Friday 21 November 2014

$60bn worth food wasted annually in Mena region

Middle East and North Africa (Mena) region wastes food worth at a cost of over $60 billion dollars annually, according to the UN Food and Agriculture Organisation (FAO). That comes up to around 250 kg of food is discarded per individual every year. The United Natio


‘Hard to reach Iran nuke deal by Nov 24’

It now appears difficult to reach a comprehensive nuclear deal with Iran by a Nov. 24 deadline but it is not impossible, US Deputy National Security Adviser Tony Blinken told lawmakers. "Right now, I think it's going to be difficult to get to where we want to go. It'


Eviction threat to fishermen in Bahrain

More than 100 fishermen have been ordered to vacate a makeshift harbour in Juffair, Bahrain, so that the surrounding land can be used to build a new ring road. Warning letters were sent by the Works Ministry ordering an immediate evacuation of the site last week, but yesterday th


Egypt welcomes Saudi call to mend ties with Qatar

Egypt on Wednesday welcomed a call from Saudi King Abdullah to back an agreement between Gulf states that ended an eight-month dispute over Qatar's backing of Islamist movements and its promotion of Arab Spring revolts. "(Egypt) confirms its full response to this honest


Saudi King calls on Egypt to back Gulf accord

Saudi King Abdullah called on Egypt on Wednesday to back an agreement between Gulf Arab states that ended an eight-month dispute over Qatar's backing of Islamist movements and its promotion of Arab Spring revolts. In a statement published by the Saudi Press Agency, the king a


US Chamber opens new office in Turkey

The US Chamber of Commerce has opened an office in Istanbul to aid its regional efforts and help enhance the workings of its US-Turkey Business Council. At an official ceremony, the US Chamber’s executive vice president and head of International Affairs Myron Brilliant and


Saudi records 47pc increase in divorce lawsuits

Saudi Arabia’s Justice Ministry has recorded a 47 per cent increase in lawsuits brought by women to divorce their husbands over the past year, according to a report. More than 2,000 cases, known as hula, took place until the end of the Hijra year (October 23), said the Arab


Fifa lodges criminal case over World Cup bids

World soccer's governing body Fifa lodged a criminal complaint in Switzerland on Tuesday against unidentified people over the bidding for the 2018 and 2022 World Cups, but stood by its conclusion that any wrongdoing was not enough to jeopardise the winning Russian and Qatari bids.


KKR-CVC pick advisers for Americana bid

KKR & Co and CVC Capital Partners have chosen Goldman Sachs and HSBC to advise them on their joint bid for a majority stake in Kuwait Food Company (Americana), sources familiar with the matter said on Tuesday. The private equity firms are facing off against Saudi Arabia's


Ex-Qatar 2022 bid staff condemns Fifa report

A former employee of Qatar's 2022 World Cup bid has accused Fifa investigators of violating confidentiality promises made when she agreed to provide evidence of alleged corruption related to the bid. On Sunday, former Qatar bid employee Phaedra Almajid sent Michael Garcia, a

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