Senegal, one of Africa’s success stories, looks forward to issuing bonds to fund infrastructure development and accelerate growth that’s being driven by surging peanut and rice production. Yet, the global economic slowdown reverberates worldwide and Senegal could be no exception. Economies try to create new money through issuing the government bonds to sustain on-going development process through what is ...

  Franz-Stefan Gady SPECIAL TO EMIRATES BUSINESS The Chinese military has inducted a new intermediate-range ballistic missile (IRBM) capable of hitting U.S. military installations on Guam, the largest and southernmost of the Mariana Islands, a new report by the U.S.-China Economic and Security Review Commission reveals. The Dongfeng-26C (DF-26C), a conventionally armed IRBM, has in all likelihood been deployed as ...

  Mac Margolis Brazilians aren’t easily impressed these days. A brutal economic recession and 26 straight months of the worst political corruption scandal in memory have seen to that. But on May 9, an unusual news item caught the public eye. That day, one of Brazil’s biggest companies published an open letter to the nation. In the 770-word “Apology and ...