Mena

Finance

Saudi Arabia’s economic reforms are not attracting investors

DRIVE AROUND Riyadh and Saudi Arabia’s economy looks vibrant. Malls in the capital are crowded with shoppers and staff. Young people are eager to spend money on entertainment now that the once-feared religious police are off the streets. The city feels like a building site, with workers breaking ground on new hotels and shopping centres. The...

Unlike other Arab regimes, Tunisia’s remembers old crimes

He hasn’t forgotten AN ARABIC PROVERB holds that “what is past is dead.” Eight years after the Arab spring most Arab regimes treat these words as policy. Though Egypt prosecuted a few ministers from Hosni Mubarak’s era, the ex-dictator is enjoying a placid retirement. The abuses of the current regime, which massacred hundreds of its own...

Why did Nigeria ban UNICEF?

EVEN AT THE best of times Nigeria is awash with speculation. Ask otherwise sensible people who is really behind Boko Haram, a jihadist group, and conspiracy theories come pouring out. National politicians have stoked the fighting, some say. No, others retort: it was American and British spies who started it. Not a shred of evidence supports these...

Intrigue in the world’s most coup-prone island paradise

RUNNING A MINORITY government is rarely easy. When your party has just one seat in parliament, it should be impossible. Yet Azali Assoumani, the president of the Comoros (pictured), has largely been given a free hand by MPs. They did not demur when he dissolved the anti-corruption authority after returning to office in 2016, nor when he suspended...

Faint hopes of ending the war in Yemen

Editor’s note (December 13th, 2018): After The Economist went to press the government of Yemen and the Houthi rebels agreed on a ceasefire in Hodeida. This story has been updated to reflect those developments. “HOPE IS THE currency of the mediator,” says Martin Griffiths. If that is so, then the United Nations envoy to war-torn Yemen...

Legal

Foresight makes MEIF investment into software-based franking alternative business Postworks Limited

Foresight Group LLP (“Foresight”) announces the investment into Postworks Limited (“Postworks” or the “Company”) on behalf of the Midlands Engine Investment Fund (“MEIF”). This mark’s Foresight’s third MEIF investment since its launch in February.   Postworks is an online franking company providing small and medium...

Cambodia: Protest Supports Villagers Challenging Foreign Forest Concession

[unable to retrieve full-text content]Foreign investments; Forests and timber; Judiciary; Minority rights; Natural resources - On September 22, 2015, a group of approximately 100 Cambodians from the Phnong ethnic group rallied to support five members of the group who were questioned in court and then released. The issues involved were...

European Union: Adoption of Decision to Relocate Asylum Seekers

[unable to retrieve full-text content]Asylum; Immigration; Refugees; Treaties and International Agreements/Refugees - On September 22, 2015, the EU Justice and Home Affairs Council adopted a proposal, introduced by the European Commission on September 9, 2015, in response to the unprecedented influx of migrants who have sought refuge...

Brazil: End of Age Limit for Assisted Fertilization

[unable to retrieve full-text content]Families ; Health; Pregnancy - On September 22, 2015, the Brazilian Federal Council of Medicine (Conselho Federal de Medicina, CFM), issued Resolution No. 2,121/2015 on, inter alia, eliminating the need by women over 50 years of age to obtain the consent... The Global Legal Monitor from the Law Library of Congress...

The parallel market listing rules

"...The formation of an advanced financial and capital market open to the world, allowing greater funding. To this end, we will continue facilitating access to investing and trading in the stock markets. We will smooth the process of listing private Saudi companies and state-owned enterprises, including Aramco. This will require deepening liquidity...

Deals

Roquette invests in Israeli seed breeding company Equinom

The companies signed an agreement to develop high-protein pea varieties for food markets Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets and a pioneer in new vegetal proteins, and Equinom Ltd., an innovative Israel based breeding technology company, have signed a partnership agreement for the development...

Maitland acquires Talaria, launches Maitland Family Office

Cross-border specialist wealth service likely to appeal to those needing offshore estate planning Maitland, the global advisory and administration firm, has announced the formation of Maitland Family Office, a multi-family office to service high net worth families, individuals and entrepreneurs in South Africa. The new entity will be one of the...

MENA drops 57.6% in value of M&A

The value of mergers and acquisitions in the Middle East and North Africa region declined by 57.6 per cent in 2017, despite the deal count maintaining almost the same level as the previous year, according to Mergermarket, a provider of M&A data and intelligence. For full year 2017, 126 deals worth approximately $16 billion (Dh58.76 billion) were recorded...

Private equity consortium invests into supplier of corporate and promotional apparel

A private equity consortium comprising RMB Corvest, RMB Ventures and Ethos Mid Market Fund have, alongside management, acquired 100% of Kevro, Africa’s largest value-add supplier of corporate and promotional apparel, and other brandable products.  Kevro was acquired from Ethos Fund VI, which had owned a 72% stake in the group since 2011 and...

European business deals with Iran are safe, says Tillerson

AFP Last updated: October 22, 2017 The United States does not intend to disrupt European business deals with Iran, Secretary of State Rex Tillerson said in comments published Friday.Tillerson, speaking one week after President Donald Trump refused to certify the Iran nuclear deal and left its fate to the US Congress,...