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DESERTEC Foundation Endorses DESERTEC Power for Kingdom of Saudi Arabia
DESERTEC Power was established to advance the energy supply in the Kingdom of Saudi Arabia. This follows the direction of the Kingdom to significantly increase the sustainable power generation from renewable energy sources with viable, feasible, efficient, and sustainable solutions
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THE UN and Water Management
The United Nations has launched the International Year of Water Cooperation, which seeks to provide a platform for countries to collaborate in the management of this precious resource in the interest of peace and development. “Water is central to the
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Developing Countries Face Higher Trade Costs
Although the international economy has integrated considerably in recent decades, a new database developed jointly by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the World Bank reveals that trade costs fall disproportionately on
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Rethinking Economic Growth in Arab Societies
After decades of skewed development policies, social injustice, and poorly managed economic liberalization, Arab countries must rethink their growth strategies, says a United Nations report released on February 5th, stressing the need for improved governance to achieve progress. The report,
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IFC Study: Obstacles to Growth and Job Creation
A new study by IFC, a member of the World Bank Group, finds that much-needed jobs in developing countries can be created at a faster rate if policy makers and development institutions make it a priority to remove the key obstacles to
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Unleashing the Economic Potential of the Maghreb – the Role of Foreign Investment
Excerpts of a speech given by Christine Lagarde, Managing Director, International Monetary Fund at a conference in Mauritania in January, 2013 We meet in the wake of the great Arab Awakening, that outbreak of social consciousness in which citizens from
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Phased Time Table for Liquidity Coverage Ratio
A Basel Gift for EMEA? The Basel Committee governing body endorsed the revised Liquidity Coverage Ratio (LCR) on 6th January 2013. The LCR is an essential component of the Basel III reforms, which are global regulatory standards on bank capital
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The Price of Pollution
How much does environmental activism affect a corporation’s bottom line? By Valerie Ross based on the research of Ion Bogdan Vasi And Brayden King When a big corporation is accused of running roughshod over the environment, it is big news.
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Global Investing: Italy or Singapore?
Many European countries have declining population growth and onerous business regulations. This creates a headwind against the region’s share prices. Many Asian countries have healthy population growth and are embracing free markets. This creates a tailwind behind the region’s stock
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Global Wage Report
Global wages remain far below pre-crisis levels, says a new United Nations report, which points to a continuing slowdown in developed countries alongside increases in emerging economies. The Global Wage Report 2012/13, released on December 7th by the International Labour
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