21st May, 2013, 05:39
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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 18, 2013
SAUDI ARABIA. First Boeing 777-300ER delivered to Saudia with three-class cabin configuration; Airline has backlog of 21 Boeing airplanes.
Posted: May 18, 2013
INTERNATIONAL. Bahrain has maintained its position as a key insurance hub and continues to post growth in its insurance market despite a prolonged period of political turbulence.
Posted: May 17, 2013
EGYPT. The Egyptian government has taken tentative steps towards reducing the roughly US$20 billion subsidy system that supporters say provides vital aid to the one-in-four Egyptians in poverty, and critics say is unsustainable and enriches the corrupt.
Posted: May 17, 2013
UAE. Red Hat's Mark Little and Tom Llewellyn explain how Large-scale Elastic Architecture for Data-as-a-Service (LEADS) will enable enterprises to leverage all of the public data on the web against privately held data.
Posted: May 17, 2013
UAE. For those businesses yet to participate in the Middle East healthcare sector expansion, there is still time; investment in the field will be sustained, if only because of investment by the Saudi government.
Posted: May 17, 2013
UAE. It would replace a US$700 million 12-year term loan raised in 2005 to fund construction of Atlantis, according to two people with knowledge of the matter.
Posted: May 17, 2013
BAHRAIN. 85% support the motion that the benefits of social media are worth the consequences, compared to the initial vote of 65% before the arguments began.
Posted: May 17, 2013
INTERNATIONAL. Workers' safety in Bangladesh could be improved if western retailers use NGOs to report on conditions, says Warwick Business School's Professor Michael Mol.
Posted: May 17, 2013
LIBYA. Libya is continuing to face challenges during this period of transition, but there is a growing tangible confidence and a belief that Libya will find a way through these challenges.
Posted: May 17, 2013
UAE. Saudi Arabia's SABIC clinched the number one spot with net profits of US$6.6 billion and US$90.2 billion in total assets; Qatari companies top the banking, industrials, insurance, transport and retail sectors; The real estate sector is back on track.
Posted: May 17, 2013
INTERNATIONAL. Amid the saga to have Cyril Karabus freed, the World Medical Association issued a cautionary advisory notice to doctors thinking of working in the UAE.
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Posted: May 17, 2013
INTERNATIONAL. Gold prices failed to hold a rally above US$1,380 per ounce in London on Friday morning, trading 5% down for the week as world stock markets held steady.
Posted: May 17, 2013
UAE. CEO and Co-founder of biz-group received a "Gazelles Core Values" Award last week in honour of her outstanding work as a Gazelles strategy coach in the Middle East.
Posted: May 17, 2013
EGYPT. Hisham El-Khazindar, Co-Founder and Managing Director of Citadel Capital, took part in a panel on emerging market opportunities and trends at the IFC-EMPEA annual gathering in Washington D.C.
Posted: May 17, 2013
UAE. New alliance to explore potential development of US$1.5 billion in carbon capture, renewable energy, desalination and cleantech venture capital projects.
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RedditMIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: May 20, 2013
SAUDI ARABIA. In mid-April, an unusual exhibition was held in London, highlighting the role Muslims played in saving Jewish lives during the Holocaust. At the exhibition, people saw love and harmony between people of different faiths.
date:Posted: May 20, 2013
UAE. A lack of available information and market data has prevented businesses and government from effectively evaluating the potential for e-commerce growth and development in the region.
date:Posted: May 20, 2013
UAE. 20% of Sovereign Wealth Fund new assets allocated to private equity; Property and infrastructure are not the big SWF "alternative investment" story, according to 2013 Invesco Middle East Asset Management Study.
UAE. 20% of Sovereign Wealth Fund new assets allocated to private equity; Property and infrastructure are not the big SWF "alternative investment" story, according to 2013 Invesco Middle East Asset Management Study.
- Private equity focus shifts to Americas as Europe's austerity and Asia's uncertainty weaken their deal markets, finds Bain & Co
- Political uncertainties overshadow Bahrain's regional hub status, says A.M Best report
- Total assets of the Top 500 Companies in the Arab World stand at US$2.21 trillion, reveals Forbes study
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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