Search Results for: saudi arabia⊂mit=Search

BY PAUL COCHRANE

MOROCCO’S 150,000 tonnes per year decorative paint market, worth Moroccan Dirham (MAD) 2 billion (GBPounds 157.4 million), grew by an estimated 5 to 8% in 2008, but plunged by 30% in December in the wake of the financial crisis, according to paint manufacturer Hempel Morocco (NOTE – SPELLING IS CORRECT).…

By Paul Cochrane

With the end of the summer holidays, children and young people across the Middle East and North Africa (MENA) once again donned uniforms, packed satchels and headed to school, amounting to more than a quarter of the region returning to class.…

BY KEITH NUTHALL

THE INTERNATIONAL Monetary Find has praised anti-recession strategies amongst Middle East and north Africa oil and gas exporting countries. It said using "reserve buffers for countercyclical spending by [Algeria, Bahrain, Iran, Iraq, Kuwait, Libya, Oman, Qatar, Saudi Arabia, Sudan, United Arab Emirates and Yemen] mitigated the impact on their own economies and generated positive spillovers for neighbours."…

BY KEITH NUTHALL

A DETAILED European Commission report has listed trade barriers impeding European Union (EU) automobile, parts and components sales imposed to protect export market industries from the recession. Brussels fears that while these restrictions were designed to help vulnerable businesses survive the recession, they could cause long-term damage to Europe’s auto manufacturers.…

BY PAUL COCHRANE

IN the Persian Gulf, the traditional dress of the ‘dishdasha’ or ‘thobe’ is still a staple of most men’s wardrobes. In the region’s short, three- to four-month winter the typically white cotton dishdasha is replaced by light wools and cashmere dishdashas, with the season’s trend influenced by the Gulf’s monarchical rulers.…

BY KASHMIR HILL

TEXAS financier R Allen Stanford built an US$8.5-billion Caribbean banking empire catering to 30,000 customers in 131 countries, but this year Stanford was indicted for swindling those investors in a massive, ongoing fraud. The US government is calling it a Ponzi scheme that defrauded investors of US$7 billion, making it the second largest of the era after Bernie Madoff’s.…

BY KEITH NUTHALL

THE INTERNATIONAL Finance Corporation (IFC) of the World Bank is to advise on improving the operation of the Maldives’ Malé airport, hoping to attract private investors willing to run the country’s national hub. In a communiqué, the IFC said it would help the government-owned "Maldives Airport Company Limited attract private investors…" It would structure an operating company that could be privatised "and develop a tariff framework and an appropriate investment plan."…

BY PAUL COCHRANE

OVER the past five years steel production has struggled to keep pace with demand in the Gulf, particularly the United Arab Emirates (UAE), as hundreds of billions of dollars worth of construction projects sprung up in the desert.…

By Emma Jackson

The University of Michigan’s library has partnered with Booksurge, the print-on-demand service owned by Internet retailer Amazon Inc., to make thousands of rare and out-of-print books available for one-off printing through digitisation.

Customers will be able to browse over 400,00 titles on Amazon.com,…

BY KEITH NUTHALL

THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is to help Saudi Arabia create a public-private partnership to build a new terminal at Prince Mohammed bin Abdulaziz International Airport, Medina. The airport is a key gateway for the annual Moslem Haj pilgrimage, and has long been the focus of Saudi Arabia’s General Authority of Civil Aviation plans to boost transport to this major religious event.…