Latest in Tag: MENA Highlight
Latest in Tag: MENA
Anas Al-Beltagy arrested for inciting riots in universities
Arrested Al-Azhar students held for 15 more days pending investigation
Garranah released on bail
Court adjourned until 20 January
MENA youth refuse to step down despite setbacks
By Aisha Habli Beirut – The glow of the Arab Spring wore off in the media a while ago. Violence, internal division and widespread frustration have replaced the hopeful scenes of youth standing up to demand change. But have youth really stepped back from the frontlines of such change? I followed up with my peers, …
What Security Investors Really Want
Highest among their concerns was not, as you might expect, the physical security situation.
Abd al-Nur announces that industrial lands not to be included in bids and tenders law
Abdel Nour added that Egypt’s government had recently entered into negotiations to pay back the debt held by the Egyptian General Petroleum Corporation (EGPC) to mining companies, estimated to total $5.5bn, in order to provide incentive for international companies to increase their production within the country.
EGP 8.816bn in electronic payments made in monthly taxes and customs duties payments
An additional 1,200 post offices have also begun taking part in the system, bringing the total number of participating payment stations to 4,520. He added that the system had been set up during July and August of last year.
Ziad Bahaa El-Din: Egypt not in urgent need of IMF loan
Bahaa El-Din stated that the country’s national school nutrition program, which is a part of Egypt’s broader economic initiative, would target those regions and villages most in need of assistance.
MENA has the highest unemployment rate
MENA had the highest unemployment rate of all regions in 2012, at 19%
Mona Makram Ebeid: IMF representatives reinforce the need to build a new strong economy within Egypt
IMF officials reinforced the need to encourage the growth of a strong new Egyptian economy rooted in the private sector, and build on competition instead of favouritism.
`Information Minister must repay EGP 269,000
Ministers are not allowed to spend any funds not included in the governing law of their financial allowances assessed annually.
Morsi’s popularity declining
Percentage of Morsi’s supporters decreases to 42%, according to Baseera
Controversy over GlobalAdMart
E-commerce was only recently introduced in the Egyptian market and has picked up steam from the success of a number of companies which rely on the internet and social networks to promote their products, yielding bigger profits quickly and at smaller costs.
MENA biggest spender on energy subsidies
IMF report shows Middle East and North Africa governments account for 50% of global energy subsidies bill
Tahrir Square sit-in attacked
Unknown assailants attacked protesters in Tahrir Square early on Sunday morning
In Pictures: Balloon crash 18 killed, 3 injured
Tourists from France, UK, Japan, Honk Kong and Hungary involved in a hot air balloon crash near Luxor
Balloon crash: 18 killed, 3 injured
Citizens of France, UK, Japan and Hong Kong aboard hot air balloon that caught fire near Luxor
Rebel Economy wrap
Original sin: Where did Arab economies go wrong?
Mekki appointed new ambassador to Vatican
President Morsi had originally appointed former Prosecutor General Abdel Meguid Mahmoud, who refused the post
Standard & Poor’s: Gulf banks replace European banks in MENA
European banks are shedding assets outside of the MENA region to rebuild their balance sheets affected by the financial and sovereign crises
Cutting deficits without damaging growth
Average public debt in MENA countries is more than 78% of GDP, and slower than projected growth or higher interest rates could put debt on an unsustainable path.
Egypt’s Central Bank agrees to sell both BNP Paribas and NSGB
The Central Bank of Egypt (CBE) agreed to plans discussed last week to sell both BNP Paribas and National Société Générale Bank (NSGB)
World Bank Egypt director: ‘WB contributed $5 billion to MENA in 2012’
The strategy of the World Bank in the region consists of strengthening governance, creating jobs especially for women and youth, accelerating sustainable growth and ensuring economic and social inclusion.
Egypt hosts AmCham’s MENA Regional Annual Conference
American Chambers of Commerce across MENA discuss regional development opportunities with investors and international organisations
Nine dead as Middle East battered by bad weather
In Jordan, the government declared Wednesday a public holiday due to the icy weather
Qandil visits Algeria for economic talks
Prime Minister Hesham Qandil arrived yesterday in Algeria for a three-day visit amidst speculative press reports over the visit’s agenda. State-owned Middle East News Agency (MENA) reported the objective of Qandil’s visit to Algeria is to hold talks with the Algerian government over solidifying economic relations and boosting mutual investment. “During his visit to Algeria …
Al-Saeed: MENA Transition Fund launched with capital of $250m
Minister of Finance Momtaz Al-Saeed, announced the establishment of a MENA Transition Fund with an initial capital of $250 million, in a press release.
The untouchable old guard
Some keep saying that the “third hand” has disappeared with the ascendency of the Muslim Brotherhood to power. I find it funny when people say that.
Switzerland to return $700 million frozen assets to Egypt
Funds to be returned after convictions secured for former regime members.
High oil prices to push MENA growth forecast up in 2013
The expected growth prospects of the MENA region strengthened, with predicted growth of 5.3 per cent in 2012 and 3.6 per cent in 2013, according to Qatar National Bank Group (QNB). QNB attributed the strong forecast to higher oil prices and increased government spending, according to the bank’s group review of the International Monetary Fund’s …
Turkey’s economic miracle offers MENA investors big markets to chase
By Tim Reid Turkey has hung out its ‘for sale’ sign at just the right time to grab the attention of Arab investors who are in the market for new destinations to deploy their record energy revenues. A new Turkish real-estate law came into effect in May making it easier for Arabs to buy property …