Middle-east Arab News Opinion | Asharq Al-awsat

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A Nobel for Humility in Economics

by Noah Smith | Oct 11, 2017 | Opinion

As you are by now all probably aware, Richard Thaler won this year’s Nobel Memorial Prize in Economic Sciences. All question of whether this is a “real” Nobel can now be laid to rest, since the announcement was made via the Nobel Prize’s official verified Twitter...

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Tourists in Istanbul. Reuters photo

Turkey Expects $1.6 Billion Surplus in Medium-term Plan

by Saeed Abdelrazek | Oct 7, 2017 | Business

Ankara- The Turkish government expects its primary surplus at 5.8 billion lira ($1.62 billion) in 2018, as part of its latest medium-term plan. The government also announced in its Official Gazette that it targeted primary surplus of 11.8 billion lira in 2019 and 25.5...

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Jobseekers stand in line to talk with a recruiter at a booth at a job fair in Riyadh in this January 29, 2012 file photo. REUTERS/Fahad Shadeed/Files

National Investment Fund of $92 Billion to Invigorate Saudi Economy

by Asma Al-Ghabiri | Oct 5, 2017 | Business

Jeddah — The establishment of the National Development Fund (NFD) was meant to ensure new incentives for the Saudi economy with a capital of SAR 345 billion ($ 92 billion) pumped into the new fund. The fund encompasses five other minor associate funds: the real estate...

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Saudi Arabia’s central bank governor Ahmed Al-Kholifey gestures during a news conference in Riyadh on Wednesday, Photo taken by : Saad al-Anzi, Asharq Al-Awsat

Saudi Arabia Studies Issuing Three Banking Licenses, Establishing a Digital Currency

by Nayef Al-Rasheed | Oct 5, 2017 | Business

Riyadh – The Saudi Arabian Monetary Agency (SAMA) expected positive growth rates for the Saudi economy over the upcoming period, confirming that the national economy achieved a 1.7% growth so far, compared to last year’s 3.5%. SAMA’s report highlighted the...

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ABL President Joseph Torbey, Asharq Al-Awsat

Lebanon’s Association of Banks President: Political Settlement in Syria Promotes Economic Prosperity

by Thaer Abbas | Sep 25, 2017 | Interviews

Beirut- Association of Banks in Lebanon President Joseph Torbey said the group’s delegation, which visited Washington recently, heard positive remarks acknowledging ABL’s full commitment to the banking sector’s strict regulations. Torbey confirmed that the delegation...