Courtesy of Bloomberg, a report on an estimated $25B African gas pipeline project: Some pipe dreams can come true after all. When Morocco in 2016 came up with the idea of a 4,300-mile (6,900-kilometer) conduit to transfer natural gas from West Africa to the Mediterranean, few thought it feasible. In the decade since, however, the […]
Read more »Via Bloomberg, a look at how investors are looking towards Africa to fill the fuel supply gap: The war in the Middle East has investors scouring for an alternate energy fix. Africa can be a major beneficiary. Executives who were considering whether to enter African markets are now looking at how fast they can deploy […]
Read more »Courtesy of the New York Times, a look at the efforts of Moutaz and Ramez Al-Khayyat, two of three Syrian-born brothers, to influence foreign policy while discussions are underway about potential Trump family deals in Syria: Last summer, Representative Joe Wilson, Republican of South Carolina, sat in his Capitol Hill office in rapt attention as Middle […]
Read more »Via Arabian Business Gulf Insight, a report on Oman’s decision to open an investment bank in Angola: Oman has established a corporate investment bank in Angola to expand its financial footprint in Africa’s emerging markets. The African Bank of Oman (ABO) falls under the objectives of Vision 2040, which seeks to diversify sources of national income […]
Read more »Via Bloomberg, a report on plans for another new city in Egypt: Egyptian property developer Talaat Moustafa Group unveiled a plan for a 1.4 trillion Egyptian pound ($27 billion) new city on the outskirts of Cairo. Spanning over 2 million square meters, the city will involve 165 residential, business and commercial towers, according to the company’s chief […]
Read more »Via The Diplomat, a report on how – despite consistent chatter about the need for diversification – Ashgabat has struggled to reach customers other than China given infrastructure constraints: A month after Turkmenistan’s top leader, Gurbanguly Berdymukhamedov, was warmly welcomed in Beijing, China’s Vice Premier Ding Xuexiang joined him at a ceremony inaugurating a new phase […]
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