Economics

Gulf state’s investment arm adds latest acquisition of Claridge’s to portfolio already boasting landmarks from The Shard to Canary Wharf Qatar’s Constellation Hotels bought majority share in company behind Claridge’s, The Berkeley and The Connaught Five-star hotels latest in impressive list of high-profile acquisitions, including The Shard, Harrods …

Saudi Arabia is burning through foreign reserves at an unprecedented pace as the new king’s generosity toward state workers and conflict in the region further strain public finances already damaged by the slump in oil prices. The kingdom spent $36 billion of the central bank’s net foreign assets – …

By Aygun Badalova  Trend After the removal of the West’s sanctions from Iran, in particular the oil embargo, the country will become a full-fledged player in the market and will join the competition in supplying oil, Vladimir Sotnikov, the senior fellow at the International Security Center of the …

By Elchin Mehdiyev Azer News The trite phrase that “history repeats itself” has been nowadays acquiring the most bizarre forms. If once the US was a colony of Europe, now everything is repeating itself exactly in the opposite direction. And it impossible to give any other name to …

By Sara Rajabova AzerNews Kazakhstan will resume oil production in its largest oil and gas field – Kashagan, located in the north of the Caspian Sea. Vladimir Shkolnik, Kazakhstan’s energy minister said oil production at Kashagan field in the Kazakh sector of the Caspian Sea is expected to …

Trend: The regulatory authorities in TAP’s host countries – Greece, Italy and Albania – have released a joint opinion, prolonging the validity period of TAP’s exemption from certain provisions of the EU Gas Directive. TAP’s exemption has been updated in line with the planned commencement date of Shah Deniz …

By Sara Rajabova Azer News Iran has set some conditions in view of allowing U.S. car manufacturers to access into the Iranian market should sanctions be lifted this summer. Assadollah Asgaroladi, the head of Iran-China Chamber of Commerce, said American car manufacturers should not be given “easy” access …

By continuing its economic rebalancing, China could increase the scale of its economy by trillions of dollars. By Stephen S. Roach China is at a major crossroads on its long journey to economic development. A still sluggish post-crisis global economy is at an equally critical juncture. In an …

By Michael Snyder Global Research Why in the world has JP Morgan accumulated more than 55 millionounces of physical silver?  Since early 2012, JP Morgan’s stockpile has grown from less than 5 millionounces of physical silver to more than 55 million ounces of physical silver.  Clearly, someone over at JP Morgan is …