Publications
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 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…
A semi-annual specialized journal issued by the Bahrain Center for Strategic, International and Energy Studies in the Kingdom of Bahrain. The journal aims to public studies and reports on political, international, economic, security, energy, and cyberspace issues that relate to strategic issues…
Turkey has exceeded the apprehension phase of the failed coup which occurred on the evening of the 15th of June. The elected government was able to act wisely and to regain control in a matter of hours.