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Arab News: Economy

  • newINTERVIEW: Sam Darwish, Group CEO at IHS Towers - the accidental engineer who found his calling

    INTERVIEW: Sam Darwish, Group CEO at IHS Towers - the accidental engineer who found his calling

    Sat, 2019-05-25 23:38For some, student survival means merely coasting along at university in the hope of bagging a 2.1, as well as invites to as many parties as possible.For telecoms executive Sam Darwish, however, survival took on a more litera…
    - 7 hours ago, 25 May 19, 4:42pm -
  • newWEEKLY ENERGY RECAP: Oil sees big weekly loss as Iran struggles to store crude

    WEEKLY ENERGY RECAP: Oil sees big weekly loss as Iran struggles to store crude

    Author: daniel fountainID: 1558816357133808400Sat, 2019-05-25 23:51RIYADH: Oil prices ended last week with the biggest weekly losses of the year. Brent fell below the $70 psychological barrier to $68.69 a barrel, while WTI dropped under $60 to $5…
    - 7 hours ago, 25 May 19, 4:33pm -
  • newChina’s crude oil imports from Saudi Arabia up 43%

    China’s crude oil imports from Saudi Arabia up 43%

    Author: Zaynab KhojjiID: 1558780370080338200Sat, 2019-05-25 13:32BEIJING: China’s crude oil imports from Saudi Arabia rose 43 percent in April, making the Middle Eastern OPEC kingpin once again the top supplier to the world’s second-biggest e…
    - 17 hours ago, 25 May 19, 6:34am -
  • newAirbnb launches Arabic platform

    Airbnb launches Arabic platform

    Author: Sat, 2019-05-25 11:36Home rental company Airbnb launched an Arabic version of its global platform this week, in a bid to strengthen its presence in the Middle East and North Africa markets.The US-based home-sharing company, which has ov…
    - 19 hours ago, 25 May 19, 4:39am -
  • US-Saudi business council reports $13bn in contracts

    US-Saudi business council reports $13bn in contracts

    Fri, 2019-05-24 23:29LONDON: The value of joint Saudi-US contracts rose to $13 billion in the first quarter of 2019, according to a business council report.That marked the highest value of awarded contracts since the first quarter of 2015, the…
    - 1 day ago, 24 May 19, 4:44pm -
  • Telecoms tower company IHS plans ‘up to 30,000’ sites in Saudi Arabia

    Telecoms tower company IHS plans ‘up to 30,000’ sites in Saudi Arabia

    Fri, 2019-05-24 23:16LONDON: Telecoms tower company IHS plans to operate up to 30,000 masts in Saudi Arabia within the next five years, as part of a growth strategy in a country it sees as the “pulsating heart” of the Arab world.The Mauriti…
    - 1 day ago, 24 May 19, 4:26pm -
  • Foreign investors hope India dials back policy shocks after Modi win

    Foreign investors hope India dials back policy shocks after Modi win

    Author: ReutersID: 1558691393992292000Fri, 2019-05-24 09:42NEW DELHI: Foreign companies in India have welcomed Prime Minister Narendra Modi’s election victory for the political stability it brings, but now they need to see him soften a protecti…
    - 2 days ago, 24 May 19, 5:59am -
  • Moody’s downgrades Nissan’s credit rating, citing weak sales in US

    Moody’s downgrades Nissan’s credit rating, citing weak sales in US

    Author: ReutersID: 1558687151522017000Fri, 2019-05-24 08:30TOKYO: Moody’s cut its rating on Nissan by one notch on Friday, citing weak sales in the United States and casting a shadow on the Japanese automaker’s move to improve its business fo…
    - 2 days ago, 24 May 19, 4:43am -
  • China media accuses US of plot to ‘colonize global business’

    China media accuses US of plot to ‘colonize global business’

    Author: Associated PressID: 1558681295951785900Fri, 2019-05-24 06:56BEIJING: China’s state media has unleashed fresh attacks on the US as the tariff war between world’s two largest economies continues.The China Daily newspaper on Friday acc…
    - 2 days ago, 24 May 19, 3:44am -
  • Regulators fail to set date for Boeing 737 MAX return to service

