By Nicole Hunt

New week, New Year – the Chinese Year of the Dragon, that is.

But while weeks of celebrations are kicking off in China, the mood will be considerably less celebratory in Brussels, where the EU foreign ministers and euro area finance ministers are holding monthly meetings. The Foreign Affairs Council is scheduled to discuss new sanctions against Iran, including the possibility of imposing sanctions on Iranian oil, while finance ministers will hear from Italian Prime Minister Mario Monti on his government’s plans for economic and labour reforms.

In Cairo, the Egyptian parliament holds its first sitting following marathon elections between November and January. The need for re-votes and subsequent delays in results reporting means the full make-up of the National Assembly is still unknown, though it’s likely to be dominated by the Muslim Brotherhood.

Libyan authorities have until Monday to submit information to the International Criminal Court in The Hague on the conditions of Saif al Islam Gaddafi’s arrest and detention, and to notify the court whether they intend to hand him over for trial. Gaddafi has been indicted by the ICC on charges of crimes against humanity.

Spanish Magistrate Baltasar Garzon, who went on trial last week on charges of illegal phone tapping, is back before the court on Tuesday to face the allegations that originally saw him suspended last spring. Right-wing lobby groups have accused Garzon of overstepping his judicial authority by investigating disappearances under Franco’s regime despite a 1977 amnesty.

US President Barack Obama delivers the final State of the Union address of his first term in Washington. While no details of the speech have been released (other than that Obama will follow it up with a five-city tour through the battleground states of Iowa, Arizona, Nevada, Colorado and Michigan), the focus is likely to be on the economy and employment.

German Chancellor Angela Merkel opens the World Economic Forum Meeting, better known as Davos, on Wednesday. The annual gathering attracts heads of state and government from across the world, with nearly 40 leaders expected to attend this year alongside IMF Managing Director Christine Lagarde, World Bank President Robert Zoellick, Arab League Secretary General Nabil El Araby and Archbishop Desmond Tutu.

Despite the star-studded Davos meeting, all eyes will be on Cairo as the Egyptian revolution marks its first anniversary. However, the mood is likely to be less celebratory than would be expected, as protesters have grown impatient with the rate at which power is being transferred from the military to civilians, as well as the ongoing trial of former President Hosni Mubarak, and activists have continued to clash with police in recent months.

Thursday is a much quieter anniversary, marking one year since the first, tentative protests in Syria, where the death toll has now reached somewhere between 5,000 and 6,500. Widespread demonstrations did not take place in Damascus until 15 March, which is considered the beginning ofthe Syrian uprising, but smaller gatherings were held on 26 January, inspired by Tunisia and Egypt.

Thursday is also seen as a key deadline in the Middle East Quartet’s plan for the progress of peace talks between Israeli and Palestinian officials. The parties are supposed to have put forward ‘comprehensive proposals’ on border and security improvements by now, and Palestinian Authority President Mahmoud Abbas has demanded that a settlement freeze be put in place.

Senegal’s Constitutional Court is scheduled to make a decision on Friday as to the eligibility of candidates for the country’s 26 February presidential election. Incumbent President Abdoulauye Wade maintains that since he was first elected in 2000, three years before the introduction of a two-term limit, he is still eligible to run for another term (despite re-election in 2007). Singer Youssou N’dour is also among candidates.

After a delay of over a month, Silvio Berlusconi’s trial for paying for underage sex resumes in Milan. Both sides will be looking ahead to a 7 February hearing, during which the Constitutional Court is due to hear a motion brought by the Senate requesting that the case be moved to a special minister’s court.

The Cuban Communist Party holds its national convention on Saturday, the first since Raul Castro succeeded his brother Fidel as the Party’s Secretary General last year.

Saturday also marks 100 days since the death of Libyan leader Muammar Gaddafi.

With the lower house elections over and Parliament in place, Egypt begins the first round of voting for the upper house or Shura Council on Sunday. A second stage of elections will be held 14-15 February, with runoffs scheduled for both stages, if necessary. Plans for a three-stage vote, in line with the lower house elections, were abandoned in favour of a shorter timeline that will see the Shura Council sitting by 28 February.

