The number of Christians in the birthplace of their faith, the greater Middle East, continues to plummet months after the Islamic State, which waged a genocidal campaign against Christians, lost its “caliphate” in Iraq and Syria, Breitbart News learned from various experts, including an archbishop. “Unfortunately, it can be stated that the Islamic State group’s anti-Christian campaign was very successful in Iraq, and to a certain extent, successful in Syria,” John Hajjar, the co-chair of the American Mideast Coalition for Democracy (AMCD) and co-director of the Middle East Christian Committee (MECHRIC), told Breitbart News.“I think we have no more hope,” Archbishop Vicken Aykazian, the diocesan legate in America’s capital and ecumenical director for the Eastern Diocese of the Armenian Orthodox Church of America, also told Breitbart News, referring to the future of Christianity in its Middle East cradle. “Middle East … [Read more...] about ‘Nobody Will Go Back’: Christians Flee Middle East After Fall of Islamic State
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Seven years after Arab Spring, tech challenge weighs on the Middle East The Arab Spring showed the potential of young people in the Middle East armed with technology. But the picture since then has been patchy. Read more: https://zd.net/2RjzYHs The outlook for growth in the Middle East, North Africa region is expected to improve slightly in 2019 and 2020, the World Bank reported last June, noting a range of factors including "a favorable global environment, post-conflict reconstruction efforts, and from oil importers' reforms to boost domestic demand and increase foreign investment". Although welcome, these conclusions do not mask the longer-term economic realities that the region needs to address. The fourth industrial revolution driven primarily by AI and automation is going to radically change how we work, rest and play, bringing about major shifts to societies and economies. States such as Saudi Arabia, Qatar, UAE, and Oman have acknowledged this upheaval, with bold … [Read more...] about Middle East tech: Nine things the region must do to safeguard its financial future
"Sunday Morning" begins the New Year with a look ahead for the region, reported by CBS News correspondent Seth Doane in Jerusalem: In the Middle East, division, strife and shifting alliances have emerged – including an unlikely one between Israel and Saudi Arabia against a common perceived enemy: Iran. Proxy wars have also flared. "Unpredictability is the most common denomination in the Middle East," said Alon Pinkas, a former Israeli diplomat. Doane asked, "For people who have a passing knowledge or interest in the Middle East, what should they be looking for in 2019?" Pinkas replied, "Three things, I think: The expansion of ISIS and Hezbollah military activities (ISIS is not dead by any measure); the major question of Iran's compliance with the nuclear deal; and the absence of a viable Israeli-Palestinian peace process." Israeli parliament passes contentious Jewish nation-state bill (CBS News, 07/19/18) Palestinians: White House Mideast peace plan "dead upon arrival" (CBS … [Read more...] about A look ahead: What’s next for the Middle East in 2019?
Serene Cheong, Bloomberg 5:03 am CST, Thursday, December 27, 2018 Drilling in the Permian. Drilling in the Permian. Photo: Daniel Acker / Bloomberg Photo: Daniel Acker / Bloomberg Image 1 of / 1 Caption Close Image 1 of 1 Drilling in the Permian. Drilling in the Permian. Photo: Daniel Acker / Bloomberg U.S. shale's blows leave Middle East producers staggering 1 / 1 Back to Gallery The U.S. oil industry is delivering a one-two punch to Middle East producers already reeling from a collapse in prices. A tussle is playing out in the market for so-called light oils, which have a lower sulfur content and are less dense than heavier varieties. When processed, these grades typically yield … [Read more...] about U.S. shale’s blows leave Middle East producers staggering
FILE PHOTO: An employee shows the logo of ride-hailing company Careem on his mobile in his office in the West Bank city of Ramallah July 17, 2017. REUTERS/Mohamad Torokman/File Photo HONG KONG (Reuters) - Careem, Uber’s main Middle East rival, is looking at raising between $100 million and $200 million from Chinese investors, a source with direct knowledge of the matter told Reuters. Investment bank China International Capital Corporation (CICC) is advising Dubai-based Careem, but it was not immediately clear when or if a deal would be finalised, the source said, adding there was a lack of familiarity and interest among Chinese investors in Middle Eastern start-ups. Beijing-based CICC and Careem both declined to comment. Reuters reported on Monday that CICC and New York-based investment bank Jefferies were both advising Careem on potential investment options and capital raising, including a possible Middle East M&A deal with Uber. Careem, which counts … [Read more...] about Uber’s Middle East rival Careem looks to raise up to $200 million…