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RAK lifestyle lures AED1bn investment

  Ras Al Khaimah / Emirates Business Its multicultural community is a hallmark of the popular Al Hamra Village neighbourhood in Ras Al Khaimah, as leading market developer Al Hamra Real Estate Development reveals in its latest investor nationality statistics for its flagship community. According to Barry Ebrahimy, Head of Commercial for the company, the established community welcomed investors from ...

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Measuring economic progress and prosperity

  Where are living standards the highest? You might think that’s an easy question to answer. Just take a country’s total income (in the United States, that’s now about $18 trillion) and divide by the nation’s population (U.S.: now about 320 million). The result is per capita income (now about $56,000 for every man, woman and child in America). Compare ...

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China’s new debt-for-equity swap won’t work

  With its debts surging and growth sluggish, China has hit on a new strategy to revitalize its ailing economy. It’s the same as the old strategy. Only this time, it won’t work. Earlier this month, China’s State Council released guidelines for a new swap program, in which companies can exchange troubled debt with banks in return for equity. The ...

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