investment
BP plans to invest $1.5 billion this year to increase its production of natural gas in Egypt, hit by an energy crisis following three years of political turmoil, the state news agency MENA said on Sunday.
Many investors have been stampeding out of emerging-market bonds, but they’re falling in love with Colombia. Investors have poured $622.5 million into Colombia’s bond market since the start of the year, the biggest inflow into any emerging-market country so far in 2014, according to fund flow tracker EPFR Global.
Many investors have been stampeding out of emerging-market bonds, but they’re falling in love with Colombia. Investors have poured $622.5 million into Colombia’s bond market since the start of the year, the biggest inflow into any emerging-market country so far in 2014, according to fund flow tracker EPFR Global.
Large Chinese investors have been disappointed. Smaller traders, however, are busy. Agriculture was perhaps the most obvious of the state’s plans to fail. Dependent upon massive irrigation schemes and the liberal use of fertilizer, it was an industry that was highly vulnerable to disruption. The irrigation programs were in turn dependent upon electricity, which required large amounts of maintenance. When the system began to deteriorate at any point, it deteriorated everywhere and failed completely.
Japan and Myanmar on Sunday signed an investment treaty to nurture closer business ties as the once secluded Southeast Asian country opens its fast-growing economy to more foreign commerce. Prime Minister Shinzo Abe and Myanmar President Thein Sein signed the deal in summit talks following a gathering of leaders from the Association of Southeast Asian Nations in Tokyo.
The great imperialists of the 19th Century built railroads to solidify their control of vast expanses of land and incorporate their territory into modern industrial economies. And although the construction of railroads may seem archaic today, the government of China has demonstrated their continued relevance in both internal state building and external diplomacy.
The United States and Afghanistan are close to finalizing a deal that would set guidelines for the two countries' relationship after 2014, when the bulk of American forces are supposed to leave the country—more than a dozen years and hundreds of billions of dollars later.
Afghanistan's future stability remains unclear at best, but that didn't stop four local investors from pooling together $5 million to build the new Kabul Water Park. The 24,760-square-foot facility comes with all the standard bells and whistles of your typical water park, including huge slides, a wave pool, and kids area. Admission costs 500 Afghanis ($9) and comes with a full body search from armed guards before entering.