Quote:
The old Middle East is living through its final years. Across the Arab world every power relationship has been defined by oil wealth for the past two generations, and now the wealth is fading fast. Eight years ago the Arab oil-producing states were making a trillion dollars a year from their exports. Today their oil revenue is down by two-thirds — to $300 billion — and it will fall further.
And who will emerge from the wreckage as the sole big powers of the Middle East? Only the two countries with fully modern and diversified economies and little dependence on oil revenues: Israel and Turkey.
Funny how things turn out, isn’t it?
And who will emerge from the wreckage as the sole big powers of the Middle East? Only the two countries with fully modern and diversified economies and little dependence on oil revenues: Israel and Turkey.
Funny how things turn out, isn’t it?
https://lfpress.com/opinion/columnists/dyer-new-deal-signals-no-real-change-between-israel-and-arab-states
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