Global Analysis from the European Perspective. Preparing for the world of tomorrow


Egypt



The Downing of Flight MS804 Can Crash the European Economy

Is the downing of MH804 the first in a series of attacks that will crash the European economy? It is not yet clear what brought the Egyptian Flight MS804 down. No Jihadist group has claimed responsibility until now. The data from the plane sent to a data center just before the crash indicates that there was smoke near the cockpit. One of the possible scenario’s is that some of the Charles De Gaulle airport staff smuggled a bomb on board of the plane. The same plot brought down the Russian plane . Charles De Gaulle already dismissed 70 staff members due to their connections with ISIS.

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Russian action in Syria will intensify war in Egypt

Egypt, being in a very difficult geopolitical position, may be the next victim of the Syrian war. The Egyptian army has beens truggling with Islamic terrorists on the Sinai Peninsula for a long time, with he Libyan branch of Islamic State causing problems in the western part of the country. Unfortunately for President Abd al-Fattah as-Sisi, with Russian raids in Syria, Islamic militants are now moving to Libya through Sinai.

Egypt did not want to get involved in the war in Syria or in Iraq, directly or indirectly, trying not to spoil the relations with Saudi Arabia. Egypt shared with Bashar al-Assad  the common aim, which is to fight the Islamic insurgency. In fact, the nation is waging a war in the north of Sinai against militant groups loyal to the Islamic State. The worst is yet to come, though. Continue reading

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The Energy Committee of the Egyptian Parliament plans to contact its Ministry of Petroleum to get to the bottom of why the petroleum shipment from Aramco was suspended earlier this month. The news came from sources within the Egyptian Parliament, and according to that source, the Ministry will be asked to review Aramco’s five-year agreement to supply Egypt with petroleum derivatives. Source Oilprice











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