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Arab News: Economy

  • newCosta Coffee to go solo pressed by investors

    Costa Coffee to go solo pressed by investors

    Author: AFPWed, 2018-04-25 11:41ID: 1524656999414228700LONDON: Latte king Costa Coffee is to go it alone following pressure from activist shareholders on Whitbread, the global coffee chain’s parent company, a statement said Wednesday.UK compa…
    - 45 mins ago, 25 Apr 18, 7:52am -
  • newItalian energy firm Eni to drill more for gas deposits off Cyprus coast

    Italian energy firm Eni to drill more for gas deposits off Cyprus coast

    Author: APWed, 2018-04-25 (All day)ID: 1524654613603957200NICOSIA, Cyprus: Eni will proceed with more exploratory drilling south of Cyprus over the next 20 months, affirming a “strong engagement and commitment” in a hydrocarbons search off th…
    - 1 hour ago, 25 Apr 18, 7:22am -
  • newOnline fashion retailer Boohoo’s sales almost double

    Online fashion retailer Boohoo’s sales almost double

    Author: ReutersWed, 2018-04-25 09:26ID: 1524648802563396600LONDON: British online fast-fashion retailer Boohoo beat forecasts with a 40 percent jump in annual profit and an almost doubling of revenue as its mainly younger customers snapped up its…
    - 3 hours ago, 25 Apr 18, 5:37am -
  • newTotal interested in exploring Saudi petrol station market with Aramco

    Total interested in exploring Saudi petrol station market with Aramco

    Author: ReutersWed, 2018-04-25 08:46ID: 1524647423683306100PARIS/RIYADH: French oil and gas major Total said on Wednesday it was interested in Saudi Arabia’s petrol station market and had signed a memorandum of understanding (MoU) with state en…
    - 3 hours ago, 25 Apr 18, 5:34am -
  • newIndustry-specific ban on expats in Oman likely to remain, despite reaching recruitment target

    Industry-specific ban on expats in Oman likely to remain, despite reaching recruitment target

    Wed, 2018-04-25 10:19DUBAI: Oman’s Ministry of Manpower has pledged to continue in its push to recruit locals over expats even after its target was reached, the Times of Oman has reported.The government set itself a deadline of May, but it wa…
    - 5 hours ago, 25 Apr 18, 3:28am -
  • newIraq’s move to rush oil bidding could deter some major companies

    Iraq’s move to rush oil bidding could deter some major companies

    Author: APWed, 2018-04-25 (All day)ID: 1524639135682884100BAGHDAD: Iraq is opening more of its untapped oil and gas resources to foreign developers, hoping to boost revenues after its costly war with the Daesh group, but analysts say the rushed b…
    - 6 hours ago, 25 Apr 18, 3:06am -
  • newGlobal wind capacity to rise by more than half in next five years

    Global wind capacity to rise by more than half in next five years

    Author: ReutersWed, 2018-04-25 06:30ID: 1524638011822842700LONDON: Global wind energy capacity could increase by more than half over the next five years, as costs continue to fall and the market returns to growth at the end of this decade, a repo…
    - 6 hours ago, 25 Apr 18, 2:42am -
  • newGlobal carmakers show off SUVs, electrics as China promises reforms

    Global carmakers show off SUVs, electrics as China promises reforms

    Author: AFPWed, 2018-04-25 04:39ID: 1524631320572584500BEIJING: Global carmakers touted their latest electric and SUV models in Beijing on Wednesday, as China promises a more level playing field in the world’s largest auto market where domestic…
    - 8 hours ago, 25 Apr 18, 12:51am -
  • newIndia’s Bharti Infratel, Indus Towers to merge

    India’s Bharti Infratel, Indus Towers to merge

    Author: ReutersWed, 2018-04-25 04:11ID: 1524629852532490200BENGALURU: India’s Bharti Airtel approved the merger of Indus Towers Ltd. with its mobile masts operator unit Bharti Infrate, creating the largest tower company outside China by number…
    - 8 hours ago, 25 Apr 18, 12:35am -
  • newSaudi-backed fund invests with Alphabet

