Connect with us

Newsdesk

Nazarbayev: We must pave our way carefully

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

1Nursultan Nazarbayev, Kazakhstan’s leader since 1989 is no stranger to accusations of autocracy. Western media has long been refering to Nazarbayev as “Kazakhstan’s autocratic president”. On the eve of the Constitution Day, President Nazarbayev commented on the accusations of autocracy.”I know that we are often accused of autocracy. But how can one talk about autocracy, when every 4 or 5 years people vote to elect their President and Parliament at free alternative elections. We are told to move faster towards democracy practiced by western countries, from the USA to Europe. We understand it all well. Democracy is a path towards development of humanity. We are making our way there. But we also have to consider that our country is an Asian society. Our traditions differ from Western ones. Our cultural and religious views are different. That is why we must pave our way carefully,” Nazarbayev said during the Conference dedicated to the 20th Anniversary of Kazakhstan’s Constitution.

2America and Russia locked in race to control the Arctic Circle. “Barack Obama was set to become the first sitting American president to visit the Arctic Circle on Wednesday night, as the United States battles to assert itself in a global race to control the region’s natural resources. Melting permafrost caused by rising global temperatures has made the once impenetrable Arctic Circle increasingly accessible, sparking intense competition between Russia, the United States and China to assert control over an area that it is thought may hold as much as 40 per cent of the world’s oil and gas resources” Ruth Sherlock, The Telegraph.

3Why Kazakhstan is building a uranium bank. The world suffers no shortage of uranium, the raw material for nuclear energy and nuclear weapons. The amount of electricity generated globally by nuclear power peaked almost a decade ago. And no reactors have ever been shut down because of a lack of fuel. Yet Warren Buffett has put the first $50m behind a $150m project agreed on August 27th to build a uranium bank in Kazakhstan, the world’s biggest producer of the mineral. It sounds like something a Bond villain might dream up, rather than a philanthropic American billionaire. What is the logic? The Economist

4China plays hard to get with Russia. “Moscow turned to its powerful Asian neighbor last year after being hit with sanctions by the West. But the plan for a deeper economic relationship is not working out. China’s slowdown is making it harder for Beijing to deliver on promises it made to Moscow, and Chinese investors are spooked by Russia’s deep economic crisis. Vladimir Putin is now hoping to give the relationship a second chance. The Russian president is in China this week, accompanied by an entourage of senior officials and business leaders” CNN

5Azerbaijan is a suitable route for transferring Iran’s gas to EU, Iranian Parliament Speaker Ali Larijani said. He made the remarks during a meeting with his Azerbaijani counterpart Oktay Asadov.Larijani underlined that cooperation between Tehran and Baku can be developed further in the fields of oil and gas.Iran holds 33.8 trillion cubic meters of proven natural gas reserves— or 18.2 percent of the world’s total proven reserves.The country has been pursuing multiple projects for years to pipe natural gas to Europe. The most serious project was Nabucco which was pursued by an international consortium led by Austria’s OMV. Iran had been originally designated in Nabucco as a key supplier for future exports to Europe.

6Iran has recently showed great interest in neighboring Turkmenistan, in terms of investment, proved by closing deals worth USD450 million, mainly to fund it with technical services. Iran has already been seizing opportunities, such as the nuclear deal between Tehran and world powers in Vienna conducted in July, all in all, supporting the oil industry’s goals.

7Iran is ready to talk extending the “peace pipeline” to Bangladesh which envisages exports of the Iranian gas to Pakistan and India, Tehran’s Ambassador to Dhaka says.Abbas Vaezi said the issue had been discussed between Iranian and Bangladesh governments as well as with India and Pakistan, adding “they must have a feasibility study” to proceed further.Bangladesh’s Power, Energy and Mineral Resources Minister Nasrul Hamid has been invited to Tehran where he will discuss all energy-related issues including the gas pipeline, the ambassador added.The recent conclusion of nuclear talks with Iran has revived interest in the “peace pipeline” which ran into hurdles after India withdrew from the project and Pakistan failed to fulfill its obligations.

