October 19th, 2019
Courtesy of The Visual Capitalist, an interesting look at the world’s cities in 2035, many of which will be in developing countries: Cities are the engines of the modern economy. Over half of the world now lives in urban areas, and urbanization continues to shape the trajectory of global growth in unprecedented ways. However, […]
Read more »North Korea’s ‘Hotel of Doom’
October 17th, 2019
Via CNN, an interesting look at North Korea’s Ryugyong Hotel: In 1987, ground was broken on a grand new hotel in North Korea’s capital, Pyongyang. The pyramid-shaped, supertall skyscraper was to exceed 1,000 feet in height, and was designed to house at least 3,000 rooms, as well as five revolving restaurants with panoramic views. The Ryugyong Hotel […]
Read more »October 17th, 2019
Via The Economist, a look at Lebanon’s economic woes: In the lobby of a Beirut bank, three customers stuff wads of $100 bills into plastic bags. Each note has its serial number recorded on a receipt, as local law requires. One man’s receipt was so long it trailed on the ground as he left the […]
Read more »Somalia Open for Business, says Petroleum Minister
October 14th, 2019
Via Oil News Kenya, a report on Somalia’s hydrocarbon potential: Rich in hydrocarbons and possessing a favorable geological structure, Somalia holds huge opportunities for investors looking to enter the East African market, said the country’s Minister of Petroleum and Mineral Resources, Hon. Abdirashid Mohamed Ahmed at the Africa Oil & Power conference. “Nowhere is the […]
Read more »October 13th, 2019
Via Tasnim News, a report on the discovery of a new major gas field in southern Iran: The deputy head of the National Iranian Oil Company (NIOC) announced that a massive gas field has been discovered south of the country. Speaking to reporters in Tehran on Sunday, Reza Dehqan said the huge gas field named […]
Read more »World Bank Supports Critical Private Sector Investments in Afghanistan’s Energy Sector
October 11th, 2019
Via The World Bank, a report on recent private sector investments in Afghanistan’s energy sector: World Bank Group Boards of Executive Directors approved today a financing package of $98.8 million consisting of guarantees, a loan, and swaps to support two gas-to-power energy projects in Afghanistan. The projects aim to increase the amount of domestically generated […]
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