Insights into developing financial trends, economic restructuring, public-private partnerships and fist-fights, old Clubs and new Clubs, with a Glocal focus.
This blog is curated by the Good Governance Program and the Private Public Partnerships Advisory Group at MEPF. Content, comments and insights on this blog do not reflect or represent the official position of MEPF and should not be considered under any circumstances as political and policy advice. All publication and idea rights belong to their respective owners. Republish, comment and distribute at your own discretion.
Seen from the indebted rich world, Saudi Arabia’s problems look enviable. The kingdom has an enervating addiction to oil — but this has left it with minimal public debts and almost $700bn of foreign reserves to ease the shift to a new economic model.
Shams Ahsan JEDDAH — Expatriates have overwhelmingly welcomed the announcement by Deputy Crown Prince Muhammad Bin Salman, second deputy premier and minister of defense, that Saudi Arabia was planning to give permanent residency to foreign workers similar to the US Green Card system. “The Green Card-like program and a plan to allow employers to
Just nine months ago, SunEdison Inc. was Wall Street’s favorite clean-energy company. It sopped up every dollar it could come by to finance a breathtaking buying binge of wind and solar farms, and in the process became the world’s largest renewable-energy company.
Iron ore soared the most ever after Chinese policy makers signaled their willingness to buttress economic growth, boosting the outlook for steel consumption in the top user and igniting speculation that some investors who’d bet against the market had been caught out.
A printer error first tipped off Bangladesh’s central bank to one of the biggest cyber heists in recent history, according to a complaint filed to police that provided new details on the attempted theft of nearly $1 billion.
The European Central Bank cut all its interest rates and expanded its monthly bond purchases by a third as President Mario Draghi strives to fend off the threat of euro-area deflation. The euro sank and stocks rose.
A.P. Moeller-Maersk A/S reported an 84 percent plunge in 2015 profit after its oil unit was hit by lower energy prices and its container division got squeezed between sluggish trade growth and overcapacity. The shares fell the most in almost a year.
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