Saudi Arabia plans to complete its $100 billion King Abdullah Economic City by 2035, the CEO of the company in charge of the project told AP. Developers hope the city will become the main logistics and manufacturing hub for countries on the Red Sea.
Cuba's detractors have long been guilty of dismissing the achievements of the Cuban Revolution, while some of its supporters have lapsed into romanticizing the hardship its people have endured as a consequence of its isolation.
China may more than double its investment in the Russian economy to $10 billion within 5 years if conditions are favorable, said the Deputy Secretary-General of the China Overseas Development Association He Zhenwei.
Leader of France’s National Front party, Marine Le Pen, has launched a month-long blitz against the Transatlantic Trade and Investment Partnership (TTIP) – a proposed EU-US treaty, which has been criticized for secretiveness and lack of accountability.
Bitcoin Tracker One (BTO), the first tracker certificate that uses Bitcoin as the underlying asset, started trading at Nasdaq Nordic in Stockholm on Monday. This gives the opportunity to invest in Bitcoin without holding the coins themselves.
Ukraine has every chance of becoming a gas exporter again, as it was in the first half of the 20th century, said US Ambassador to Ukraine Geoffrey Pyatt. He added that the US will certainly help Kiev to achieve the goal.
China Railway Group Ltd has won a $390 million contract to develop the Moscow-Kazan high-speed railway which is to be further extended to China. The railway will become part of the new Silk Road project.
Conservative MP and Mayor of London Boris Johnson sarcastically compared his new cabinet post in Westminster to a zero-hours contract, insisting the lucrative promotion will not detract from his mayoral duties.
The Heilongjiang branch of the Export-Import Bank of China has allocated over $96.5 million to construct the Chinese section of the Sino-Russian railway bridge. The first railway bridge over the Amur River should cut transportation times and boost trade.
Western “colonial” states are not interested in S. Africa’s development, but rather want to take its natural resources and never give anything back, Jacob Zuma, S. African president, told RT. It’s China’s investment that Zuma sees as a way to prosperity.
Russia and China have signed a number of energy, trade and finance deals on Friday aimed at strengthening economic ties. The two countries have multiple mutual projects which “achieved a unity of views on a wide range of issues.”
The biggest capital flight from the UK in three decades might be linked with the upcoming general election in which no one can really predict the result, Keith Boyfield of Keith Boyfield Associates told RT.