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Turkey to Invest $12 Billion in Iranian Natural Gas Partnership

“Turkey will invest $12 billion on developing phases of South Pars offshore gas field in southern Iran and construction of gas pipeline from Assalouyeh to Turkish border,” Hilmi Guler said yesterday.

Don’t Underestimate Sarah Palin

“We’ve got to play hardball,” says Republican Palin, 44, in an interview.

Sabotaged Train Interrupts Georgian Oil Shipments

The blast deals a serious blow to Georgia’s efforts to recover from its ten-day war over South Ossetia in the face of the continuing Russian military presence.

The Nissan Commercial that the Saudis Hate

This is a great commercial, made even greater by the fact that the Arab League threatened to boycott Nissan if they didn’t make Israel pull the commercial off the air. What a bunch of drama queens!

Israel backs Georgia in Caspian Oil Pipeline Battle with Russia

In recent weeks, Moscow has repeatedly demanded that Jerusalem halt its military assistance to Georgia, finally threatening a crisis in bilateral relations.

Germany Sinks Iran Sanctions with Gas Deal

The deal was approved a month before the German chancellor’s March stood up in the Knesset, promised to push for further sanctions against Iran and declared that Israel’s security was “nonnegotiable.”

US-Iranian Dialogue:Capped Oil, Shaken Mid East Alliances

talks between the US and Iranian delegations, representing President George W. Bush and Iranian supreme ruler Ayatollah Ali Khamenei, have yielded ad hoc understandings on controversial issues.

Saudis Pushing U.N. Démarche Against Israel

The Saudis are floating a proposed UN Security Council resolution prohibiting Israel from building any housing in Jerusalem.

Food Prices Soaring Worldwide

Breitbart.com
MEXICO CITY (AP) - If you’re seeing your grocery bill go up, you’re not alone.
From subsistence farmers eating rice in Ecuador to gourmets feasting on escargot in France, consumers worldwide face rising food prices in what analysts call a perfect storm of conditions. Freak weather is a factor. But so are dramatic changes in the [...]

The Growing Economic Relations Between Iran and Turkey

Dr. Nimrod Raphaeli, Memri Economic Blog
Iran and Turkey are two large Middle Eastern neighboring countries with populations of around 65.4 million and 71 million, and GDP in purchasing power parity of over $599 billion and $640 billion, respectively.[1] (See Annex) While both countries are Muslim, Turkey has had a long tradition of a secular and [...]