By recognizing and investing in the strengths of pioneering cities and regions, China has developed a powerful mechanism for organizing and advancing its economic transformation. Judging by the tremendous success of Shenzhen and Shanghai, it seems clear that China will continue to reap the rewards of this approach for decades
In June 2019, Facebook made a daring announcement: within a year, it would launch a new global currency, the Libra. The idea was to offer an alternative to national currencies in cross-border transactions, and to provide a payment network for billions of unbanked people. A strictly digital token, the Libra
By Union of Arab Banks Research Department Introduction The Covid-19 outbreak caused an economic hardship for many industries and businesses across the globe. In just a few months, the COVID-19 crisis has brought about years of change in the way companies in all sectors conduct business. Technology sector wasn’t an
Economists study the world through the lens of incentives, and have developed a rich understanding of how market participants make decisions. But although incentives are important, developing countries must do more than institute the right ones. You don’t have to be a neuroscientist to understand that your brain determines what
BY DR SOHA MAAD Introduction Capital control is the set of measures taken by a government, central bank, or other regulatory body to limit the flow of foreign capital in and out of the domestic economy. In this article, we consider various case studies of capital control from around the
BY DR SOHA MAAD Introduction Covid-19 is the illness caused by the corona virus. This illness caused the death of millions around the world. According to World Health Organisation WHO Coronavirus (COVID-19) Dashboard, as of April 2021, there have been globally 133,552,774 confirmed cases of COVID-19, including 2,894,295 deaths. As
The World Union of Arab Bankers (WUAB) organized on the 15th of April, 2021 the “First Banking Executive Online Conference 2021” via visual communication technology. The Conference which serves as a platform of communication among active people in the field, was attended by more than 120 participants from Arab Banks,
Overview: The 2021 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) which took place virtually from Monday, April 5, through Sunday, April 11, 2021 brought together central bankers, ministers, parliamentarians, and other public sector representatives and officials along with private sector executives, and academics
While the US, China, and other leading economies are on their way to a robust recovery, many others are struggling to return to pre-pandemic GDP levels. In most regions, including Europe and Latin America, the 2020 recession will most likely leave long-lasting scars on both GDP and employment. The chances
By: Dr. Mohamad Hussein Mansour, Consultant at the World Bank Group, Lecturer at AUB and LAU In early 2017, cryptocurrency became a global ubiquitous topic when Bitcoin value to US dollar increased in over 200 percent from 2014, and by around 4,000 percent by late 2017. This rapid increase is