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Arcapita’s 50 New Creditors

A list of institutions the bankrupt firm owes shows the Central Bank of Bahrain is the biggest Arcapita creditor. Other major lenders include Riyad Bank and Mashreq. READ MORE HERE

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U.S. To Overtake Saudi Arabia & Russia In Oil Production By 2020: Citigroup

U.S. To Overtake Saudi Arabia & Russia In Oil Production By 2020: Citigroup(0)

The United States’ hydrocarbon’s production will eclipse Saudi Arabia and Russia as early as 2017, says Citibank. In fact the energy surplus points to North America effectively becoming the new Middle East by the next decade

Resource-Rich Countries Are Often Education-Poor: OECD Study

Resource-Rich Countries Are Often Education-Poor: OECD Study(0)

An OECD study shows countries with greater income from natural resources tend to be socially less developed.

What If Oil Prices Drop Suddenly?: The GCC Dilemma, As Imagined By Citibank

What If Oil Prices Drop Suddenly?: The GCC Dilemma, As Imagined By Citibank(0)

Barclays Capital expects GCC economies to rise 5.4% this year, but Citibank worries that a sudden drop in oil prices could leave the states with a dilemma: whether to curtail spending or keep pumping funds into the economy.

Forbes Billionaires’ List: Middle East’s Richest Lost Big Last Year

Forbes Billionaires’ List: Middle East’s Richest Lost Big Last Year(0)

Middle East’s 30 richest people collectively lost USD5-billion, according to Forbes data. In all, sixteen billionaires lost part of their fortunes last year. Find out who lost and gained the most.

Global Land Rush

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Private equity, sovereign wealth funds and governments of food-importing countries are buying up land to secure food supplies. For good reason: farmland could generate returns of up to 30% annually.

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