Egypt faces competition from Philippines for Khaleeji roz. Reports Bloomberg: “The Philippines is training its sight on bns of USD of investment from the Middle East. The Philippine Economic Zone Authority, which oversees hundreds of industrial parks offering tax perks, is identifying sites that can stock Qatar’s oil reserves and land that can be planted with crops for export to the United Arab Emirates.” When not encouraging the extrajudicial execution of drug suspects (widely chronicled and very graphically documented by Getty Images), the government of Rodrigo Duterte is planning a full-court press to win global investment, with roadshows in the UAE and Qatar done and trips to Russia and Iran in the works. The country is also preparing “swathes of land for manufacturing, tourism, farming and mining.”