Economy

Ghana Armed Forces trains stakeholders on Exclusive Economic Zone (EEZ) management

The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Mr Hassan Tampuli, has stressed the need for Ghana to strengthen security operations within the maritime domain, especially within the… BusinessGhana Source: graphic.com.gh Speaking at the 14th Exclusive Economic Zone (EEZ) Management and Operations Course in Accra, Mr Tampuli said EEZ Management and Operations has assumed centre stage in maritime security and economic management in all coastal states and Ghana cannot afford to play to the… EEZ Course EEZ ... Read More »

Managing Ethiopia’s Unsettled Transition

Ethiopia’s charismatic new prime minister, Abiy Ahmed, has generated great excitement with initiatives breaking with the past. ICG But he faces challenges as formidable as his promises are bold: he urgently needs to halt communal strife, smooth the road to elections and boost the ailing economy. What’s new? Ethiopia’s new premier, Abiy Ahmed Ali, has made peace with Eritrea, extended a conciliatory hand to opponents, and promised moves to free and fair elections, expanded political space and economic reform. But ... Read More »

The AI Road to Serfdom?

Estimates of job losses in the near future due to automation range from 9% to 47%, and jobs themselves are becoming ever more precarious. Robert Skidelsky Project Syndicate Should we trust the conventional economic narrative according to which machines inevitably raise workers’ living standards? LONDON – Surveys from round the world show that people want secure jobs. At the same time, they have always dreamed of a life free from toil. The “rise of the robots” has made the tension between these ... Read More »

US deficit suggests impending economic avalanche

As many of the world economies teeter on the brink of a recession, the richest economy in the world is flirting with stagflation — growing inflation without economic growth — and a trillion-dollar national debt that threatens the… Fred Shoaff The Daily Illini Due to recent tax cuts, military spending and budget conflicts between Democrats and Republicans, Donald Trump’s American economy is heading toward an “extremely imbalanced” path… The tax cuts that were supposed to reignite the economy and create ... Read More »

Against ‘Suffocation’ of Azov Sea: Ukraine Pleading EU for Help Against Russia

Ukrainian Foreign Minister Pavlo Klimkin said that his country would like to see the European Union and the European Investment Bank (EIB) engaged in efforts to avoid the “suffocation” of its Azov Sea shore. Written by @Eubulletin | The Azov Sea is a strategic territory coveted by Moscow. Russia has recently constructed a bridge across the Kerch strait, which Kyiv considers unlawful. Moscow moreover put in place controls over the international ships crossing the strait and Kyiv suspects that Russia ... Read More »

The Eastern Mediterranean Gas Forum

A Lebanese perspective Energy ministers from Egypt, Cyprus, Greece, Israel, Italy, Jordan, and the Palestinian Authority took an important step toward establishing an Eastern Mediterranean Gas Forum (EMGF) on January 14, in Cairo. Mona Sukkarieh Executive According to the declaration that followed the meeting, the EMGF will, among other things, assist in the creation of a regional gas market, ensure the security of supply and demand, optimize resource development, facilitate the… The forum’s raison d’être is regional energy cooperation. Almost ... Read More »

GOM Region-Wide Sale to Offer 14,700 Blocks in Shallow, Deepwater

The Interior Department’s Bureau of Ocean Energy Management next month plans to offer 78 million acres for oil and natural gas prospecting in the Gulf of Mexico (GOM), basically all available unleased areas in federal waters. Carolyn Davis NGI Lease Sale 252, scheduled to be livestreamed on March 20 from New Orleans, is to include nearly 14,700 blocks that are three to 231 miles offshore, in the Western, Central and Eastern planning areas in water depths that are nine-to-11,115 feet. ... Read More »

Israel’s Leviathan Energy Prize: Where Will The Gas Go?

