Economy

In a speech delivered at a conference in Riyadh in early May 2012, Abdullatif bin Rashid Al Zayani, the secretary-general of the GCC addressed the numerous changes that have taken place in the region in recent years. “The new political, security and military challenges, at the regional and international levels, as well as insecurity in the Arab...

Despite a number of notable uncertainties in the global economy, Bahrain’s economic outlook remains largely positive. It appears that the international economy will continue to be challenged by problems such as the sovereign debt crisis in the eurozone and fiscal disputes in the US throughout 2013.

The name Bahrain means “two seas” in Arabic, referring to the seas that surround the Gulf island nation. It is unclear which seas the term specifically refers to, and for much of its history, Bahrain was the name for the province. Only recently has it come to identify the islands of the Awal archipelago.

Following the fall of now-imprisoned former President Alberto Fujimori from power at the turn of the millennium, Peru has enjoyed over a decade of stable political and economic progress. Economic development, in particular, has been rapid, partly due to elevated global commodity prices, as well as the commercialisation of the giant Camisea...

Following a campaign laden with promises of social inclusion, President Ollanta Humala’s administration has already begun fulfilling some of them. Having gained legislative approval to establish the Ministry of Development and Social Inclusion only weeks after taking office in August 2011, Humala turned his sights to renegotiating royalties...