Prigozhin’s Investments Remain in Syria

Prigozhin’s political and financial future remains uncertain as he seeks exile in Belarus, Iyad el-Jaafara writes.

During the tense hours of anticipation, analysts closely monitored the developments surrounding Yevgeny Prigozhin’s rebellion against the Russian Ministry of Defense. There were discussions about the possibility of this uprising extending into Syrian territory, where the Wagner militia was still actively engaged. However, analysts downplayed this possibility until the Belarusian-brokered deal brought an end to the Wagner rebellion within Russian borders.

MIDDLE EAST 2.0

Muslim countries refused to be satellites of Washington
The territory of the Middle East (from Western Asia to North Africa) has always attracted foreign powers. First, the region is the main source of hydrocarbon production, primarily oil. Secondly, it is the center of the logistics system for transporting energy resources. Suffice it to recall the Suez Canal, the Strait of Gibraltar, the Dardanelles, the Bosporus, etc. etc.

Daesh terrorist preparing attacks caught in Istanbul

A Daesh member was caught in an operation in Istanbul while preparing a terrorist attack Friday.

As the Istanbul Police Department continues efforts to uncover the terrorist organization’s activities, police teams determined that a suspect, who was described as a “lone terrorist” and seeking to carry out an attack, possibly as an armed suicide bombing, was found at an address in the Bahçelievler district.

A new era for the Turkish economy?

President Recep Tayyip Erdoğan’s victory over the alliance of opposition parties in Turkey’s May elections, in which he secured another term as president and maintained his alliance’s majority in parliament, came as a surprise to many, as credible pollsters had forecast just the opposite. Investors had to quickly adjust their market positioning as a result. At the same time, Erdoğan was making rapid adjustments of his own, backtracking on his campaign promise that he would maintain the existing economic model, which has been a major source of financial instability over the past five years. His change was likely driven by the high likelihood of a balance of payments crisis — that is, an inability to redeem external debt or pay for imported goods. His only other options were to impose strict capital controls, a move that would be perceived negatively by both business owners and households alike or to sign a stand-by agreement with the International Monetary Fund (IMF), a dramatic policy shift with unmeasurable domestic and external political outcomes. Not wanting to go down these paths, Erdoğan retreated from the so-called “Turkish economic model,” at least temporarily or partially, and brought in a new economic team.

Why Arabs Do Not Trust the Biden Administration

Saudi Arabia and other Gulf states apparently still do not trust the Biden Administration, largely because of its perceived abandonment of its traditional Arab allies in the Middle East and President Joe Biden’s hostility to Saudi Arabia. This view began with then-presidential candidate Biden declaring the kingdom a “pariah” state — and is continuing with US attempts, still ongoing, to revive a “nuclear deal” that will enable an expansionist Iran to have nuclear weapons potentially to topple other countries in the region.

Somalia replaces army chief amid Al Shabaab resurgence

Somalia has fired its army chief, Maj-Gen Odowa Yusuf Rage, as the country faced a resurgence of Al Shabaab attacks, months after it had raised its tempo against the militants.

Rage, 44, who had trained in Uganda and Turkey, had been the youngest army chief named in modern Somalia, having been appointed by former President Mohamed Farmaajo in 2019.