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’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
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
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
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
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
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 5:09Tunisia 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 2:20Islamic 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
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
Tunisia’s Ennahda likely to back an open economy
Ennahda makes effort to reassure business community; Party is free market oriented but could ally with leftists; Islamists could attract Gulf Arab investment as Europe suffers
October 29, 2011 6:28Mideast faces funding gap as European banks retreat
Companies in the Middle East and North Africa, which rely heavily on bank financing, will have to curtail growth plans as European lenders retrench, unless they find replacement funding sources quickly, senior bankers said on Wednesday.
October 27, 2011 2:02
MENA M&As survive on mid-size deals and SWFs
Modest recovery is expected in mergers and acquisitions across MENA next year, with most driven by mid-size restructuring. Not a bad start for 2012, but not great either.
September 26, 2011 12:25Samena eyes Asia, ME, North Africa with new fund
Hong Kong investment fund looks to the MENA region for 'private equity-style' investments upwards of $700 million over the next seven years.
June 8, 2011 9:27
Bargains tempt wary tourists to N.Africa
Visits down 50 percent in Tunisia, 60 percent in Egypt; Travel agents, hotels compete on cost, sell at a loss; Egypt seen recovering faster than Tunisia
June 4, 2011 4:10
Kuwait: expats sent packing
The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
Dubai Labourers on 'rare' labour protest
Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.
May 20, 2013 9:33
Tumblr officially off the market
Yahoo! board unanimously approves the acquisition...
May 19, 2013 3:20
A maid's wage
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43