Economics

Kazakhstan wants to develop advanced transport infrastructure to become a key part of China’s future transport network from the Pacific Ocean to the Baltic Sea. Kazakhstan plans to invest over $20 billion by 2020 into its transportation industry to become the main transit country between the booming Chinese market and Europe, said Zhenis …

Russia has done more for Crimean Tatars since the reunification than Ukraine has in over two decades while the peninsula was under its rule, Resit Kemal As, advisor of the head of Crimea Sergei Aksenov, told Sputnik.   According to the advisor, Russia has taken significant steps to solve the Crimean …

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 …