Immediate succession is smooth but appointment of next Crown Prince requires......Balancing rival branches of the royal family and obtaining approval from obstructionist Parliament. Ahead are high fiscal deficits, scheduled election and end of EM ind...

Investors, probably using other news sources, have also taken note: the Turkish Lira is down 2.6% and the Russian Ruble is down 1.9% since the spike in hostilities on 27 September. But part of this change has been driven by an inevitable return to mo...

Prime Minister-designate Mustapha Adib stepped down on Saturday after failing to form a cabinet, saying that efforts to form a non-partisan government were "bound to fail" and expressing his "sincerest apologies to the Lebanese people". President Mic...

Covid-19continues to oscillate between a source of gloom (new waves of infections even in those countries previously successful in their control of it, lasting economic damage to traditional businesses) and one of optimism (partial control of infecti...

The CBT has raised its effective cost of funding rate with FX moves since early August, while it has kept the policy rate (1-week repo rate) unchanged at 8.25%. The effective cost of funding, on the other hand, in comparison to the actual cost and in...

Suspicious Activity Reports (SARs) are sent, confidentially, by banks globally to the US Financial Crimes Enforcement Network (FinCEN, which is part of the US Treasury). We have written extensively on the subject of corruption for EM and ESG funds be...