Patriot Games: New President, but United Front on Iranian Nuclear Program?

This weekend, the world welcomed the surprise victory of Hassan Rouhani, the most “moderate” of approved candidates in Iran’s presidential election. Commentators voiced optimism over potential changes in policies, amid ongoing economic sanctions against Iran’s nuclear program, but coming changes to Iran’s foreign relations are likely overstated. Iranian elections are notoriously hard to predict, and […]

What to Watch in 2013: Eastern Europe/CIS edition

The following inexhaustive list is a companion to last week’s post on things to watch in MENA and our recently published outlooks. In general our regional outlook, like our global one, has become brighter on the margins but emphasizes the divergence in growth across the region and across emerging and frontier markets. We’ll be treating […]

What to Watch for 2013: MENA Edition

2012 has been quite another rollercoaster year for the Middle East, including rocky transitions, flareups and protracted conflict. Meanwhile the region finally started benefitting from the lagged effect of higher oil prices. 2013 will no doubt bring more of the same, particularly as populations and leaders struggle to begin responding to economic grievances. Clockwise from […]

QE3: Buoying the GCC

The Economonitor’s QE3 week is perfect timing as we’ve been thinking a lot about the effects of the latest bouts of global monetary stimulus on the Middle East and North Africa – as summarized in part of our omnibus MENA quarterly presentation. We argue there that even though EMs and to a lesser extent frontier […]

Canada: Of Resource Investment and ‘Net Benefit’s

Two important pieces of news for the Canadian resource sector were announced today, both reference in some way the “net benefit” clause for investment in Canada, one at a national level (Nexen-CNOOC), the other at a provincial (National Gateway pipeline review), both important to Canadian and global resource supply chains. First, the proposed takeover of Nexen […]

A Week in Sovereign Wealth: From Nigeria to Qatar

Its been an important week for two funds at different ends of the sovereign investment risk tolerance spectrum – Nigeria and Qatar, both of which have sparked a series of headlines and have intentionally or not taken some new strides. The Nigerian governors breaking the deadlock on the country’s new US$1 billion fund and Qatar […]

QIA: A Taste for Commodities

In the last month, even as markets have sold off on worsening macro news, many SWF watchers in the press remain  agog over the recent flurry of purchases by the Qatar Investment Authority across the commodities space, particularly the energy sector, as well as some other extensive purchases.  It seems a good time (if a […]

Canada’s Trade Ties: Harper Heads to China

Canadian Prime Minister Stephen Harper heads to China today on a much-anticipated trip, his first since 2009, when his trip was far overshadowed by President Obama’s first trip. He has the privilege of being one of the first global leaders to visit China after the holiday period, though we expect Chinese leaders will again be […]

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