World Bulletin / News Desk
A Chinese firm announced that is it preparing to spend up to $150 billion on a huge high-speed rail project which will link China's autonomous province of East Turkestan (Xinjiang) to Turkey across Central Asia.
CSR chairman Zhao Shiaoyang said that the 6,000 kilometer-long train line will cut across Kyrgyzstan, Tajikistan, Uzbekistan, Turkmenistan and Iran all the way to Turkey, the China Daily newspaper reported.
Saying that most of the line will be open to service by 2020, the CSR chief said it would be complete by 2030, calling the project the 'New Silk Road'.
The line will enable commuters to travel up to 200 kilometers an hour across the Asian continent, while freight trains will have a speed to 160 kilometers an hour.
While experts noted that finansors in Pekin would be very generous in supporting the project, they also noted that geo-political compromise would need to be achieved between central Asian states in order for the project to become a reality.
Currently China exports around $4 trillion of goods annually, half of which is imported by Europe, the Middle-East and central Asia. However, the trade is largely dependent on sea routes.
However, China has been involved in a dispute with neighboring countries Japan, Philippines and Vietnam over territorial waters in the Pacific, as increased co-operation between the far-eastern US allies threatens China's sea borders.
This has consquently added importance to the central Asian rail project, which is likely to join with Turkey's own national high-speed train project which will reduce traveling time between the capital Ankara and biggest city Istanbul to just 3.5 hours.
The Ankara-Istanbul line is due to open on July 11 after two delays and technical problems during testing.
Middle Eastern countries will continue to be world's main oil supplier, says IEA chief economist
Essam Sultan, deputy leader for Wasat party jailed for one year for verbal and physical assault of policeman.
Schools shut as protesting teachers demand the government pass an education bill.
Syria approves delivery in hard to reach areas of Aleppo
Oil prices increased on Monday after India and China revealed high oil demand for November.
They will discuss a possible military action against Congo-based Rwandan rebels
Iranian parliament speaker has hailed a planned national dialogue in Lebanon between rivals Hezbollah and Sunni-led Future Movement
Veteran politician Beji Caid Essebsi has won Tunisia's first free presidential election, official results showed, but rioting broke out in one southern city, with police firing teargas to disperse hundreds of youths who burned tyres and blocked streets to demonstrate against the victory of an official from Ben Ali's old guard.
Officials from Sweden’s center-left and center-right parties secretly gather to solve failed agreements on the country’s 2015 budget, local media reports.
Pakistan plans to execute around 500 militants in coming weeks, officials said on Monday, after the government lifted a moratorium on the death penalty following a Taliban school massacre.
Brotherhood source says that the group's meetings and conferences were now being held outside Qatar, which is why he believes his residency in Doha won't be affected by the country's recent rapprochement with Egypt.
Ling is vice chairman of the Chinese People's Political Consultative Conference National Committee and head of the United Front Work Department of the CPC Central Committee.
Francis said some in the Curia acted as if they were "immortal, immune or even indispensable", an apparent reference to retired cardinals who remain in the Vatican
Fadhal al-Hassi, a senior officer in Haftar's forces, said that pro-government forces moved into the Lithi district, where the groups including Ansar al-Sharia are still mostly in control
Local residents have protested against the Letpadaung mine in Monywa, about 100 km (60 miles) west of Mandalay, saying thousands of acres of land have been confiscated to enable the project to proceed.