FRANKFURT U.S. Secretary of State Hillary Clinton will travel to Jerusalem, Cairo and Ramallah to meet with regional leaders in an attempt to halt an escalation of violence in the region, the White House said Tuesday, according to reports. “Her visits will build on engagement…with leaders in the region to support de-escalation of the violence,” said Ben Rhodes, deputy national security adviser, according to The Wall Street Journal. Clinton will emphasize U.S. interests “in a peaceful outcome that enhances Israel’s security and regional security” and reopens a path toward Palestinians and Israelis living side by side, Rhodes said.
King Abdullah of Saudi Arabia and Chinese President Hu Jintao attend a ceremony in Beijing in 2006. China’s foreign policy values relationships to fuel its resource-hungry economyOil drives strategic relationship between Middle East and ChinaChina’s “Great Game” seeks supplies rather than political influence Abu Dhabi — China’s Xi Jinping, who is expected to be named president in March and likely next premier Li Keqiang will inherit a foreign policy that puts a premium on partnerships that can help China fuel its resource-hungry economy.In the world of geo-politics, symbolism goes a long way in forging lasting, strategic relations. This is certainly [...]
Oil production is expected to remain flat in the Middle East in 2013, according to the IMF.IMF: Economies across the Middle East need to introduce fiscal restraint and deeper reform IMF urged both the region’s wealthier oil exporters and struggling oil importers to make policy changesNext year, regional growth is forecast to slow to 3.6 per cent as oil production remains flat(Financial Times) — Economies across the Middle East need to introduce fiscal restraint and deeper reform to safeguard their futures, says the International Monetary Fund.The IMF’s biannual regional economic outlook projects growth in the Middle East and north Africa [...]
DUBAI J.P. Morgan Chase Inc has hired Ahmed Saeed from Nomura Holdings <8604.T> to head up its Middle East business focused on public sector clients, the U.S. bank said in a statement on Wednesday. Nomura, in the process of making $ 1 billion in cost cuts, is cutting investment banking jobs in Dubai, sources told Reuters last month.J.P. Morgan, on the other hand, has been beefing up in the region and has made some top-level banking appointments this year. Saeed was most recently a managing director at Nomura’s investment banking division in Dubai, where he handled public sector clients for [...]
America’s middle class has just endured one of the worst decades in modern history, according to a new study by the Pew Research Center. In the last 10 years, members of the middle class have watched their wages decrease along with their net worth, and have reported an overall more difficult time making ends meet. According to the study, “The Lost Decade of the Middle Class,” 85% of middle class Americans say it is “more difficult now than it was a decade ago… to maintain their standard of living.” The middle class is also a dwindling population: Today only 51% [...]
The medical care market is increasingly becoming like the real estate market: you get what you pay for. The top complaints from patients regarding doctor visits typically include long waits for just a few minutes of doctor face time, impersonal care, lack of appointments and slack follow up. “Concierge” care has recently entered the medical scene offering more personalized, around-the-clock treatment, but it comes at a hefty price tag: up to $ 2,000 a year, and many concierge docs don’t accept insurance. With a growing number of patients in need of more attention from doctors and an easier experience getting [...]
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