If you’re reading this, you have quite a powerful language. There are 1.5 billion global English speakers – the most spoken language in the world. Why not make your linguistic skills even more powerful by learning other strategic languages? It’s always useful to learn aspects of a language while traveling – phrases in German, French, Italian, Greek and Romanian for your trip across Europe, perhaps. But there are a handful of languages that would be wise to learn, especially as a frequent traveler. Here are the three most useful second languages as per
There are at least 315 million native and non-native speakers in the Arab world, making it the fifth most spoken language in the world. With it, traveling to the Middle East and parts of Africa and Asia is so much simpler (especially since the written language is so different from English lettering). Arabic is the official language of Jordan, Morocco, Saudi Arabia, and a few dozen other countries. It’s also the liturgical language of the Muslim population (around 1.5 billion people), making it highly important to religious scholars and those with an interest in the topic.
Every traveler likely knows a tiny bit of Spanish, but with so many Spanish-speaking countries, it’s a no-brainer to learn in an effort to make your trips easier and more rewarding. There are about 400 million nature speakers in countries around the globe: Argentina, Bolivia, Cuba, El Salvador, Guatemala and, of course, Spain, just to name a few. It’s universally recognized as useful, as it’s the third most studied language in the world behind English and French.
If you want to interact with 1.1 billion or so people, you’re going to have to do so in Mandarin Chinese, nearly a billion of which are native speakers. China is expected to become the world’s leading economy by 2050. If you’re in business, it’s a must-know language. It would at least be extremely useful as the country’s worldwide influence increases.
New York (CNN Business) The epic American oil boom is just getting started. OPEC, on the other hand, is stuck on the sidelines. US oil production is on track to spike to a record 13.4 million barrels per day by the end of 2019, according to a recent report by energy research firm Rystad Energy. Texas alone is expected to soon top 5 million barrels per day in oil production — more than any OPEC member other than Saudi Arabia. Oil plunges back into bear market The surge in American barrels — led by the Permian Basin in West Texas — has offset oil blocked by US sanctions on Venezuela and Iran. But all of that US oil is also contributing to a supply glut that last week sent crude into another bear market. OPEC has been forced to scale back its output — a trend that could continue as the cartel tries to prop prices back up. “We continue to see the Permian representing the key driver of global oil supply growth for the next five years,” Goldman Sachs analyst Brian Singer wrote to clients on Monday.
US daily output could soon top 14 million
The shale oil revolution has made the United States the world’s leading producer, surpassing Saudi Arabia and Russia. The ferocity of the US shale oil revolution has caught analysts off guard several times over the past decade. Rystad Energy ramped up its year-end US output forecast by 200,000 to 13.4 million barrels per day. In May, the United States likely produced a record 12.5 million barrels of oil per day, the firm added. All but four million of those barrels were from shale oilfields. That growth is expected to continue. The United States is on track to end 2020 by producing 14.3 million barrels per day, Rystad projects. That’s slightly higher than the firm previously estimated and nearly triple 2008’s output. Of course, analysts could have to rein in those blockbuster forecasts if oil prices crash significantly further. That would force American frackers to preserve cash and pull back on production.
OPEC’s production hits five year low
OPEC remains in retreat as the cartel tries to balance the market by putting a floor beneath prices. OPEC’s oil production tumbled to 29.9 million barrels per day in May, the lowest level in more than five years, Rystad said. OPEC output is down 2.6 million per day since October 2018 — the month before oil prices crashed into the last bear market. Khalid al-Falih, Saudi Arabia’s energy minister, said on Friday that OPEC is close to a deal to extend its production cuts. Those cuts, which Saudi Arabia has borne the brunt of, are due to expire at the end of June. The stock market is ‘spoiled’ by rate cuts” We think that OPEC will at least maintain its output cuts, and maybe even deepen them at their next meeting,” Caroline Bain, chief commodities economist at Capital Economics, wrote in a note to clients on Monday. Rystad dimmed its projection for Saudi Arabia’s oil production from 10.6 million barrels per day to 10.3 million.
