competition refresher magazine
competition refresher magazine Published this article page no 44 Gulf of Oman Iran has opened its first oil terminal in the Gulf of Oman to allow Iranian tankers to avoid using the strategically vulnerable Strait of Hormuz. 27. Kuwait (Capital Kuwait city) A United Nations panel paid out USD 600 million to Kuwaits national oil company as compensation for Iraqs invasion and occupation of Kuwait that resulted in the USled Gulf War (199091).Kuwait is a founding member of the Gulf Coperation Council(GCC) and a major nonNATO ally to the United States. o GCC is a regional intergovernmental political and economic union of six countries in the Arabian Peninsula Bahrain Kuwait Oman Qatar Saudi Arabia and the United Arab Emirates. o IT was established in 1981 to discuss cooperation and regional affairs. Kuwait currently has the largest US military presence in the Middle East. 8. NagornoKarabakh Region Recently the decades old conflict between Armenia and Azerbaijan over NagornoKarabakh region has resurfaced. NagornoKarabakh (also known as Artsakh) is internationally recognised as part of Azerbaijan but most of the region is controlled by Armenian separatists. o NagornoKarabakh is a breakaway region in South CaucasusTranscaucasia (strategically important mountainous region in southeast Europe). INDIAUS IndiaUS renew Global Development Partnership Deal for 5 Years. Global development partnership agreement Global development partnership agreement provides for jointly offering assistance to their partner countries. o Both sides signed amendment to the Statement of Guiding Principles (SGP) on Triangular Cooperation for Global Development extending the pacts validity up to 2026. o Feed The Future India Triangular Training Program (FTF ITT) for Africa is an example of a project under this. o The SGP agreement was initially signed in 2014 and renewed in 2019 till 2021. Triangular cooperation o Triangular cooperation involves three actors (see infographic) two from the South (Facilitating and Beneficiary partner) and one from the North (pivotal partner). The latter can also be an international multilateral organization. o The division of North and South is used to refer to the social economic and political differences that exist between developed countries (North) and developing countries (South) competition refresher magazine buy.

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