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Search resuls for: "Nadeen Ebrahim Abbas Al Lawati"


2 mentions found


☆ A far-right nationalist politician may decide Erdogan’s political fate
  + stars: | 2023-05-15 | by ( Nadeen Ebrahim Abbas Al Lawati | Nadeen Ebrahim | Abbas Al Lawati | ) edition.cnn.com   time to read: +6 min
But for the next two weeks, he may become the most important figure in Turkish politics, potentially deciding President Recep Tayyip Erdogan’s political fate. Preliminary results from the YSK showed Erdogan as having received 49.51% of the vote, while Kilicdaroglu had 44.88%. Ogan, the third candidate, received 5.17%, enough to swing the runoff vote in favor of either of the candidates. But his political career began with the far-right Nationalist Movement Party (MHP), where he spent six years before splitting with it, partly due to its growing closeness with Erdogan’s AK Party, according to Turkish media. Formerly in the opposition, the MHP joined the People Alliance that is led by Erdogan’s AK Party in this election.
☆ Why Saudi Arabia defied the US over OPEC oil supply cut
  + stars: | 2022-10-07 | by ( Nadeen Ebrahim Abbas Al Lawati | Nadeen Ebrahim | Abbas Al Lawati | ) edition.cnn.com   time to read: +14 min
On Wednesday, OPEC+, the oil cartel led by Saudi Arabia and Russia, agreed to slash production by 2 million barrels per day, twice as much as analysts had predicted, in the biggest cut since the Covid-19 pandemic. “Saudi Arabia is looking to head off a repeat of 2008 when the market crash sent the global economy into a recession and oil prices suddenly plummeted, requiring emergency action by OPEC,” said Wald. Analysts also say Saudi Arabia cannot afford to let oil prices go below a certain level for budgetary reasons. For its budget to break even, global oil prices must be at around $79 a barrel, according to the International Monetary Fund. That was a warning sign for Saudi Arabia and other oil exporters, who depend on oil for a majority of their revenue.
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