Venezuela, Iran under pressure
OPEC’s output could be further hurt by problems in some of its member countries. Iran’s oil exports have plunged because of US sanctions. The years-long collapse of Venezuela’s oil industry has been accelerated in recent months by US sanctions and sprawling blackouts in the South American nation. “There appears little prospect of a recovery in output from Iran or Venezuela any time soon,” Bain wrote. Violence is also threatening oil production in Libya and Nigeria. All told, Rystad Energy estimates 1.3 million barrels per day of oil production is at risk in those four OPEC nations. “Risks to short-term supply are undoubtedly still plentiful,” Rystad analyst Bjørnar Tonhaugen said in the report.
Will crude slide below $50?
Despite all this, analysts aren’t predicting a spike in oil prices. If anything, forecasters are bracing for more pressure on prices, due in part to robust US production. Brent, which has tumbled about 15% since late April to $63 a barrel, should finish the year at around $60 a barrel, according to Capital Economics. The US economy is about to break a record. These 11 charts show why US oil prices, trading at about $54 a barrel, are down nearly 19% since late April. Recent selling has been driven by a spike in oil inventories that suggest demand for crude is deteriorating. Goldman Sachs said that a reversal in the oil demand metrics will be required to prevent US oil prices from sinking below the $50-$60 range.”Our real concern is over demand weakness,” consulting firm Facts Global Energy wrote in a report on Monday. “Have we entered an era where demand will keep falling and we have a lot more oil on our hands than expected?”
APO Group – Africa Newsroom / Press release informs that despite a difficult business environment in Iran . . . , 865 exhibitors from 21 countries present the entire value chain at Iran agrofood 2019. Here it is.
National pavilions of Brazil, China, Germany, India, Italy, Russia and Turkey
TEHRAN, Islamic Republic of Iran, June 5, 2019/APO Group/ —
Despite the currently difficult business environment in Iran, as many as 865 exhibitors from 21 countries will be presenting their products, solutions and technologies “from field to fork” at iran agrofood 2019. More than 40,000 trade visitors from all over Iran and neighbouring countries are again expected. Brazil, China, Germany, India, Italy, Russia and Turkey will be represented with official pavilions this year. iran agrofood consists of the five partial events iran agro, iran food + bev tec, iran bakery + confectionery, iran food ingredients and iran food + hospitality and has been organised by the German trade show specialists fairtrade (www.fairtrade-messe.de) and its Iranian partner Palar Samaneh (www.Palar-Samaneh.com). The 26th edition will take place from 18 to 21 June 2019 at the Teheran International Fairground.
The exhibitors come from Austria, Brazil, China, Denmark, Georgia, Germany, Greece, India, Indonesia, Iran, Italy, Mongolia, Netherlands, Poland, Russia, Slovakia, Spain, Switzerland, Tunisia, Turkey and the United Arab Emirates.
Seven official national pavilions
Brazil, China, Germany, India, Italy, Russia and Turkey are present at iran agrofood 2019 with official national pavilions. The Netherlands and Switzerland are represented through stands of their embassies.
Following the successful participations in 2017 and 2018, Brazil will again be present this year with an official pavilion at iran food + hospitality, organised by the Brazilian Embassy in Tehran. 10 Brazilian companies will present the finest meat, coffee and food from Brazil.
China participates with 19 exhibitors at iran food ingredients, iran food + hospitality and iran food + bev tec.
The official German Pavilion is presented by the German Federal Ministry for Economic Affairs and Energy, in cooperation with the Association of the German Trade Fair Industry (AUMA) and supported by VDMA Food Processing and Packaging Machinery. Altogether 15 German companies take part in iran food + bev tec & iran food ingredients.
Not less than 24 Indian exhibitors display their products at iran food ingredients & iran food + hospitality, supported by the India Trade Promotion Organisation ITPO, the Associated Chambers of Commerce & Industry of India ASSOCHAM, and the Cashew Export Promotion Council of India CEPCI.
For many years Italy has been one of the most important exhibitor nations at iran food + bev tec. While the Italian participation in recent years has been organized solely privately, the 2019 Italian participation featuring 22 Italian exhibitors is for the first time complemented by an official Italian pavilion with the support of the Italian Trade Agency ITA.
