shambles that caused Huston’s Noble Energy to down tools, Australia’s Woodside Petroleum to stomp away from a […]

The Mediterranean Islamic State

Tunisia gave birth to the Arab Spring and became the only Arab country to establish a democracy after overthrowing its dictatorship. Now, this year, it has suffered two murderous attacks against foreign tourists carried out by Islamic State in Libya. Chief editor Gary Lakes investigates this new branch of the deadly […]

Erdogan’s ballet-box ballet

Turkey’s politicians have until late August to form a coalition government. The ruling AKP lost its majority and must now trade with political partners with strongly divergent views. Failure would probably mean new elections, but for President Erdogan, that’s a risk that just might be worth while. Chief editor Gary […]

Hope rebounds for East-Med energy

Energy euphoria in Cyprus and Israel quickly fizzled out in gloom, dry wells and acrimonious political and business wrangling. Now however, Global Sources chief editor Gary Lakes discovers that Aphrodite is back, and commercial, and has plans. The wily goddess has a new smile and yes, new energy. IN Cyprus […]

No more Babacans

Ali Babacan, deputy prime minister of Turkey, has been the steady hand on the country’s economy. His presence has reassured markets and investors, but he will not be in the next government. In this special report for Global Sources Magazine, Markus Bernath, a correspondent for Der Standard and Europolitics, surveys […]