Category Archives: Regional

Current Investment Climate in Arab Countries

According to the Arab Institute for Investment Guarantee and Credit Export 2010 report, 18 Arab states acquiesced approximately $64.3bn worth of investments compared to $83.9bn the year before.  In addition, it was confirmed in the report that the foreign direct investment flows the Arab countries received went down by $19.7bn.  According to a news report… Continue Reading

Sales Soar in Middle East for General Motors

The giant car manufacturer General Motors posted a rise of 22% in sales during the first half of the fiscal year, throughout the Middle East, in comparison to the same time-frame last year. Total car sales were reported to be 67,624 for the region. GM Sales Soaring Sales are recorded at the dealer outlets which… Continue Reading

Israel Clashes with Protesters on Syrian Border

Despite several warnings from Israeli troops to stay away from the border, hundreds of pro-Palestinian demonstrators stormed the fence on Sunday until Israeli troops fired across the Syrian frontier, scattering the crowd in a panic. Syrian television is reporting at least four dead, including a 12-year-old boy, and 15 wounded, with the number of dead… Continue Reading

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