This tag is associated with 9 posts

In Boost For al-Sisi, Gulf Nations Pledge $12 Billion In Aid To Egypt

Three Gulf Arab allies have pledged a further $12 billion of investments and central bank deposits to Egypt on Friday during the first day of its international summit, Egypt The Future: Egypt Economic Development Conference (EEDC), in a big boost to President Abdel-Fattah al-Sisi as he works to reform the economy following years of political upheaval. The new pledge of investment adds to the total … Continue reading

Vietnamese Government Announces Reform Push To Improve Business Environment, Economy

The Vietnamese government on Friday announced a reform push that it said is focused on improving the nation’s business environment, strengthening its business competitiveness, and improving its economy over the next two years in an effort to better compete against regional peers, Vietnam’s national radio broadcaster reports. Among a number of proposals by the government include reforms that would cut time-consuming … Continue reading

Neo-Medievalism: Austerity And Extremism In Greece

John Rapley believes that ‘neo-medieval’ forms of governance are appearing on the global stage. In fact, this phenomenon may not be confined to the developing world. Embryonic forms of neo-medievalism have appeared in Greece and could spread to the rest of Europe. By John Rapley During the negotiations over an extension of Greece’s bail-out, the … Continue reading

More De-Dollarization: China’s Global Payment System Ready And Could Launch By September

China’s long-awaited global payment system to process cross-border yuan transactions is ready and could launch as early as September, Reuters reported on Monday, citing sources with direct knowledge of the matter. The launch of the China International Payment System (CIPS) will pave the way for internationalizing the yuan and should greatly increase global usage of the Chinese currency by cutting … Continue reading

China Sets 2015 GDP Target At “About 7%”, Announces Raft Of Proposals To Support Economy

China has lowered its economic growth forecast to “about 7 percent” in 2015 at the opening of its annual meeting of parliament, the National People’s Congress — the nation’s biggest yearly political event — which started on Thursday and generally lasts about 10 days. Chinese Premier Li Keqiang said on Thursday that China will set its official 2015 economic growth target, or gross domestic product … Continue reading

China Is Pivoting …Everywhere

By Pepe Escobar The world’s leading economy is on a roll as it enters a new year in the Chinese zodiac. Welcome to the Year of the Sheep. Or Goat. Or Ram. Or, technically, the Green Wooden Sheep (or Goat). Even the best Chinese linguists can’t agree on how to translate it into English. Who cares? … Continue reading

Economic Boom On Thai-Myanmar Border Brings Hope

By Steve Sandford Thailand and Myanmar are working on big plans to boost trade and entice businesses to locate along their long land border. The influx of money is reshaping a region that has suffered from long-running ethnic conflicts. In western Thailand, where the Moei (Thaunggin) river marks the Myanmar border, economists estimate trade at this … Continue reading

Iran: Opposition To Western Sanctions In The Banking Sector

By Oleg Reschikov The Islamic Republic of Iran has for many years suffered from significant multifaceted pressure from the West. Persistence and resourcefulness has allowed Iranian businesses and Iran as a whole to skillfully overcome the barriers erected by US and European sanctions. With the resumption of Iran’s nuclear program in 2005, the ring of sanctions … Continue reading

Pakistan’s Finance Minister Wants Investors To Bet On Pakistan — And Feel Safe Doing So

By Nikkei Asian Review Pakistan’s government has its hands full. The cabinet of Prime Minister Nawaz Sharif, formed in June 2013, is simultaneously attempting to spark economic growth, privatize state-owned companies, resolve energy shortages and deal with extremists within and around the nation’s borders. As Finance Minister Ishaq Dar made clear in two wide-ranging conversations with … Continue reading

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