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looking beyond borders

foreign policy and global economy

Archive for the tag “Dubai”

China’s $62 Billion Bet On Pakistan

Beijing has made the Gwadar port the centerpiece of the China-Pakistan Economic Corridor (CPEC), a series of Chinese-financed energy and infrastructure projects in Pakistan totaling upward of $62 billion in aid and investments. CPEC, according to Chinese officials, is a “flagship project” of the Belt and Road Initiative, Beijing’s massive push to create a unified economic corridor that runs through Eurasia and into Africa. A top goal is to connect the landlocked western Chinese city of Kashgar to the Arabian Sea via Gwadar, providing China an alternative route for shipping gas and oil.

Read Here – Foreign Affairs

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Why China Is Building A New City Out In The Desert Of Oman

Nobody is going to confuse the dusty fishing village of Duqm for Dubai. But Oman intends to change this by building an entirely new, $10.7 billion transit-oriented industrial city on the desertified coast of the Arabian Sea, 550 kilometers south of Muscat. More accurately, China intends to change this by building an entirely new $10.7 billion transit-oriented industrial city …

Read Here – Forbes

Gwadar, Chabahar And Dubai

By far, Gwadar is a decade ahead of Chabahar in terms of development and higher brand recognition among the maritime industry. Iran’s belligerent security posturing and interventionist policies of harbouring non-state actors in Muslim countries constantly put her at the risk of war as well as sanctions. Chabahar is and continues to be a fishing port and does not match Gwadar, which is a natural harbour and the deepest in Asia, with little need for continuous dredging.

Read Here – The Express Tribune

Ministry Of Tolerance, Happiness And Youth

When the Arab world was tolerant and accepting of others, it led the world: From Baghdad to Damascus to Andalusia and farther afield, we provided beacons of science, knowledge, and civilization, because humane values were the basis of our relationships with all civilizations, cultures, and religions. Even when our ancestors left Andalusia, people of other faiths went with them, writes Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai.

Read Here – Project Syndicate

If It’s Gold, It’s Asia

Courtesy: World Gold Council

Turning New Page In The Gulf?

Iran is moving to improve relations with Saudi Arabia and end a conflict with the United Arab Emirates over islands in the Persian Gulf after signing an agreement last month to end a deadlock over its nuclear program.

Read Here – Bloomberg

Azerbaijan’s Godfather

Few developments speak so well of how far Caucasian dictatorships have come since the grey days of the Soviet Union as the fabulously wealthy and incredibly investment-savvy 15-year-old male heir of Azerbaijan’s ruling family.

Read Here – The Atlantic

The Ghost Within

Amid the Arab Spring unrest seen among many of its neighbors, the United Arab Emirates has painted itself as a bastion of stability and progress. But the outcome of a trial this week will mark the culmination of the wealthy Gulf state’s little-publicized crackdown on domestic dissent, which critics say has been marked by torture and partiality.

Read Here – The Atlantic

Dubai Must Give Expats A Role In City Development

Dubai needs to focus on sustainability, community development and citizen engagement if expats are to feel a sense of attachment to the city and stop looking at it merely as a great employment and investment destination.

Read Here – Gulf News

Break Sanctions, Pay The Price

The US$1.92 billion settlement reached between HSBC and the U.S. Department of Justice this past December over allegations of money laundering by the global bank served as a stark reminder to all financial institutions: The penalty for breaking sanctions against Iran and other blacklisted nations would not only be severe, but even the biggest institutions would be held accountable.

The aggressive stance is the result of a shift in priorities and particular changes in the way U.S. authorities are interpreting laws, say Eric Volkman and Robert Sims, attorneys with international law firm Latham & Watkins.

Read Here – Arabic Knowledge@Wharton

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