Category Archives: Investment

Skype Rebellion Met with High-Tech Listening

Skype was the method of choice for secure communications among anti-government organizers in Egypt during this past winter’s uprising, believing that Skype “cannot be penetrated online by any security device.” Government Listening However it turns out the protestors’ feelings of privacy were misplaced and Egypt’s security service was indeed listening in on their Skype conversations.… Continue Reading

IMF Says MENA Will Need $160 Billion In Coming 2 Years

The International Monetary Fund (IMF) prepared a report for the G8 summit which was held at the end of last week in Deauville, France which stated that the oil-importing nations in the MENA region (Middle East and North Africa) will need a boost of at least $160 billion of external funding to get them through… Continue Reading

World Bank Takes Optimistic View towards Mideast Upheaval

Long Term Positive Prospects The World Bank released a report on Tuesday saying that despite the short-term downward movement of Middle Eastern and Northern African economies, in the long run the world can expect to see positive movement in that region. The report is the World Bank’s regional economic update for May 2011 for the… Continue Reading

Egypt to Borrow $4 Billion from Saudi Arabia

Tantawi Announces Loan from Saudi Allies Field Marshal Mohamed Hussein Tantawi of Egypt told the official Egyptian press agency, MENA on Saturday that Saudi Arabia will lend Egypt emergency monies in the amount of $4 billion. Tantawi, who is the head of Egypt’s ruling military council said, “The $4bn will be distributed in the form… Continue Reading

European Bank Considering Expansion Into MENA

Despite the recent and ongoing turmoil in the Middle East and North Africa, the European Bank of Reconstruction and Development (EBRD) is considering expanding their business into the area. Bank Seeks Expansion into Middle East At present the bank supports projects in Eastern Europe and the former states of the Soviet Union, but yesterday they… Continue Reading

Hamas Ends Salafist Protest in Gaza City

Salafists- Islamists who are more conservative than Hamas- staged a protest in the Hamas-led Gaza strip on Saturday carrying posters of Osama bin Laden and chanting “We warn you America, we warn you Europe!” Hamas Stops Salafist Demonstration Hamas broke up the gathering of dozens of Salafists who were denouncing the raid by US forces… Continue Reading

Reaction to bin Laden Slaying Mixed in Middle East

As the Middle East continues to deal with instability and changing political realities a new element has been added into the mixture, with unclear results. The news of the death of Osama bin Laden was met with a large variety of responses from Middle East observers; from shock and anger, to satisfaction and delight. Saudi… Continue Reading

Gulf State Markets Continue to Rise

Regardless of the news or violence and tension coming out of the greater Middle East region, trading on the Gulf State Arab markets seem to be doing just fine, if the new highs reached last week can be any indication. Saudi Arabia companies posted positive first quarter earnings pushing the markets up, while the petrochemical… Continue Reading

Qatar Company Full Partner at Traditonal British Horseracing Event

Qipco Sponsoring British Champions Series The wealthy Gulf State of Qatar will have a key presence at one of England’s leading sports events this year as the Qatar International investment and Projects Development Holding Company (Qipco) has signed a “multi-million pound” title sponsorship deal with the British Champions Series. Karl Oliver, chief executive officer of… Continue Reading