Moody's upgrades Saudi Arabia's credit rating to Aa3 with stable outlook    Riyadh Metro to begin partial operations next Wednesday: Report    Al Okhdood halts Al Shabab's winning streak with a 1-1 draw in Saudi Pro League    Mahrez leads Al Ahli to victory over Al Fayha in Saudi Pro League    Al Qadsiah hands Al Nassr their first defeat in the Saudi Pro League    Saudi musical marvels takes center stage in Tokyo's iconic opera hall    Downing Street indicates Netanyahu faces arrest if he enters UK    London's Gatwick airport reopens terminal after bomb scare evacuation    Civil Defense warns of thunderstorms across Saudi Arabia until Tuesday    Saudi Arabia, Japan strengthen cultural collaboration with new MoU    Slovak president meets Saudi delegation to bolster trade and investment ties    Saudi defense minister meets with Swedish state secretary    Navigating healthcare's future: Solutions for a sustainable system    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Sixth foreign tourist dies of suspected methanol poisoning in Laos    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Trump picks Pam Bondi as attorney general after Matt Gaetz withdraws    Al-Jasser: Saudi Arabia to expand rail network to over 8,000 km    Sitting too much linked to heart disease –– even if you work out    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    

Articles of the author Michel Morkos
Economic analysis – Hunger, Climate and Resources
The United Nations held a special summit last week, to evaluate the commitment of UN members regarding the Millennium Goals aimed at reducing poverty in the world, and reducing the number of the poor by half by the year 2015. But senior UN (...)

27 - 09 - 2010
Economic analysis – Old Age and its Economic Implications
According to estimates by demographers, the number of those who exceed sixty years of age in 2050 will overtake the number of individuals belonging to age groups that are below twenty, worldwide. This hypothesis is plausible if considered at the (...)

20 - 09 - 2010
Economic analysis – Importing Solar Energy and Exporting Uranium
What is remarkable in the figures and statistics on global trade, and the breakdown of the goods traded present in the reports of the OECD, is that the most important imports of major industrialized countries are oil and hydrocarbons, while their (...)

06 - 09 - 2010
Economic analysis - Electricity and Climate Change
It is natural for some areas of the planet to be affected by regional climate trends, and become distinguished as a result from other regions, in terms of natural characteristics, resources and biodiversity, and subsequently, in terms of the (...)

30 - 08 - 2010
Economic analysis – The Strategy of the Seas and the Wealth in Their Depths
Oceans and seas have a great strategic importance, whether because they are important waterways between continents and countries, or because they control trade routes and economic pathways, and also as they hold in their depths oil and gas pipelines (...)

23 - 08 - 2010
Economic analysis – The Economy of Natural Disasters
The natural disasters afflicting several regions of the planet cannot be only listed among the direct effects of climate change, but can also be considered to be the continuation of the economic disasters that have marked the beginning of the third (...)

16 - 08 - 2010
Economic Analysis – The Expenditure of the Middle Class Establishes Growth
The middle class is expected to spend around 60 trillion dollars in 2030, thus constituting an economic and social security valve – as expenditure represents the foundation of economic growth. Hence, in their economic strategy aiming at restoring (...)

09 - 08 - 2010
Economic analysis – Corporate Profits Do Not Alleviate Unemployment Levels
The first half of the year ended with contradictory economic indicators worldwide. Generally speaking, these indicators provide a positive outlook of the growth of the private sector. On the other hand, they portray national economies as being in a (...)

02 - 08 - 2010
Economic analysis – the effectiveness of bank stress tests
Al-Hayat Monday, July 26, 2010 The bank stress tests conducted by certain countries to verify the reliability of their banking systems and their ability to cope with potential financial crisis, are similar to health checks conducted by (...)

26 - 07 - 2010
Economic analysis - Economic recovery ... and disappointments
All international efforts have failed to achieve the levels of economic recovery desired by the stimulus programs and the financial ‘first aid' packages. The latter's results did not engender any confidence, despite the optimism regarding the (...)

19 - 07 - 2010
Economic Perspective - Europe Sanctions U.S Economic Espionage
The United States is no longer interested in ordinary espionage – the espionage of the Cold War and the era prior to the fall of the Berlin Wall. It was thus that the U.S quickly put an end to the Russian Spies issue. A deal was struck, and the U.S (...)

