India has secured the right to operate its second overseas port, Sittwe, in Myanmar, following the successful establishment of the Chabahar Port in Iran. The Ministry of External Affairs (MEA) has given the green light to a proposal for India Ports Global (IPGL) to take over the operations of the entire port situated on the … Read more
Abstract The Organization of the Petroleum Exporting Countries (OPEC) wields substantial influence over global oil prices, making it a focal point of interest for economic analysts, policymakers, and researchers. This research paper explores OPEC’s role in shaping global oil prices and investigates the far-reaching implications of this influence on the economies of Middle Eastern member … Read more
Peshawar, 24 March 2024 (WAI): Pakistan’s Ministry of Commerce is set to dispatch a high-level delegation to Kabul on Monday to address challenges hindering bilateral trade and to foster enhanced cooperation between the two neighboring nations. Amidst recent border skirmishes and closures impacting trade, the delegation aims to facilitate discussions aimed at restoring trust and … Read more
The term “inclusive development” is nowadays finding its way into the development discourse. However, what constitutes inclusive development still needs to be clarified. There is no clear-cut definition of inclusive development, which is why it is most often used interchangeably with inclusive growth. In order to better understand inclusive development, we first have to make … Read more
Shenzhen, 13 March 2024 (WAI): The China National Offshore Oil Corporation (CNOOC) has unveiled a significant discovery in the South China Sea, announcing identifying a new oil field with substantial reserves. This oil field, named the South Kaiping oil field, boasts proven oil and gas reserves totaling an impressive 102 million tons of oil equivalent. … Read more
Beijing, 4 March 2024 (WAI): Shijiazhuang, the capital of China’s northern Hebei province, is emerging as a pivotal node for the China-Europe freight train network in the Beijing-Tianjin-Hebei region, aiming to propel regional development. Liu Ruiling, a member of the 14th National Committee of the Chinese People’s Political Consultative Conference and the International Land Port … Read more
What are SMPTS? Strategic maritime transport passages (SMTPs) are geographically critical chokepoints or waterways. Important SMTPs are the Strait of Hormuz, Malacca, the Suez Canal, the Panama Canal, and Bab el Mandeb. These passages play a crucial role in international trade and transportation. They not only facilitate trade but also have military and strategic consequences. … Read more
Unemployment is a critical problem and reflects one nation’s underutilization of human resources. Unemployment is one main problem every nation faces, whether highly developed and industrialized or deprived. There are several definitions and explanations for unemployment. It can be defined as “the condition of having no job or being out of work” or the “Proportion … Read more
Abu Dhabi, 2 March 2024 (WAI): The conclusion of the 13th ministerial summit of the World Trade Organization (WTO), held in Abu Dhabi on Saturday, marked by the temporary extension of an e-commerce moratorium and the absence of agreements on agriculture and fisheries, casts doubt on the future of global trade cooperation. The WTO, the … Read more
Beijing, 28 February 2024 (WAI): China’s space program aims to reach new heights in 2024, with annual plans for approximately 100 space launch missions. This ambitious endeavor, announced at a press conference on Monday, reflects China’s commitment to advancing its space exploration and technology capabilities. The upcoming missions will encompass diverse objectives, showcasing China’s multifaceted … Read more
