By bne IntelIiNews Tensions between Tehran and Baku are spiralling into dangerous territory. Don’t let the public messages of support for each other made on the occasion of the anniversary of the Second Nagorno-Karabakh War fool you. In a scathing edit…
Mota-Engil Africa-led consortium to invest $450mn in Angola’s Lobito corridor concession
By Elena Kachkova in Johannesburg Mota-Engil Africa, a subsidiary of Portuguese infrastructure group Mota-Engil, has signed an agreement for the concession of rail services and logistical support for the Lobito corridor in Angola in a consortium with S…
Iran warns Saudi Arabia it may lose ‘strategic patience’
By bne IntelIiNews Iran on November 9 warned Saudi Arabia that there is no guarantee of Tehran continuing to show “strategic patience”, according to semi-official Iranian news agency Fars. The warning to Iran’s regional rival was served by the country’…
Renowned former petrochemicals CEO Konov sells stake in Sibur
By Theo Normanton in London Dmitry Konov, the former CEO of Russian petrochemicals major Sibur, has told Interfax that he no longer holds his 2.59% stake in the company. After a legendary 15-year tenure, Konov stepped down from his position as CEO in M…
Eurasian central bank governors battling inflation with mixed success
By Ben Aris In Samarkand Inflation appears to be under control in Uzbekistan and to have peaked in Georgia and Armenia, but with prices still rising in Kazakhstan the regulator is ready to raise rates “as much as necessary,” the governors of the centra…
Serbia’s Ananas E-commerce aims to become Amazon of the Balkans
By Valentina Dimitrievska in Skopje Serbian online trade platformAnanas E-commerce, part of the Delta Holding corporation, plans to expand in the Balkan region and beyond, starting from its recent acquisition in North Macedonia, the company’s internati…
Analyst warns more than 100 kamikaze drones in development around world
By Will Conroy in Prague In just five years, the number of countries manufacturing and exporting unmanned aerial vehicles (UAVs), or kamikaze drones, has exploded, warns a Carnegie analyst who has examined “the larger geopolitical shift behind Iran’s d…
How far will China go to support Russia?
Western leaders have been looking to Beijing in the hope of persuading China – as Russia’s most powerful ally and key trading partner – to use its influence on Russia over Ukraine. First US diplomats urged China to persuade Russia not to use nuclear we…
Former Tinkoff head rebuffs “libelous” allegations by billionaire banker Oleg Tinkov
By Theo Normanton in London Oliver Hughes, the British former CEO of Russian digital bank Tinkoff, has publicly rejected accusations by the bank’s former owner Oleg Tinkov that he is still managing operations at the bank behind the scenes in breach of …
Kazakhstan: Tokayev’s election campaign strives for legitimacy bump
By Zholdas Oristbayev for Eurasianet On the same day that Kazakhstan completed the registration process for the six people running for president in this month’s snap election, swarms of volunteers in blue jackets fanned out into the capital, Astana, di…