Virtual water is a relatively new concept that emerged in the mid-nineties. Virtual water is the amount of water consumed for the production of agricultural commodities which are then exported to water scarce areas, thus international food trade can be seen as trade in virtual water.
Commentary
In the ongoing Yemeni crisis, Pakistan is faced with a strange dilemma. On one side is Saudi Arabia which had always been forthcoming with aid to Pakistan in times of crisis.
The prolonged Syrian civil has exasperated Iran’s foreign policy. For four long years, Tehran feverishly propped up Assad’s regime through various means: extending generous credit to the government, manpower for militias, transforming a once professional army into…
Following the savage murder of its hero pilot Lt. Muath As-Kaseasbeh early this year, Jordan’s posture on the battlefield against extremism in general and the highly visible face of terrorism today that is Daesh is firm at the forefront.
During the Sharm Al-Shaykh summit during the middle of March, the GCC countries announced a program of financial aid directed at Egypt, with a value in excess of $12 billion.
One the most important developments in the field of energy in the current decade is the sharp and sustained improvement in the economic feasibility of the technologies used in renewable energy generation.
During the Umayyad and Abbasid dynasties, Muslims and Arabs led the world economically (and intellectually, artistically, etc.), with Shari’a commercial law ushering in unprecedented prosperity.
Oil prices fell significantly during the fourth quarter of 2014 and currently stand at less than $50/barrel, compared to over $100/barrel during August 2014.
Our region is considered one of the best in terms of solar irradiation and its annual frequency, which renders the GCC countries capable of producing large amounts of solar energy, as well as being a leader in the area.
During these times of uncertainty and faltering alliances, the Gulf Cooperation Council (GCC) has been left in a conundrum. The perceived diminishing role of the US in the region has raised a few eyebrows with the GCC contemplating new partnerships to help secure its own safety.