17 January 2019

This fall, the first symptoms were felt at the stock exchanges around the globe. Shares of the US technology companies lost 20% to 30% last fall. Once again, something has gone wrong in the US economy. This happens just like in Hollywood films: at first, everything is calm, then the life of the main protagonist, a good fellow, is shred into pieces, however he pulls through and proceeds to save his family and the whole world. The twist in the “show” of global economy is no less exciting: so far everything seems to follow this scenario. There are, however, signs of the imminent crisis. And this time it might not have a happy ending.

14 January 2019

A law allowing 100% foreign ownership of companies in certain sectors of the economy is now in force in the UAE. Previously, Article 10 of the UAE Commercial Companies Law required that 51% or more of the shares in a company established in the UAE be owned by an UAE national shareholder.

10 January 2019

According to the preliminary estimates, net capital flight from Russia through the private sector amounted to USD 58.5 billion during the period of January–November 2018. The data was published in January by the Bank of Russia press service.

05 January 2019

Russia only came 19th among the 25 countries in a survey on the effectiveness of public spending, a list composed by the experts from the Moscow-based academic think-tank Higher School of Economics (HSE). This poor result is a reflection of low efficiency of spending on administration and public health. Apart from Russia, the authors of the report reviewed other OECD and non-OECD countries, economically comparable to Russia.

20 December 2018

In December, the US currency dropped in value following the statement by the Fed chairman Jerome Powell who said that the interest rates are now just below the neutral range. Bankers observe such fluctuations with calm, albeit with concern: by the end of 2019, they reckon, the value of the US dollar will enter a downward trend for many years to come. As the Fortune100 billionaire and investor Ray Dalio affirms, the USD value will collapse by 30% due to the 'triple US deficit', which ultimately will lead to the inevitable: dollar will lose its status as the global reserve currency.

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