Author Archives: Riad Al-Khouri

Inter Arab Trade

Arab political unity, from being a mantra in the 1950s,has turned into a joke, and today the Arab world’s 22"sister" countries regularly bicker in an endless politicaltragic-comedy. Politically, fragmentation of the Arab worldis clear, but what about economics? The same lack ofintegration had been true in the late 20th century of Arabeconomies as it was

Jordan-US QIZ could be better

The Jordanian economy has done pretty well recently,boasting high growth rates, attracting attention fromregional investors, and enjoying increasing exports.Regarding the latter, the kingdom chalked up close to $4.1billion in national merchandise exports last year, up byalmost 13% on 2005. Traditional Jordanian production such asfertilizers (the country’s second most important good soldabroad) still accounted for almost

Dollar not what it used to be

The US dollar may still be king in terms of foreign-exchange reserves and denomination of international transactions, but the American currency is no longer absolute monarch of the global economy. The yawning US trade deficit and a huge overhang of debt denominated in greenback are causing concern regarding its reserve currency status. Since the middle

Ras Al Khaimah set to grow

Ras Al Khaimah (or RAK as it is affectionately known by the sprinkling of expats that have lived and worked there) was the Gulf’s best kept secret—until it positioned itself as a serious investment destination. An important milestone in this respect was the May 2005 investors’ conference held in the emirate by the RAK government

Smooth as silk

The world economy was until recently a cozy club of the countries of the Organization of Economic Co-operation and Development (OECD – a grouping of 30 of the world’s biggest and more prosperous states) and of the multilateral organizations that they largely finance and control, including the World Bank. However, that coziness could now be