The island of Cyprus has been divided since 1974 when the political and ethnic differences between the Greek-Cypriots and Turkish-Cypriots came to a head in a coup inspired by the military junta ruling in Greece and the subsequent invasion of the island by the Turkish army. Over the last 42 […]
Energy prices have fallen sharply in the last 18 months and oil is likely to hover around $50 a barrel for the foreseeable future. Gas prices too have plunged to a point where developing the East Mediterranean gas finds hardly seems worthwhile, as energy expert Charles Ellinas told a recent […]
The international community is struggling to help Libya craft a new unity government acceptable to all the warring factions – and its two existing governments. The country’s institutions meanwhile are trying save the nation from total economic collapse. Responsibility for administrating Libya’s investments falls on the Libyan Investment Authority (LIA), the state sovereign wealth fund, whose executives and representatives recently […]
“Erdonomics” is a pretty straightforward concept – cut interest rates, watch consumption gear up, and all other pieces will fall into place. But “all those other pieces” are what Turkey’s President Tayyip Erdogan and his economic advisers underestimate – current account deficit, high inflation, households in debt from the Bosphorus to eastern Anatolia.
The energy potential of the East Mediterranean is enormous – more than 35 trillion cubic feet of natural gas have been found, most of it in Israel’s offshore waters. Much more could be found in the area if the US Geological Survey’s estimate of 122 trillion cubic feet of gas and several billion barrels of […]
NATO members will meet in Warsaw this summer as security issues for the Western military alliance are approaching critical mass. Confronted with a resurgent Russia and wars along its eastern and southern flanks, NATO must now adapt to the new realities without jeopardizing security elsewhere. A new report by the German Marshall Fund […]
“Not a pretty picture,” is how one political analyst described Turkey’s latest debacle to Global Sources Magazine. On March 4 the government stormed the offices of the country’s largest circulating newspaper Zaman and its English-language sister Today’s Zaman. These moderate conservative dailies have been critical of President Recep Tayyip Erdogan and his Justice and Development Party […]
Violence between the Turkish army and the Kurdish Workers’ Party (PKK) is relentless in southeast Turkey and is only expected to get worse as the weather improves. Global Sources Magazine has learned that the Turkish army is using heavy ordnance against rebels in the Kurdish cities where fighting has raged since last autumn. The Turkish […]