The Dubai Smart City project is a brainchild of UAE Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammad bin Rashid Al Maktoum. It started as a dream, but is now taking a concrete shape given the resolve and dedication demonstrated by Sheikh Mohammed to make the project a success. A small port city four …

    U.K. banks are giving new meaning to the term “Brexit”: They’ve been pulling money out of the rest of the world at a pace not seen since the global financial crisis. The latest data from the Bank for International Settlements suggest that financial institutions have been beating a retreat just about everywhere. In 25 countries whose banks report …

  Last week, international capital markets enthusiastically granted redemption to Argentina, a serial defaulter on money it has borrowed from external creditors. The scale of this reaction is counter-intuitive and could provide the wrong incentive underpinnings for financial relationships that involve an important element of trust. Yet this kind of forgiveness has occurred regularly — for good and bad reasons …