Tag: economy

The GCC Currency Yoyo

24 Jun, '075 Comments

I’m confused. Are we (as the GCC) going to have a single currency come 2010 or won’t we? Our PM is adamant that we will: ولكن،هناك لغط داخل منظومة مجلس التعاون حيال الوحدة النقدية.. ما هو موقف مملكة البحرين من العملة الخليجية الموحدة؟ ** على الجميع أن يدرك أن دول مجلس التعاون الخليجي، كيان واحد […]

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The tumbling Dollar breaks the non-forthcoming single GCC currency

The tumbling Dollar breaks the non-forthcoming single GCC currency

20 May, '0722 Comments

Kuwait saw this: and got rightly concerned, so: Kuwait drops dollar peg in blow to Gulf currency union KUWAIT, May 20 (Reuters) – Kuwait unshackled its dinar from the tumbling U.S. dollar on Sunday and switched the exchange rate mechanism to a basket of currencies, throwing plans for currency union with other Gulf Arab oil […]

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Incentives are better than punishments

24 Apr, '073 Comments

You can beat the bejeezus out of people but that won’t guarantee that your message will actually get through. On the other hand, if you talk nicely to people and offer them an incentive to do better or correct their ways, there is a very high chance that they will not only listen, but also […]

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Transporting humans

Transporting humans

18 Apr, '0721 Comments

A few months ago, the Ministry of Labour meekly suggested that workers should be transported in covered vehicles, they meant buses I assume, which should be adequately air conditioned. So canny businessmen slapped on some plywood boards around the back of 6-wheel trucks and shoved all their labourers in there. That should have been enough […]

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Surpluss for a second year

16 Apr, '079 Comments

Should signal an immediate start in overhauling present infrastructure and the investment in improvements and the creation of new ones. A tram/train system would not go amiss either. Shall we hold on to hope?

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