Western Asia

This tag is associated with 44 posts

Turkey’s New Central Bank Governor Must Walk Political Minefield

By Iain MacGillivray Turkey’s former Central Bank Governor Erdem Başçi has bowed out from his position after five years in the job, leaving behind an interesting financial legacy amid growing political pressure from the ruling government. While Başçi managed to keep the Palace at bay and interference minimal, the appointment of his successor Murat Çetinkaya, a … Continue reading

Turkey’s Election Turmoil: A Plague Upon The House Of Erdoğan

By Conn M. Hallinan As Turkey gears up for one of the most important elections in its recent history, the country appears, as one analyst noted, to be coming apart at the “seams”: Longstanding tensions with the country’s Kurdish population have broken out into open war. A Kurdish-led left political party is under siege by rightwing … Continue reading

Persia’s Approaching Gold Rush

By Pepe Escobar You may have heard of the N-11. Yes, it’s another clever Goldman Sachs concoction, to the benefit of that prized specimen – the “global investor”. These are the next BRICS, the new emerging powers. The N-11 is made up of: Bangladesh, Egypt, Indonesia, Iran, South Korea, Mexico, Nigeria, Pakistan, Philippines, Turkey and Vietnam.  Some … Continue reading

How The Iran Deal Will Affect Oil Markets In The Long Term

By Stratfor Global Intelligence ​Iran will offer joint venture contracts to attract international energy companies, which will give the country some advantage over Persian Gulf producers. Tehran will need more than five years to achieve its goal of producing 6 million barrels per day. Legal requirements imposed on foreign firms in Iran will still make operating in … Continue reading

Hopes High In Pakistan To Solve Energy Crisis With Iran-Pakistan Pipeline, Following Landmark Nuclear Deal

Pakistan is hoping to benefit from a historic nuclear deal that Iran and six major world powers (P5+1) reached on Tuesday, following over a decade of negotiations with an agreement that could transform the Middle East. Pakistan has been struggling with an energy crisis as rolling blackouts for several hours a day are common in its urban and rural areas … Continue reading

Historic Iran Nuclear Deal Resets Eurasia’s ‘Great Game’

By Pepe Escobar, Asia Times This is it. It is indeed historic. And diplomacy eventually wins. In terms of the New Great Game in Eurasia, and the ongoing tectonic shifts reorganizing Eurasia, this is huge: Iran — supported by Russia and China — has finally, successfully, called the long, winding 12-year-long Atlanticist bluff on its “nuclear … Continue reading

Iran To Build 48 Hydroelectric Power Plants In Indonesia Over Next Five Years

Iran and Indonesia have agreed to build 48 small-scale hydroelectric power plants as the two nations look to improve ties that have been hindered by sanctions over Tehran’s nuclear program. The hydroelectric power plants will be constructed in Indonesia by Iranian companies over the next five years, Iran’s Energy Minister Hamid Chitchian said following a conference with Indonesia’s Economy … Continue reading

What Are The Implications Of The “Saudi Reshuffle”?

By Petr Lvov Now that the initial wave of disputes over the major overhaul of Saudi government that occurred on April 29 settled down, one can take a closer look at what these changes can actually mean for the future of the region. As you must already know, early in the morning on April 29 Saudi … Continue reading

The Pentagon’s “Long War” Pits NATO Against China, Russia, Iran – OpEd

By Pepe Escobar, Sputnik News Whatever happens with the nuclear negotiations this summer, and as much as Tehran wants cooperation and not confrontation, Iran is bound to remain — alongside Russia — a key US geostrategic target. As much as US President Barack Obama tried to dismiss it, the Russian sale of the S-300 missile system to Iran is a … Continue reading

China And Pakistan Set To Ink $46 Billion In Investment Deals, Launch Economic Corridor

China is set to finalize investment deals worth $46 billion with its old ally of Pakistan during Chinese President Xi Jinping’s rare visit to the nation on Monday. The visit by Xi is aimed at ending Pakistan’s chronic energy crisis and to transform the nation into a regional economic hub. The two nations are looking to establish a Pakistan-China … Continue reading

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