Israel launched an auction for licenses to explore 24 blocks for gas, opening its waters to major international companies but exporting to consumers in key regional markets won’t be easy. A pipeline to Turkey would need to pass through Cypriot economic waters. Source: WSJ
GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.
Saudi security forces foiled an attack on the Grand Mosque in the Muslim holy city of Mecca on Friday, state television Al-Ekhbariya and Al Arabiya TV reported. Source Reuters
Turkey rejected a call from four Arab states on Friday to shut down its military base in Qatar, saying the base was a guarantor of security in the Gulf and demands for its closure represented interference in its ties with Doha. Source Reuters
The ECB has approved the yuan as a reserve currency. This is a symbolic but historic step for China, which can now establish its currency in Europe as a counterweight to the US dollar, says DW’s Frank Sieren. Source Deutsche Welle