The Russian Federation presents itself for the first time at iran agro 2019 with two official pavilions. One from the Republic of Bashkortostan, Russia’s most populous republic. And another from the Kabardino-Balkar Republic in the North Caucasus. Both pavilions are officially supported by the Russian Export Center. A total of 9 Russian exhibitors will present technologies for agriculture, milk production and water treatment.
As in previous years, Turkey will again be officially represented this year at iran food + bev tec & iran food + hospitality. The Turkish pavilion with 11 exhibitors is supported by the Turkish Ministry of Trade.
The 26th edition will take place from 18 to 21 June 2019 at the Teheran International Fairground
Iran agrofood 2019 presents the entire value chain “from field to fork”
Iran agro 2019 – The agricultural event within iran agrofood
Contact Iran: Palar Samaneh Co. Ms Ladan Maleki Apt.1, Amin Building (No.18) – Amini Alley South Shiraz St. Molasadra IR – Tehran 14358-93681 Tel: +98 21 88 05 94 57 +98 21 88 05 94 58 +98 21 88 05 94 59 Fax: +98 21 88 04 48 17 firstname.lastname@example.org www.Palar-Samaneh.com
fairtrade – Valuable business contacts: fairtrade (www.fairtrade-messe.de) was founded by Martin März in 1991. Since long, fairtrade ranks among the leading organisers of professional international trade fairs in emerging markets, especially in North and Sub-Saharan Africa, the Middle East and Eastern Europe. Managed by its shareholder and his son Paul März and committed to the values of a family business and the team spirit, fairtrade maintains a powerful network of partnerships throughout the world. fairtrade organizes shows in the sectors Agrofood, CIT Solutions, Energy, Industry and PlastPrintPack and strives for a high level of customer satisfaction.
By means of innovative products and excellent service fairtrade organizes professional platforms for valuable business contacts between exhibitors and visitors. fairtrade is a member of UFI The Global Association of the Exhibition Industry and AAXO The Association of African Exhibition Organisers. The management is ISO 9001:2015 certified.
Palar Samaneh: Based in Tehran Palar Samaneh (www.Palar-Samaneh.com) has organised over 50 international trade fairs of major importance in Iran over the past 10 years. Having played an important role in the growth of the Iranian trade fair market, Palar Samaneh makes use of this knowledge for the benefit of its customers.
In addition to their exhibition organization department, its stand building unit serves individual exhibitors as well as country pavilions all over the Middle East and the CIS-countries.
The World Economic Forum article dated 28 May 2019, could well be applied to most of the countries of the MENA region. Apart from the oil exporting ones, all the others’ informal economy appears to the naked eye as undergoing the same phenomenon but perhaps at a lesser density. In effect, very much like in the neighbouring sub-Saharan regions, the MENA’s informal markets seem to be pushing towards a new kind of business structure. A new kind of company is revolutionising Africa’s gig economy?Aubrey Hruby, Senior advisor to Fortune 500 companies replies.
For more than 30 years, governments and international development organizations have followed the same recipe for formalising the world’s informal economy; enacting new legislation and regulations or abolishing those that get in the way of the process.
By 2035, Africa will contribute more people to the workforce each year than the rest of the world combined. By 2050, the continent will be home to 1.25 billion people of working age. In order to absorb these new entrants, Africa needs to create more than 18 million new jobs each year. Given the urgent need to provide jobs and livelihoods to Africans, it is time to examine the conventional wisdom that informal markets must transition into formal markets. Development finance institutions (DFIs) and private investors in African markets can play a critical role in both advancing Africa’s gig economy and changing the narrative that growth in informal markets is incompatible with sustainable development.
Across African markets, companies are pioneering business models that bridge the formal and informal sectors; in these models, each company is a formal entity but can mobilise large numbers of informal actors in their supply chains or service delivery. While this has been done in dairies in Kenya and at coffee and cocoa outgrowers across the continent and in other sectors for nearly a century, the penetration of mobile phones has enabled a new breed of African companies to monetise their ability to organize and inject trust into fragmented informal markets. However, unlike Uber or Airbnb, which disrupted largely formal sectors, many of Africa’s new ‘gig economy’ firms are writing the rules for whole new industries in local markets.
