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Saudi Vision 2030 and Defense

KSA to localise Defense Manufacturing by 50 % The Saudi Vision 2030 is primarily concerned with diversifying the oil and gas exploration ,refining and petrochemical economy and acquiring self sufficiency in the defense and security fields to reduce external reliance, provide business and vending opportunities for Saudi businesses , generate employment for its citizens to

Turkey Saudi Rapprochement & Dollars

Diplomacy & Dollars The recent embrace between Turkiye (renamed at the UN) and Saudi Arabia culminated in a deposit of $ 5 billion by the Saudi Development Fund with the Central Bank of Turkiye whose net foreign exchange reserves had slumped to less then $ 20 billion this year .No conditions appear to have been

Mockery of UN Peacekeepers

UN Peacekeepers Remain Silent Observers In the year 1995 Bosnian Serb forces faced no resistance from U.N. Peacekeepers when it overran towns in their presence .Whether complicit or on account of sheer indifference  the UN Peacekeepers looked on as silent spectators when Bosnian Serbs conducted a planned and premeditated operation and raped , executed and

Corporate Agriculture in the Desert

Food Security and Corporate Farming in Gulf Countries The concept of corporate farming revolves around fostering of efficiency as compared to traditional peasant farming prevalent in many third world countries .The corporate approach to farming encourages , institutionalises and induces private sector investment in agriculture with resultantly  higher output, income and even exports after reasonable

Beware Saudi Gifts

Chopard Jewels in Brazil Credit Times of Malta The Kingdom of Saudi Arabia gifted a diamond necklace, earrings and a watch to Michelle the spouse and First Lady of the Brazilian President Jair Bolsonaro during an official visit to the Kingdom. The jewels are certified by Chopard with an estimated market value at around three

The Cringe

The Celeb Cringes I came across an interview of a celebrity some time back and without really listening presumed it was a typical ranting of a celebrity. Knowing the person from my school days something or some phrase remained stuck  in the back of my mind and I played the video again. It was a

A Mother Drowns

Refugees drown of the Coast of Italy A woman hailing from the largest province drowned off the coast of Italy last week. She was amongs several aspiring asylum seekers in search of a better life. The woman hailing from an ethnic community was an accomplished sportswoman and had many laurels to her credit. What then

India Climate Change & Fossil Fuels Subsidy

Globally Governments Subsidise Diesel Governments across the world incurred almost € 900 billion in fossil fuel subsidies last year which is almost twice the expenditure suffered in the year 2021 Subsidies on Gasoline for Indian Conglomerates India's Union Budget for the financial year 2023-24 will permit subsidies to  state owned Indian oil corporate retailers namely

By |2023-03-02T06:53:28+00:00March 2nd, 2023|Categories: Economy Finance & Transparency|Tags: , , , , , |1 Comment

LNG & Environmental Concerns

LNG Carrier Survives Collision A bulk carrier of 35,400 dwt collided with a 162,000 cbm and  289 meters long LNG tanker off Gibraltar last August .The LNG vessel is owned by an Omani company and flagged in the Marshall Island.The bulk carrier was beached on a sandy seabed at 17 m depth .The damage caused

By |2023-03-01T09:23:38+00:00March 1st, 2023|Categories: Maritime Logistics & Geostrategy|Tags: , , , , , , |0 Comments
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