Via Foreign Policy, a look at Egypt’s economic challenges: The Egyptian republic’s economic course has been problematic, to say the least. Gamal Abdul Nasser’s experiment with nationalization, central planning and Soviet-assisted industrialization left the economy hobbled by regulation and inefficiency. Anwar Sadat’s successor regime relaxed the government’s grip, but accumulated a mountain of foreign debt […]
Read more »Via Eurasia Review, a report that Libya is planning the separation of its national oil corporation’s exploration and refining arms. As the article notes: Libyan Minister of Oil Abdulbari al-Arusi on Thursday (November 29th) held a meeting with the local council in Benghazi to discuss the management of the region’s oil resources and address political […]
Read more »Via The New York Times, an interesting article on Cuba: IT was just a small sign, red, round and electrified, advertising homemade pizza — the kind of thing no one would notice in New York or Rome. But in Havana? It was mildly amazing. Cuba, after all, has been dominated for decades by an all-consuming […]
Read more »Courtesy of The Financial Times, an interesting article on Venezuela’s economy: It has been pointed out before that Father Christmas and Hugo Chávez share a thing or two in common. Venezuela’s populist president may not have the fluffy white beard, but he has roughly the right build, and sometimes the jovial temperament. Most importantly, the […]
Read more »Courtesy of The Financial Times, a look at Nigeria: With painful irony, oil-rich Nigeria is unable to supply its own population with electricity. The country ranked 178th of 185 economies on access to electricity for new businesses in the World Bank’s latest “Doing Business” publication. Infrastructure is, not surprisingly, a key to the country’s future […]
Read more »Via the Journal of Energy Security, a report on China’s efforts to focus on oil & gas opportunities in Central Asia: There is no question that if any country has experienced unprecedented economic growth over the past two decades, it is China. Since 2008, at a time when global economies recorded one of their slowest […]
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