by Asharq Al-Awsat | Dec 29, 2013 | Business
London, Asharq Al-Awsat—International ratings agencies Standard & Poor’s (S&P), Fitch Ratings and Moody’s have all awarded Jeddah-based Islamic Development Bank (IDB) their highest long-term and short-term credit rating scores, making the bank the most...
by Adel Al Toraifi | Dec 7, 2012 | Opinion
An old joke popular among economists says when you have two cows, the state takes one of them and gives it to someone else. This is the socialist system. In a communist system, the state takes both cows from you and gives you milk. Finally, in the capitalist system,...