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Opinion: The duty to prepare for hard times

Opinion: The duty to prepare for hard times

There seems to be nothing to worry about, economically speaking, in the countries of the Gulf Cooperation Council (GCC), the world’s most important oil-exporting region. Oil prices are at all-time highs, with more than USD 100 per barrel. The six member states’ Gross...
Japan ruling bloc wins upper house election

Japan ruling bloc wins upper house election

Tokyo, AP—Japanese Prime Minister Shinzo Abe’s ruling coalition won a majority in the upper house of parliament in elections Sunday, media projected, giving it control of both chambers and a mandate to press ahead with difficult economic reforms. The win is an...
Why is the IMF in a Hurry with Egypt?

Why is the IMF in a Hurry with Egypt?

This could be one of the few occasions when the IMF actively seeks to pressure a member state into taking out an urgent loan. The idea is that the funds would serve as a timely bridge until the county’s condition stabilizes, at which point both sides can negotiate a...