According to an Arab Monetary Fund analysis, most of the Arab oil-exporting countries have had to readjust owing to unfavorable global economic developments. As for economic growth expectations for 2017, the Arab economies are expected to see a reduced growth of 2.3 percent in 2017 and 2.8 percent in 2018, reflecting the decline in the growth rate of the Arab oil-exporting countries to 1.8 percent through the OPEC production adjustment. Growth in the Gulf Cooperation Council countries is expected to reach 1.7 percent in 2017 compared to 1.9 percent in 2016.
In the Middle East North Africa region $622 billion worth of development is planned in the energy sector for the next five years. The power sector accounts for the largest share at $207 billion, with the oil and gas sector at $195 billion and $159 billion respectively. Leading the drive will be Saudi Arabia, and Iraq and Iran will play catch-up. Algeria will pump billions into its upstream sector, and much is expected from Egypt’s recent gas. Renewable-energy projects will be at the forefront of efforts to meet rising power demand in Morocco, Tunisia and Jordan.
Federal Reserve Chair Janet Yellen on Monday took another victory lap for the US labor market.
At the University of Baltimore's commencement, Yellen said that although there are still challenges, the jobs market is the strongest it has been in a decade.
"The short version of what I have to say is that while I expect workers will continue to face some challenges in the coming years, I believe, for two reasons, that the job prospects and career opportunities for new graduates at this time are very good," Yellen said.
Utilizing a decision tree does not require a PhD. All that's needed is a basic understanding of probability. Here's a step-by-step process you can follow to use the principles in your decision making:
Understand the different outcomes that could happen (both positive and negative)
Calculate the expected return or loss of each outcome:
Attach a probability to each outcome
Understanding the magnitude of the return or loss
Multiple the probability by the magnitude (probability of winning * value of win) - (probability of losing * cost of the loss)
Add up and subtract all of the expected returns and losses
To get started you don't need to know the exact probabilities. Just following the process will give you unique insights you wouldn't have had otherwise (i.e., the power of unlikely big bets and the risk of Russian roulette decisions).
Mark Carney unleashed a package of stimulus, including the Bank of Englandâ€™s first interest-rate cut in seven years, and said more easing could come as Britain feels the effects of its decision to leave the European Union.
Officials led by the BOE governor voted unanimously to reduce the benchmark by 25 basis points to a record-low 0.25 percent. They split over other elements of the plan that will expand the central bankâ€™s balance sheet by as much as 170 billion pounds ($223 billion) via purchases of gilts and corporate bonds and a lending program for banks