June 30, 2014
Evidently, the extended maturity will provide a pricing benchmark for longer-tenor sukuk and energize an alternative venue for financing infrastructure projects.
Boosted by aid worth billions of dollars from Gulf Arab countries after Sisi deposed Islamist president Mohamed Morsi last July, Egypt’s 2013/14 budget deficit was set to shrink to around 11 per cent of GDP from some 14 per cent the year before.
The escalation of violence in Iraq threatens investments in one of the world’s most important oil reserves, as Iraq was expected to become the world’s largest oil exporte
June 29, 2014
Whether the decision allowing the export of ultralight, condensate, marks the beginning of the end of the ban on American crude oil exports or not is being debated ferociously within the energy fraternity.
In the Gulf, there is a hybrid case in the operations of sovereign wealth funds, which plainly are governmental, but are viewing the international markets with this same awareness and considerable dependency.
With such massive untapped potential, the Gulf’s Arab countries are now joining hands to promote the region as a winter cruise destination
The level of credit card penetration in Egypt remains low despite its worldwide presence.
With an economy worth $210 billion – the country is being torn apart before their very eyes, while its wealth is being set on fire.
June 26, 2014
The urban development plan, requested by President Abdelaziz Bouteflika, aims to transform several kilometers of coastline that years of industrial development have prevented residents from appreciating.
Exponential value growth has made buying a property a near difficult proposition for the majority of end-users.
FDI flows to transition economies recorded a 28 percent increase, to $108 billion. But FDI flows to Kuwait are estimated to have decreased by 41 percent in 2013.
Proponents of the curse believe that each time someone somewhere builds a tower taller than the existing tallest, it is an omen pointing to an impending crisis.
June 25, 2014
Wrong for so many moral and amoral reasons: why state spending on illegal settlements is even bothering Israelis themselves
Unpublished official data reviewed by Reuters suggests state spending on settlers rose by a third after Netanyahu took office in 2009 and critics complain that the cost of settlements has long remained hidden in thickets of budgetary convolution.
The short answer is exactly the same if we ask ‘Does everyone need a dentist?’ No, but you are probably better off with professional help than without it.
Is it a matter of corruption or waste at the NSSF? The public prosecution of the Audit Bureau will have the answer soon, after its investigations of two issues - forging quittances and travel to Geneva - are over.