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North Africa

Euro-rival-banks

Gulf banks eye European rivals’ Middle East assets

European lenders selling MidEast, N.Africa assets; Gulf banks keen to expand; have financial resources; Assets in countries such as Egypt, Turkey put on the block

June 21, 2012 3:30
 
Abu Dhabi TAQA

Abu Dhabi’s TAQA targets North Africa utility needs

Sees North Africa and Middle East ripe for new power, water projects; CEO says Arab Spring highlights need for reliable utilities; Could do deal in Turkey this year says CEO; Looking for acquisitions in the North Sea

May 26, 2012 9:11
 
Travel groups look east for 2012 bright spots

Travel groups look east for 2012 bright spots

With a weak western European economy, fear of political unrest in North Africa and a cruise business hit by the Costa Concordia disaster, travel groups are looking to eastern Europe, China and corporate travel to brighten up 2012.

March 10, 2012 5:20
 
Egypt’s GB Auto to assemble Geely Autos

Egypt’s GB Auto to assemble Geely Autos

GB Auto, Egypt's biggest listed automobile assembler, said on Tuesday it had agreed to assemble passenger cars provided by Hong Kong-based Geely Automobile Holding Ltd and begin distributing Geely cars in North Africa.

February 21, 2012 4:44
 
Slowing growth weighs on Middle East M&A values

Slowing growth weighs on Middle East M&A values

Mergers and acquisitions in the Middle East and North Africa rose slightly in 2011, but the combined value of deals fell by more than a quarter as slower economic growth weighed on prices, Ernst & Young said on Sunday.

February 6, 2012 2:25
 
IFC plans $1B MENA investments by end-June

IFC plans $1B MENA investments by end-June

International Finance Corp., a unit of the World Bank, plans to invest close to $1 billion by the end of June in countries including Egypt, Iraq, Jordan and Libya, its regional director said on Sunday.

January 15, 2012 2:45
 
Arab Spring is at a critical juncture, says IMF Chief

Arab Spring is at a critical juncture, says IMF Chief

With the post-revolution euphoria giving way to practical concerns, the leaders and citizens of the Middle East is faced with hard choices. And the economic turmoil isn't making things easier.

December 7, 2011 5:09
 

Tunisia economy grew 1.5 percent in Q3

Tunisia's economy grew by 1.5 percent in the third quarter of the year but overall growth in 2011 will be close to zero, central bank governor Mustafa Kamel Nabli said on Thursday.

November 24, 2011 2:20
 

Islamic finances assets to hit $1.1 Trillion in 2012

Islamic finance assets around the world are expected to climb 33 percent from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday.

November 22, 2011 2:15
 
UAE deposit growth slows as Arab Spring effect fades

UAE deposit growth slows as Arab Spring effect fades

Bank deposit growth slows to 10-mth low in September as Arab Spring-related inflows decrease and conditions for big rise of interbank rates are just not in place.

November 10, 2011 4:59
 
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