The recent rise of Dubai and the Persian Gulf in the global consciousness has been profound. Once a small, unknown fishing village, Dubai has turned into a powerful megalopolis recognized worldwide for its skyline, shopping, business dynamism and shipping.
Twelve years after Iran began negotiations with Europe on its nuclear program, and two years after the United States became directly involved in this process, an agreement has been reached, the Joint Comprehensive Plan of Action (JCPOA). The agreement was approved unanimousl
The precipitous and sustained drop in oil prices and the unwillingness of the OPEC countries to cut down oil production to stem that fall has led to a spirited debate in the region on the possible reasons for the price drop.
Global stock markets are experiencing a bumpy ride. Investor confidence is shaken. Analysts largely blame falling oil prices — which have hit five-year lows at US$ 62 a barrel due to a glut in the market, combined with reduced demand from countries undergoing a reduction in growth.