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Posted: 09-08-2011
INTERNATIONAL. Classical political economists like Adam Smith or David Ricardo never used the term “economy” by itself. They always used the term “political economy.” For classical economists, it was impossible to understand politics without economics or economics without politics.
The two fields are certainly different but they are also intimately linked. The use of the term “economy” by itself did not begin until the late 19th century.
Smith understood that while an efficient market would emerge from individual choices, those choices were framed by the political system in whi
Posted: May 23, 2013
UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years.
Posted: May 23, 2013
INTERNATIONAL. The Guardian carried the words "You people will never be safe," on top of a picture of the suspect waving a bloodied hand and wielding a meat cleaver.
Posted: May 22, 2013
UAE. Dubai and Qatar deserve to be upgraded T. Rowe Price Group said, after the emirates failed to satisfy the index provider's requirements for four years.
Posted: May 22, 2013
iNTERNATIONAL. Control over Homs will enable al Assad to rapidly move forces from the north to the south to meet emerging rebel threats. It will also provide a key avenue of retreat to the Alawite coast in the event that he needs to flee Damascus.
Posted: May 22, 2013
INTERNATIONAL. A government that slaughters its people and maims a whole generation is not a government with whom to negotiate. It is nothing short of travesty that the Obama administration is still mired in the illusion that a political solution is possible.
Posted: May 22, 2013
INTERNATIONAL. The luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a possible sale, according to a source briefed on the matter.
Posted: May 22, 2013
UAE. MENA accounts for 6% of global smartphone shipments but less than 0.1% of mobile advertising; Regional companies are behind global trends allocating only 6%-7% of advertising on digital; Only 2%-3% of digital budget is allocated to mobile and tablet advertising.
Posted: May 22, 2013
UAE. But where do breakthrough ideas come from and what kind of environment nurtures them? Advertising agency TBWA\RAAD provided the answers on day one of the 8th Annual Human Asset Expansion Summit MENA.
Posted: May 22, 2013
IRAN. A heavyweight until eight years ago when Ahmadinejad beat him in the 2005 presidential election, Rafsanjani has lost much of his political stock in recent years.
Posted: May 22, 2013
INTERNATIONAL. Moscow reacted angrily as its neighbour Azerbaijan admitted that its vote at the Eurovision Song Contest appeared to have been falsified.
Posted: May 22, 2013
INTERNATIONAL. Syria said its troops destroyed an Israeli vehicle that crossed into its territory and warned that any attempt to violate its sovereignty would meet "immediate and firm retaliation".
Posted: May 22, 2013
INTERNATIONAL. Professor Jon Rushman has accused the US authorities of being "hysterical' after seizing the bank account of the world's biggest Bitcoin exchange and called for an "intelligent debate" about the future of virtual currency.
Posted: May 22, 2013
BAHRAIN. The emphasis of development will likely shift more towards the tradable sector. Sectors of particular promise include knowledge-based services and high value-added manufacturing, according to Dr. Jarmo Kotilaine, Chief Economist at the Bahrain EDB.
Posted: May 22, 2013
UAE. "We found 41% of participants indicated that CSR is reported directly to the CEO, which demonstrates the importance of CSR as an emerging business issue."
Posted: May 22, 2013
INTERNATIONAL. Paid media stunt to attack Saudi regulators; Financial backers of the report are unknown; "We see this effort as an attempt by one or more international creditors to distort the history of this dispute."
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RedditMIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: May 23, 2013
UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system?
date:Posted: May 23, 2013
UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years.
date:Posted: May 22, 2013
iNTERNATIONAL. Control over Homs will enable al Assad to rapidly move forces from the north to the south to meet emerging rebel threats. It will also provide a key avenue of retreat to the Alawite coast in the event that he needs to flee Damascus.
UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this."
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.
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