MENA News Israel Builds World’s Biggest Detention Center Yomna Yasser Mar 10, 2012 0 Israel is to begin construction soon on a vast detention facility in the Negev desert to house the thousands of…
International News Somali Islamists attack Ethiopian Troops Administrator Mar 10, 2012 0 An offensive by Somalia’s Islamist al-Shebab fighters on Ethiopian troops on Saturday left many combatants dead,…
Banks StanBank’s Profit Rises 22% After Job Cuts Administrator Mar 8, 2012 0 Standard Bank Group Ltd (SBK)., Africa’s largest lender, said full-year profit rose 22 percent after the company…
Banks Al Baraka Bank Algeria Achieves 18% Growth in 2011 Net Income Administrator Mar 7, 2012 0 Al Baraka Bank Algeria, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced that it…
Financial Institutions Egypt eyes loans from 3 financial institutions to finance budget deficit, Faiza Abul Naga Administrator Mar 6, 2012 0 Dr. Faiza Abul Naga, minister of international cooperation, said that Egyptian government has requested loans in…
Banks AfDB invests USD 50m in Carlyle’s fund Administrator Mar 4, 2012 0 The Board of the African Development Bank (AfDB) approved an equity investment of USD 50 million into the Carlyle…
forex news UAE issues its first gold coin by end of this month Administrator Mar 4, 2012 0 Dubai Multi-Commodities Authority (DMCC) said that the UAE’s first gold coin -which was unveiled last year- will…
Industry & Trade Emirates Brings Economic Lift As New Seattle Service touches Down Yomna Yasser Mar 4, 2012 0 Emirates launched the first direct air bridge between the Middle East and America’s Northwest today, as its…
Banks Al-Futtaim borrows EGP 2 billion from 5 banks next April Administrator Mar 4, 2012 0 Al-Futtaim Group will borrow EGP 2 billion from 5 banks, the most important of which is the loan-arranger HSBC,…
Blogging Turkey: a new symbol for the lira Administrator Mar 1, 2012 0 Turkey has chosen a new symbol for its currency – and the country’s prime minister has lost no time in linking it…