Perhaps the most high-profile example is Safaricom’s M-PESA. Since its launch in 2007, M-PESA, a mobile payments system developed by Kenya’s largest telecoms operator, has enabled millions of informal sector workers to move money at a lower cost, which has provided a significant boost to the Kenyan and Tanzanian economies. Another, more recent example, is Nigeria’s Cars45, operated by Frontier Car Group. Nigeria’s $12 billion used car industry is largely informal and characterised by distrust, a lack of standardisation and the absence of a structured dealer network. Cars45 facilitates the buying and selling of used cars by pricing and rating their condition transparently and conducting online auctions. Many sectors throughout the continent remain highly informal and would benefit from these types of bridges into formality. These ‘bridge companies’ are going to define the future of employment in African countries.
DFIs are ideally placed to invest in bridge companies in African markets, given their long presence and in-depth engagement with local financing environments. The International Finance Corporation (IFC) and the UK’s CDC Group already invest in technology-enabled start-ups, and others, including OPIC, are adapting their strategies to be able to do so. Many of the continent’s most promising technology-enabled bridge companies are starting to raise funding large enough to attract the attention of DFIs. Frontier Car Group recently raised $89 million, Kenya’s Twiga Foods raised $10 million, and Nigeria’s Kobo365 has raised $6 million. Overcoming a dearth of funding remains one of the highest barriers for African entrepreneurs, and the development impact of investing in those that improve employment is enormous.
The gig economy comes with limitations. Lack of legal rights, limited career progression, stagnant pay and a lack of benefits are just some of the issues that will need to be addressed in an ‘Uberised’ world. These challenges, plus the day-to-day economic uncertainty, make the informal sector far worse in many ways than the formal. Bridge companies – because they are registered, and have a public brand and centralised management – can be pressured into addressing issues around workers’ wellbeing. Studies into the financial behaviours and needs of low-income families by BFA, a consulting firm specialising in financial inclusion policies, found that workers often aspired to ‘gig economy’ jobs but hated casual labour (such as waiting on a corner to be hired for the day) because of the lack of reliability and predictability.
The future of work is changing and the mass job creators of today will not be able to meet the needs of tomorrow’s workforce in the same way. Bridge companies are pioneering new ways of injecting efficiency and higher productivity into traditional informal markets. Investing in this trend is critical to solving Africa’s pressing job creation need.
As Chinese President Xi Jinping concluded the latest high-level Belt and Road gathering of world leaders in Beijing last month, China’s signature project has seemingly entered a new phase: worldwide acceptance of the Belt and Road Initiative (BRI) as a fact of international life (like it or not). So, with the wind at its back, is China doubling down on its investments worldwide? Not exactly. The total value of China’s global investments and construction contracts actually fell by $100 billion in 2018, according to data analyzed from the American Enterprise Institute’s China Global Investment Tracker. Just about every region saw a significant decline in Chinese investment or construction projects except, surprisingly, for one: the Middle East and North Africa (MENA).
A flurry of Chinese investment and construction projects in the MENA region over the last three years has made it a key geoeconomic partner for Beijing. But surely, in pure volume terms, the MENA region could not have attracted as much Chinese economic activity as sub-Saharan Africa or East Asia, right? Think again. The MENA region ranked as the second-largest recipient of investment and Chinese construction projects worldwide after Europe in 2018, as the chart below shows.
MENA’s Growing BRI Clout
In 2018, the Middle East and North Africa leapfrogged other emerging markets as a destination for BRI projects.
The MENA region ranked ahead of traditional BRI stalwarts East Asia and sub-Saharan Africa last year, recording $28.11 billion in new projects. The region still lags behind both those regions as a whole since the launch of BRI in 2013 and dating back to 2005, but a three-year surge has brought it in closer proximity to the top of the table. That could mean a windfall for Chinese state-owned construction companies as the majority of MENA projects involve construction, rather than foreign direct investment.
Of the 2018 MENA total, nearly three-quarters was targeted at Egypt, the United Arab Emirates, and Saudi Arabia. Those three countries also make up half of the “$20 billion club”—the group of countries with more than $20 billion worth of projects from China dating back to 2005.
Chinese Investment in MENA Countries
MENA countries with more than $20 billion worth of investment and construction projects by Chinese firms since 2005.
