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Europe: When the Macro Overshadows the Micro

August 17th, 2015 (0)
Christian Thimann currently works with the French investment bank AXA while also holding an academic position at the Paris School of Economics. However, from 2008 to 2013 he was Director General and Adviser to the President at the European ...

Egypt faces taxing challenge amid its inaction on cutting fiscal deficit

August 13th, 2015 (0)
Egypt’s government in the coming months faces one of its biggest economic challenges since it came to power a year ago: the implementation of the long-planned value-added tax (VAT). The VAT promises to be hugely unpopular among businesses, which ...

IEA Sees Oil Glut Enduring in 2016 After Reaching 17-Year High

August 12th, 2015 (0)
The global oil glut will last through next year as surging demand and faltering supply growth fail to clear the surplus, according to the International Energy Agency. Record inventories will expand further even as consumption climbs by the most ...

Crédit Agricole in ‘Advanced’ Talks on U.S. Sanctions Settlement

August 5th, 2015 (0)
Crédit Agricole, one of the biggest banks in France, said on Tuesday that its profit increased in the second quarter and that it was in “very advanced stage” talks to settle investigations into whether it processed payments for countries ...

OECD updates anti-tax evasion list

August 4th, 2015 (0)
Europe’s attempts to clean up tax evasion and money laundering took a step forward yesterday when an international task group said that Austria — a eurozone nation that was until recently falling short —was almost fully compliant with new ...

Can Turkey compete with France for Iranian market?

August 3rd, 2015 (0)
The anticipated removal of sanctions on Iran opens up wide political and economic opportunities for that country’s authorities. A number of European countries are already expressing great interest in Iran’s economy. One of them is France. The visit of ...

BNP Is Considering Its Biggest Bank Revamp Since the Crisis

July 30th, 2015 (0)
BNP Paribas SA is considering a reorganization of its securities unit that may bring the deepest cost cuts since the financial crisis. France’s largest bank enlisted Oliver Wyman and Boston Consulting Group to work on the revamp, dubbed “CIB ...

The UAE: On the road to economic development

July 30th, 2015 (3)
In the past two years, the UAE has achieved three major milestones on the journey towards a sustainable and diverse economy. In 2014, the UAE’s stock exchanges were upgraded from ‘Frontier’ to ‘Emerging’ market status by the global markets ...

Snapshots of the Global Energy

July 29th, 2015 (0)
When the BP Statistical Review of World Energy is published each year, I skim through the figures and tables as a way of grounding myself in some basic facts. Here’s are a few things that caught my eye this year. Here’s ...

Asian stocks hit three-week lows as China gloom spreads

July 28th, 2015 (0)
Asian stocks fell to three-week lows on Tuesday as a deepening rout in Chinese stocks erased risk appetite – sending investors flocking to safe-haven instruments such as government bonds and the Japanese yen. MSCI’s broadest index of Asia-Pacific shares ...
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