    Regulators fail to set date for Boeing 737 MAX return to service

    Author: AFPID: 1558678096291686200Fri, 2019-05-24 06:04FORT WORTH, United States: Civil aviation regulators from around the world failed to make a determination Thursday on when Boeing’s popular 737 MAX aircraft can return to the skies after be…
    - 2 days ago, 24 May 19, 2:12am -

fDiIntelligence: Middle East & Africa

  • A mixed bag for Mideast and African FDI in 2018
    FDI project numbers and capital investment both saw increases in the Middle East and Africa as a region in 2018, although results were uneven on an individual basis, finds fDi Intelligence.
    - 4 days ago, 22 May 19, 4:48am -
  • Tourism FDI takes off
    Greenfield FDI in the hotels and tourism sector had a bumper year in 2018, with huge increases in project numbers and capital investment, finds The fDi Report 2019.
    - 4 days ago, 21 May 19, 11:41am -
  • Nakheel pushes ‘affordable luxury’ in Dubai
    Nakheel, one of Dubai’s leading real estate developers, is diversifying to keep up with an evolving tourism climate and changing consumer preferences. Alex Irwin-Hunt & Sebastian Shehadi report.
    - 30 days ago, 26 Apr 19, 8:06am -
  • WFZO: Dubai home to 17.5% of mid-east free zones
    The Middle East is now the fourth largest free zone host region in the world, says the World Free Zones Organization. Sebastian Shehadi reports.
    - 32 days ago, 24 Apr 19, 10:31am -
  • Israel sees rising Chinese FDI
    Israel is balancing increased Chinese investment with US suspicions surrounding Chinese tech. Sebastian Shehadi and Joel Shapson-Coe report.
    - 32 days ago, 24 Apr 19, 9:58am -
  • Mining overhaul fails to dent Tanzania's investment appeal
    Despite the government's drastic reform of its mining laws, Tanzania has retained an allure to foreign investors, helped in no small part by the country's thriving economy and abundance of natural resources. Jason Mitchell reports.
    - 34 days ago, 22 Apr 19, 11:16am -
  • Will political tensions put Côte d'Ivoire's recovery at risk?
    Côte d’Ivoire's economy has been booming in recent years, and the investors have been flocking in. However, elections in 2020 bring with them the potential to shake the country's stability, as Adrienne Klasa reports.
    - 34 days ago, 22 Apr 19, 11:15am -
  • Malawi finance chief hopes for marketing push
    Finance minister Goodall Gondwe tells Jason Mitchell that Malawi needs to step up its marketing efforts to realise its full FDI potential and make the most of its abundant natural resources. 
    - 38 days ago, 18 Apr 19, 7:00am -
  • Minister of investment looks to unlock Botswana
    Botswana is a small, landlocked African country, making it a difficult sell to investors. However, as minister of investment Bogolo Joy Kenewendo tells Adrienne Klasa, its moves to diversify its mineral-rich economy will open up a swathe of opportuni…
    - 38 days ago, 18 Apr 19, 7:00am -
  • View from Middle East & Africa: getting equipped for Industry 4.0
    Educating local talent, investing in regional start-ups and financing domestic R&D facilities are crucial to the Middle East and Africa's successful Industry 4.0 strategy, writes Mazdak Rafaty. 
    - 38 days ago, 18 Apr 19, 7:00am -

