• CIS Economic Strategy: A View from Uzbekistan

    by Catherine BISSON-SERIAN

    Alexei Kustov The development of relations with the CIS is one of the main priorities of Uzbekistan’s foreign policy. Uzbekistan regards the Commonwealth as an important mechanism to deepen multifaceted practical cooperation, particularly in the development of trade and economic ties, the expansion of industrial cooperation and effective use of the transport and transit potential. It should be noted that on the initiative of President Shavkat Mirziyoyev, Uzbekistan for the first time assumed the CIS presidency in 2020, designating the consistent expansion and enhancement of multilateral cooperation as its main priority. A landmark event during Uzbekistan’s chairmanship has been the adoption of the CIS Economic Development Strategy until 2030 by the Commonwealth states. This strategic document will be implemented in two stages on the basis of action plans for its implementation. On this basis, active work has been done to prepare (...)

  • A New War in the Middle East in Perspective

    by Babak KHANDANI

    Nevertheless, if I were in the place of the Supreme Leader Ayatollah Khamenei and his President, Rouhani, I would not be so relieved because two things inevitably await the Iranian regime: The collapse of the World economy War with Saudi Arabia Let’s examine these two outlooks in sequence. The crash of 2022 President Trump had better leave his seat to his rival without delay, as the man who will occupy the White House in September 2022 will bear full responsibility for the systemic collapse of the World economy starting on that date. This crash is inevitable, yet the economic, social and monetary policies of the Democrats will not help. Throughout the year 2021 governments, including those of the most industrialised countries, will (...)

  • Whither the Arab and the Muslim World?

    by James M. DORSEY

    The first separate peace accord Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin acknowledge applause during a Joint Session of U.S. Congress in which President Jimmy Carter announced the results of the Camp David Accords. The UAE-Israel agreement weakens the Palestinians’ efforts to create a state of their own but their criticism of the UAE’s move to become the third Arab country after Egypt and Jordan to officially recognize the Jewish state is based on a moral rather than a legal claim. The UAE and Israel see their relations with the United States and the perceived threat from Iran as bigger fish to fry. Both countries hope that an upgrading of their relations will keep the US engaged in the Middle East, (...)

  • Uranium Market amid COVID-19

    This update provides a summary of recent key developments in the uranium industry, provisional information related to the Company’s key second quarter and half-year operating and trading results, and reiterated 2020 guidance. The information contained in this Operations and Trading Update may be subject to change. Market Overview The COVID-19 pandemic, which took hold in earnest at the end of the first quarter of 2020, continued to spread throughout the second quarter with a significant impact on global economies. The slowdown in manufacturing and commercial activities has impacted the energy sector; along with oil and other fossil fuels, the electricity sector has seen a large fall in demand of approximately up to 20% in most (...)

  • Tajikistan’s Integration Development in 2019

    by Catherine BISSON-SERIAN

    Main Tendencies in Tajikistan’s Integration Development in 2019 (PDF) (Click to download) Given the geographical distribution of incoming money transfers, remittances remain an important integration channel linking Tajikistan with EDB member countries. In 2019, the country received $2.576 bln in remittances, up 0.9% compared to 2018 ($2.553 bln). Since 2015, Tajikistan has been considering the feasibility of joining the Eurasian Economic Union (EAEU, Union). Neither Tajikistan nor the EAEU believes that the country should join the Union only for the sake of becoming its member. Global integration developments, in particular those (...)

  • Iran Economic Monitor

    by Catherine BISSON-SERIAN

    Iran Economic Monitor (PDF) World Bank — Spring 2020 (Click to download) This study includes the following special focus topics: The Economic Impact of COVID-19 in Iran: a preliminary assessment Understanding Poverty Trends in Iran during 2016/17–2018/19 with poverty simulation from gasoline reform and the COVID-19 outbreakSummary The recession in Iran accelerated in 2019/201 as US sanctions further tightened. After a 4.7% decline in 2018/19, Iran’s GDP contracted by 7.6% percent (YoY) in the first 9 months of 2019/20 as oil and gas output fell by 37% (YoY). Non-oil activity stagnated in 2019/20 but represented a marginal improvement (...)

  • ADB Assesses Economic Losses in Kazakhstan

    Interfax-Kazakhstan (IK) — Mr. Capannelli, in your opinion, what is the difference of the current crisis from the crises in 2008 and 2015? Giovanni Capannelli Country Director of the Asian Development Bank (ADB) , Kazakhstan Resident Mission. Giovanni Capannelli (GC) — The crisis we are facing, in Kazakhstan and globally, is of a different nature from previous economic and social crises we experienced in recent times. While the 2008-09 global financial crisis originated from subprime real estates and toxic assets in banks’ portfolios and the 2014-15 crisis was induced by the lowering of commodity prices and economic slowdown in major (...)

  • Asia Is Lying

    by Babak KHANDANI

    In our pseudo-scientific age, numbers and statistics are truths in themselves. It is sufficient for any organization to publish any data to be taken up as the gospel word and repeated indiscriminately. These repetitions simply amplify the pseudo-truths of the initial ineptitude to the point where challenging them would be like challenging the laws of physics. As far as I am concerned, fortunately God has given me a brain and put a certain amount of intelligence into it in order to refuse accepting anything that contradicts the rules of logic and the laws of nature, no matter how much the Lord Himself says so. Either the Chinese and other Asians have found a cure for COVID-19 and are keeping it jealously to themselves, or they are suffering the (...)

  • What Erdogan Wants

    by Babak KHANDANI

    So Turkey seems to be a safe haven, and its leader could therefore have his hands free for his Ottoman adventures by attacking both Russia (through Syria) and Europe (through Greece). Or maybe things are going very badly for Erdogan and he would have only one solution to save himself from bankruptcy: robbery and blackmail. The coronavirus has one merit: it does not discriminate. Yellow, black, white, poor, rich, humble, powerful, it attacks them all without any racial, ethnic or social consideration. It is also deaf to propaganda and is incorruptible. He moves forward undisturbed by the gesticulations and the make-up of the figures that all have been used to for decades. Indeed, the cornavirus complies only with the natural laws of epidemics (...)

  • Iran as Central Asia’s Hub

    by James M. DORSEY

    Rahmon, President of Tajikistan Torn between a desire for secularity and an Islamic reality. Saudi Arabia may have been getting more than it bargained for when authorities in Khujand, Tajikistan’s second largest city, ordered that the city’s largest and most popular mosque be converted into a cinema. The order followed the closure of some 2,000 mosques in the country in the last three years and the arrest last month of scores of Muslim clerics and teachers, many of whom were accused of being members of the Muslim Brotherhood, a group that is banned in both Tajikistan and the kingdom. Fewer men sport beards in Tajikistan after being harassed by police, while women in hijabs are far and few between after many were detained and intimidated. (...)

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