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Europe

Oil below $105 as Middle East risk premium fades

Source : Reuters / 8 May 2013 

Brent crude oil fell below $105 per barrel on Tuesday, after the risk premium caused by an Israeli air strike on Syria faded.

The benchmark hit its highest in nearly a month above $105 in the previous session on fears of supply disruption following Israeli air strikes on Syria close to Damascus.

 

Columbus Was (Not) The First To Cross The Atlantic

Source : LostIslamicHistory.com / 6 May 2013

The old poem that most American school children recognize begins “In 1492, Columbus sailed the ocean blue…” Indeed, in the year 1492, Christopher Columbus (whose real name in Italian was Cristoforo Colombo) sailed across the Atlantic in the name of the Spanish crown and landed in the Caribbean part of North America. For hundreds of years, it has simply been accepted that Columbus was the first explorer to valiantly sail across the sea and “discover” the Americas. However, this theory no longer stands up to modern scholarship.

 

Dubai defies luxury property slowdown with 5.4 percent rise in prices

Source : Al Arabiya / 30 Apr 2013

Dubai has defied a global slowdown in the luxury property market after witnessing a 5.4 percent rise in prices during the first quarter of this year, according to Knight Frank.

The emirate came fourth in a ranking of the world’s luxury property markets, behind only Jakarta, Bangkok and Miami in terms of price rises, the property consultancy said.

 

Morocco fair promotes self-sufficient agriculture in effort to cut imports

Source : Reuters / 29 Apr 2013

For the eighth year in a row, the central Moroccan city of Meknes hosted its annual agriculture event, attracting over 1,000 exhibitors from around the world.

This year’s International Agriculture Fair focused on food security and self-sufficiency, as many countries seek to reduce their dependence on imported foods.

 

Europe: Christian Continent or Not?

Source : OnIslam | 08 Aug 2012

Religion is seen as a main reason behind opposition to Turkey’s admission into the European Union as many believe that the continent is trying to preserve its position as a Christian club that does not accept other civilizations.

 

'Europe is poor so should live within its means'

| 07 Feb 2012

For decades the West has lectured the East on how to manage its economies. Not any more.

Now the emerging economies of Asia look like models of steady, consistent policy and sustained growth while Europe, America and Japan are mired in debt and are growing achingly slowly, if at all.

So what can the West learn from the East?

 

Europe warned of systemic crisis over debt

By Reuters | Frankfurt/Bratislava / 11 Oct 2011

Europe’s top financial watchdog warned that the euro zone’s sovereign debt crisis has become systemic and threatens global economic stability unless decisive action is taken urgently.

European Central Bank President Jean-Claude Trichet issued the dramatic warning as chairman of the European Systemic Risk Board, created to avoid a repeat of the 2008 financial crisis, amid growing fears that Greece will default on its massive debt.

 

Balkans between two worlds: Turkey and Europe

By Mesut İdriz | Today'sZaman | Istanbul / 09 Oct 2011

Geo-ontologically the Balkans falls at the crossroads between the heartlands of Turkey’s Anatolia and Europe.
 
Normally Greece, Slovenia and to some extent Romania try to avoid being placed within the socio-conceptual and contextual expression referred to as the Balkans. Nevertheless, all the countries within the historic peninsula are undoubtedly considered the Balkans.

 
 

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