By Nicole Hunt

Monday looks to be the biggest day of what should be an interesting week internationally. Kicking off with the ongoing EU debt crisis, German Chancellor Angela Merkel hosts French President Nicolas Sarkozy in Berlin to iron out amendments to the new EU fiscal stability treaty that was agreed last month.

Italian bank Unicredit opens its €7.5bn rights issue, having discounted shares by about 43 per cent in a bid to raise funds. Investors will be watching the sale closely to gauge market support for European banks.

South Korean President Lee Myung-bak begins a three-day visit to China at the invitation of President Hu Jintao. Discussions are expected to focus heavily on regional security in the wake of the death of North Korean leader Kim Jong-il.

Malaysian opposition leader Anwar Ibrahim’s sodomy trial, which has dragged on for nearly two years, finally comes to an end as the jury is scheduled to deliver its verdict in Kuala Lumpur. In addition to Ibrahim’s freedom – he faces up to 20 years in prison if found guilty – the verdict will also determine who will run against Prime Minister Najib Razak in the country’s next elections, which are not due until June 2013 but look increasingly likely to be called this year.

Attentions turn Stateside on Tuesday as New Hampshire Republicans cast their ballots in the presidential primary. Following the 3 January Iowa Caucus, in which Mitt Romney beat Rick Santorum by just eight votes, Michelle Bachman announced that she was dropping out of the race.

In Washington, the Bulletin of Atomic Scientists announces whether to move the minute hand on the Doomsday Clock, which represents how close humanity is to ‘catastrophic destruction’. The last time the clock was moved, in January 2010, the BAS’ outlook was somewhat positive, moving the minute hand back one minute from five to six minutes before midnight.

Tuesday also marks the 10th anniversary of the arrival of the first detainees at the Guantánamo Bay detention centre.

The High Court in London is expected to rule on Wednesday whether the Occupy London protesters can remain in their camp outside of St Paul’s Cathedral. Despite legal action from the City of London Corporation, the camp has been in place since 15 October.

The World Economic Forum releases its annual Global Risk Report ahead of the Davos Forum, which opens on 25 January. Last year’s report found that the financial crisis had ‘drained’ the world’s ability to deal with shocks.

The European Central Bank’s Governing Council meets in Frankfurt on Thursday to decide whether to raise, lower, or maintain the euro area’s interest rate. After last month’s meeting, during which the interest rate was decreased to 1 per cent, ECB President Mario Draghi announced major refinancing operations to support bank lending and market activity.

Alleged al Qaeda member Umar Farouk Abdulmutallab, who pled guilty in October to attempting to set off an explosive device in his underwear on a Detroit flight on Christmas Day in 2009, is sentenced in Detroit.

India is hoping to celebrate a milestone anniversary on Friday. If no new cases of polio are reported between now and then, the country will mark its first-ever year without any new cases. The World Health Organisation considers a disease to be eradicated when no new cases are reported for three consecutive years. Apple is set for a massive sales boost as the iPhone 4S goes on sale in China and 21 other countries in South America, the Caribbean and Africa.

Apple is set for a massive sales boost as the iPhone 4S goes on sale in China and 21 other countries in South America, the Caribbean and Africa.

Saturday marks the one year anniversary of the resignation of Tunisian President Zine El Abidine Ben Ali, whose 23-year rule was ended after nearly a month of protests dubbed the Jasmine Revolution. The success of protests in Tunisia spurred similar movements across the region, with widely varying results in Egypt, Libya, Bahrain, Yemen, Algeria, Morocco and Syria.

In Taiwan, voters go to the polls to elect a new President for a four year term. Incumbent Ma Ying-jeou faces challenges from China-sceptic Tsai Ing-wen and pro-Beijing James Soong.

Elections also take place in Kazakhstan on Sunday, following President Nursultan Nazarbayev’s snap decision to dissolve Parliament on 16 November. The vote is expected to see at least one opposition party enter Parliament, usually dominated by Nazarvbaeyev’s Nur Otan party, though that party is likely to be close ally Ak Zholl.