This tag is associated with 12 posts

Persia’s Approaching Gold Rush

By Pepe Escobar You may have heard of the N-11. Yes, it’s another clever Goldman Sachs concoction, to the benefit of that prized specimen – the “global investor”. These are the next BRICS, the new emerging powers. The N-11 is made up of: Bangladesh, Egypt, Indonesia, Iran, South Korea, Mexico, Nigeria, Pakistan, Philippines, Turkey and Vietnam.  Some … Continue reading

Thai Junta Shifts From Martial Law To Absolute Power

By Thitinan Pongsudhirak Thailand’s military-led government has invoked Article 44 of the interim constitution to replace martial law. The controversial article vests complete power and authority with Prime Minister General Prayut Chan-ocha in his capacity as head of the National Council for Peace and Order — Thailand’s junta that has governed through martial law for … 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

Venezuela Orders U.S. To Slash Caracas Embassy Staff By Over 80% Amid Tensions

Venezuela’s government says it’s giving the U.S. two weeks to slash the size of its embassy staff in Caracas by over 80% from 100 diplomats to a mere 17 as tensions between the two nations rise, Reuters reported on Monday. Venezuela’s Foreign Minister Delcy Rodriguez made the announcement on Monday following a meeting with the top U.S. diplomat … Continue reading

Egypt To Join Russia-Led Eurasian Free Trade Zone

Egypt has established a free trade zone with the Russian-led Eurasian Economic Union, which includes Russia, Armenia, Belarus, and Kazakhstan, president Sisi of Egypt announced at a joint news conference with Russian President Vladimir Putin. “We have reached an agreement to establish a free trade zone between Egypt and the Eurasian Economic Union,” Egyptian President … Continue reading

Saudi Arabia: Travel And Tourism Expo In Jeddah ‘To Boost Economy’

Organizers of the three-day Jeddah International Travel and Tourism Exhibition that kicked off Wednesday say the event would help boost the city’s economy. The exhibition was launched under the auspices of Jeddah Gov. Prince Mishaal bin Majed and inaugurated by Hani Abu Ras, the city’s mayor. It is being held in partnership with the Abu … Continue reading

Sisi Promises Investment Opportunities For Economic Summit Guests

President Abdel Fattah al-Sisi has promised several investment opportunities for potential participants at the major economic summit. Egypt will host the event in March to attract investors and is expected to present its economic strategy (investment options) to a top tier group of world leaders and business figures. The conference is scheduled for 13-15 March in Sharm … Continue reading

Africa’s Airspace Still An Open Question

By Anita Powell Many topics are up in the air at this year’s African Union summit among them, literally: air. For nearly three decades, African aviation officials have tried, and failed, to get the continental body to implement an agreement to make the entire continent one connected, free airspace for civilian aircraft. Proponents say that enacting … Continue reading

North Korea Invites English-Speakers To Teach Tourist Guides

English speakers have a unique chance to peek behind the Iron Curtain of the world’s most secretive country. North Korea has introduced a new program, which will see foreigners providing training for local tourist guides. Over a month, specialists will teach English and the basics of working with tourists at the Pyongyang Tourism College. The … Continue reading

Oil Prices: Eventually The Gulf States Will Run Out Of Power – OpEd

By Steffen Hertog Oil prices have now halved in six months to around $50/barrel thanks to OPEC’s refusal to cut production. This means all the member countries are revising their government spending policies. While countries such as Iran and Venezuela face an imminent fiscal crisis, the short-term ramifications for the Arabian peninsula’s oil monarchies are less dramatic. In … Continue reading

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