Connect with us

Newsdesk

Oil Price Drops Raise Fears of Unrest

Dimitris Giannakopoulos

Published

on

Welcome to the Caspian Daily, where you will find the 10 most important things you need to know on Caspian Sea Region. We appreciate ideas, reports, news and interesting articles. Send along to Caspian[at]moderndiplomacy.eu or on Twitter: @DGiannakopoulos

1Oil, the lifeblood of many countries that produce and sell it, appears to be rapidly turning into an ever-cheaper economic curse.While the price has been declining for months, forecasts have always been hedged with the assumption that oil would eventually stabilize or at least not stay low for long. But new anxieties about frailties in China, the world’s most voracious consumer of energy, have raised fears that the price of oil, now 30 percent lower than it was just a few months ago, could remain depressed far longer than even the most pessimistic projections, and do even deeper damage to oil exporters. [New York Times]

2Russian President Vladimir Putin will meet with his Egyptian counterpart Abdel Fatah Al-Sisi along with King Abdullah II of Jordan and the crown prince of Abu Dhabi, Sheikh Mohammed Al-Nahyan, in a series of talks starting on Tuesday in Moscow. Putin’s meeting with King Abdullah will pay special attention to the implementation of joint projects, including the construction of the first Jordanian nuclear power plant, according to a statement released by the Kremlin on Monday. Talks with Crown Prince Al-Nahyan, also the deputy supreme commander of the armed forces of the United Arab Emirates, will focus on enhancing security and stability in the Middle East and North Africa, in addition to bilateral cooperation in energy and investment.

3New gas field discovered in Turkmenistan. A powerful commercial natural gas inflow was obtained at the ‘Bagly-1’ area in the Karakum Desert in Turkmenistan’s Mary Province, the Turkmen newspaper ‘Neutral Turkmenistan’ said. According to the newspaper this happened after the first exploration well at the area reached a depth of 4,690 meters. The daily hydrocarbon output at the new field exceeds one and a half million cubic meters. The newspaper said the new field’s prospect can also be judged from its being located a few dozen kilometers away from the gigantic Galkynysh field, which is famous worldwide for its explored and proven natural gas reserves.

4Azerbaijan`s investment potential will be discussed as part of “Milan Expo-2015″ international exhibition on Tuesday.”Invest in Azerbaijan: Business environment and opportunities” event will be co-organized by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and Azerbaijan-Italy Trade Institute (ITAZERCOM).The agenda includes discussions on prospects for cooperation between the two countries in the fields of information and communication technologies, agriculture, chemistry, mechanics, environment, industry and construction.The event will bring together representatives of AZPROMO, Azerbaijan Investment Company, Sumgait Chemical Industrial Park, and Clean City company.

5Kazakhstan’s Air Defence Forces have received five air defence missile systems from Russia according to the press-office of Kazakhstan’s Ministry of Defense.“These S300PS air defence missile systems will be tested during live fire exercise and transferred to military bases of Kazakhstan’s Air Defence Forces to be in operation readiness covering the airspace of the Republic of Kazakhstan,” the Commander of Kazakhstan’s AA Troops Nurzhan Mukanov said. The S300PS AA missile systems were given to Kazakhstan free of charge.

6Preparation for the official visit of Turkmen President Gurbanguly Berdimuhammadov to Afghanistan, scheduled for August 27 was discussed at the last meeting of the Cabinet of Ministers in Ashgabat, the Turkmen government reported. The president of Turkmenistan said that the country’s stance is exclusively peaceful settlement of the situation in Afghanistan by taking concrete steps to restore the Afghan economy and social infrastructure, according to the message.All this is proved by large-scale projects initiated by the Turkmen side, such as the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline and the construction of Turkmenistan-Afghanistan-Tajikistan railway, which started in 2013.

7Azerbaijan has expanded the investment in the social and economic spheres of the country in January to July, 2015.The investments in the mentioned spheres increased by 3.5 percent as compared with the same period of the past year, according to the report of the Azerbaijan State Statistical Committee.The total amount of investments amounted to 9.37 billion manats (over $8.94 billion), including 58.6 percent of internal investments.The government allocated the largest investments in the field of the construction and installation works for this period, amounting to 74.7 percent of the total volume of investments.

