Tuesday 22 July 2014
 
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Arab Spring

US private equity firm Carlyle eyes Mena deals

The Middle Eastern investments of US private equity firm Carlyle have benefited from a rise in government spending since the Arab Spring uprisings, a top official said, adding the company would also start looking at deals in North Africa.

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Japan to lend Tunisia $480m

Japan has agreed to lend Tunisia 750 million dinars ($480 million) to support the transition to democracy in the North African country where the Arab Spring began, the deputy foreign minister said on Tuesday. The money, which will

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Business recovering across region: Al Baraka

Bahrain-based Islamic lender Al Baraka expects at least 15 percent growth in net profit this year as its business recovers across a region hit by the Arab Spring unrest, its chief executive said. The growth will also be fuelled by

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Solid growth in GCC, other Mena states struggle

The ongoing challenges in countries undergoing transition – including Egypt, Jordan, Libya, Morocco, Syria, Tunisia and Yemen – will continue to affect economic performance in the Mena region, according to a report. Al

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Saudi to dominate oil scene in years to come

Ever since 2011, Brent oil has been trading at above $100 per barrel and, had it not been to Saudi Arabia’s intervention to step up production, prices would have been much higher. Like any other commodity, global price of oi

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Qatar signs $1.25bn Morocco aid deal

Qatar and Morocco have signed an aid deal worth $1.25 billion, part of a five-year package of financial assistance extended by wealthy Gulf states to the North African kingdom to help it weather 'Arab Spring' protests. Fou

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Swiss extend freeze on Arab Spring assets

Switzerland will block assets held by the toppled former presidents of Tunisia and Egypt for a further three years to give the two countries more time to investigate the origins of the money, the Swiss government said. Around 700

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Egypt is worst Arab state for women, Comoros best

Sexual harassment, high rates of female genital cutting and a surge in violence and Islamist feeling after the Arab Spring uprisings have made Egypt the worst country in the Arab world to be a woman, a poll of gender experts showed on Tuesday.

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Morocco to cut spending by $1.2bn

Morocco will cut its 2013 investment spending by at least 10 billion dirhams ($1.2 billion) to keep the budget deficit close to 5.5 per cent of gross domestic product as promised to international lenders, according to an official document.

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Arab Spring fallout fuels Mediterranean smuggling

The chaotic fallout of the "Arab Spring" is fuelling a surge in the smuggling of drugs, weapons and people across the Mediterranean, and cash-strapped regional powers are struggling to respond. Last month, European leade

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