Tourism - Global Business and Finance Magazine

The tourism impact: Diversifying Saudi Arabia’s economy and creating jobs through culture

GLOBAL BUSINESS AND FINANCE MAGAZINE
October 10, 2025
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The Kingdom of Saudi Arabia (KSA) has a rich cultural heritage, and a wealth of natural assets like the colorful Red Sea and stunning desert landscapes. Visitors can scuba dive with sea turtles today and traverse 2,000 year-old Nabatean tombs tomorrow. Until recently, tourism in the Kingdom mainly concentrated on Islam’s iconic religious sites. That […]

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Resolving non-performing loans and zombie firms: A path to sustainable growth in Greece

GLOBAL BUSINESS AND FINANCE MAGAZINE
April 25, 2025
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During the Greek debt crisis, zombie firms and non-performing business loans peaked at 20% and 50%, respectively. This column examines the negative effects of ‘zombie’ firms on investment, employment, and productivity during the crisis. The findings suggest that zombie firms have a negative impact on the economy through multiple channels, but highlight heterogeneities across sectors. […]