8Ahead of a high-level technical delegation from Iran, the Ministry of Commerce on Monday explored various avenues to enhance bilateral trade to $5 billion in the next five years after lifting of international sanctions against Iran. A delegation from Iran will visit Islamabad on August 25-26 to revive the trade links. Pakistan has a narrow export basket to Iran because 63 per cent of exports comprised of rice alone. Pakistan’s exports to Iran fell to a low level of $43 million in 2014 from $182m in 2010. While Iranian imports fell to $186m in 2014 from $884m in 2010.

9Duda on Top of Russian Threat. Poland sees Russia as a pre-eminent threat. This has been the essence of speeches made by Andrzej Duda, the newly appointed President who has called for additional security guarantees from NATO and has plans to create an anti-Russian bloc within the organization alongside other Eastern European countries. Given Duda’s attitude, it would seem that Russian–Polish relations could deteriorate even further, while tensions in the Baltic–Black Sea Region as a whole will increase sharply. Vadim Trukhachev for RIAC.

10The first lady of Azerbaijan, ISESCO Goodwill Ambassador Mehriban Aliyeva is a very dynamic person with great talents and open-mindedness, Director General of the Islamic Educational, Scientific and Cultural Organization (ISESCO) Dr. Abdulaziz Othman Altwaijri said in an interview with Trend news agency.“She has always been an advocate of dialogue and positive interaction between cultures,” he said.The ISESCO director general went on to add that Mehriban Aliyeva’s support to the World Forum on Intercultural Dialogue is a strong factor of its success in achieving its noble objectives.

Journalist, specialized in Middle East, Russia & FSU, Terrorism and Security issues. Founder and Editor-in-chief of the Modern Diplomacy magazine. follow @DGiannakopoulos

Continue Reading
Comments

Newsdesk

Youth Calls for Action to Build the Workforce of the Future

Newsroom

Published

on

Special Senior Advisor to the ADB President Mr. Ayumi Konishi (4th from right) on behalf of ADB signs the Incheon Youth Declaration on The Future of Work at the 6th Asian Youth Forum. Photo: ADB

Over 400 youth representatives from Asia and the Pacific launched the Incheon Youth Declaration on the Future of Work, which calls upon the international community to invest in more inclusive, large-scale, and market-relevant solutions for youth employment and entrepreneurship.

The declaration, launched during the 6th Asian Youth Forum (AYF6) and coinciding with the celebration of the International Youth Day on 12 August, reflects the shared vision, commitments, and calls to action of the youth to inform future policy strategies and project initiatives to promote decent work. AYF6, with the theme “Building the workforce of the future,” was organized by the Asian Development Bank (ADB), Incheon Metropolitan City, Incheon Tourism Organization, Plan International, and AIESEC.

“We at ADB commit to continue investing in youth through our operations, including through our work in education, and in many other sectors we are supporting. We appreciate that the declaration today covers various issues including partnerships, entrepreneurship, as well as environment,” said Special Senior Advisor to the ADB President Mr. Ayumi Konishi, who also emphasized that the declaration will help guide ADB in advancing efforts to invest in education and empowering youth as key development partners in the region.

“Incheon will further boost its efforts to support youth employment and startups through various policies, such as the establishment of youth policy organization, cluster for startup incubators, funds, and forum for startups,” said Vice Mayor of Incheon Metropolitan City Mr. Jong Sik Heo. Acting President of the Incheon Tourism Organization Mr. Yong Sik Lee also attended the event.

The declaration highlights several key issues affecting youth employment and the future of work and what several stakeholders including governments, private sector, civil society, multilateral institutions, academe, and the youth themselves can do to address them. These issues include ensuring decent work and inclusion; transitioning from education and training to work; fostering youth entrepreneurship; and preparing for jobs of the future.

