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New US President Joe Biden has wasted little time in reversing many of his predecessor’s executive decisions. On inauguration day he signed an executive order to rejoin the Paris Agreement on Climate Change, and made good on his promise to cancel the Keystone XL pipeline that would have brought heavy oil from Canada down to the refineries on the Gulf of Mexico. Construction

Germany a key step closer to post-Merkel era Cornelia Meyer January 20, 2021 23:13 North Rhine-Westphalia’s Prime Minister Armin Laschet arrives for a news conference on coal phase-out laws in Berlin, Germany, July 3, 2020. (Reuters) Short Url https://arab.news/225tv Germany last weekend rang in the next chapter of its political future. This is the twilight of the Merkel era, as the EU’s longest-serving leader prepares to step down after the parliamentary elections this coming September. On Saturday, the Christian Democratic Union (CDU), which rules in a coalition with its sister party th...

Interesting times for GCC players in global bond markets Cornelia Meyer January 18, 2021 22:12 Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2019. (Reuters) Short Url https://arab.news/nhc8a Both corporate and government borrowers from the Gulf Cooperation Council (GCC) states are expected to tap into the international bond markets during the first half of 2021. It makes eminent sense to issue bonds on international markets while the going is good. Interest rates are low because of trillion-dollar stimulus packages in the developed world, while y...