Latest in Tag: Sanctions Highlight

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Latest in Tag: Sanctions


Sanctions are what truly keep bankers awake at night

The pressing issues for banks today are many. Apart from known concerns like capital and figuring out how to comply with the requirements of Basel III, I see that the enforcement of sanctions and embargoes is the nightmare that is really keeping bankers awake at night. Let’s start with the obvious. Sanctions and embargoes are …

Hany Aboul Fotouh

Putin orders economic sanctions against Turkey over downing of jet

Vladimir Putin has approved a raft of economic sanctions against Turkey in retaliation for the downing of a Russian warplane by Turkish forces. The move came after Turkey’s Erdogan expressed regret over the incident. President Putin on Saturday signed a decree which bans the import of some Turkish products and forbids Russian firms from hiring …

Deutsche Welle

Iran showdown in Congress damages US credibility

The White House has secured enough support in the Senate to successfully veto a resolution that would “disapprove” of the Iran nuclear deal. But it is a hollow victory, as a presidential veto could damage US credibility. The votes have been tallied. At least 34 US Senators will support the Iran nuclear deal, and back …

Deutsche Welle

The EU arms ban on Egypt: a regional response for a limited change?

By Justina Poskeviciute On 21 August, EU foreign ministers called for an emergency meeting in Brussels as a response to the turmoil seen on the streets of Cairo. The EU states have suspended arms export licences for any military equipment that could be potentially used for internal repressions by the Egyptian military. The context in …

Daily News Egypt

Sanctions have worked; time to act on Iran is now

By Dr CĂ©sar Chelala As Iran economy’s is reeling and Iran’s President Hassan Rouhani is showing every sign of interest in reaching an agreement with the West on its nuclear program, it seems high time to reach an agreement with Iran. Such an agreement would eliminate one of the most troubling hot spots in the Middle East and will serve as an example …

Daily News Egypt

Iran’s election augurs a better future

By Cesar Chelala Hassan Rowhani’s election as the new Iranian president bodes well not only for that country but for the world as well, tired of the senseless rhetoric of the former president Mahmoud Ahmadinejad. When, at a campaign speech, Mr Rowhani stated, “We have no option other than moderation,” he was also defining what …

Daily News Egypt