The just-published book “Concrete Economics,†by University of California-Berkeley professors Brad DeLong and Stephen S. Cohen, needs an expanded sequel — 900 pages long, with charts, data, theory and an exhaustive list of historical case studies. That book would become the Bible of the New Industrialist movement that is just beginning to grope its way out of the ashes ...
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G7 falters on global growth test
The Diplomat SPECIAL TO EMIRATES BUSINESS The Group of Seven’s (G7) failure to endorse coordinated action on global growth will do little to revive a faltering world economy. However, with progress on trade and tax the first such summit held in Asia for eight years may yet achieve more than the typical talkfest. On Friday, the G7 wrapped up ...
Read More »China needs market reforms now
As China’s “go global†policy picks up steam, foreign governments have become increasingly skeptical about the intentions of Chinese state owned enterprises (SOEs) and their effects on the host nation’s economy. From slapping anti-dumping duties and tariffs on main Chinese products, to strong-arming Beijing’s leadership to implement tougher regulatory standards, China’s “peaceful rise†is increasingly being challenged by the ...
Read More »Dubai stocks post best streak in 8 months as Gulf trading slows
BLOOMBERG Dubai stocks gained a fifth day amid declining trading across Gulf Arab equity markets, with some investors taking a long weekend and the start of Ramadan about a week away. The DFM General Index rose 0.3 percent, capping the longest winning streak since September. About 140 million shares were traded on the emirate’s main measure, less than half ...
Read More »Chicken feed hottest commodity of 2016 amid supply woes
Bloomberg This year’s best-performing commodity is chicken feed. And cow food. Soybean meal, made from crushed soybeans and used to feed poultry and livestock, has jumped 54 percent in 2016, the biggest gain among the 22 components of the Bloomberg Commodity Index. Prices are soaring after flooding reduced crops and limited supplies from Argentina, the world’s biggest exporter of ...
Read More »B’desh wheat cargo rejection spooks sellers
Bloomberg Some wheat traders are steering clear of Bangladesh’s tenders to import the grain after the nation rejected three cargoes earlier this year. The country’s Directorate General of Food received only two offers in a tender to buy 50,000 metric tons of wheat, Ilahi Dad Khan, director of procurement at the agency, said by phone from Dhaka. It had ...
Read More »Gold posts losses again as Yellen adds to rate-rise angst
Bloomberg Gold looks very different than it did at the beginning of May. Along with platinum, palladium and silver, it is heading for the biggest monthly loss since November as investors anticipate higher borrowing costs in the U.S. Bullion has pared this year’s rally after retreating more than 5 percent in May as the dollar rallied and investors raised ...
Read More »Much of municipal solid waste collected is food
Abu Dhabi / Emirates Business Initial findings from The Emirate of Abu Dhabi Waste Master Plan 2040’s Waste Characterisation Study indicate that a significant amount of Municipal Solid Waste is food. Estimations of food waste range from 35% to roughly 50% in some waste collection areas in the Emirate. The fieldwork for the Waste Characterisation Study was carried out ...
Read More »Real estate investors look to online aid for bespoke services
Ritika Sharma / Emirates Business More and more Middle East residents are looking for tailor-made real estate assistance to make the process of searching, purchasing and selling properties in the region easy. Catering to this demand, many online portals are creating one-stop destinations to offer investors and residents bespoke real estate services. Talking about the trend that is becoming ...
Read More »MBRF launches Arab Knowledge Index
Dubai / Emirates Business Mohammed Bin Rashid Al Maktoum Foundation (MBRF), a member of the Mohammed Bin Rashid Al Maktoum Global Initiatives, and the United Nations Development Programme (UNDP) organised Egyptian Knowledge and Innovation Society Conference in Cairo as part of a series of events in key international and regional cities to announce results of the Arab Knowledge Index. ...
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