It’s difficult to overstate the importance of the Canal to the international shipping trade, but it’s importance to Egypt economy is even greater still.
It is not yet clear who will emerge as the winners and the losers from this latest crisis in a country that has experienced so many.
Rather than seeing the spreading virus as a common enemy, the Taliban seem to be viewing the health crisis as opening new military opportunities.
With its territory under increasing pressure, its finances dwindling, and manpower more challenged than ever, HTS’s ability to balance its extremism with controlled uses of pragmatism is under strain. Internally, its leadership is bitterly divided over decisions of the past, present, and future and externally, its rivals and enemies all appear to be conspiring against it. In an attempt to protect internal cohesion, HTS has become determinedly self-assertive in recent weeks, pursuing unpopular policies such as trading with the regime and lashing out at those brave enough to express their dissatisfaction. In response to HTS aggressions, a wider array of opposition voices — both moderate and Islamist — are declaring loudly that HTS now represents a threat to their revolution.
In a country already beset by economic and financial crises, COVID-19-related lockdown measures, without accompanying government assistance, are increasingly pushing impoverished residents to the brink. Lockdown measures will gradually start to lift this week. But the lockdown only accelerated the inevitable economic freefall and lifting the measures will not solve the country’s economic woes. “There is a predicament coming that is much bigger than corona … the economy is the bigger crisis,” a political activist in Dahiyeh says.
Climbing unemployment is a major specter for Egypt.
President Vladimir Putin’s plans to change Russia’s Constitution and stay in power beyond 2024 have been hampered by COVID-19 and the oil price crash.
The amendments have been designed to provide relief on both the individual and corporate levels.
Lebanese citizens are growing increasingly frustrated with a lack of concrete results from Diab’s self-styled “government of independent experts.”
When the American-backed Syrian Democratic Forces (SDF) captured the village of al-Baghouz in late
March 2019, ISIS’s self-proclaimed “caliphate” came to an end. The largest multinational military
coalition in modern history spent four-and-a-half years methodically rolling back ISIS’s control of an
expanse of territory the size of Britain, stretching across Syria and Iraq.
The April 12 OPEC+ deal to cut oil production that ended the disastrous five-week Saudi Arabia-Russia price war is a short-term fix for the global industry, but will not resolve the larger problem of over-production. The price war heightened animosity between Riyadh and Moscow and calls into question whether the OPEC+ partnership will ever be the same again.
In an effort to boost its economic competitiveness, Qatar is hedging its bets on emerging technologies. The Gulf sheikhdom, eager to diversify its gas-dependent economy, is cultivating various technological areas, notably artificial intelligence (AI).
Immediately after the Syrian regime and its allies captured central Syria in late 2017, ISIS began waging an effective and deadly insurgency in the area. It first targeted urban centers along the western Euphrates before shifting focus in spring 2018 to the transport lines and mountains running along the M20 from Khunayfis to Shoula. These wide-ranging operations have killed a minimum of 860 pro-regime fighters of all ranks, units, and types. This report tracks self-reported regime losses in the region, as indicated on loyalist Facebook pages, community pages, and unit pages, from Nov. 10, 2017 through March 31, 2020.
COVID-19 presents a major threat to the global economy and the health of millions of people around the world, but its impact on Iran, one of the early epicenters of the outbreak, has been particularly severe.
Egypt’s three top sources of foreign revenue — tourism, remittances, and the Suez Canal — are likely to be hard hit by the crisis.