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The Daily Brief: UAE Signs Record Arms Deal of $19 Billion With France

On the first day of a two-day visit, French President Emmanuel Macron signed a deal that will allow the UAE to acquire 80 Rafale fighter jets and 12 military helicopters

Published

12 months ago

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France and UAE scaled
  • While visiting the Arab Gulf, French President Emmanuel Macron signed the largest-ever overseas deal of Rafale jets with Abu Dhabi’s Crown Prince, Sheikh Mohammed bin Zayed Al Nahyan in Dubai on Friday. 
  • Macron stated that “this contract cements a strategic partnership that is stronger than ever and directly contributes to regional stability.” 
  • The record deal is estimated to support at least 7,000 jobs in France and will guarantee a supply chain for French Aviation manufacturer, Dassault Aviation until the end of 2031.
  • The UAE has been actively acquiring arms for years and is still in talks with the US to acquire F-35’s, however, the US has hesitated to approve the deal due to the UAE’s ongoing relationship with China. 
  • Human rights activists opposed the deal, stating that the UAE will use the acquired arms to commit unlawful attacks or war crimes against Yemen or other countries. 
  • The deal comes as a win for France as Australia recently pulled out of a $66 billion dollar submarine deal with France and chose to sign a deal with the US instead.

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Turkey’s Lira Continues to Crash Forcing Turkey Central Bank To Intervene

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  • For the second time this week, the Turkey Central Bank has had to dip into the country’s foreign exchange market to sell dollars to help the crashing lira currency. 
  • The lira crashed an additional 30 percent this week compared to the US dollar as the country continues to gradually slash interest rates with the hopes of becoming a free market independent of short-term foreign cash. 
  • Though Turkish President, Tayyip Erdogan states the decrease in interest rates will help the country in the long term, many companies are scrambling to keep supplies up as imports are affected by the exchange rates. 
  • The policy to lower the Turkish interest rate is expected to ease in January after the interest rate is lowered once more this month, however, economists expect the lira to remain unstable for some time. 

Lebanese Minister Resigns in Order To Ease Crisis with Saudis

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  • As of Friday, Lebanon’s information minister, George Kordahi has resigned hoping to anticipate ease into international relations with Saudi Arabia and other Arab Gulf countries.
  • Kordahi, who was formerly a well-known game show host, decided to step down before French President Emmanuel Macron visits Saudi Arabia this Saturday. 
  • Macron’s trip to the Gulf will further discuss strengthening cooperation with Saudi Arabia and other Arab Gulf countries and preventing Lebanon’s crisis from further sinking.

Indonesian Court Ruling Leaves Workers In Limbo

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  • The Indonesian Constitutional Court has deemed a 2020 law intended to entice foreign investors as unconstitutional and has given a deadline of two years to correct the flaws found. 
  • Though the recent ruling is considered a win for unions and business owners who challenged the 2020 policy, many were hoping that the law would be permanently suspended and would no longer be valid. 
  • With the law still essentially in effect, workers across Indonesia are now forced to still abide by a law that is deemed “unconstitutional” and undermines job security, wages and violates workers’ rights. 

China Responds To Biden’s “Summit of Democracy”RNLcyvs6PNr3K6jbCnftzwfcM0vOEvYMWE9AUyBdlg4bQF5GinIkwZ1fby

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  • Days before the “Summit of Democracy” hosted by US President Joe Biden is set to begin, China announced that they will be releasing their own report titled, “China: Democracy that Works,” in response. 
  • With China and Russia not invited to the summit, many feel that Biden is creating a global divide between democracies and autocracies. 
  • Chinese officials responded to the “Summit of Democracy” stating their system serves the people of China and highlighted US failings from gun violence and the Janurary 6th insurrection at the US capitol. 
  • According to the US White House, the two day summit aims to “galvanize commitments and initiatives across three principal themes: defending against authoritarianism, fighting corruption, and promoting respect for human rights.”

Grizzlies Win By 73 Setting A New NBA Record

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  • Memphis Grizzlies won 152-79 over the Oklahoma City Thunders setting a new NBA record for highest margin of victory. 
  • Jaren Jackson Jr. led the way with 27 points for the Grizzlies, who were without their best player but still had 9 players out of 12 scoring in the double digits. 
  • The previous margin was set by the Cleveland Cavaliers in 1991 when they beat the Miami Heat by 69 points.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Born and raised in the Bay Area, California, Faiza is a mother of two with a degree in Psychology and Paralegal Studies. She is passionate about lending her voice to those who are disadvantaged.

