Via Inhabitat, news that Camassive urban masterplan has been approved for Madinat al-Hareer, or City of Silk, in Subiya, Kuwait. With a budget of £66 billion ($132bn USD), the project is an ambitious endeavor that will provide a rail network between major Middle East cities and China. As the article notes: “…Kuwait, Damascus, Baghdad, and […]
Read more »As reported in The Wall Street Journal, Venezuelan President Hugo Chávez’s decision to take over a unit of Spanish giant Banco Santander SA carries a new set of risks, touching on local confidence in the banking system As the article notes: “…Banking affects Venezuelans more personally and immediately than oil, telecommunications and other strategic industries […]
Read more »As recently reported by The Wall Street Journal, the stock market in Pakistan continues to see year-long lows, dealing a sharp rebuke to a new government struggling to gain the confidence of foreign and domestic investors. As the article notes: “…Financial authorities recently unveiled a variety of measures intended to help steady both the economy […]
Read more »As recently reported in The Japan Focus, Russia’s Far Eastern frontier is now turning into the place where energy export becomes a political tool in shaping the country’s relations with regional neighbors. China, the two Koreas, and Japan are hungry for energy, natural resources and, at the same time, seek economic and political cooperation. In […]
Read more »As recently discussed by The Latin Business Chronicle, the emerging Venezuelan-Russian energy axis is a 21st-century throwback to the Cold War Soviet-Cuban alliance and may be emblematic of geopolitical forces rising to challenge U.S. leadership and influence. As the article notes: “…Chávez and the Russian duo want to redistribute global power as expediently as possible. […]
Read more »From The Financial Times, an interesting article noting that, while investor appetite for emerging markets is dwindling as worries about rising inflation and falling equity markets grow – particularly in China and India – frontier markets such as Africa and the Middle East remain quite popular. As the report notes: “…African markets are not immune […]
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