August 23, 2013
Baku Steel Company, the biggest producer of construction re-bars in the domestic market, has signed a contract with the Austria-based Siemens VAI company for the construction of a new steel plant in the port of Hovsan, a settlement in the Azerbaijani capital Baku, the company’s head, Rasim Mammadov, said in an interview to the official press published on August 21. More…
August 10, 2013
Reposted from ASIA-Plus
By Zarina Ergasheva
A total cost of the project is 100 million U.S. dollars and the plant will create some 1,000 new jobs.
A new cement plant constructed in the Yovon district, Khatlon province is expected to be introduced into operation in late August, according to the Ministry of Energy and Industry (MoEI).
Tajikistan-China joint venture, Huaxin Gayur Cement Co., Ltd, has constructed this plant with annual capacity of one million tons of cement.
“The construction of the plant has practically been completed and it just remains to complete the commissioning process,” an official source at a MoEI said.
June 16, 2013
A mainstay of Pakistan’s economy, the textiles industry has been hit especially hard by the nation’s energy shortage.
Reposted from The Daily Times
All Pakistan Textile Mills Association (APTMA) has cautioned the government the Punjab-based textile mills were on the verge of destruction, as the electricity cut has increased to 12 hours a day on the one hand and gas supply has decreased to twice a week on the other.
As a result, the APTMA spokesman said the industry was unable to keep operations afloat and the workforce of two work shifts was being laid off with the 50 percent production cut no more letting the industry meet export commitments. More…
March 10, 2013
Reposted from Gojamaica.com
For Jamaica to successfully position itself as one of the global economy’s major logistics hubs, it must establish itself as a vital link within global value chains. This was the message from Mrs. Pat Francis, Executive Director of the International Trade vCentre (ITC) as she addressed private and public sector leaders at a breakfast briefing hosted by the Jamaica Chamber of Commerce in Kingston on Thursday, March 7. More…
February 18, 2013
Iraqi Kurdistan is aiming to diversify its economy and attract more foreign investment
Reposted from Al-Monitor
By Abdel Hamid Zebari
The Kurdistan Region of Iraq is preparing to change its investment approach to focus on new areas of foreign and local investment — including tourism, agriculture and industry — after having focused exclusively on housing and oil for the past six years.
Despite the fact that oil investments are the largest investments in the Kurdistan region, they fall outside of the investment law. These investments are carried out in a differ manner from those in business, industry and agriculture.
According to statistics obtained by Al-Monitor from the General Investment Authority in the Kurdistan Region, foreign and local investments have reached $24.5 billion across 521 projects extending over an area of 8500 acres in the region’s three major cities, Erbil, Sulaymaniyah and Dohuk. More…
February 7, 2013
Reposted from The Caribbean Journal
Ile a Vache, a paradise island in front of the city of Les Cayes.
By Davidson Toussaint
HAITI, ONCE KNOWN as the “jewel of the islands,” has been facing insurmountable challenges since it achieved its independence in 1804.
Though each challenge presented its own opportunity, there has not been enough of a united effort over the years to bring the country out of its misery. More…
January 29, 2013
Reposted from Cuba Study Group
By Matthew Aho, Inter-American Dialogue’s Latin America Advisor
John Kerry is expected to be confirmed soon as U.S. secretary of state. During his tenure in the Senate, Kerry has criticized U.S. programs aimed at fostering democracy in Cuba and proposed opening up U.S. travel to the island. Will having Kerry as secretary of state affect U.S. relations with Cuba? Will President Barack Obama’s first-term moves to ease some travel and remittance restrictions for Cuban-Americans lead to additional relaxed restrictions in his second term? To what extent would looser restrictions toward Cuba present business opportunities for U.S. firms? Which industries could benefit? More…
September 18, 2012
Reposted from Haiti Libre
The Interamerican Development Bank (IDB), who expects to provide up to $180 million in grants over a six-year period for the new industrial park, in the North of Haiti, announced the approval of a $50 million grant to Haiti for the second phase of construction of the Caracol Industrial Park.
The new grant includes funds for additional hydrological studies, as well as for hiring firms to manage and maintain the new facility and to monitor tenants’ compliance with labor laws, health and safety standards and social and environmental safeguards, IDB will provide technical assistance to strengthen local municipal governments by improving their capacity to manage urban More…
August 17, 2012
The Phnom Penh Post
Garment factory in Phnom Penh, Cambodia
By May Kunmakara
The Cambodian government has approved 53 new garment and footwear factories, worth an estimated US$338 million, during the first half of this year, compared with 38 last year valued at $180 million, despite the increase in the number of strikes affecting the industry. More…