12 - 07 - 2010
Economic analysis - Economic Paradoxes
Small countries often fail to achieve their aspirations and dreams, in particular when the costs of the latter exceed its financial means, to execute mega projects. But it is not possible to always invoke incapacity and lack of means. Instead, the (...)

05 - 07 - 2010
Economic analysis – The World Economic Government
It is not farfetched that the Group of Twenty (G20) might turn into a ‘World Economic Government', with an increase in the number of member states, or with amendments to its purviews. Since 2009, the G20 has become an economic forum that tackles (...)

28 - 06 - 2010
Economic analysis The Chinese Currency Withstands International Pressure
The Chinese Central Bank announced that it will adopt a policy that liberates the exchange rate of the Yuan from that of the dollar, in compliance with the demands by China's partners in the Group of Twenty (G20), and also with the United States' (...)

21 - 06 - 2010
Economic analysis – Turkey's Economic Comeback
The Arab countries unlocked the door wide open to Turkey, quickly benefiting from Israel's barbaric assault on the peace activists, including Turks shipping aid by sea to the Gaza Strip, killing a number of them. Thus, the state of Kamal Ataturk (...)

14 - 06 - 2010
Economic Analysis – The Environment and the Assumptions of Wars and Disasters
As a result of the developments of the global economic crisis and its repercussions, the implications of environmental disputes were put on the back burner following the ‘half failure' of the Copenhagen Climate Summit in late 2009. In truth, the (...)

07 - 06 - 2010
Economic analysis – The European Crisis...A Repercussion of the American Crisis
The scene of the crisis beleaguering the European economy is a belated repercussion of the financial crisis that marched into Europe from the West Bank of the Atlantic. The European economic drama thus appears as though it were an American vendetta (...)

31 - 05 - 2010
Economic analysis – A Weaker Euro Is Better for Europe
The European media quoted the President of the European Central Bank Jean-Claude Trichet, in response to those asking whether the euro will survive, by saying: stop listening to the Americans, adding: before the euro was adopted, they used to accuse (...)

24 - 05 - 2010
Economic analysis - Spain: The Fast Growth and the Faster Collapse
Before the new British government could assume power in the United Kingdom and inherit the burdens of the global economic crisis, the implications of the European bailout package, deemed the euro crisis shield, were engulfing the euro zone member (...)

17 - 05 - 2010
Economic analysis – the Abuses of Economic Democracy
Democracy is sometimes harsh on those who defend it, as ballots or opinion polls often produce judgment against those who work to avoid the devastating crises. What is more important than democracy in the entire world is not the results of those (...)

10 - 05 - 2010
Economic analysis – The Currencies' Conflicts...and Crises
During the Greek financial crisis, the European currency was subjected to massive repercussions that dipped it to its last year's level of 1.31 dollars, from its peak value that almost reached 1.5 dollars. However, it is clear from experience that (...)

03 - 05 - 2010
Economic analysis – Iceland, a Gateway to Clean Energy
The number of natural disasters during the first trimester of the year has been staggering, given the remarkable number of violent earthquakes, volcanic eruptions and tectonic plate shifts, which rocked the four corners of the planet as though it is (...)

26 - 04 - 2010
Economic analysis - Water Resources for the Powerful?
Egypt heralded a new phase of dispute over water between upstream and downstream countries, as well as transit countries. This dispute may well leave its mark on the entire twenty-first century, unless UN member states agree to binding international (...)

19 - 04 - 2010
Economic analysis – International Companies: Becoming Giant or Breaking Up
A week ago, the Chairman of the Federal Reserve (the Central Bank) Ben Bernanke pointed out that the council's ability to address crises in the future partially depends on developing solutions that allow the regulatory bodies to break up failing big (...)

12 - 04 - 2010
Economic analysis – Controlling the ‘Unrestrained' Speculative Funds
Both the United States and the European Union, following the decisions that were taken in the G20 summit meetings, are seeking to establish new regulations that speculative funds (hedge and investment funds) would be subject to, and which would (...)

29 - 03 - 2010
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