Tag Archives : Middle Eastern oil

A weak and uncertain statement from the UAE has stoked ‘fears of tension between emirates,’ The panic question among businessmen in the region is whether Dubai will default or not. Some investors are quick to defend the emirate. According to Thani al-Falaasi, a businessman in Dubai, “Only a few decades ago, this country was nothing, just a desert. [...]

Turkey has finally loosened its alliance with the West and ‘turned its focus toward its former Ottoman neighbors in Asia and the Middle East.’ Pursuing this trend, ‘it will be as strategically significant for the balance of power in the region as the emergence of Iran as a preeminent power thanks to the collapse of the Soviet Union and the later [...]