8NATO vs. Russia War Could Begin Today Or Tomorrow. “Pentagon’s deployment of F-22 fighter aircraft to the Baltic states would mean nothing if the quality of governance in Latvia, Estonia and Lithuania is low. But the Pentagon explained that the deployment of F-22 fighter aircraft is ‘designed to send a message to Russia’.In Estonia and Latvia, Russian-speaking minorities account for about one-quarter of the population, and over 6 percent in Lithuania. Not long ago, Russian President Vladimir Putin said that all those people deserve his ‘protection’.Such comments by Putin triggered a wave of fear in the Baltic states, which is why the three countries have been seeking NATO’s security assurances. And NATO couldn’t think of anything better than to respond with war games” ValueWalk

9Azerbaijan’s oil fund SOFAZ is studying investment opportunities in new markets. SOFAZ, an entity that accumulates and manages Azerbaijan’s oil and gas revenues, implements its investment plan in accordance with the regulations outlined by its management. The Fund’s assets fell by 3.56 percent earlier in the year from $37.104 billion to an estimated at $35.783 billion as of July 1. As of June 30, 2015, SOFAZ’s total investment portfolio amounted to $35.726 billion, or 99.8 percent of total assets. Some 33 percent of its investment portfolio was invested for a period of up to one year, 30.5 percent from one to three years, 11 percent from three to five years, 9.7 per cent more than five years, and 15.8 percent funds were invested in real estate, stocks and gold.

10Work on the reconstruction of the water supply system began at the refinery in the town of Seydi (eastern Turkmenistan).Work for the high-volume production of high-quality petroleum products are carried out at the large industrial enterprise at the expense of deep processing of raw materials.Repair and reconstruction of production units are carried out for this purpose. Special attention is given to the important issues related to water supply of the plants, wastewater treatment and their purification.

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

World Tourism Day Places Focus on Innovation & Digital Transformation

Newsroom

Published

on

The importance of digital technologies in tourism, providing opportunities for innovation and preparing the sector for the future of work, is at the centre of World Tourism Day 2018, to be celebrated in Budapest, Hungary (27 September 2018).

World Tourism Day, celebrated every 27 September around the world, is a unique opportunity to raise awareness on tourism’s actual and potential contribution to sustainable development.

This year’s World Tourism Day (WTD) will help to put the opportunities provided to tourism, by technological advances including big data, artificial intelligence and digital platforms, on the map of sustainable development. The World Tourism Organization (UNWTO) sees digital advances and innovation as part of the solution to the challenge of marrying continued growth with a more sustainable and responsible tourism sector.

“Harnessing innovation and digital advances provides tourism with opportunities to improve inclusiveness, local community empowerment and efficient resource management, amongst other objectives within the wider sustainable development agenda”, said UNWTO Secretary-General Zurab Pololikashvili.

The WTD official celebration will be held in Budapest, Hungary, a country enjoying steady growth of tourism backed by consistent policy support and a commitment to the digital future. Other celebrations will take place worldwide.

The official celebration will also see the announcement of the semi-finalists of the 1st UNWTO Tourism Startup Competition, launched by UNWTO and Globalia to give visibility to startups with innovative ideas capable of revolutionizing the way we travel and enjoy tourism.

Continue Reading

Newsdesk

EU and China step up cooperation on climate change and clean energy

Newsroom

Published

on

At the China-EU Summit on 16 July in Beijing, the President of the European Commission Jean-Claude Juncker, the President of the Council, Donald Tusk, and the Chinese Prime Minister Li Keqiang adopted a “Leaders’ Statement on Climate Change and Clean Energy”. Commission Vice-President Jyrki Katainen and the Chinese Minister of Ecology and Environment Li Ganjie signed a Memorandum of Understanding to enhance cooperation on emissions trading between China and the EU.

In the Leaders’ Statement, China and the EU underline the need to advance the implementation of the Paris Agreement under the UNFCCC process, and to get the Paris Agreement Work Programme – the rulebook for the implementation of the Paris Agreement – adopted at the next global climate conference in December 2018 in Katowice, Poland.