    Saudi-backed fund invests with Alphabet

    Wed, 2018-04-25 00:32LONDON: SoftBank’s Vision Fund, backed by Saudi Arabia’s Public Investment Fund and the UAE’s Mubadala, invest in China’s ‘Uber for Trucks.’ Saudi Arabia’s appetite for investment in technology shows no sign…
    - 15 hours ago, 24 Apr 18, 5:36pm -

fDiIntelligence: Middle East & Africa

  • Nigeria’s agricultural resurgence
    Fearing long-term dependence on the price of crude oil, a new wave of entrepreneurs is helping Nigeria’s small farmers reclaim their place as the engine room of the country’s economy. Ima Jackson-Obot reports.
    - 6 days ago, 19 Apr 18, 7:00am -
  • DRC prime minister looks to redress mining balance
    The prime minister of the Democratic Republic of Congo, Bruno Tshibala, tells Adrienne Klasa that the country's new mining code will correct an imbalance in favour of its citizens, who, he adds, will get the chance to go to the polls later in…
    - 12 days ago, 13 Apr 18, 7:00am -
  • Mining investors prepare to play longer game
    A recovery in the prices of gold and copper has done little for investment levels in the mining sector in Africa. However, writes Adrienne Klasa, having learnt from their mistakes during the crash, many in the industry accept that a slower, more sens…
    - 12 days ago, 13 Apr 18, 7:00am -
  • World Bank report highlights developing economies' increased FDI involvement
    The World Bank released its latest Global Investment Competitiveness report at the Annual Investment Meeting in the UAE, which stressed how integral developing economies have become to global FDI flows. Sebastian Shehadi reports.
    - 13 days ago, 12 Apr 18, 12:56pm -
  • Why Israel's FDI draw remains conflict-proof
    As a country, Israel is synonymous with headlines reporting conflict and civil unrest. However, thanks to its start-up culture, it is also a hotbed for FDI. Zosia Wąsik examines why investors see the country as a safe bet.
    - 13 days ago, 12 Apr 18, 7:00am -
  • Iran remains in the cold as JCPOA deal stalls
    A long awaited FDI wave has yet to materialise in Iran as Tehran and Washington continue to lock horns and throw the future of the nuclear deal into question. Jacopo Dettoni reports. 
    - 13 days ago, 12 Apr 18, 7:00am -
  • Cryptocurrency to the rescue in Africa?
    Cryptocurrencies and blockchain have been making inroads across Africa, promising to fix some of its most deeply rooted problems, from economic segregation to the transparency of public governance and poor intra-regional trade. But results have yet t…
    - 13 days ago, 12 Apr 18, 7:00am -
  • Israel to launch $275m digital health scheme
    The Israeli government's $275m digital health project will reenforce the country's status as a leader in the healthtech space, writes Olivia Azadegan.
    - 14 days ago, 11 Apr 18, 12:08pm -
  • Saudi Arabia opens domestic work agencies to FDI
    Saudi Arabia has authorised foreign investment in domestic workers’ recruitment agencies, though some say the system needs further reform. Sebastian Shehadi reports.
    - 19 days ago, 6 Apr 18, 12:13pm -
  • Morocco finance minister looks to bigger stability dividend
    North Africa has experienced a lot of political and social unrest in recent years, meaning that the relatively stable Morocco has emerged as a regional FDI hub. The country's minister of economy and finance, Mohamed Boussaid, tells Sebastian Shehadi…
    - 19 days ago, 6 Apr 18, 7:00am -

Financial Times: Middle East Home

IBT: Middle East

The Economist: Middle East and Africa

  • Mullahs rig the price of moolah in Iran

    Mullahs rig the price of moolah in Iran

    FOR the second time in as many months, Iran’s “dollar patrol” is on the streets. The country’s currency, the rial, has lost a third of its value on the black market since September. On April 9th it sank to a record low of 61,000 to the dol…
    - 6 days ago, 19 Apr 18, 10:48am -
  • Lebanon’s political system leads to paralysis and corruption

    Lebanon’s political system leads to paralysis and corruption

    IT IS difficult to escape the grip of religion in Lebanon. The rules that govern marriage, property rights and inheritance are administered by religious courts. Well-to-do secular Lebanese can fly to Cyprus to marry in civil ceremonies. But once b…
    - 6 days ago, 19 Apr 18, 10:48am -
  • Africa’s big carbon emitters admit they have a problem

    Africa’s big carbon emitters admit they have a problem

    AN HOUR east of Johannesburg, on the rolling highveld plains, six massive cooling towers sit around two belching smokestacks. The Kendal power station (pictured) is among the world’s largest, producing 4.1 gigawatts (GW) from burning coal. A few…
    - 6 days ago, 19 Apr 18, 10:48am -
  • How African governments try to control what is said online

