Eurasia / News

Georgia’s booming, little regulated gambling industry doubled in size during 2018

Iulian Ernst in Bucharest October 11, 2019

Most casinos located in Batumi, known as “The Las Vegas of the Black Sea”, just half an hour from Turkey from where it draws droves of customers.

Crunch year for Iran as World Bank forecasts 8.7% GDP contraction in 2019/2020

bne IntelliNews October 10, 2019

Economic update highlights how hard it will be for government to address climbing poverty rates resulting from punishing US sanctions imposed on Islamic Republic.

Iran ‘foiled plot to assassinate army chief behind out-of-country operations’

bne IntelliNews October 3, 2019

Official claims Israeli and Arab agents had plan to detonate explosives by grave of Major-General Qassem Soleimani’s father. Iranian armed forces, meanwhile, unveil new drones and micro-mine and micro-robot units.

Uzbekistan has decided to join EEU says Russian official

Kanat Shaku in Almaty October 3, 2019

Senate speaker states “Uzbek president has made a decision” to apply for membership of the Moscow-led trade bloc.

‘Fatigue-related incidents’ among Uzbek officials labouring under workaholic president surprise foreign investors

bne IntelliNews October 1, 2019

“He fell asleep twice during an afternoon meeting,” says one Western financier after meeting mid-level Uzbek official made busy by Shavkat Mirziyoyev’s reform-packed agenda.

Public’s perception of direction Georgia is taking most negative in almost a decade

Iulian Ernst in Bucharest September 23, 2019

In six months, percentage of survey respondents saying country is headed in wrong direction increases to 49% from 38%.

Stop “demonizing” Armenia’s mining industry PM tells environmental activists

bne IntelliNews September 20, 2019

Nikol Pashinian warns mineral export revenues are so important to small nation that in event of renewed war with Azerbaijan the depletion of them would be a matter of national security.

Iran’s Zarif issues “all-out war” warning

bne IntelliNews September 19, 2019

US Secretary of State Pompeo says of Iranians: “It’s not the case you can subcontract out devastation of 5% of world’s global energy supply and think you can absolve yourself from responsibility.”

SAUDI OIL ATTACKS: Iran warns of wider conflict, Trump becomes unlikely fan of UN

bne IntelliNews September 18, 2019

Riyadh presents debris it says shows Tehran at least sponsored pre-dawn strikes, Houthis stage press call to substantiate their military capabilities.

Saudi Arabia restores 2mnbpd out of 5.7mnbpd following drone missile attack

Ian Simm in Edinburgh September 18, 2019

Saudi Arabia has already restored 2mn barrels per day (bpd) of oil production from the 5.7mnbpd that were knocked out by last weekend’s drone and missile attack on its largest production facilities at Abqaiq and Khurais.

Azerbaijan launches massive military drill

bne IntelliNews September 17, 2019

Azerbaijan’s armed forces launched massive operational and tactical exercises involving up to 10,000 personnel on September 16, in show of strength related to its long running dispute with Armenia over the disputed Nagorno Karabakh region

Trump stops short of pinning definitive blame on Iran for Saudi oil attacks

bne IntelliNews September 17, 2019

Critics may see his cautious approach as evidence of a vulnerability: an aversion to getting dragged into an unpopular Middle East war in the run-up to the 2020 US election.

Drone attacks on Saudi oil facilities not set to impact oil flows to Europe in big way

Ben Aris in Berlin September 16, 2019

Europe takes little oil from Middle East. It is heavily dependent on Russia for crude deliveries and can turn to Moscow to fill any gaps. The effect on the oil price, however, is a different matter.