The list here is heavily skewed toward regional oil producers, with the exception of Egypt, and most of China’s projects in the region involve construction rather than investment. Despite a recent setback, Chinese state-owned enterprises will likely play a prominent role in Egypt’s ambitious infrastructure program, including the building of a new, gleaming capital city just outside Cairo. Chinese construction companies were vitalin President Abdel Fattah al-Sisi’s ambitious Suez Canal economic zone project.
At the Belt and Road Forum last month, Chinese enterprises also announced a new $3.4 billion investment to build a trade hub for Chinese goods in Dubai’s Jebel Ali Port, as well as a manufacturing and processing hub for animal and agricultural products for the food industry. China’s dramatic ramp-up of projects in the UAE suggests that it sees the country as an important piece of its Belt and Road logistics network.
Other significant nodes of China’s economic footprint in the region are Israel ($12.19 billion), Kuwait ($10.43 billion), and Qatar ($7.27 billion), according to data analyzed from AEI’s China Global Investment Tracker for the years 2005-2018.
China is pouring a lot of concrete and cement into construction projects in the region but what of Middle East exports to China? How is China affecting the bottom line of key MENA states?
The answer broadly: If you have oil or gas, China is likely to be a major export destination.
Exports to China From MENA Countries
China has emerged as a vital export destination for several countries in the Middle East and North Africa. For these countries below, China made the top five in 2018.
Major oil and gas producers generate significant revenues from Beijing, and China ranks as the top export destination for Saudi Arabia, Iran, Kuwait, and Oman, according to an analysis of data from the International Monetary Fund’s Direction of Trade Statistics.
In some cases, key U.S. allies such as the UAE send nearly three times more exports to China than to the United States, and for Kuwait, Qatar, and Oman, the gap is even starker, with nearly eight times, nearly nine times, and nearly 28 times, respectively, more goods exported to China than to the United States.
For Saudi Arabia, the difference in 2018 was less stark, sending some 30 percent more exports to China than to the United States, according to an analysis of IMF data. Expect this gap to widen as the United States continues to ramp up domestic oil production.
Meanwhile, most North African countries still maintain an export profile heavily dependent on Europe rather than on China, and Israel sends four times more goods to the United States than to China.
You can expect this map to get to darker shades of red over the next decade, particularly as China’s demand for energy—especially natural gas—continues to grow.
Afshin Molavi is a senior fellow at the Foreign Policy Institute of Johns Hopkins School of Advanced International Studies and the editor and founder of the New Silk Road Monitor blog.
10 Scenarios for the MENA region in the year 2050 as elaborated and written by @Eubulletin | Thursday, May 9th, 2019
Scenarios are imagined futures that can demonstrate how current actions may lead to dramatically different outcomes, but also serve as useful tools to help guide strategy and shape the future. This analysis lays out long term scenarios (2050) for the Middle East and North Africa (MENA). These conclusions point towards greater conflict and contentious state-society dynamics, regional fragmentation and shifting centres of gravity, the region’s embeddedness in global rivalries and disruptive socio-economic and environmental international trends.
Unstoppable Climate Change
By 2050 climate change will be a decisive global reality, but its impact will differ from one region to the other. The countries of the Middle East and North Africa (MENA) will be among the most affected: the effects will be felt across the region in the form of extreme weather phenomena, heat waves and droughts, desertification, severe water shortages and a rise in sea level. One of the most vulnerable areas will be the Nile Delta, where a sea-level rise of about 50 cm could force 4 million Egyptians to resettle to other areas. The region’s governments and societies will have to deal with scarcity of natural resources, including food, price volatility and the risks associated with new pandemics.
By 2050, a post-oil world order will be in place due to profound changes in the global energy market. Such a new order will not be triggered by a lack of supply: on the contrary, fossil fuel production may even increase for a time, thanks to the exploitation of new reserves, innovative investments in oil and tar sands, the popularization of LNG and fracking development projects beyond the United States. Prices may remain relatively low for some time despite the high demand from emerging economies. But in the longer term, the main driver of decarbonisation will be the gigantic steps forward in technological innovation for renewable energy production and storage capacities, which will be more popular due to global awareness of the climate change.
