Special Report on
Talking GCC finance
Talking GCC finance - Trends
Latest Trending Story:
The latest meeting of the Gulf Cooperation Council (GCC) held in December yielded some tangible progress on economic integration. The six-member GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) approved a monetary union agreement to create a single central bank and currency. While the approval is certainly a step in the right direction, we still have doubts about the members’ ability to overcome several hurdles and meet the deadline. On paper, the GCC nations meet the requirements for the union. They comply with four out of five criteria (based on the Maastricht principles used in the EU), i.e. ...
Philippines’ economy highly depends on remittances, or money sent back home from Filipinos abroad to the Philippines. Last year, Filipino expatriates sent back $17.3 billion, or 11% of Philippines’ GDP. Remittance from abroad has been growing even in 2008-2009 during the global financial crisis and declined only during the Asian financial crisis in 1997-1998. During 2009, 1.5 million more Filipinos worked abroad, 50,000 came to Kuwait, 100,000 to Hong Kong, and the rest went to mainly the Middle East and Asian countries. The graph above shows the amount of money sent by ... Read More
SURVEY RESULTS FOR
TALKING GCC FINANCE
Davos Annual Meeting 2010 - What Is the "New Normal" for Global Growth ...
Davos Annual Meeting 2010 - Rebuilding Critical Infrastructure