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The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas
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Hart (left) and Holmström: Two parties to a contract. (Reuters/Mary Schwalm/AP/Jussi Nukari)
Nobel Prize in Economics Goes to Oliver Hart, Bengt Holmstrom
Cairo- Oliver Hart and Bengt Holmstrom have answered during their decades’ journey questions related to economies that lack efficiency. The two scientists were granted on Monday the Nobel Prize in Economics as recognition to their efforts in setting the theoretical...Would GCC Banks Fix Damages Caused by Oil Prices’ Drop?
The GCC countries have ran important structural reforms aiming to diversify economic activities and providing job opportunities in the private sector. In this context, the banking sector will be one of the main concerned parties by sponsoring small businesses and...Caption:
Fahad ShadeedSaudi traders monitor stocks at the Saudi Investment Bank in Riyadh August 7, 2011, Reuters
Saudi Consumer Confidence Stabilizes in 2016’s Second Quarter
Cairo- Despite plunging oil rates, a main source for the Kingdom’s revenue, Saudi consumers displayed considerable and consistent confidence in their economy which was further proved stable in the second quarter of 2016. Also, consumers across the United Arab Emirates...Caption:
Egyptian Tourism Minister Yehia Rashed speaks during an interview with Reuters at his office in Cairo, Egypt, April 7, 2016. REUTERS/Mohamed Abd El Ghany