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.
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
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
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.
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
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.
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.
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.
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.
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