Israel is finally emerging as a natural gas player in the Mediterranean. In the last week of January, the Israeli Navy conducted a complex drill simulating attacks on the country’s offshore oil and gas infrastructure. Ariel Cohen Forbes The exercise included coordinated operations between dozens of naval vessels and aircraft, and even incorporated a live-fire missile test against an abandoned cargo vessel (imitating an enemy transport… Israel’s week-long “Raging Sea” operation comes on the heels of two joint military drills ... Read More »

New areas in Crete made available for hydrocarbon explorations

The Hellenic Managing Authority for Hydrocarbons is launching the process that will make new areas available for the exploration and production of hydrocarbons in the maritime area south of… Nefeli Tzanetakou ibna These are maritime plots that had remained unassigned in previous concessions and whose data and been reassessed and enriched. In any case, it is expected that the same successful model will be applied, which has mobilized the investment interest of major oil companies, such as French Total, American ... Read More »

Russia to China: Together we can rule the world

Only Europe can prevent an Eastern bloc. Bruno Maçães Politico Europe’s obsession with Russia is unrequited. Moscow just isn’t interested in the Continent anymore. It doesn’t care about European integration, or moving toward Europe. But neither is it interested in Europe’s predicted disintegration, or in pulling countries away from the West and closer to its way of thinking. In the halls of the Kremlin these days, it’s all about China — and whether or not Moscow can convince Beijing to ... Read More »

Tough Policing is Restoring Indonesia’s Fisheries

Five years ago the world’s most populous archipelago nation started taking action against the decimation of its fish stocks. Indonesia’s waters were being plundered by vessels from nearby countries, particularly China and… By China Dialogue Ocean [By Nithin Coca] When Susi Pudjiastuti became minister of fisheries and maritime affairs in 2014, she began dramatically curbing this practice of illegal, unreported and unregulated (IUU) fishing. A report last year found a more than 80% drop in foreign vessels fishing in Indonesian waters, as well ... Read More »

Egypt says “NO” to East Med

An unequivocal “no” from Egypt received the East Med gas pipeline. Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, in an interview with the Cyprus News Agency, said he was opposed to the transportation of gas from East Mediterranean to Europe via the East Med pipeline. Nefeli Tzanetakou ibna He even justified his position by saying that the feasibility study for this project would last up to two years, which in itself is a luxury the region of ... Read More »

The US and India are heading for a showdown on trade

New Delhi (CNN Business)The United States is trying to negotiate an end to its trade war with China, but tensions with another big economy are rising. By Rishi Iyengar, CNN Business US Secretary of Commerce Wilbur Ross was due to visit India for talks on Thursday as storm clouds gather over a trading relationship worth about $125 billion a year. He canceled his trip late Wednesday. “Due to inclement weather, technical problems that led to the cancellation of his flight, and other ... Read More »

Flood-affected farmers witness entire cattle herds wiped out by catastrophic deluge

Warning: Graphic content When rain started falling in Queensland’s west, drought-stricken farmers cried happy tears — but that emotion quickly turned to heartbreak. News Pty Limited — With AAP Farmers who managed to keep their cattle alive for seven years, through one of Australia’s worst droughts in history, have watched their herds wiped out in a matter of days after unprecedented floods devastated much of Queensland. If the cattle have not drowned or frozen to death in the elements, devastated farmers ... Read More »

Yes, Sustainability Can Be a Strategy

In recent years, a growing number of companies around the world have voluntarily adopted and implemented a broad range of sustainability practices. Ioannis Ioannou and George Serafeim Harvard Business Review The accelerating rate of adoption of these practices has also provoked a debate about the nature of sustainability and its long-term implications for organizations. Is the adoption of sustainability practices a form of strategic differentiation that can lead to superior financial performance? Or, is it a strategic necessity that can ... Read More »

Austrian foreign minister: Hell is other people

Austrian Foreign Minister Karin Kneissl blamed Brexit frustration for Donald Tusk’s controversial remark about Brexiteers. Paul Dallison Politico Tusk said last week after a meeting with Irish Prime Minister Leo Varadkar: “I’ve been wondering what that special place in hell looks like, for those who promoted Brexit, without even a sketch of a plan how to carry it out safely.” On Sunday, the BBC’s Andrew Marr told Kneissl that the remarks were “very very unhelpful, perhaps, to the EU side.” “My personal reaction when I ... Read More »