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Daily Brief

Salman Rushdie Severely Stabbed due to his Publication of the Book “The Satanic Verses”

Published

3 months ago

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14 August 2022

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Salman Rushdie 2014
  • Salman Rushdie, an author, was severely stabbed in his neck and abdomen on stage by a suspect named Hadi Matar, causing him to be on a ventilator and potentially losing an eye.
  • An Iranian leader back in the 20th century wanted Rushdie killed because of his novel, Satanic Verses, that many Muslims found disrespectful. This led Salman to go into hiding for almost a decade.
  • Translators from different countries reading this book were harshly stabbed to death when the book came out and Iranian leader, Ayatollah Khomeini called for Salman’s execution for three million dollars.
  • The Iranian government has not yet responded to this issue, but many Iranians in the media claim him to be an apostate who later became an atheist.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

China Threatens Consequences if Pelosi Visits Taiwan

Published

4 months ago

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2 August 2022

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  • US House of Representatives Speaker Nancy Pelosi has landed inTaiwan. Prior to the visit, China’s Foreign Ministry has voiced their disapproval, stating that “China will take resolute responses and strong countermeasures to defend its sovereignty and territorial integrity.”
  • US Secretary of State Antony Blinken emphasized in response  that “The speaker will make her own decisions about whether or not to visit Taiwan,” and that the US is looking to Beijing to “act responsibly and not to engage in any escalation going forward.”
  • The US has made it clear that members of Congress routinely visit Taiwan and that this trip is non-threatening and has precedent. Even so, some officials have expressed concern that China may invade Taiwan’s air defense zone or send missiles near Taiwan in retaliation.
  • Pelosi has criticized China’s leadership and vocalized support for Taiwan in the past. She is currently on her tour of Asia, with scheduled visits to Singapore, Malaysia, South Korea and Japan.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

First Grain Ship Departs Ukraine After Six Months of Russian Blockade

Published

4 months ago

on

2 August 2022

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Odesa pristav
  • The first shipment of grain departed the port of Odesa on Monday after Russia’s blockade of Ukrainian ports for the last six months trapped around 20 million metric tons of wheat and corn.
  • Russia recently made a deal with Ukraine, brokered by the UN and Turkey, allowing grain exports to resume, appeasing fears of a global food supply crisis and rising prices.
  • Ukrainian Foreign Minister Dmytro Kuleba celebrated the shipment, calling it a “day of relief for the world, especially for our friends in the Middle East, Asia, and Africa.”
  • Ukrainian President Volodymyr Zelensky was more hesitant to celebrate the shipment, stating “it is too early to draw any conclusions and make any forecasts” and he wants to “see how the agreement works and whether security will be really guaranteed.”

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

Concerns Rise As US Teeters on the Brink of Recession

Published

4 months ago

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1 August 2022

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US Stock Market Investing in the United States
  • The US economy declines for the second quarter in a row, causing, what other countries would consider, an economic recession. 
  • The prices for groceries, gas, and other basics are rising at the fastest pace since 1981. The US Central Bank is quickly trying to raise borrowing costs in order to cool the economy and ease the prices on goods, but with the contraction, at the annual rate of 0.9% in the 3 months to July, many are still getting concerned. 
  • President Biden struggles to convince the public that the economy is sound, with the unemployment rate at a low 3.6%. But with inflation in the US hitting 9.1% in June, the fastest price appreciation in 4 months, consumer spending has slowed at an annual rate of 1%. 
  • Many other countries, such as China and the UK, have been hit harder by the surge in energy prices and the War in Ukraine, causing risks from abroad. Other countries are facing much more serious problems and once they’re hit, their problems can spill over and affect the US. 

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

North Korea Could Possibly Be Preparing another Nuclear Test

Published

4 months ago

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1 August 2022

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North Koreas ballistic missile North Korea Victory Day 2013 01
  • North Korea could be preparing a seventh nuclear test, especially after Mr. Kim announced that the country is fully ready for any military confrontation with the US at a Korean War Anniversary event. 
  • A US special representative in North Korea states that Jong-Un has tested an unprecedented number of missiles this year—31 to 25. Jong-Un also stated that threats from the US required North Korea to achieve the urgent historical task of strengthening its self-defense. 
  • Jong-un also stated that South Korea is reviving a plan to counter North Korea’s threat by mounting precautionary strikes; in June alone, South Korea launched 8 missiles of its own.
  • The North Korean regime is especially angry with South Korea’s new president Yoon Suk-yeol and his so-called Kill Chain strategy. This strategy allows South Korea to launch ballistic missiles and air strikes on North Korean targets if it ever feels threatened. 
  • North Korea has also not been getting as much engagement with Washington ever since Biden replaced Trump, and could be hinting at some sort of deliberate escalation by the North, and preparations have been underway at the Punggye Ri test site since March.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

Russia Limits Gas Supply to Germany

Published

4 months ago

on

28 July 2022

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Black Sea port of Theodosiya panoramio
  • Gazprom, a major Russian energy provider, has stated it will reduce the supply of gas to Germany by half via the Nord Stream 1 pipeline due to repair work. 
  • Germany has said that they see no technical reason for the decrease in gas supply. The European Union continues to accuse Russia of weaponizing energy, with Ukrainian President Volodymyr Zelensky stating, “This is an open gas war that Russia is waging against a united Europe.”
  • Ukraine and Russia signed an agreement to allow the export of grain via the Black Sea after Russia continued to block millions of tonnes from being exported. The next day, Russia struck missiles at the port, some of which hit the infrastructure of the port.
  • The US and Ukraine are optimistic that the agreement will still be implemented, with the US State Department stating, “Despite these attacks, we do understand that the parties are continuing preparations to open Ukraine’s Black Sea ports for food and fertilizer exports…we also continue to expect that the Black Sea agreement will be implemented.”

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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