The Middle East Needs More Parts
The aftersales automotive industry in the GCC states may well achieve billions of dirhams because of the present trend in vehicle ownership.
The aftersales automotive industry in the GCC states may well achieve billions of dirhams because of the present trend in vehicle ownership.
Now that Myanmar is gradually emerging from military oppression and opening up to foreign trade and investment, international businesses are rushing in feverishly, like a pack of wolves drawn to fresh meat.
In a recent study by Michael Sivak from the University of Michigan’s Transport Research Institute, the distance traveled by light duty vehicles in the US has decreased since peaking in 2006.
Almost by stealth, the good old US of A has become the world’s top producer of natural gas replacing Russia. According to a report by Kevin Logan of HSBC, this occurred in 2011, an event therefore missed by most of us. In the same article, Logan is predicting that by 2020, the US should become a net exporter of gas and perhaps even oil. This data came from the US Energy Information Agency which was then followed by last month’s announcement that China has now become the holder of the perhaps unwelcome status of world’s largest oil importer.
Myanmar is opening up. You would have to be living under a rock to not know this. Back in 1962, the country became a 1 party state after an army-led coupe d’etat took the reins of power and installed the Union Revolutionary Council as the single allowed political party.
Don’t you just love 007 movies? I do, especially with Sir Sean Connery in it. It’s not just his good looks and the voice, but I also love his rides.