Courtesy of The Wall Street Journal, a report on the impact of Guyana’s new oil find: To mark the flow of the world’s biggest oil discovery in years, President David Granger declared a new holiday, National Petroleum Day, on Dec. 20. Backed by soothing Caribbean tunes in a video address to his countrymen, Mr. Granger […]
Read more »Courtesy of The Financial Times, a report on Egypt’s efforts to seek investors for military-run companies: Egypt wants to attract investors into backing companies owned by the country’s army to address private sector complaints that they are being crowded out of lucrative sectors by the military. The Sovereign Fund of Egypt is assessing 10 companies […]
Read more »Via The Diplomat, an article on the Indonesia Railway Development Consortium: As in other Southeast Asian coutries, the Indonesian rail sector is a colonial legacy established with some dependence on external technologies. However, Indonesia has moved on to an independent approach, with the intent of developing its indigenous rail industry. To be fair, other regional […]
Read more »Courtesy of The New York Times, a look at how, after decades of socialist-style control devastated the economy, capitalism is back in Venezuela, helping keep the country afloat — and Nicolás Maduro in power: As Venezuela tumbled deeper into economic crisis in 2017 and its people searched for a way out, one name kept coming up: […]
Read more »Via The Diplomat, an article on how Iran and Turkey Compete in Central Asian trade: Since 2014, Iran has pivoted toward Eurasia in an obvious shift in strategy. Signing a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU) was the first serious step in this shift of focus. Two Central Asian states, Kazakhstan […]
Read more »Via The Asia Times, a report that China is looking to the Irrawaddy River as alternative trade route as its high-speed rail plan stalls: Ethnic wars, security concerns and official foot-dragging have all conspired to stall China’s Belt and Road Initiative (BRI) plan to build a high-speed railroad from its southwest down through Myanmar’s volatile northern […]
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