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Satellite image of the Middle East. The economy of the Middle East is very diverse, with national economies ranging from hydrocarbon-exporting rentiers to centralized socialist economies and free-market economies. The region is best known for oil production and export, which significantly impacts the entire region through the wealth it ...
Trade along the Swahili coast dates back to the 1st century C.E. and up to the 19th century C.E. Though there are not many reliable written records of trade along the East African coast between the 1st and 11th centuries, trade still occurred between the Indian Ocean coast and the rest of the world (India, China and Arabian countries
Trade played an important role in the spread of Islam in some parts of the world, such as Indonesia. [6] [7] During the early centuries of Islamic rule, conversions in the Middle East were mainly individual or small-scale. While mass conversions were favored for spreading Islam beyond Muslim lands, policies within Muslim territories typically ...
Conflict in the Middle East is escalating once more, but the mood music across financial markets remains upbeat for now due to shifts in oil production and as global interest rate cuts eclipse ...
U.S.–Middle East Free Trade Area: Established in 2003 by the United States, this aimed to gradually increase trade and investment in the Middle East by assisting countries to implement domestic reforms and protecting private property rights. Euro-Mediterranean free trade area: The initial aim is to create a matrix of Free Trade Agreements.
The Middle East is an artificial construct created by British and French diplomats after World War I, and the recent collapse of Syria has led to calls for the region to be divided according to ...
The Middle East was essential to the British Empire, so Germany and Italy worked to undermine British influence there. Hitler allied with the Muslim leader Amin al-Husseini—in exile since he participated in the 1936–1939 Arab revolt in Palestine—as part of promoting Arab nationalism to destabilize regional British control.
Military action will not be an easy fix, said Almasmari, the Yemeni mediator and publisher, who warned the militia could retaliate by targeting “U.S. bases in the Middle East, U.S. ships ...