A business cycle is the movement of total economic activity (GDP) around a long-run trend. When total economic activity grows faster than its long-term trend, it is called a boom, and the reverse is a recession.
The two men who on Monday received the 2016 Nobel prize in economics, Oliver Hart and Bengt Holmstrom, made key contributions to contract theory, including the “principal-agent” (PA) model.
The UAE implemented a decree on October 3 that helps workers receive their wages on time by specifying punishments for tardy employers. This is a welcome move for a country where more than 90 per cent of the labour force is foreign, although maybe not for the reasons that you would think.
Less than 1 per cent of the UAE’s GDP is allocated to research and development (R&D), compared with the world average of more than 2 per cent. Economists agree that innovation is critical to economic growth, so how can the GCC countries become more innovative?
In recent years, there has been a growing discussion about the security of sea lanes. This is in light of the fierce clashes with terrorist groups on land, which forced them to target shipping lanes which are the main routes for the movement of world trade.
In early 2016, Prince Mohammed bin Salman, the deputy crown prince of Saudi Arabia, declared that the Saudi government was considering an initial public offering (IPO) for a minority of Aramco’s shares.
Today the Gulf Cooperation Council States find themselves surrounded by a region plagued by a growing number of threats. The GCC states are embroiled in a difficult conflict in Yemen, Iraq is on the constant verge of collapse, Syria has collapsed and Jordan and Lebanon face immense pressures…
إصدار موجز شهري يتناول المؤشرات الاقتصادية البحرينية الرئيسية، فضلاً عن أهم أخبار البحرين التجارية والمالية والاقتصادية
A concise monthly publication that covers the headline Bahraini economic indicators, and the most important Bahraini business, financial, and economics news.