Mena

Headlines

Ajay Gupta, Riled by South African Graft Inquiry, Denies Charges From Afar

Ajay Gupta, Riled by South African Graft Inquiry, Denies Charges From AfarImageAjay Gupta and his brothers are accused of having built a business empire based on graft through their ties with former President Jacob Zuma, his family and allies.CreditCreditJoao Silva/The New York TimesBy Norimitsu Onishi and Selam GebrekidanOct. 21, 2018DUBAI —...

At Least 55 Killed in Communal Violence in Central Nigeria

At Least 55 Killed in Communal Violence in Central NigeriaImageThe Ganaropp village in Plateau State, Nigeria, after Fulani herdsman attacked the village, in June. Deadly communal violence has flared repeatedly in central Nigeria in recent years.CreditCreditStefan Heunis/Agence France-Presse — Getty ImagesBy The New York TimesOct. 21, 2018More...

Africa’s Youngest Billionaire Is Freed After Abduction in Tanzania

Africa’s Youngest Billionaire Is Freed After Abduction in TanzaniaBy ReutersOct. 20, 2018ImageMohammed Dewji in 2015.CreditCreditKhalfan Said Hassan/Agence France-Presse — Getty ImagesDAR ES SALAAM, Tanzania — Africa’s youngest billionaire, who was abducted a week ago outside a luxury hotel in Tanzania, has returned home safely,...

Ebola Outbreak in Congo Not a Global Emergency, W.H.O. Says

Ebola Outbreak in Congo Not a Global Emergency, W.H.O. SaysImageA health worker sprays disinfectant on his colleague after working at an Ebola treatment center in Beni, Congo.CreditCreditAl-Hadji Kudra Maliro/Associated PressBy Nick Cumming-Bruce and Donald G. McNeil Jr.Oct. 17, 2018GENEVA — World health officials on Wednesday expressed deep concern...

U.S. Military Airstrike Kills 60 Shabab Fighters in Somalia

U.S. Military Airstrike Kills 60 Shabab Fighters in SomaliaImageSomali soldiers patrolling at a military base shortly after an American soldier was killed in June. The Shabab, Al Qaeda’s affiliate in East Africa, have proved resilient.CreditCreditMohamed Abdiwahab/Agence France-Presse — Getty ImagesBy Eric SchmittOct. 16, 2018WASHINGTON...

Finance

Airlines in the Middle East are forced to take the long way

N CALMER times the flight from Dubai to Beirut ends with stunning vistas of the hills of Damascus and the mountains of Lebanon. But for years the airspace over Syria has been crowded with warplanes. The Gulf airlines no longer use it. Instead Emirates, the flag carrier of Dubai, detours across Saudi Arabia and Egypt, adding 700km to the trip. The...

China is broadening its efforts to win over African audiences

Installing a Jackie Chan can EVER SINCE the Kenyan government signed a deal in 2014 for a state-owned Chinese company to build a railway between Nairobi and Kenya’s main port in Mombasa, the project has attracted controversy. Its price per km was three times the international benchmark and four times the original estimate. Many Kenyans suspect...

Zimbabwe’s shops are empty and prices are soaring

AT A SUPERMARKET in Harare, Zimbabwe’s capital, the finance minister is staring aghast at a pack of nappies. “This is absolutely ridiculous!”, exclaims Mthuli Ncube. “$49!” A manager says it cost $23 two weeks ago, before pointing out other eye-watering items such as $20 Coco Pops. Escalating prices are all too familiar to Zimbabweans....

Saudi Arabia’s alliances are being tested as never before

WHEN AMERICA’S secretary of state, Mike Pompeo, met Saudi officials in Riyadh on October 16th, they smiled, posed for photographs and talked about jet lag. They did not dwell on the Saudi journalist, Jamal Khashoggi, allegedly carved up with a bone saw. Two weeks earlier Mr Khashoggi, who lived in self-imposed exile, walked into the Saudi...

Redemption city is the anti-Lagos

Eat, pray, direct traffic THE NEW church in Redemption City is only half-built. Already this great aeroplane hangar of a building measures 1.5km by 1km. Compared with it, Tesla’s “gigafactory” is a poky warehouse and St Peter’s Basilica is a quaint parish church. Yet the church is not the most extraordinary thing about Redemption City. In...

Legal

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...

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...

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...

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...

Law Library of Congress: Global Legal Monitor

Law Library of Congress: Global Legal Monitorhttp://www.loc.gov/lawweb/servlet/lloc_news?home</link> The Global Legal Monitor is an online publication from the Law Library of Congress covering legal news and developments worldwide. It is updated frequently and draws on information from the Global Legal Information Network, official national...

Deals

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,...

Mourant Ozannes advises Saudi Aramco on US$10 Billion Islamic bond issuance programme

Mourant Ozannes has advised the Saudi Arabian Oil Company, otherwise known as Saudi Aramco, in connection with the corporate structuring of its first Sukuk Issuance Programme, for an issuance of up to SAR 37.5 billion (US$10 billion) Sukuk (Islamic bonds), and its SAR 11.25 billion (US$3 billion) Sukuk issuance under the Programme. The Mourant Ozannes...

Job fair offers hope for Syrian refugees in Jordan

Around 50 companies were represented at the one-day event Wednesday as they scouted for candidates to fill some 1,000 job opportunities, compiling lists of applicants by name, age and qualification.The EU-funded job fair, a first at the desert camp that houses some 80,000 refugees, comes after the launch in August of the only employment office at Zaatari...