economic growth

The Saudis awarded a more than $1 billion contract for a spire that will soar two-thirds of a mile high, to be named the Kingdom Tower. The plans make Saudi Arabia a front-runner in the race between the oil-rich Gulf nations for glitzy, architectural trophies that dot their desert territories...The projects are seen as status symbols to show off economic success.

...Singapore is also investing in the soft power of maritime supremacy as much as the hard power of metal boxes. The city is becoming a centre of maritime architecture and green maritime technology to complement its lead in terms of the legal and financial aspects of maritime technology.

We are supporting initiatives like Partners for a New Beginning, which supports economic opportunity, education, science and technology exchanges between the United States and Muslim communities worldwide...We are connecting entrepreneurs with Diaspora communities in the United States that are eager to help fund new projects in countries where they have family ties.

First outlined by President Obama during his “New Beginnings” speech in 2009, the Global Entrepreneurship Program supports entrepreneurs in Muslim majority emerging economies by linking them with mentors and access to financing. Indonesia is the second country after Egypt to implement the pilot, which officials say supports stable democracy by creating jobs and growing local economies.

July 21, 2011

When it comes to overseas aid, the British are hard-headed but not hard-hearted, David Cameron declared on July 19th in Nigeria. In Lagos, Mr Cameron painted a vision of British aid as a catalyst for economic growth. A new opinion poll commissioned by Chatham House, a think-tank, shows deep scepticism about Mr Cameron’s foreign priorities.

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