    How African governments try to control what is said online

    You have the right to remain silentIN THE West, when celebrities post revealing videos on Instagram, they may find themselves mocked by tabloids and gossip websites. In Tanzania they can be arrested. On April 16th Diamond Platnumz, a Swahili rapp…
    - 6 days ago, 19 Apr 18, 10:48am -
  • Where Syria’s despot Bashar al-Assad is likely to strike next

    Where Syria’s despot Bashar al-Assad is likely to strike next

    IF THE cruise missiles that slammed into Syria on April 14th rattled President Bashar al-Assad, he did his best not to show it. Hours after America, Britain and France struck three facilities connected to Mr Assad’s chemical-weapons programme, h…
    - 6 days ago, 19 Apr 18, 10:48am -
  • Israel is determined to stop Iran from establishing bases in Syria

    Israel is determined to stop Iran from establishing bases in Syria

    Vlad, I’m disappointed in youIN THE early hours of April 9th Israeli fighter jets crossed into Lebanese airspace and fired a salvo of cruise missiles eastward. Their target was the T-4 military airbase in central Syria (see map on previous page…
    - 13 days ago, 12 Apr 18, 10:54am -
  • African governments are having doubts about their staple crop

    African governments are having doubts about their staple crop

    That’s not the way out“IT’S what our forefathers used to eat,” says Kennedy Kapami, a Zambian phone salesman, rolling a ball of stiff maize porridge in his fingers. Maize is the staple food in eastern and southern Africa, where in some co…
    - 13 days ago, 12 Apr 18, 10:54am -
  • Emiratis plough millions into a country that no one recognises: Somaliland

    Emiratis plough millions into a country that no one recognises: Somaliland

    THE ancient port town of Berbera in Somaliland, a breakaway state in northern Somalia, is generally a sleepy place. The heat, which can reach 50 degrees Celsius in the summer, stifles even the dogs. Yet visitors will find it buzzing at the moment.…
    - 13 days ago, 12 Apr 18, 10:54am -
  • Donald Trump and his advisers cannot agree on a Syria policy

    Donald Trump and his advisers cannot agree on a Syria policy

    BASHAR AL-ASSAD’S chemical attack on the town of Douma on April 7th has been widely condemned. But punishing Syria’s dictator is simpler than devising a coherent Syria policy. If Donald Trump orders a limited bombing campaign on Mr Assad’s p…
    - 13 days ago, 12 Apr 18, 10:54am -
  • Sierra Leone’s new president has made big promises

    Sierra Leone’s new president has made big promises

    JULIUS MAADA BIO wasted no time before being sworn in as president of Sierra Leone. Just an hour and a half after his narrow election victory was announced on April 4th, Mr Bio took the oath of office, forgoing the state house for a dimly lit room…
    - 13 days ago, 12 Apr 18, 10:54am -

WSJ: Middle East

  • newAid Groups Seek Billions to Help Syrian Civilians
    Aid agencies are seeking billions of dollars to help Syrian civilians cope with the devastation caused by a conflict that could worsen as rival foreign powers compete over diverging strategic interests in the war-ravaged country.
    - 22 hours ago, 24 Apr 18, 10:22am -
  • Inspectors Enter Syrian Site of Suspected Chemical Attack
    An international team was allowed into the Syrian town to investigate. Dozens of people were killed two weeks ago in the area.
    - 4 days ago, 21 Apr 18, 7:32pm -
  • OPEC, Russia Back Continued Oil Cuts, Drawing Trump Ire
    A group of some of the world’s biggest crude producers said they would keep a tight grip on output for the rest of the year, and perhaps into next, spurring President Donald Trump to call oil prices “artificially very high.”
    - 4 days ago, 20 Apr 18, 10:04pm -
  • Palestinians Clash With Military on Heels of Israel's 70th Birthday
    Palestinian protesters clashed with the Israeli military at the fence separating the Gaza Strip from Israel, calling for the right of refugees to return to what is now Israel a day after Israelis celebrated the 70th birthday of their nation.
    - 4 days ago, 20 Apr 18, 8:58pm -
  • First Saudi Movie Theater in Decades Opens With 'Black Panther'
    Saudi Arabia opens its first new cinema in 35 years this week, ushering in a historic change in a country where movie theaters were until recently widely seen as immoral and un-Islamic.
    - 6 days ago, 19 Apr 18, 3:23pm -
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