Considering the widespread financing needs of small and medium enterprises and the need for empowering and enabling poor segments of societies to become self-dependent, microfinance institutions have emerged as the perfect guardians of such needs Although, the emergence of the microfinancing concept is not very old and has not been shaped by a sizeable and […]
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“Trade Finance” means Domestic and International Trade and Transactions. To complete a trade transaction there must be a seller to sell the goods or services and a buyer who will buy the goods or make use of the services offered for sale. Different institutions like banks or different financial institutions usually facilitate trade by providing […]
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Gaming in the modern age has now taken its rightful and deserving place as a part of our culture and our lives. It has a major influence on the youth as well as the adults and is something which we human beings cannot live without, at least the children and people from the age groups […]
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An ‘Electric Car’ is an automobile that is driven by one or more electric motors. The electrical energy is stored in batteries or some other form of energy storage device. The electric motors create strong and smooth acceleration and give the cars instantaneous torque. Electric cars first appeared in the 1880s and were quite popular […]
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China exports more than 32% of its production to the US and a slowdown in the American economy would have a grave impact on the manufacturers in China. Production would slow down in some factories while others might have to close down altogether. This would result in a large portion of the workforce being out […]
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Keeping in mind the Taoist theory of Self Actualization, the environmental deprivation that has best modern civilizations are a sign of the collective failure to rise above the concept of a lesser self. Greed and avarice that generates unappeasable needs and yearnings discriminate that heighten perceived differences among people obscure a person’s sense of humanity […]
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Some Middle Eastern countries are very conservative and they have serious objections to females getting educated. Saudi Arabia, being a staunch follower of strict Islamic rules does not allow native women from going out without a male. These factors lead to the deprivation of education in the Middle East among most women. Women are required […]
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The education curriculum in Saudi Arabia comprises three separate and distinct administrative systems which are segregated by sex. The system consists of ‘general education for boys, traditional Islamic education for boys only, and general education for girls. Moreover, the responsibility of education for boys lies with the Ministry of Education which was established in 1952, […]
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Despite the massive decline in oil prices, Aramco, Saudi Arabia’s government-owned Oil Company has continued to insistently extract crude oil at a record rate. For maintaining its market share of oil, it has forced oil prices down to lower than $30 per barrel. Obviously, the goal of the Saudi Kingdom is to discourage up-and-coming oil […]
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According to Milton Friedman, everyone agrees that the main objective of sound economic policies is maximum levels of employment, constant and steady prices, and swift expansion and development. However, what is usually debatable about these objectives is that not everyone views these objectives as well-matched and the conditions under which they can and must be […]
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