Gabon has been on a quest to diversify its economy away from its dependence on oil for some years now. Crude oil sales, along with manganese, account for 98% of the export revenues generated by the country every year. One of the areas it has focused on is ecotourism, taking advantage of its natural resources, since […]
Read more »Via The East African, a report on growing UAE interest in Africa: The United Arab Emirates (UAE) has joined the bandwagon of global superpowers scrambling to gain commercial influence in Africa, targeting a share of the continent’s 1.2 billion people market for its goods. The latest report by property consultant firm Knight Frank shows UAE […]
Read more »Via Project Syndicate, commentary on how – as more countries call for the AU to be granted full membership – African leaders must reach a consensus on economic issues, devise a clear plan for reforming the global financial architecture, and draw up a list of possible representatives to send to G20 summits: With a growing […]
Read more »Via Al Monitor, a report on efforts by both Riyadh and Abu Dhabi to develop closer business ties with Pakistan: The UAE and Saudi Arabia have accelerated the pace of investments in Pakistan. If Abu Dhabi decides to invest further in Pakistan, it is quite likely that Riyadh will follow suit as part of their unspoken rivalry. […]
Read more »Courtesy of Bloomberg, an article on the continued growth of Dubai as a global hedge fund center, where a new breed of digital nomad will raise the hackles of Western governments: First came the tacky influencers, broadcasting raucous yacht parties to their followers caught in pandemic lockdowns. Then came Russian wealth, from cash to crypto, looking for a […]
Read more »Via The Frontier Post, a report that Afghanistan has invited Russia and Kazakhstan to participate in constructing the Trans-Afghan railway project: Afghanistan invited Russia and Kazakhstan to participate in constructing the Trans-Afghan railway project. The acting minister of Commerce and Industry, Nooruddin Azizi, asked both countries to take part in a project to build a […]
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