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Arab News: Economy

  • Costa 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…
    - 55 days ago, 25 Apr 18, 7:52am -
  • Italian 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…
    - 55 days ago, 25 Apr 18, 7:22am -
  • Online 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…
    - 56 days ago, 25 Apr 18, 5:37am -
  • Total 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…
    - 56 days ago, 25 Apr 18, 5:34am -
  • Industry-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…
    - 56 days ago, 25 Apr 18, 3:28am -
  • Iraq’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…
    - 56 days ago, 25 Apr 18, 3:06am -
  • Global 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…
    - 56 days ago, 25 Apr 18, 2:42am -
  • Global 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…
    - 56 days ago, 25 Apr 18, 12:51am -
  • India’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…
    - 56 days ago, 25 Apr 18, 12:35am -
  • Saudi-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…
    - 56 days ago, 24 Apr 18, 5:36pm -

fDiIntelligence: Middle East & Africa

  • DRC’s minister of planning builds up energy
    Modeste Bahati Lukwebo, minister of Planning for the Democratic Republic of Congo, tells Sebastian Shehadi about the country's vast renewable energy potential, privatisation programme and need for infrastructure investment.  
    - 4 days ago, 15 Jun 18, 11:50am -
  • One Africa Place gives Nairobi a foundation to build on
    The building of the One Africa Place development in the Kenyan capital of Nairobi is, its backers say, the first grade A project in east Africa. It is also, as Wendy Atkins reports, a vote of confidence for a country and region that have a turbulent…
    - 5 days ago, 14 Jun 18, 7:00am -
  • Palestinian entrepreneur looks to fund his Rawabi vision
    One of Palestine’s wealthiest businessmen, Bashar Masri, has built a city – Rawabi – from scratch in the West Bank, valued at $1.5bn. But misperceptions are widespread and the historic project needs more FDI, as he explains to Sebastian Sheh…
    - 11 days ago, 8 Jun 18, 7:00am -
  • View from Middle East and Africa: Who will follow Kenya's decentralising lead?
    Decentralisation is the only way to boost second-tier cities and relieve pressure on countries’ overpopulated and overstretched capital mega-cities, says Mazdak Rafaty.
    - 11 days ago, 8 Jun 18, 7:00am -
  • Jordanian PM resigns but FDI likely to remain stable
    Ongoing protests in Amman have led Jordanian prime minister Hani Al-Mulki to step down but FDI inflows are likely to remain stable – for now. Sebastian Shehadi reports.
    - 14 days ago, 6 Jun 18, 5:29am -
  • Ghana aspires to a diverse economy
    Newly discovered oil has contributed to Ghana being heralded as one of the fastest-growing economies in the world. However, as Timothy Conley reports, the country has reacted cautiously by implementing measures to protect itself against the consequen…
    - 20 days ago, 31 May 18, 5:48am -
  • Nigeria’s trade minister on win-win FDI partnerships
    Okechukwu Enelamah, Nigeria’s minister of industry, trade and investment, tells Sebastian Shehadi about the country’s huge demand for infrastructure and the importance of mutually beneficial FDI.
    - 26 days ago, 24 May 18, 7:58am -
  • Palestine's quest for greenfield FDI
    In recent years, the Palestinian economy has become synonymous with foreign aid, political instability and conflict with Israel. However, as Timothy E Conley reports, the territory is striving to shed this reputation in its quest for greenfield inves…
    - 28 days ago, 22 May 18, 7:18am -
  • UAE’s milestone law will give foreign investors total ownership
    An eagerly anticipated legal change will soon enable foreign investors to own 100% of their assets in the United Arab Emirates, which is hoping the move will boost FDI. Sebastian Shehadi reports.
    - 32 days ago, 18 May 18, 7:42am -
  • Can Europe-Iran relations withstand US withdrawal from JCPOA?
    European investment into Iran has been on the rise since the signing of a multilateral agreement with the country over its nuclear programme. Can this developing FDI relationship survive the US’s withdrawal from the deal, and will Asian investors s…
    - 40 days ago, 10 May 18, 7:43am -

Financial Times: Middle East Home

IBT: Middle East

The Economist: Middle East and Africa

  • Why Arab states have lots of expensive villas

    Why Arab states have lots of expensive villas

    THE billboards almost seem to taunt motorists crawling through traffic below. They hawk luxurious town houses and villas with sumptuous pools in compounds that sound like Californian suburbs: Palm Hills, Eastown, Allegria. “Welcome to the greene…
    - 5 days ago, 14 Jun 18, 11:09am -
  • Congo’s Kabila chases an unconstitutional, unpopular re-election

    Congo’s Kabila chases an unconstitutional, unpopular re-election

    A veteran of two types of campaignLAST month residents of Binza Delvaux, a neighbourhood of Kinshasa, the lively capital of the Democratic Republic of Congo, awoke to discover a huge poster in the local market. It showed Congo’s president, Jose…
    - 5 days ago, 14 Jun 18, 11:09am -
  • The battle begins for Hodeida, Yemen’s lifeline

