Features / Political Review
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Egyptian Appeals Court overturns November ruling cancelling gas export deal between Israel and Egypt The Supreme Administrative Court canceled the First Instance Court’s ruling to stop gas exports to Israel, thereby accepting the appeal that was filed by the government. The court explained that the decision to sell surplus gas to the Eastern Mediterranean, including Israel, was issued within the scope of the political function of the sovereign government; a sovereignty that the constitutional, administrative and normal judiciary does not control. Moving alone
Senators in Washington say have reached agreement on a huge economic stimulus package designed to revitalise the U.S. economy Gaza ceasefire eases oil prices
The Oil price has been raised briefly on fears of heightened tension in the Middle East following Israel's offensive attacks on the Gaza Strip while after the cease-fire edged the prices lower European energy stability in the Russian hands
Signing a 10-year gas deal between Russia and Ukraine has put an end to the large dispute that caused more than 15 nations to scramble for alternative sources of energy Change has come
Perhaps one of the main reasons behind Barack Obama's historic, illustrious victory in the U.S presidential elections on November 4th was his energy agenda. Having suffered for a long time from rising oil prices, which hit the $146 mark at some point few months ago; many Americans left their cars behind and used public transportation. According to Obama's energy plan, American taxpayers will each get a $500 rebate check – funded by profits taxes to be levied on big oil companies Much ado about cartel
Since the announcements made last month by the world's three biggest reserves of natural gas; Russia, Iran, and Qatar, about their attempt to establish an OPEC-style organization for natural gas exporters, speculations about the formation of the natural gas cartel were sparked worldwide Gangs of Somali pirates!
Regardless the poverty, lawlessness, chaos and desperation dominating Somalia, a highly organized, lucrative, ransom-driven business, piracy, has been formed, imposing its threats on one of the world’s main marine routes. Over last year, more than 25 ships were hijacked and in many cases, they were paid million-dollar ransoms to release them. The juicy payoffs have attracted gunmen from across Somalia, and the pirates are thought to number in the thousands, augmenting the economic and political drawbacks over the region Decline in OPEC’s power
Despite the oil producers' cartel OPEC has agreed to make a record cut in output, oil prices continue to fall 
