Azerbaijan maintains friendly and partner relations with Turkey, Georgia, Russia and Iran. It has problems only with Armenia, which occupied 20% of Azerbaijani lands and holds them under occupation for over 20 years. In 1988, the Armenians of Karabakh voted to secede and join Armenia. This, along with mutual massacres in Azerbaijan and Armenia resulted … Continue reading
By Alistair McIlgorm Amid growing demand for seafood, gas and other resources drawn from the world’s oceans, and growing stresses from climate change, we examine some of the challenges and solutions for developing “the blue economy” in smarter, more sustainable ways. As the world’s land-based economies struggle with annual rates of around 2% growth in Gross … Continue reading
After years of negotiations, there has been a recent breakthrough between Iran, the United States and other world powers about Iran’s nuclear program. By Templeton Emerging Markets Group While the deal certainly was controversial, and is still under debate in the United States, strictly from an investment standpoint, we think it represents an exciting development not … Continue reading
A number of recent major international developments suggests that Washington has recognized Moscow as an equal partner. US officials sat down at the negotiating table with their Russian counterparts. This is evidenced by the statement from the chief of the Russian Airborne Troops about possible assistance to Syria. What are they negotiating? Western sources say … Continue reading
Saudi Arabia plans to raise $27 billion on the bond market by the end of 2015, according to the Financial Times. The country needs a $106 per barrel crude price to balance the budget. The bond sale is an attempt to mitigate the 47 percent decline in oil. Riyadh is planning to issue $5.3 billion in bonds … Continue reading
The World Bank is nudging up its 2015 forecast for crude oil prices from $53 in April to $57 per barrel after oil prices rose 17 percent in the Apr-Jun quarter, according to the Bank’s latest Commodity Markets Outlook, a quarterly update on the state of the international commodity markets. The Bank reports that energy … Continue reading
In a televised speech on Sunday in Damascus, President Bashar al-Assad has vowed to win his country’s long-running civil war. He has acknowledged his troops are struggling to maintain control. The major issue is the lack of manpower. Syrian president also tried to justify why the Syrian army has given up some areas of Syria. Assad said … Continue reading
The signing of the gas supply contract with China via the Altai pipeline, known as Power of Siberia 2, is being postponed for an indefinite period, Vedomosti newspaper reports. The Russian news agency cited two federal officials explaining that China is reviewing its energy needs due to the economic slowdown. The move is a significant blow to Russia as back … Continue reading
The Russian market has replaced China to become the most attractive BRICS country for investors in 2015, according to Bloomberg. Pricier oil that has rebounded from a six-year low and easing political risks make it the best BRICS investment bet. Analysts polled by Bloomberg say Russian shares are undervalued, by up to a half compared with … Continue reading
Oman’s total subsidies will touch $7.27 billion this year, the International Monetary Fund (IMF) reports in a study. This is against a subsidy estimate at $4.64 billion for 2015 in the state budget and an actual subsidy of $4.36 billion in 2014, which indicated a fall of 17.11 per cent over the previous year due … Continue reading