Youth delegates from 20 developing member countries of ADB have expressed their commitment in carrying out the efforts outlined in the declaration. Ms. Priscilla Caluag, a delegate from the Philippines, shared that the Asian Youth Forum has given her and other young people from the region a unique opportunity to act in ways beyond their own personal interests but ultimately for the betterment of society.

Continue Reading

Newsdesk

Are Real Estate CEOs missing out on the technology opportunity?

Newsroom

Published

on

In its 21st annual survey of CEOs from around the world PwC found that technology does not top the agenda for real estate CEOs either as a threat or an opportunity.

Only 17% of real estate CEOs cite cyber threats as a danger to their growth prospects, compared with 40% of all CEOs who took part in the survey.  While even fewer, only 10% of real estate CEOs, view the speed of technological change as a threat to their organisations compared with 38% of all CEOs.

Looking at opportunities only 20% of real estate CEOs said they clearly understood how robotics and artificial intelligence can improve customer services compared with 47% of all CEOs.

Real estate also appears to be a bit behind the curve when it comes to future talent with  just 43% of real estate CEOs rethinking their human resources function to attract digital talent compared with 60% of CEOs overall.

“For most of its history, the capital-intensive real estate industry has had good reason to be slow moving and conservative. But times are changing.  Technology, urbanisation and social changes are transforming how we live, work and play and therefore how we use real estate, meaning business leaders need to be bold and innovative if they will continue to succeed”, said Craig Hughes, global real estate leader, PwC.

“Our survey results suggest that real estate CEOs have some way to go if they are to meet digital disruption head on and reap the benefits.  In our view, this process should start through building a more diverse group of talent, including data scientists and behavioural experts, to work alongside their existing talent and build the real estate champions of tomorrow.”

Continue Reading

Newsdesk

Uzbekistan develops forest monitoring system

Newsroom

Published

on

Uzbekistan took another step towards monitoring sustainable forest management in support of the Sustainable Development Goals.

On 8-10 August 2018, more than 30 forestry experts from Uzbekistan, Turkey and the Russian Federation met in Tashkent, Uzbekistan, to review a draft set of criteria and indicators for sustainable forest management developed over the past years.

National forest monitoring systems and assessments are designed to provide reliable information on how forests are managed and used, thus helping to improve national forest policy development, planning and sustainable management.

This was a priority noted by President Shavkat Mirziyoyev during a 2017 address to Parliament. There, he pointed out a need to develop criteria for assessing the effectiveness of state bodies in Uzbekistan.

“Based on this message of the President, the State Committee of Forestry in Uzbekistan is developing this specific criteria and indicator set for sustainable forest management,” said Mr. Abduvokhid Zakhadullaev, representative of the committee, at this UNECE/FAO workshop.

The workshop was organized by the UNECE/FAO Forestry and Timber Section  in cooperation with the State Committee of Forestry of the Republic of Uzbekistan and is part of a 3-year United Nations Development Account project designed to support Armenia, Georgia, Kazakhstan, Kyrgyzstan, and Uzbekistan in the development of accountability systems for sustainable forest management.

The UNECE/FAO project has helped to bring sustainable forest management to the political agenda in Uzbekistan. “Having a functional forest reporting system will not only be beneficial for national forest monitoring”, said Mr. Ekrem Yazici, Deputy Chief of the Forestry and Timber Section, “it will also enable Uzbekistan to progress on the Sustainable Development Goals and the Global Forest Resources Assessment”.

Fourteen criteria are listed in the plan for sustainable forest management in Uzbekistan, covering such issues as forest policy, forest resources, desertification, legal and institutional matters, forest certification and ecotourism.

Moreover, in support of the Bonn Challenge, Uzbekistan has joined the regional effort of the Caucasus and Central Asia to restore 2.5 million hectares of degraded land by 2030. This is another example of the rapid pace with which Uzbekistan is moving forward to address forest-related challenges, bearing in mind that the State Committee of Forestry was established only in 2017.

Continue Reading

Latest

Trending

Copyright © 2018 Modern Diplomacy