Financial Times: Middle East Home

IBT: Middle East

The Economist: Middle East and Africa

  • How can Uganda export so much more gold than it mines?
    DEEP IN PITS hewn from the earth dozens of teenage boys slam their hammers into the rock. Other men pan the crushed ore by hand in tubs filled with water and mercury. Uganda does not have many gold mines and most, like this one in Busia, in the east…
    - 3 days ago, 23 May 19, 10:52am -
  • The lessons of Bahrain, a state that tried to wean itself off oil
    THE ORANGE helmets are a burst of colour in the desert, where drab aluminium potlines stretch for almost a mile across the sands. Workers at Alba, Bahrain’s aluminium smelter, are finishing a $3bn expansion. A country of just 1.5m people will soon…
    - 3 days ago, 23 May 19, 10:52am -
  • Congo’s new president, Félix Tshisekedi, does not call the shots
    VENDORS SELLING mobile-phone airtime and money-changers swinging bags of Congolese francs mill around beneath a billboard in Kinshasa that reads “Kabila forever”. It reminds people that Joseph Kabila, who stepped down in January as president of t…
    - 3 days ago, 23 May 19, 10:52am -
  • The Kurds are creating a state of their own in northern Syria
    THE KURDS have their own name for northern Syria: Rojava, which means where the sun sets. For decades that seemed fitting. Arab nationalists pushed them off their land and suppressed their language. Then came the jihadists of Islamic State (IS). War…
    - 3 days ago, 23 May 19, 10:52am -
  • Arab states waste heaps of food during Ramadan
    AS MUSLIMS HAVE for centuries, Ahmed Toufiq broke his Ramadan fast by nibbling a date while the call to prayer echoed across the Nile. Then he turned to the heaped plates in front of him. He made short work of a fragrant lentil soup, but his pace sl…
    - 4 days ago, 21 May 19, 2:18pm -
  • In Rwanda, farming competently is not enough
    BY AFRICAN STANDARDS, Rwanda is an agricultural success story. Yields of bananas, beans, cassava and maize—the four main crops by land area—have all risen substantially since the turn of the century. Over the five years to 2017, the country’s m…
    - 10 days ago, 16 May 19, 11:13am -
  • Tensions between America and Iran worsen
    WHEN DONALD TRUMP hired John Bolton to be his national security adviser, he reportedly joked that the mustachioed hawk was “going to get us into a war”. It is easy to see why. When serving under George W. Bush, Mr Bolton embellished intelligence…
    - 10 days ago, 16 May 19, 11:13am -
  • South Africa’s election results reflect widespread disillusion
    “THIS IS A vote that reminds us of 1994,” said Cyril Ramaphosa as he cast his ballot on May 8th in Soweto, a township on the edge of Johannesburg. According to South Africa’s president, voters “were just as excited as this” 25 years ago. If…
    - 10 days ago, 16 May 19, 11:13am -
  • Why people in Senegal pay a fortune for fancy sheep
    “IF I HAD $100,000, I’d spend it all on sheep,” says Abib Seck, a sheep-dealer. Such enthusiasm is not unusual in Senegal. People there adore sheep. Not only are they delicious, they can also be status symbols. Every year during Tabaski, a reli…
    - 10 days ago, 16 May 19, 11:13am -
  • Russia’s military gamble in Syria is paying off handsomely
    THE GREAT victory train clattered across eight time zones and back before groaning into a military-exhibition ground outside Moscow last month. It pulled car after car of trophies from Syria, as well as wagonloads of patriotism and conspiracy theori…
    - 13 days ago, 12 May 19, 6:42pm -

WSJ: Middle East

  • Pompeo's Visit to Israel Seen as Election Boost to Netanyahu
    U.S. Secretary of State Mike Pompeo arrived in Israel to discuss threats the country faces from Iran and its allies, a visit that buttresses Prime Minister Benjamin Netanyahu’s campaign message as he seeks to win a fifth term in April 9 elections.
    - 66 days ago, 20 Mar 19, 8:39pm -
  • Trump Says Islamic State About to Lose Its Last Hold on Syrian Land
    President Trump said the Islamic State extremist group would suffer its final territorial defeat by the evening, a prediction that came as U.S.-backed local fighters in Syria said the battle had entered its final stages.
    - 66 days ago, 20 Mar 19, 7:05pm -
  • Hard-Core ISIS Members Carry Ideology From Crushed Caliphate
    A hardened core committed to Islamic State’s mission raises questions about the totality of the group’s defeat even as it loses almost all its territory and its less committed members fall away.
    - 68 days ago, 19 Mar 19, 4:10am -
  • Iraq to Open Vital Border Crossing With Syria
    Iraq plans to open a vital border crossing with Syria in the coming days, allowing for the increased flow of goods to Syria from Iran along a route the U.S. worries would ease Tehran’s transport of weapons to its allies.
    - 68 days ago, 18 Mar 19, 6:03pm -
  • Netanyahu's Top Challenger Is Struggling After Early Surge in Polls
    Benny Gantz, a first-time politician who has emerged as the biggest threat to Israeli Prime Minister Benjamin Netanyahu’s re-election, has begun to stumble under the glare of national attention and is struggling to maintain his campaign’s momentu…
    - 68 days ago, 18 Mar 19, 4:31pm -
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