June, 2022

• 30 June

  Turkish Weapons Company Donates 3 Armed Drones to Ukraine

  

  A Turkish weapons manufacturing company announced that it will donate three new armed drones to Ukraine after a Ukrainian politician raised about $20 million in a crowdfunding campaign to buy the unmanned aerial vehicles.

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• 30 June

  The World’s First Energy Crisis

  

  A Conversation With Jason Bordoff and Meghan O’Sullivan The global energy market is in a state of upheaval. The war in Ukraine and the resulting sanctions against Russian oil and gas have forced the West, especially Europe, to quickly find new energy sources to keep the lights on and the …

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• 30 June

  Islamic finance grows despite global economic turmoil

  

  According to a recent report from Swiss banking group Lombard Odier that surveyed more than 300 high net worth investors in the Middle East, attention to Islamic investments is growing fast. The survey shows that 61% of the respondents say their interest in Islamic assets has increased during the last …

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• 30 June

  Arab League weighs in on Nile dam dispute

  

  Ahmed Aboul Gheit, secretary general of the Cairo-based League of Arab States, criticized the way the international community has dealt with the Grand Ethiopian Renaissance Dam crisis. Secretary General of the Cairo-based Arab League Ahmed Aboul Gheit recently criticized the way the international community, particularly the UN Security Council, has …

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• 30 June

  Imports up pressure on Morocco’s foreign reserves

  

  Energy and food imports alongside a growing trade deficit put pressure on Morocco’s foreign currency reserves. The Office des Changes (OC) published its monthly newsletter in early June, indicating a sharp rise in both exports and imports. The newsletter shows that remittances and phosphates were the leading sources of foreign …

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• 30 June

  Ankara forces companies to sell hard currency as circle tightens

  

  The Turkish government’s latest loan restriction may help the embattled lira recover to some extent, but not without the risk of damaging side effects. Desperate against galloping inflation but bent on keeping interest rates low, Turkey’s government has turned to interventionist measures akin to capital controls to bolster the embattled …

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• 30 June

  Israel awaits Biden message on Iran deal amidst political uncertainty

  

  Israel’s political landscape will shift dramatically over the next few weeks, as the US president is set to visit. Yair Lapid is scheduled to take over from Naftali Bennett as Israeli prime minister next week under a complex job-sharing agreement. It’s an open question whether Lapid intends to maintain Bennett’s …

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• 30 June

  Turkey lifts objection to Sweden, Finland joining NATO at last minute

  

  Following the signing of a memorandum between Turkey, Sweden, and Finland, Erdogan lifted his veto against the Nordic expansion of NATO hours before the Madrid summit started. After a day of phone diplomacy, conflicting statements, and last-minute political posturing, Turkey has given the nod to NATO hopefuls Sweden and Finland …

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• 30 June

  NATO ties to Finland and Sweden could aid US with useful tactics for the Pacific, naval experts say

  

  If Sweden and Finland succeed in joining NATO, their addition could provide the fringe benefit of enhancing U.S. strategies and tactics against a rival far removed from Atlantic waters, according to analysts. Navy and Marine Corps personnel carrying out operations to deter China would do well to pick up some …

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• 30 June

  US strike kills al-Qaida leader in Syria

  

  U.S. forces on Monday killed a “senior leader” of an al-Qaida-aligned terrorist organization during a strike in Syria, U.S. Central Command said in a news release. Abu Hamzah al Yemeni, a senior leader of Hurras al-Din, was traveling alone on a motorcycle in Idlib province at the time of the …

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