The Statement shows how the EU and China will intensify their political, technical, economic and scientific cooperation on climate change and clean energy to drive forward a world-wide transformation to a thriving low carbon and climate-resilient economy and society and clean energy system. It clearly shows their commitment to climate action and achieving a clean energy transition are urgent imperatives.

In the Memorandum of Understanding China and the EU acknowledge emissions trading as a cost-effective policy tool with significant potential to contribute to a low-carbon economy and the necessary innovation and deployment of low carbon technologies.

Welcoming this commitment, President Juncker said: We have underlined our joint, strong determination to fight climate change and demonstrate global leadership. It shows our commitment to multilateralism and recognises that climate change is a global challenge affecting all countries on earth. There is no time for us to sit back and watch passively. Now is the time for decisive action.

Commissioner for Climate Action and Energy Miguel Arias Cañete said: Further developing cooperation between the two largest emission trading systems of the world is not only in our mutual interest but also necessary to tackle common challenges in the mid- and longer term. The newly established policy dialogue will be instrumental in this context.

The Memorandum of Understanding on EU-China cooperation on emissions trading establishes a policy dialogue, foresees the joint organisation of seminars and workshops, as well as joint research activities.

Continue Reading

Newsdesk

Philippines Growth to Remain Strong Despite Global Uncertainty

Newsroom

Published

on

The World Bank maintains its 6.7 percent growth forecast for 2018 and 2019 despite rising global uncertainty. Considering recent economic data, the composition of expected growth was revised as compared to the April edition of the World Bank Philippines Economic Update.

Given recent fiscal trends, government consumption growth was revised upwards, while private consumption growth is expected to expand at 5.9 percent in 2018 and 6.2 percent in 2019.

Investment growth was slightly upgraded due to higher public capital outlays, including increased infrastructure spending. Overall, it is anticipated that real GDP growth will increase towards the end of 2018 and into the first half of 2019 with higher election-related public spending.

The government’s ability to carry out its investment spending agenda will determine if the Philippines can achieve its growth target of 6.5-7.5 percent over the medium term,” said Birgit Hansl, World Bank Lead Economist for the Philippines. “In addition, higher private investment levels will be critical to sustain the economy’s growth momentum as capacity constraints become more binding.”

Exports, a key driver of growth for the Philippines economy, are projected to moderate in the coming years as global growth is expected to decelerate.

The World Bank’s June 2018 Global Economic Prospects projected a gradual global slowdown over the next two years, predicated on moderately higher commodity prices, strong but gradually moderating global demand, and incremental tightening of global financing conditions. Uncertainty around global growth conditions has risen, with the possibility of trade and other policy shocks emerging from major economies.

Continue Reading

Latest

Energy50 mins ago

Global energy investment in 2017 fails to keep up with energy security and sustainability goals

The electricity sector attracted the largest share of energy investments in 2017, sustained by robust spending on grids, exceeding the...

Europe2 hours ago

EU-Japan Summit: A landmark moment for trade and cooperation

The 25th EU-Japan Summit took place on 17 July in Tokyo. At the summit, leaders signed two landmark agreements, the...

Newsdesk3 hours ago

World Tourism Day Places Focus on Innovation & Digital Transformation

The importance of digital technologies in tourism, providing opportunities for innovation and preparing the sector for the future of work,...

Newsdesk16 hours ago

EU and China step up cooperation on climate change and clean energy

At the China-EU Summit on 16 July in Beijing, the President of the European Commission Jean-Claude Juncker, the President of...

Southeast Asia17 hours ago

Explaining Gendered Wartime Violence: Rohingya Ethnic Cleansing

The United Nations described Rohingyas as ‘amongst the most persecuted minority groups in the world.’ News reports and refugee testimonies...

Russia18 hours ago

Russia’s key to Africa

On July 14, Russian President Vladimir Putin warmly received two African leaders, Gabonese Ali Bongo Ondimba and Sudanese Omar al-Bashir,...

South Asia19 hours ago

Pakistan: A New Space Era

Pakistan’s fragile economy and resource restraints are the main hurdles in the way of technological development, especially in space affairs....

Trending

Copyright © 2018 Modern Diplomacy