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
India’s Knee Jerk Approach to China’s Maritime Dominance The nationalist fervor prevailing in India is spilling into the maritime sphere and its nationalists visualise the 7,500 km coastline as a connecting artery with the world's busiest shipping routes. It is perceived that China has invested heavily in Sri Lankan ports at Colombo and Hambantota. India’s
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
Under 30 College Dropouts The digital world has exposed the startup ecosystem culture it seems. The much glamorised and touted startup ventures by Under 30 individuals apparently raised around $5 billion in funding and it is being reported that many Under 30 persons are involved in scams worth almost $18 billion. College and university drop
No Recognition but Trade goes on Despite having no official relations China is Taiwan’s largest trading partner and the US comes in a close second. Both countries maintain no official relations yet their two way annual trade rose to US $ 328 billion and the ready supply directly from Taiwan of processor chips is a
The French hospitality giant Accor has partnered with a company that appears to have been controlled by the ruling family of Nakhchivan and evidence shared to OCCRP reveals that the Talibov family was likely behind a corporate group that owns a property empire in Georgia worth $270 million.Response from Accor is awaited to date.
