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Mar 14, 2013

Cyprus plans to export natural gas to Europe by 2018

NICOSIA, March 14 (Reuters) – Cyprus, urgently needing
revenues from its newly found natural gas reserves, hopes to
begin exports by 2018 and will target sales at fellow European
Union members, its energy minister said.

George Lakkotrypis also said gas could be sold in advance or
used to help the government, which is now negotiating a
multibillion-dollar bailout, to issue new debt on international
markets in future.

Mar 4, 2013

“Arab spring” brings new buyers for bulletproof cars

March 4 (Reuters) – * “Arab spring”, rising unrest help
drive demand

* Governments, oil firms, rich individuals all buying

* Industry grew on wars in Iraq and Afghanistan

By Peter Apps, Political Risk Correspondent

DUBAI, March 4 (Reuters) – In a workshop in a dusty
industrial area on the outskirts of Dubai, engineers are
stripping down a Toyota Land Cruiser to install armoured
plating, bullet resistant glass and run-flat tyres.

Feb 12, 2013

Rising power Qatar stirs unease among some Mideast neighbors

DUBAI/DOHA (Reuters) – In the center of Cairo, young men hold up a burning flag for the cameras to show their fury at a nation they believe is meddling in their country and the wider Middle East.

It’s a familiar image. But it’s not the U.S. flag they are waving, it is that of Qatar, the Gulf state that has used its billions to spread its influence in the wake of the Arab Spring.

Feb 10, 2013

Have hired guns finally scuppered Somali pirates?

ABOARD RMS QUEEN MARY (Reuters) – Posted between septuagenarian passengers in deck chairs, lookouts stand watch over the Gulf of Aden, scanning the horizon for pirates.

After more than half a decade of Somali men attacking Indian Ocean shipping from small speedboats with AK-47s, grappling hooks and ladders, the number of attacks is falling fast.

Feb 1, 2013

Arab Spring aftermath batters Mideast tourism, Dubai booms

DUBAI, Feb 1 (Reuters) – The revolts that began in Tunisia
at the end of 2010 and spread across the Middle East and North
Africa had a devastating impact on tourism, but not everyone in
the region lost out.

While recovery from the turmoil has been at best tentative,
at worst non existent, places where the Arab Spring has not
reached have been unexpected beneficiaries.

Jan 29, 2013

As Suez cities burn, canal shipping sails on, for now

ABOARD RMS QUEEN MARY 2, Jan 29 (Reuters) – Egypt’s army
stepped forward on Tuesday from its new place in the shadows of
the fledgling democracy and pledged to defend the state after a
week of bloody street violence in cities along the Suez Canal.

It was a measure of the canal’s place in Egypt’s economy,
and the world’s, that army chief Abdel Fattah al-Sisi explained
the military deployment ordered by President Mohamed Mursi in
terms primarily of protecting a waterway he called a “vital
strategic interest” – it handles about a tenth of all global
trade by sea.

Jan 29, 2013

Could Scottish, Catalan independence votes reshape Europe?

BARCELONA, Spain (Reuters) – The separatist flag of Catalonia – with its yellow and red stripes, blue triangle and white star – was a rare sight on the streets of Barcelona a decade ago. Now, it is almost ubiquitous.

Two thousand km to the north in Scotland, the blue-and-white saltire has always been popular. But that flag too increasingly symbolizes something new, that after more than 400 years within the United Kingdom Scotland may be on the verge of demanding a divorce.

Jan 24, 2013

China, Russia, U.S. raise Mediterranean naval focus

PORT SAID, Egypt (Reuters) – Egypt has seen no shortage of empires come and go, from its own ancient civilizations to those of Greece, Rome, Britain and France. Now, it is among the outposts of the latest Mediterranean power: China.

Situated at the northern end of the Suez Canal, the Port Said Container Terminal is one of the busiest in the region, vital for shipments not only to Egypt but also much of Europe and the Middle East.

Dec 20, 2012

Troops gone, U.S. increasingly sidelined in Iraq

BAGHDAD/WASHINGTON, Dec 20 (Reuters) – When a group of
Americans and their heavily armed guards arrived at the Turkish
embassy for a party in September, Iraqi police outside blocked
their path.

Unless they surrendered the weapons held by their security
detail in accordance with embassy policy, the Iraqis said, the
delegation of U.S. diplomats would not be allowed in.

Dec 17, 2012

Foreign nerves limit Syria rebel arms, Assad’s arsenals raided

LONDON, Dec 17 (Reuters) – Syrian rebel success in capturing
government armouries is rendering increasingly irrelevant
Western efforts to limit supplies from abroad and avoid
sophisticated arms reaching Islamist militants.

Western nations, particularly the United States, remain
highly nervous of weapons falling into the wrong hands, while
even Saudi Arabia and Qatar – by far the two most enthusiastic
rebel backers – appear to have cut back support in recent weeks.

    • About Peter

      "Peter Apps is political risk correspondent for Europe, the Middle East and Africa, covering a range of stories on the interplay between politics, economics and markets. Previously, he was emerging markets correspondent based in London after postings in southern Africa and Sri Lanka. His neck was broken in a vehicle smash on assignment in Sri Lanka in 2006, leaving him largely paralysed from the shoulders down."
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