What We Are Reading Today: The Promise and Peril of Credit by Francesca Trivellato 

Updated 26 January 2019
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What We Are Reading Today: The Promise and Peril of Credit by Francesca Trivellato 

The Promise and Peril of Credit takes an incisive look at pivotal episodes in the West’s centuries-long struggle to define the place of private finance in the social and political order.

It does so through the lens of a persistent legend about Jews and money that reflected the anxieties surrounding the rise of impersonal credit markets.

By the close of the Middle Ages, new and sophisticated credit instruments made it easier for European merchants to move funds across the globe.

Bills of exchange were by far the most arcane of these financial innovations. Intangible and written in a cryptic language, they fueled world trade but also lured naive investors into risky businesses.

Francesca Trivellato recounts how the invention of these abstruse credit contracts was falsely attributed to Jews, and how this story gave voice to deep-seated fears about the unseen perils of the new paper economy, says a review on the Princeton University Press website.

 


Mohamed Abdo rings in New Year with landmark Saudi celebration in London

Updated 02 January 2026
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Mohamed Abdo rings in New Year with landmark Saudi celebration in London

  • Abdo performs 16 of his most beloved songs over 4 hours
  • He lauds ‘genius choice’ of first Saudi-led New Year show

LONDON: Saudi Arabia’s music icon Mohamed Abdo welcomed the New Year with a historic sold-out concert in London, marking what organizers described as the first Kingdom-led celebration in the UK capital.

Organized by Global Gala, the event drew more than 1,400 people, with Saudis traveling from the Kingdom and across Europe to attend.

There were also local fans, underscoring the wide appeal of the evening and the growing international presence of Saudi Arabia’s cultural events.

The concert was held at the Great Room at Grosvenor House, a venue of particular significance for Abdo because it was the same location where he first performed in London.

Tickets sold out rapidly following the show’s announcement. The organizers said the strong response reflected both Abdo’s enduring popularity and the anticipation surrounding a Saudi-led New Year’s event abroad.

When asked about the timing of the concert, Abdo praised the organizers’

decision to stage the event on New Year’s Eve, describing it as a “genius choice” that aligned naturally with the spirit of welcoming a new year.

Over the course of four hours, Abdo performed 16 songs, spanning decades of his career.

The audience responded warmly throughout the night, particularly during well-known tracks including “Al Amaken,” “Ashofak Kil Youm,” and “Majmouat Insan.”

The audience included prominent figures from the worlds of entertainment, media and public life.