‘In the long run, we are all dead’

  • The US economy had always been the holder of the lantern of capitalism, arguing for free markets and free trade, where deregulation and innovation are the main engines driving growth....
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A look at food security

  • Hardly three months passed since the third Afro-Arab summit concluded in Kuwait and some troubling signals have started to show up.The convening of the summit on time consolidated the impression that it will be an established practice for Arabs and Africans to meet regularly and build block by...
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Saudi and Belgian businessmen to reap fruits of trade

  • Princess Astrid of Belgium, representing the King of Belgium, is planning to visit the Kingdom of Saudi Arabia as the head of an official and commercial delegation composed of 350 members representing a number of government entities and 170 companies, from March 15 to 19....
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Renewed call on OPEC

  • Once again the world looks around and calls on OPEC to be ready and pump more oil to compensate for possible supply shortage and ease the tight market, thus confirming its position as supplier of last resort able to meet a1.4 percent increase in demand this year to average a record 92.8 million...
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Looking into two Saudi IMF reports

  • The message one gets from reading the latest report released by the International Monetary Fund (IMF) on the Saudi economy according to the article four of consultation with member countries is that it continues to be ‘strong’ and that it has replaced its previous two worries with new ones.In...
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Ripple Effect: Innovation key driver of economy

  • Innovation is widely recognized as one of the key drivers of sustained economic development. All advanced economies are characterized by elaborate, active innovation ecosystems.Realizing the importance of innovation, Saudi Arabia has all along been taking appropriate measures. A case in point is...
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Iraq and the oil market: How much will prices rise?

  • It stands to reason that one of the effects of the turmoil in Iraq will be a change in oil prices. Indeed, the violence in OPEC’s second-largest producer has already sent oil prices to 10-month highs. A recent report from the International Energy Agency (IEA) put it well: “While Iraq’s production...
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Scottish vote’s ripple effect

  • Come Thursday morning, 4.1 million Scots, including 124, 000 new electorate teenagers, are expected to decide the future not only of Scotland as an independent state or to stay within the Union Jack, but will also determine the future of England itself and its position in the world.Reflecting...
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Tough days ahead

  • The Gulf region has emerged as the only place with relative economic stability and potential for growth in the latest International Monetary Fund (IMF) World Economic Outlook, released earlier this month. But challenges remain.In fact the latest forecast is by 0.4 percent lower than the previous...
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Geopolitics sends oil prices to new highs

  • Oil’s runaway streak shows no signs of slowing, on the back of renewed US sanctions on Iran, and the impact of lower oil inventories. Brent crude futures continued climbing on Monday, rising as high as $78.20, with WTI passing the $71 a barrel mark for the first time since November 2014. Monda...
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