Friday 19 December 2014
 
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Arab Spring

Tunisians vote for new parliament

Tunisians voted on Sunday in parliamentary elections that bring full democracy finally within their reach, four years after their uprising cast out autocrat Zine El-Abidine Ben Ali. Tunisia has fared better than its neighbours who

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Makkah gold sales down over Arab Spring woes

Saudi Arabia's retail gold merchants used to look forward to brisk sales during the annual hajj pilgrimage to Makkah but lingering economic hardships since the Arab Spring have left shops eerily empty this year, retailers said.

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US private equity firm Carlyle eyes Mena deals

The Middle Eastern investments of US private equity firm Carlyle have benefited from a rise in government spending since the Arab Spring uprisings, a top official said, adding the company would also start looking at deals in North Africa.

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Japan to lend Tunisia $480m

Japan has agreed to lend Tunisia 750 million dinars ($480 million) to support the transition to democracy in the North African country where the Arab Spring began, the deputy foreign minister said on Tuesday. The money, which will

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Business recovering across region: Al Baraka

Bahrain-based Islamic lender Al Baraka expects at least 15 percent growth in net profit this year as its business recovers across a region hit by the Arab Spring unrest, its chief executive said. The growth will also be fuelled by

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Solid growth in GCC, other Mena states struggle

The ongoing challenges in countries undergoing transition – including Egypt, Jordan, Libya, Morocco, Syria, Tunisia and Yemen – will continue to affect economic performance in the Mena region, according to a report. Al

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Saudi to dominate oil scene in years to come

Ever since 2011, Brent oil has been trading at above $100 per barrel and, had it not been to Saudi Arabia’s intervention to step up production, prices would have been much higher. Like any other commodity, global price of oi

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Qatar signs $1.25bn Morocco aid deal

Qatar and Morocco have signed an aid deal worth $1.25 billion, part of a five-year package of financial assistance extended by wealthy Gulf states to the North African kingdom to help it weather 'Arab Spring' protests. Fou

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Swiss extend freeze on Arab Spring assets

Switzerland will block assets held by the toppled former presidents of Tunisia and Egypt for a further three years to give the two countries more time to investigate the origins of the money, the Swiss government said. Around 700

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Egypt is worst Arab state for women, Comoros best

Sexual harassment, high rates of female genital cutting and a surge in violence and Islamist feeling after the Arab Spring uprisings have made Egypt the worst country in the Arab world to be a woman, a poll of gender experts showed on Tuesday.

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