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Leaks: UAE spent $2.7m to improve Sisi’s image in US

October 5, 2017 Middle East Monitor 0

New leaked emails from Emirati Ambassador to Washington, Yousef Al-Otaiba, show that the UAE spent $2.7 million to whitewash the image of Egyptian President Abdel Fattah Al-Sisi and his government in the US. According to the leaked emails, published by the Intercept today, the UAE decided to mainly fund lobbying groups in Washington to promote Al-Sisi’s government. In 2013, Egypt recruited the Glover Park Group, a top public relations and lobbying firm founded by former White House and Democratic officials, to act as a public face for the Egyptian government in the American capital. In a memo emailed to Al-Otaiba in September 2015, Glover Park Group described its work for Egypt as aiming to influence the American government and the […]

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What’s the Next Move For Catalonia?

October 5, 2017 Craig Erlam 0

Catalan separatists are trying to find a way to put off a definitive declaration of independence to create space for a negotiated settlement with Spain, according to two people familiar with their plans.The movement’s leaders are divided over their next step, with hardliners from the party CUP demanding the regional government make good on its […]

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‘Hamas will work to support new government’

October 5, 2017 Middle East Monitor 0

Hamas said today that the Gaza Strip and its ministries are being governed by the National Reconciliation Government, stressing it will work to support the government to carry out its tasks. The group’s spokesman Abdellatif Alqanou issued a press release saying that the movement would give priority to the general interests of the people over any partisan interest during talks with Cairo. It also stated that it would work with positivity and flexibility to make the talks a success. Alqanou noted that Hamas is committed to the past agreements signed with Fatah and prepared to begin implementing them without negotiations, in accordance with the Cairo agreement signed in 2011. The Reconciliation Government ministers were handed their government tasks in the […]

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Saudi Aramco bids to recover losses through Indian subsidiary   

October 5, 2017 Middle East Monitor 0

In a bid to steer the country towards a new economic direction, Saudi oil giant Aramco will open an Indian subsidiary next week to regain some of the market share it has lost over the past few years to competitors around the world. Rulers in Riyadh have been forced to overhaul major parts of their economy following the collapse in the price of oil and, according to three unnamed sources reported by Reuters, the Kingdom is looking to tap rising demand in the East and invest in the world’s third-biggest consumer economy. The drop in oil prices has come at a significant cost. Not only has Riyadh lost market share to US shale, the world’s largest oil producer has been […]

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GBP/USD Searches for Support; S&P Unconvinced by Hawkish BoE

October 5, 2017 David Song 0

The British Pound stands at risk of extending the decline from earlier this week as Standard & Poor’s Financial Services sees limited scope for higher UK interest rates.The post GBP/USD Searches for Support; S&P Unconvinced by Hawkish BoE…

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US consulate employee arrested as part of Gulen crackdown

October 5, 2017 Middle East Monitor 0

The Turkish government has arrested an employee of the US consulate in Istanbul yesterday on terror charges and attempting to overthrow the president and the administration. Metin Topuz, a Turkish citizen that works at the US consulate in Istanbul, allegedly had links to high-ranking members of the Gulenist movement, including former prosecutors and police chiefs, which led an attempted military coup against the government on 15 July 2016. The US embassy in the capital Ankara commented, saying that the allegations against Topuz are “wholly without merit” and that the “baseless, anonymous allegations” harm US-Turkish relations. Following the failed coup attempt last year, Erdogan blamed the exiled cleric Fethullah Gulen for causing dissent and has orchestrated a nationwide purge of all […]

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Banks consider fleeing Catalonia over split from Spain

Catalonia could lose two of Spain’s biggest banks if political leaders in the region press ahead with a threat to declare independence.The post Banks consider fleeing Catalonia over split from Spain appeared first on NASDAQ.
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Puerto Ricans to Trump: Don’t focus on debt, we need water

Puerto Ricans are disappointed about the timing of President Trump’s comments on the island’s debts while many are still struggling to get basic necessities, like food, water and electricity.The post Puerto Ricans to Trump: Don’t focus on debt, w…

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