Leading News Source For Middle East
The UAE Wednesday announced the launch of Last Mile Fund, a new $100-million fund to combat neglected tropical diseases (NTDs) mainly River blindness and Tlymphatic filariasis, which affect millions of lives around the world, but in Africa and in the Read more
The economies in the region of North Africa & Middle East will grow by 2.6 percent in 2017, down from 3.5 pc posted in 2016, according to the World Bank’s semi-annual MENA Economic Monitor report. But after 2017, thanks to Read more
The World Bank has approved the second phase of its $3 billion loan to Egypt, disbursing another $1 billion part of its support to the North African country’s “ambitious program of reforms with a strong focus on job creation and Read more
An overnight rainfall in Qatar brought daily activities to a halt, unveiling flawed projects and prompting Prime Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani, angered by the extent of the flooding, to order an inquiry into the conformity of Read more
The Iraq government and the World Bank signed on Sunday an agreement allocating the Iraqi government $350 million loan destined for rebuilding cities taken back from ISIL. The Word Bank loan will help the Iraqi government, which is facing an Read more
Arab Finance Ministers and Representatives of Arab financial institutes met in Kuwait on Tuesday and adopted a number of decisions aimed at improving the economies of Arab countries through reforms and means of having important roles in global financial and Read more
Governor Riad Salameh of the Lebanese Central Bank has stated that the country’s financial and economic outlook is stable despite the turbulences that are marring the Middle East. He gave such assurances after a meeting with officials of the International Monetary Read more
Understanding SME Financing Mechanism is the title of the latest report to dwell on the challenges faced by Small and Medium sized Enterprises (SMEs) and means of overcoming them. The report was released by Dubai Economic Council and some of Read more
Qatar has come to the aid of the Palestinians with a multimillion dollar package to revive the economy which has shrunk for the first time in 10 years. Public services have been shut off and salaries have been unpaid for Read more
A stake of 6.6% has been acquired by a Jordanian private equity firm in the Jordan Dubai Islamic Bank (JDIB). The private equity firm known as Foursan Group has now taken over as the second largest stakeholder in the bank. Read more