An Urbanized Region
The MENA region is characterized by high urbanization. Some 60 percent of the population was already urban by 2018 and this trend will not be reversed by 2050. While we are already familiar with “Mega Cities” such as Cairo and Istanbul, new ones will surpass the 10 million people benchmark. Baghdad and Khartoum, each with 15 million inhabitants, will be two of the fastest-growing cities in the region. The capacities of urban spaces to accommodate this new reality will depend on the pace of growth but even more on the resources deployed by local and national authorities to upgrade basic infrastructures such as public transport, sanitation and housing.
Digitalization and Automation
Technologization will be a global megatrend by 2050. Automation and Artificial Intelligence will radically transform job markets in most countries. The MENA region will be particularly affected by those trends due to the already high (and seemingly persistent) unemployment and underemployment rates, particularly among young people. While the Gulf region and Israel may adapt more easily to these changes, other countries, with large working populations, strained job markets and insufficient governance could face major social problems. Infrastructural investment, business culture, education and regulation will also determine the ability to adapt to these megatrends.
Religiosity, Individualization and Citizenship
Societal trends in the MENA in 2050 will result from the complex interplay between endogenous and exogenous variables. Fragmentation and centrifugal dynamics are likely to shape both the religious and the secular camps as well as societies as a whole. Individualization processes, among which the fact that religious or non-religious choices will be the result of each person’s preferences, and the contestation of intermediate authorities (such as religious bodies) will further fragment each camp. In any case, attitudes towards religion will continue to be a major driver of societal and political dynamics and remain a highly contentious issue.
Strong or Fierce States
Attempts to erode or complement the role of states in the region will continue. This is likely to happen by efforts to curtail their size and prerogatives. Next to this, challenges to the authority of states will prompt analysts and pundits to speculate on the weakening or outright collapse of the state system and the redrawing of the regional order. Yet, MENA states could prove more resilient than some expected. By 2050, controlling the state will remain the main and often only guarantee for elite survival. State agents (state elites, the public sector, security apparatuses) and the dynamics revolving around them (clientelism, state capitalism) will remain predominant in the region compared with other parts of the world.
Managing the Effects of Today’s Conflicts
It is impossible to determine which of the conflicts current today will be solved by 2050 and which will still be in place – let alone to predict new ones that may emerge. Nevertheless, we can take it for granted that the effects of today’s conflicts will continue to be felt in the MENA countries in 2050. Even in those cases where effective solutions have been put forward, the post-conflict trauma will mark one or more generations. In addition, new drivers of conflict are very likely to come to the forth, but all these phenomena can turn into either sources for risks or opportunities depending on how they are managed by regional and international actors.
China: Primus Inter Pares
By 2050, China is likely to be the world’s largest economy. Its annual growth rate will have remained considerably steady, keeping in check internal tensions associated with inequality and governance deficits. After almost four decades since its inception, the Belt and Road Initiative has the potential to drastically transform the socio-economic landscape of the Asian continent and of the MENA region. On the basis of the positive returns of China’s initial investments in the 2020s, the MENA authorities’ willingness to engage with China will further increase.
By 2050, the African continent could be home to 2.5 billion people. This is twice as many as in 2019. Nigeria’s population will have reached 400 million and may rank 14th among the world’s largest economies. The number of African workers will have already surpassed that of China. African mobility will be a major issue, both in terms of rural exodus and international migration. Africa’s weight in global affairs will be one of the game-changers of the following decades. The MENA region will naturally look southwards, both in terms of opportunities and risks. Not only will the MENA care more about African affairs, African leaders will also have a say in the evolution of the Middle East and the Maghreb.
Europe and the MENA Region: A Family Issue
Geographic proximity will remain a key factor in the relations between Europe and the MENA region. What is likely to change is the intensity of the societal bonds between these two spaces and what governments and the people make of it. By 2050, the proportion of Europeans with some sort of MENA background will be much higher than it is today. Such people will no longer be perceived as second- or third generation migrants but as Euro-Arabs, Euro-Turks, Euro-Kurds and Euro-Amazighs. This diversity will not only be present at the level of the general population but also among the two generations of new political and economic elites. The intensity of the connections between the EU and the region could further grow if some countries of the MENA region become members or reinforce their association with the EU.