Women investments in Kingdom exceed SR60 billion
RIYADH: SHARIF M. TAHA Published — Saturday 15 February 2014 Saudi businesswomen retain SR100 billion in savings, or 75 percent of total bank savings Kingdomwide, a Saudi woman speaker […]
Makkah transport system gathers steam
Makkah transport system gathers steam MAKKAH: Irfan Mohammed The prestigious Makkah Integrated Transport System is gaining momentum in the holy city as authorities gear up to initiate the SR25.5 billion project by processing tenders which are expected to be finalized soon. This is the third project […]
NICK HAYEK : Swatch head ticked off about NSA spy scandal
swissinfo.ch and agencies February 7, 2014 – 09:07 Hayek’s comments came in response to a letter from New York State Comptroller Thomas DiNapoli, who administers the state’s $161 billion (CHF145 […]
Sowing Fear: World War I and the Seeds of Hyperinflation
By Alexander Jung DPA Inflation in action: This photo shows a German mark note from 1923 with a printed value of 20 million. During hyperinflation, it was stamped to become 2 billion marks. The current debt crisis in Europe evokes painful memories of the German hyperinflation. Price increases began with […]
Residency scheme roundup: the world’s your oyster
There has been a boom in the number of tempting international residency schemes being offered in return for property investment. Here are some of the best … By Laura Henderson 10:37AM GMT 04 Feb 2014 Ten years ago, if you were looking to invest in a bolt-hole in a country […]
Puerto Rico’s credit rating cut to junk by S&P
Source: CNN Money Standard & Poor’s announced Tuesday that it had cut Puerto Rico’s credit rating to junk, as the island’s government struggles to get its finances in order. Puerto […]
Replace dollar with super currency: economist
The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system. “The dominance of the greenback is the root cause of global financial and economic crises,” Justin Yifu Lin told Bruegel, a Brussels-based policy-research […]
Umrah pilgrims bring cheers to merchants
The shopping boom has begun in Jeddah, the gateway to the Two Holy Mosques, with the arrival of thousands of Umrah pilgrims in the city. Thanks to the electronic system […]
Morocco benefits from being stable in a combustible region
January 30, 2014 12:22 AM By Assia Bensalah Alaoui The Daily Star Story Summary Morocco is an ideal setting for regional diplomacy. Its strategy of gradual reform, economic modernization, and social development has made the country an oasis of stability in a region rife with violence and strategic rivalries – […]
Davos: UK’s Cameron urges ‘reshoring’ of jobs
British Prime Minister David Cameron at Davos on Friday urged the rest of Europe to seize an opportunity to win back millions of jobs through the “reshoring” of production from […]
WEF WOES: Business chiefs fear ticking jobless time bomb
by Matthew Allen in Davos, swissinfo.ch January 23, 2014 – 20:16 The nascent global economic recovery is failing to trickle down to the man or woman on the street in the shape of new jobs or improved incomes, the World Economic Forum’s (WEF) Davos meeting has heard. Another five million […]
Riyadh metro to be 73 km underground
RIYADH: ABDULLAH AL-ANSARI ARABNEWS More than 73.4 km of the metro in the capital would be underground. One of the world’s largest metro projects, this automatic driverless network will be […]
3 MYTHS THAT BLOCK PROGRESS FOR THE POOR – by Bill Gates
Source: Bill and Melinda Gates Foundation By almost any measure, the world is better than it has ever been. People are living longer, healthier lives. Many nations that were aid […]
Pope’s message to Davos: Embrace equality
http://i.cdn.turner.com/money/.element/script/6.0/players/embed.js?videoid=video/news/2014/01/21/n-davos-cardinal-peter-turkson.cnnmoney Additional Reading What if the top one percent in USA were true Muslims?
There Are 85 People Who Are As Wealthy As Half The WORLD, Oxfam Reports
Worldwide economic inequality is looking rather bleak these days, according to a new report by relief organization Oxfam. Oxfam’s “Working For The Few” report looked at Credit Suisse’s “Global Wealth Report 2013” and Forbes’ list of the world’s billionaires from 2013 to conclude that 1 percent of the global population […]
Syria builds dollar reserves, thanks partly to Assad’s foes
STORY SUMMARY January 17, 2014 12:22 AM By Suleiman al-Khalidi (The Daily Star :: Lebanon News :: http://www.dailystar.com.lb) Syria’s central bank has bought hundreds of millions of dollars from the […]
Gulf between rich and poor ‘is biggest global risk’
WEF: Economic, societal and environmental risks dominate list of global risks LONDON: The growing gulf between the rich and the poor represents the biggest global risk this year, the World Economic Forum has declared ahead of this month’s Davos summit. The institution issued the gloomy warning in its annual Global […]
World Bank seeks more Arab aid for fighting global poverty
RIYADH: ABDUL HANNAN TAGO | ARAB NEWS STAFF A top World Bank official has shared her sentiments with Arab Aid organizations as partners in fighting poverty in their respective countries. […]