Acquisition of Philly Shipyard Hanwha Systems and Hanwha Ocean have acquired Philly Shipyard and strategic plans are in place to invest $100 million to globally expand defense and shipbuilding operations . Philly Shipyard is a leading U.S. shipbuilder that has delivered around half of the merchant navy vessels in the United States since the year
Deep Sea Mining & Diamonds Deep Sea Mining involves the extraction of valuable minerals from the ocean or seabed using specialised and sophisticated ships designed for the purpose of deep sea mining so that mining operations are not disrupted by unpredictable weather conditions that usually prevail and have the facilities on board to excavate deep
Port Authority of New York and New Jersey The Port Authority of New York and New Jersey is a joint venture between the states of New York and New Jersey established in 1921 through an an interstate bi agency compact. The Port of New York is the main gateway of the Eastern Seaboard of North
Spin offs and Economic Benefits of Ports in Pakistan A seaports economic impact stretches far beyond ports limits. Taking into account the direct and flow-on effects of trade entering and leaving the port area the added value supports a port cities businesses, communities and its people. Local Government Areas and the communities adjacent to the
Reko Diq Copper Gold Mining project in District Chagai of Balochistan Background In the year 1993 the Balochistan Development Authority (BDA) and Chagai Hills Exploration Joint Venture Agreement (CHEJVA) entered into a joint venture in which the shareholding constituted of Foreign Investor at 75 % and BDA at 25 % and BDA was entitled to
Sovereign Funds Hidden Agendas The scale of operations of Sovereign Funds is worrisome. In the year 2017 Norway’s sovereign wealth fund (SWF) exceeded USD 1 trillion in value signifying that countries have more financial muscle then private corporations. Apple and Amazon being enormous IT companies have exceeded this threshold. What is worrisome is that SWF’s
Random Musings on Economy Part - I Curse of Banking Spread In the year 2008 the banking spread or rate difference between what banks pay as interests to depositors and what they charge on loans to business was 7.05 % which was the highest in the world . The banking spread in the US at
UAE no longer attractive Investment Hub for " Hot money " Financial Action Task Force (FATF) , a Paris-based global watchdog , has categorised UAE on the FATF 'gray list' endangering its position as a regional financial centre . Now transactions and commercial trade in the seven Emirates of the United Arab Emirates are strictly
UAE no longer attractive Investment Hub for " Hot money " Financial Action Task Force (FATF) , a Paris-based global watchdog , has categorised UAE on the FATF 'gray list' endangering its position as a regional financial centre . Now transactions and commercial trade in the seven Emirates of the United Arab Emirates will be
The global economy is witnessing with alacrity the threat hurled by the United States of America to impose tariff on potential imports from China of goods valuing around USD 60 billion, ostensibly on the grounds that it violated sanctions imposed on Iran and North Korea. The trade tussle between these two global economies was simmering
