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Sunday, June 16, 2019

ECONOMIC DIPLOMACY

Sudan: Defense deals with North Korea has been scrapped

Sudanese authorities have confirmed that defense contracts with North Korea have been scrapped, in what is the first acknowledgment of such a deal with the North Korea which is under heavy U.N sanctions. "Sudan's defense...
Saudi Crown Prince Mohammed Bin Salman

Economic cooperation boosts Lebanon-Saudi ties

Economic cooperation between Lebanon and Saudi Arabia are set to take-off. More than twenty agreements are set to be signed by both companies following the formation of a new government, said Walid Al-Bukhari, charge...
Iran, Rial, economic difficulties, economy, U.S., sanctions,

Depreciation of the Rial will be eased: Iran’s central bank

The Iranian Rial has halved its value since April 2018. In a bid to place a plank under its bottom especially since U.S. sanctions are likely to be imposed sometime this week, Iranian state...
saudi arabia yemen crisis war

Saudi Arabia vs. Yemen: Ramadan ends with missiles

Holy month of Ramadan comes to an end with some deadly wishes between Yemen and Saudi Arabia. Saudi air defenses confirmed that a ballistic missile fired from pro-Iranian rebel-held territory in Yemen was intercepted...
Iran, Iranian, China, Chinese, cooperation, economic, trade, ties,

Cooperation with Iran will continue: China

Cooperation and relations with Iran will continue, said China’s state news agency Xinhua citing a statement from Chinese State Councilor Wang Yi. The stance is diametrically opposite to the Trump Administration’s diplomatic approach with Iran,...
wind farming, Morocco, blockchain, bitcoins, Soluna, wind, energy, sustainable, renewable,

Wind farming to power bitcoin mining center in Morocco

Wind farming is set to contribute 900-megawatt to Morocco’s energy grid. Soluna, a blockchain company plans on building a 900MW wind farm in order to power a computing center in Dakhla, said John Belizaire, Soluna...

EBRD to invest ‘$200 million by next year’ in Lebanon

Alain Pilloux is the vice president for banking at EBRD, or the European Bank for Reconstruction and Development, whereby Pilloux revealed that the bank has made a $75 million investment in Lebanon so far,...
Iran, China, relations,

Iran-China relations likely to expand in near future

With U.S. President Donald Trump withdrawing the United States from the 2015 landmark nuclear accord with Iran that was brought about by his predecessor Barrack Obama, Iran’s Foreign Minister along with Javad Zarif, one...

Turkey: 104 ‘plotters’ sentenced to life

A Turkish court handed life sentences to 104 suspects over their involvement in the July 2016 attempted coup, according to state media. The former military personnel were given "aggravated life sentences" by a court in...
Qatar, Doha, economic blockade, Saudi, Saudi Arabia, UAE, Bahrain, Egypt, economy, opportunity,

Qatar: Economic blockade turned into opportunity

Stifling economic blockade imposed by Saudi Arabia and Egypt on Qatar will continue to remain in place until further notice with neither Saudi Arabia nor Egypt will to "make any concessions" towards...