Home » March 30th, 2012 Entries posted on “March, 2012”

Tunis Gets $100 Mln Debt Relief From Washington

The new Tunisian government will receive a $100 million grant donated by Washington to help the North African country pay off its debts. The U.S. financial assistance, which needs to be approved by the Congress, “will go directly to debt that Tunisia owes the World Bank and African Development Bank”, says Secretary of State Hillary […]

March 30th, 2012 | Posted in Headlines,World News | Read More »

Bahrain to offer 4G mobile services in 2013

Bahrain is planning to launch the fourth generation broadband services in 2013. International tenders for this mobile long-term evolution (LTE) services, or 4G, will be released shortly. LTE technology allows for more high speed downloads than in mobile networks. Three mobile operators are already working in Bahrain: these are Bahrain Telecommunications Co (Batelco), Kuwait’s Zain […]

March 29th, 2012 | Posted in Gulf News,Headlines | Read More »

Ankara & Washington Increase Aid To Syrian Opposition

Turkey and the United States have announced their intention to increase their logistic assistance to Syrian rebels, providing them with communications gear and medical supplies. According to some analysts, the disclosure of this “nonlethal aid”, which is expected to irk Moscow, might encourage other Western allies and “friends of Syria” to follow suit. As the […]

March 28th, 2012 | Posted in Headlines,World News | Read More »

Abu Dhabi investment firm injects $2bn in Brazil’s EBX Group

Mubadala Development Company, the Abu Dhabi-based investment firm, has injected $2 billion in Brazil’s EBX Group looking forward to diversifying and expanding activities in the growing South American market. In exchange for this investment, Mubadala acquires 5.63 pc stakes in the Brazilian conglomerate and its various subsidiaries. The EBX group, founded by Brazilian tycoon Eike […]

March 27th, 2012 | Posted in Finance,Headlines | Read More »

Arab Gulf Countries Oil & Gas Reserves Worth $ 65trn

The crude & gas reserves of the Arab Gulf countries are estimated $65 trillion, or one third of the overall world hydrocarbon reserves, says QNB Capital in its latest analysis. The GCC oil & gas reserves represent 93 pc of global GDP. Iraq and Iran account for 23 pc of the world’s hydrocarbon reserves, or […]

March 26th, 2012 | Posted in Energy,Headlines | Read More »

Egypt sells land to raise funds & reduce deficit

Egyptian financial authorities are planning to sell plots of land in a bid to raise as much as $15 billion to help reduce budget deficit expected to reach this year $ 23.9 billion, about 8.7 pc of GDP of the North African country. Egypt deficit has worsened lately because of the social and political turmoil […]

March 23rd, 2012 | Posted in Finance,Headlines | Read More »

Riyadh To Arm Syrian Opposition Fighters?

Saudi Kingdom, world’s major oil producer and exporter, has decided to arm and help Syrian fighters stand up the brutal crackdown of the regime of president Bachar Al Assad, according to an Arab diplomat. “Saudi military equipment is on its way to Jordan to arm the Syrian opposition fighters”, adds the diplomat on condition of […]

March 22nd, 2012 | Posted in Gulf News,Headlines | Read More »

Lebanon’s women entrepreneurs to have better access to finance

Women entrepreneurs in Lebanon, especially those owning smaller businesses, will have a better access to financial services thanks to the support provided by the International Finance Corporation (IFC) through an agreement signed with BLC Bank. The IFC says it will help the Lebanese bank launch new products for small and medium enterprises, and services tailored […]

March 21st, 2012 | Posted in Finance,Headlines | Read More »

Iraq: At least 46 people killed in series of bombings & shootings

At least 45 people were killed and more than 200 injured in a series of car bombings and shootings that rocked Tuesday several regions of Iraq. These coordinated attacks, which occurred in Baghdad, Hillah, Karbala and Kirkuk and other cities, targeted security forces, government officials and buildings. The blasts and upsurge of violence show the […]

March 21st, 2012 | Posted in Headlines,World News | Read More »

Qatar mulls investing over $ 130 Mln in Bulgaria

Qatar is planning to inject over $ 130 million in Bulgaria and namely in the sectors of agriculture, tourism and infrastructure. These Qatari investment projects were unveiled at a meeting held between Prime minister Sheikh Hamad Bin Jassim Al Thani and Bulgarian peer Boyko Borisov. According to Bulgarian media, the Qataris are also interested in […]

March 20th, 2012 | Posted in Finance,Headlines | Read More »