In the three years since construction began on the 1.8km Grand Ethiopian Renaissance Dam across the Blue Nile River, Egypt and Ethiopia have been engaged in a war of words over its potential impacts.
Ethiopia believes the massive dam will herald an era of prosperity, spurring growth and attracting foreign currency with the export of power to neighbouring countries. But Egypt has raised concerns about the downstream effects, as the Blue Nile supplies the Nile with about 85 percent of its water. Continue reading
World War III may well be underway just as surely as it was on 26 November 1941 when Japanese Admiral Yamamoto set sail for Pearl Harbor two weeks before the formal attack. Then, like now, Americans seemed blissfully unaware that their lives were about to change forever.
Now, it is even worse, as American arrogance assumes we will always be the world’s sole superpower. We tend to look at the world exclusively from our own perspective and that can be very dangerous. A variety of headlines demonstrate this, all of which assume American supremacy. One example, now obvious in hindsight, is when the President’s spokesman Jay Carney warned against buying and actually suggested shorting Russian stocks in light of U.S. sanctions on March 18. From the time of his comments until the end of the month, Russian stocks increased over 6%, far ahead of the U.S. stock market over the same period. Even as the Administration was warning against buying Russian shares, some very successful investors have recommended them. Continue reading
Egypt’s Defense Minister Gen. Abdul-Fattah El-Sisi, 59, announced Wednesday, March 26, that he had resigned from the army after 45 years in order to run for president. No date has been set for the election, but it is expected to take place no later than July. His popularity as a strong leader in a country that craves stability above all after three years of turmoil is such that he can count on winning.
debkafile’s military sources disclose that in recent weeks Gen. El-Sisi took time off to create a new rapid intervention force as a powerful vehicle for buttressing his regime.
Maj. Gen. Tawfik Abdel-Samei, head of the Egyptian army’s central command, was chosen to head the force. He and El-Sisi handpicked 10,000 of the most able commando fighters from the various army units and consolidated them through intense courses into a special airborne force. Equipped with air transport and helicopters, it is capable of flying to the ends of the country in a crisis, along with tanks, self-propelled artillery and counter-terror measures. Continue reading
According to diplomatic sources, Turkey has threatened Russia with a blockade of the Bosphorus Strait
The threat to close the Bosphorus to Russia comes from a report by Hvylya, citing a Turkish diplomatic source. According to the source, Turkish Prime Minister Tayyip Erdogan yesterday spoke with Russian President Vladimir Putin on the phone and warned of the consequences for conflict with Ukraine. The Hvylya source was also reported on by UNIAN. Continue reading
Baghdad (AFP) – Saudi Arabia and Qatar are supporting militant groups in Iraq and have effectively declared war on the country, Prime Minister Nuri al-Maliki said as nationwide violence left 15 dead Saturday.
The rare direct attack on the Sunni Gulf powers, with Maliki also accusing Riyadh of supporting global terrorism, comes with Iraq embroiled in its worst prolonged period of bloodshed since 2008, with more than 1,800 people killed already this year, ahead of parliamentary elections due next month. Continue reading
A host of Ethiopian army commanders have voiced their readiness to protect the country’s multibillion-dollar hydroelectric dam project, currently at the heart of a major row with Cairo due to Egyptian fears the dam could threaten its traditional share of Nile water.
State-run television reported that military commanders had visited the project site, during which they had voiced their readiness to “pay the price” to protect the dam, which they described as a “national project.”
According to state television, the visit – the first by military commanders to the site – came as part of activities marking Ethiopia’s Army Day. Continue reading
The seeds were sewn when the Obama administration decided to overthrow the Mubarak regime and replace it with the Muslim Brotherhood, which subsequently failed as his military reinstated the previous government.
Egyptian army chief and probable next president, Field Marshal Abdel-Fattah el-Sisi, landed in Moscow Wednesday and is expected to sign up with Russia for a $2 million arms deal in another move that could diminish American influence over Cairo as well as the entire Middle East.
The United States pooh-poohed the idea that it was losing its clout in Cairo, but Russia now is set to take advantage of Saudi financial aid to Egypt and boost its defense sales and to further erode the Obama administration’s position. Continue reading
The world is one financial downturn, one major terrorist attack or one regional war away from collapse. 9/11 happened when the U.S. was on the brink of another economic bubble whereas the downturn of 2008 was a bubble created during the Clinton years in which it was only a matter of time before it popped.
As matters stand, the next recession will push the Western economic system over the edge into deflation
Half the world economy is one accident away from a deflation trap. The International Monetary Fund says the probability may now be as high as 20pc.
It is a remarkable state of affairs that the G2 monetary superpowers – the US and China – should both be tightening into such a 20pc risk, though no doubt they have concluded that asset bubbles are becoming an even bigger danger. Continue reading
What happens when a superpower dies? What happens when the geopolitical order that has stabilized the world for several decades crumbles?
We are all about to learn firsthand. Continue reading
In France, more than 1000 cars were torched across the country on New Year’s Eve. It has become a tradition. As usual, the French media omitted to say most of the damage is done by young disaffected Muslim men and has become a form of protest.
In Iraq, the government has lost control of the city of Fallujah to the fundamentalist group Islamic State of Iraq and the Levant, giving Islamists open control of a city for the first time since the US-led invasion in 2003. On Christmas Day, car bombs exploded outside three churches, killing 26 people and maiming 38, part of a campaign to remove Iraq’s rapidly decreasing Chaldean Christian population. Continue reading
Russian Foreign Minister Sergey Lavrov and Defense Minister Sergey Shoigu start a two-day visit to Cairo Wednesday, Nov. 13, to wind up a major sale of advanced Russian weaponry for the Egyptian army and the Russian Navy’s access to port facilities on the Mediterranean.
debkafile’s military sources, which first revealed the coming transactions in the last week of October, now amplify that report by disclosing that Moscow has agreed to equip Egypt with a sophisticated combined double-layered system which covers both its defensive and offensive requirements. Continue reading
Russian President Putin calls Saudi King Abdullah, talk hints Saudi Arabia like Egypt abandoning US for Russia.
The two leaders discussed ties between the two countries as well as regional issues such as the Syrian conflict and Iranian nuclear talks. Russian officials told AFP that the two leaders “expressed a mutual interest in furthering cooperation and maintaining contacts at various levels.” Continue reading