The Arab “dean of diplomacy”, Sheikh Sabah al-Ahmad Al-Sabah, who died on Tuesday aged 91, survived Kuwait’s worst crises with an iron hand and a reputation as a shrewd, unshakeable monarch. Even before his appointment as emir, he spent decades manoeuvring in the shadows of his predecessors; his half-brother Jaber Al-Sabah and cousin Saad Al-Sabah. … Read more
Plus, RTAs mess up the duty structure. Ideally, duties should be lowest for raw materials, higher for intermediates and highest for finished goods, with a complication of figuring out which item is what. Synopsis Can one unambiguously conclude that all RTAs lead to trade-investment creation? No. The answer is empiricaland depends on specifics of the … Read more
UNITED NATIONS: The UN Security Council has overwhelmingly rejected a US resolution to indefinitely extend an arms embargo on Iran, prompting an angry Trump Administration to threaten that it could initiate a “snapback” to reimpose all UN sanctions on Tehran. The US only received support for the proposal from the Dominican Republic in the 15-member … Read more