    The battle begins for Hodeida, Yemen’s lifeline

    THE war in Yemen has entered what may be a decisive phase. Early on June 13th convoys of Yemeni fighters, backed by Saudi Arabia and the United Arab Emirates (UAE), advanced north along the coast towards Hodeida. The city is held by the Houthis, S…
    - 5 days ago, 14 Jun 18, 11:09am -
  • Burnt votes and an election recount might plunge Iraq into crisis

    Burnt votes and an election recount might plunge Iraq into crisis

    Voters’ wishes to ashesWHAT would politicians the world over like to do when they lose an election? Annul the results and burn the ballots, of course. In Iraq such dreams come true. On June 6th outgoing MPs voted to hold a recount of Iraq’s e…
    - 5 days ago, 14 Jun 18, 11:09am -
  • Of 100 African football officials offered cash, only three declined

    Of 100 African football officials offered cash, only three declined

    “FOR shopping,” says a man, laying $65,000 on a table. “Thank you,” says Kwesi Nyantakyi, the president of the Ghana Football Association, scooping it into a plastic bag. The bribe was a set-up, secretly filmed for a documentary by Anas Ar…
    - 5 days ago, 14 Jun 18, 11:09am -
  • In Tanzania, getting impregnated also means getting expelled from school

    In Tanzania, getting impregnated also means getting expelled from school

    MARY (not her real name) was 16 when she became pregnant. The father sold chips by the road near her home in northern Tanzania. She felt special when he gave her money. But when her belly swelled, he ran off. At school she was caned in front of te…
    - 5 days ago, 14 Jun 18, 11:09am -
  • Ethiopia’s new prime minister wants peace and privatisation

    Ethiopia’s new prime minister wants peace and privatisation

    THE speed of events caught Ethiopians off guard. When Abiy Ahmed took office as prime minister on April 2nd he did so as the head of a deeply divided ruling coalition. The inexperienced 42-year-old, who came from the Oromo wing of the ethnically b…
    - 12 days ago, 7 Jun 18, 10:45am -
  • Yemen’s main port could become the next battleground

    Yemen’s main port could become the next battleground

    YEMENI forces backed by Saudi Arabia and the United Arab Emirates (UAE) have been on a roll lately. Over the past month the coalition has pushed 80km north (see map), repelling the Houthis, a group of Shia rebels that chased the government out of…
    - 12 days ago, 7 Jun 18, 10:45am -
  • Ely Calil, backer of a farcical coup plot, died on May 28th

    Ely Calil, backer of a farcical coup plot, died on May 28th

    Mr Calil, dapper and brazenTHE sudden, violent death of a man who had prospered for decades from oil brokering in Africa is not necessarily suspicious. Ely Calil was Nigerian-born, of Lebanese descent, and well known to African presidents, Europe…
    - 12 days ago, 7 Jun 18, 10:45am -
  • The calculations of Muhammad bin Salman

    The calculations of Muhammad bin Salman

    THE holy month of Ramadan used to be an occasion for royal amnesties in Saudi Arabia. But instead of granting pardons, Muhammad bin Salman, the crown prince and power behind the throne, has added to the 2,000 or so political prisoners detained sin…
    - 12 days ago, 7 Jun 18, 10:45am -

WSJ: Middle East

  • Saudi Coalition Enters a Key Airport in Yemen
    Yemeni troops backed by a Saudi-led coalition entered the airport of Yemen’s most important port city late Friday, dealing a blow to Iran-backed Houthis there and moving closer to their goal of seizing the strategic city.
    - 4 days ago, 15 Jun 18, 7:12pm -
  • Yemeni Coalition Forces Pound Rebel-Held Positions Near Port
    Yemeni forces backed by a Saudi-led military coalition advanced toward Yemen’s main port despite resistance from Houthi rebels who control the city and pleas by the U.N. to halt the battle.
    - 5 days ago, 14 Jun 18, 10:04pm -
  • Yemeni Forces, Backed by Saudi-Led Coalition, Launch Attack on Port
    Yemeni forces, backed by a Saudi-led military coalition, launched an assault on Yemen’s most important port, despite efforts by the U.N. to broker a deal to avert a battle it said could trigger a humanitarian crisis.
    - 5 days ago, 14 Jun 18, 9:32am -
  • Why the Saudi-Led Coalition Is Pushing Its Assault in Yemen
    Yemeni forces have begun an assault on Hodeidah, the country’s most important port, in what could be a turning point in Yemen’s more than three-year-old war.
    - 5 days ago, 14 Jun 18, 9:15am -
  • U.S. Deepens Role in Yemen Fight With Airstrike-Target Help
    The U.S. military is providing its Gulf allies with intelligence to fine-tune their list of airstrike targets in Yemen’s most important port, one sign of the Trump administration’s deepening role in a looming assault that the United Nations says…
    - 7 days ago, 12 Jun 18, 8:36pm -
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