The state is well-positioned to diversify its economy away from hydrocarbons and alter its tax system to ensure a fairer contribution from the population, but a change of culture may be needed first.
Iranian state television reported that “thieves cut into the vault of a branch of Bank Melli (Persian for National Bank) from a neighboring building in Tehran.” As a result, hundreds of Iranians lost…
As trade officials gather on the calm shores of Lake Geneva for the World Trade Organization’s long-delayed 12th ministerial conference, a perfect storm is brewing in the multilateral trading system…
Recently, many editorials of leading American newspapers criticized President Joe Biden for his repeated claims that the Russian invasion of Ukraine was the main cause for the staggering inflation…
The Egyptian government has signaled its intention to press ahead with seismic plans to sell off huge stakes in key national enterprises, including those run by the country’s powerful military, in…
Turkey's lira dipped 0.4% against the dollar on Tuesday as concerns over rampant inflation were stoked by President Tayyip Erdogan's pledge to continue cutting interest rates.
In a Monday evening…
The role of African governments in the economic development of their countries is crucial, which is why they tend to be centered by foreign governments in strategies focused on economic issues. This…
In modern times market agents such as consumers and firms only respond to incentives. Clearly articulated by Karl Polyani, we live in a time whereby social institutions are embedded in the market. As…
"I've rushed things. I should not have started the franchising system until I made sure I had a solid business model and the right people to take care of the franchise. I thought the franchisees…
Hundreds of Bahraini government officials and business leaders attended the Israeli Embassy’s Yom Haatzmaut event recently to celebrate the close relationship that has developed between the countries…
The Egyptian state has been pushed to take unprecedented measures to weather the storm hitting the domestic economy as a result of the global standoff around the Russia-Ukraine war, especially since…
Israel's commandeering of aid distribution in Gaza forces starving Palestinians to run the gauntlet at centres with biometric monitoring systems, armed security, and life-or-death hazards