EMerging Equity
Egypt
Russia And Egypt Conduct Joint Naval Drills In The Mediterranean Sea
Russian and Egyptian warship crews have started naval maneuvers within combined force teams and drilled an “encounter sea battle,” the Russian Defense Ministry reported on Thursday according to Tass. “On June 11, crews of Russian and Egyptian warships involved in the Bridge of Friendship-2015 naval exercise started to fulfill tasks at sea within combined tactical … Continue reading
African Union Summit To Endorse Creation Of A $2 Trillion Free-Trade Zone
“African nations are taking steps toward creating a free-trade zone with a combined size of $2 trillion, as heads of state meet in Johannesburg (South Africa) this week,” Bloomberg reports. Talks on removing the barriers to trade and the movement of people between the continent’s 54 countries will begin on June 15 at the African … Continue reading
Africa To Launch A Cairo-To-Cape Town Free Trade Area That Is Bigger Than The European Union
“Africa’s three major regional economic committees (RECs) are set to finalise an agreement on forming the continent’s largest free trade area (FTA) during a tripartite summit taking place 7-10 June in Egypt’s Sharm El-Sheikh,” Ahram Online reports. “The tripartite grouping, which accounts for 51 percent of Africa’s $2.3 trillion GDP, will sign a deal Wednesday to … Continue reading
What Are The Implications Of The “Saudi Reshuffle�??
By Petr Lvov Now that the initial wave of disputes over the major overhaul of Saudi government that occurred on April 29 settled down, one can take a closer look at what these changes can actually mean for the future of the region. As you must already know, early in the morning on April 29 Saudi … Continue reading
Modi’s Rival To China’s Silk Road: India’s ‘Cotton Route’
By Andrew Korybko, Sputnik News An important three-day conference entitled “Indian Ocean: Renewing the Maritime Trade and Civilisational Linkages” ended last week in Bhubaneswar, whereby multiple experts from nine government agencies and elsewhere announced the ‘Cotton Route’ to rival China’s Silk Road. The announcement came after Prime Minister Modi’s key visit to three Indian Ocean states — the Seychelles, Mauritius, and Sri … Continue reading
Nigeria: The Dynamics Of An Oil Crisis
By Daniel Djouder The new trend of low oil prices has rapidly escalated, carrying negative effects for producers and positive effects for the economies of importers, though these have been slow to become apparent. In this complex scenario, the oil-dependent country of Nigeria finds itself in a very peculiar position owing to a specific mix of … Continue reading
Saudi Arabia, Gulf Allies Launch Military Operation In Yemen As Civil War Ignites Regional Firestorm
Saudi Arabian forces, joined by nine other Gulf Arab allies, have launched a military operation in Yemen against Shiite Houthi rebels, the Saudi ambassador to the U.S. said. According to Ambassador Adel al-Jubeir, the military operation in Yemen started at 7 p.m. EST (11 p.m. GMT) on Wednesday night. Adel al-Jubeir said that Saudi Arabia … Continue reading
Russia Signs $10 Billion Deal To Build Jordan’s First Nuclear Power Plant
Jordan has signed a $10 billion deal with Russia on Tuesday to build the kingdom’s first nuclear power plant, with two 1,000-megawatt reactors in the country’s north, Reuters reports. The energy-poor kingdom imports nearly 98 percent of its energy from oil products and crude and is struggling to meet electricity demand as its population rises and its industry … Continue reading
Westward Ho On China’s Eurasia BRIC Road
By Pepe Escobar, Asia Times What’s in a name, rather an ideogram? Everything. A single Chinese character – jie (for “between�?) – graphically illustrates the key foreign policy initiative of the new Chinese dream. In the upper part of the four-stroke character – which, symbolically, should be read as the roof of a house – the … Continue reading
Egypt’s Plan To Construct New Mega-Capital City May Cost $300 Billion
Egypt’s plans to construct a new massive capital city may cost around $300 billion to complete, according to Reuters, citing the head of the UAE group leading the mega-project. Egypt’s announcement of a plan to create the new mega-city came last week following a major high profile international investment summit, Egypt The Future: Egypt Economic Development Conference (EEDC), which was … Continue reading
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