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One of Africa's most important and influential investment forums - the Common Market for Eastern and Southern Africa (COMESA) Investment Forum - will be held in Dubai on March 23-24, 2011, under the Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minster of the UAE and Ruler of Dubai.The COMESA region is considered the largest economic bloc in Africa. The

Gulf Arab states are spending more than $100 billion on rail projects across the region as they tackle poor public transports networks and growing populations.The six oil and gas producers of the Gulf Cooperation Council (GCC) seek to create a similar model to Europe's high-speed rail system, with plans to extend the estimated 1,940 kilometre network even to Yemen in the South of the Arabian

JEDDAH, Arabie Saoudite, 22 décembre 2010/African Press OrganizationLe Vice-président du Groupe de la Banque Africaine de Développement (BAD), M. Kamal El Kheshen et son homologue de la Banque Islamique de Développement (BID), M. Birama Boubacar Sidibé ont signé à Jeddah, mardi 21 décembre 2010, un mémorandum d’entente entre leurs deux institutions. La BID et la BAD s’engagent à participer chacun

The Chairperson of the African Union Commission, Dr Jean Ping reiterates the importance of Africa-Arab cooperation, at the 2nd Afro-Arab Summit in Sirte, LibyaThe Second Afro-Arab Summit in three decades took place on 10 October 2010 in Sirte, Libya, to explore avenues and opportunities for greater cooperation between the two regions. Jointly organised by the African Union (AU), the League of

CAIRO, Egypt, October 5, 2010/African Press Organization (APO)IFC, a member of the World Bank Group, announced today that it is investing in the Intaj Capital II fund, a $300 million fund that will invest in businesses from a range of sectors in the Middle East, North Africa, and Turkey, helping them expand rapidly to create employment opportunities.IFC is investing $20 million in the fund, which

TRIPOLI, Libya, October 6, 2010/African Press Organization (APO)The Second Afro- Arab Summit bringing together sixty-six Arabic speaking countries opens tomorrow 6 October 2010, with the High Level Official meeting, at the El Mehari Hotel in Tripoli, The Great Socialist People’s Libyan Arab Jamahiriya.Meanwhile, the African and Arab Ministerial Council is scheduled to take place on 8 October 2010

LE CAIRE, Egypte, 3 août 2010/African Press Organization (APO)Le Directeur Général de la Banque Arabe pour le Développement en Afrique (BADEA), S.E.M. Abdelaziz KHELEF a procédé le 31 juillet 2010 au Caire à la signature de quatre nouveaux accords de prêts en faveur de trois pays africains et d’une Banque Régionale d’Investissement. Ces prêts, d’un montant total de 24 millions de dollars

Cela va bientôt faire deux ans que l'on parle d'un projet de création d'un haut commissariat arabe des médias. Projet reporté pour la énième fois, lors des dernières déclarations d'Amr Moussa, secrétaire général de la ligue arabe.Le Comité permanent des médias avait jugé inutile la création d'une instance gérant les médias du monde arabe, attribuant ainsi, cette tâche aux entités nationales, tes

A core group of banks has already agreed broad terms for a restructuring deal under which billions of dollars of Dubai World loans will be repaid over five to eight years at interest rates of between 1 and 3 per cent."All the news over the past couple of weeks has signalled Dubai World will reach a final resolution with banks, so that outcome is already priced in," said Marwan Shurrab,

By Zainab Fattah [Bloomberg] - Jul 21, 2010 A dearth of Dubai home sales and foreclosure auctions is stalling a recovery because buyers aren’t able to gauge how far prices have fallen during the market’s two-year slump.“There are very few transactions at the moment,” said Craig Plumb, head of Middle East research at broker Jones Lang LaSalle Inc. “We are not going to see the bottom of the market

By Abeer Allam in Riyadh - Financial Times - Published: July 19 201While their faces might be invisible in most public places, Saudi Arabia’s female citizens spend more on hair and cosmetics per capita than almost any other women in the Middle East-----When they leave their homes, the women of Saudi Arabia veil their faces and carefully shroud themselves from head to toe in shapeless black

Gedab News,(June 2, 2010)Qatari mediators brokered an agreement between the Djiboutian and the Eritrean governments after months of shuttle diplomacy.Qatar has deployed its forces on the border between the two countries starting late Tuesday night; and by Wednesday morning, the forces had been deployed on the entire disputed areas between the two countries. The number of the Qatari forces is

The Dubai government will allow the private sector to invest in power projects in the future, but participation will be limited to 40%, Reuters reported, citing VC of the Supreme Council of Energy Saeed Mohammad Al Tayer. Coal-fired and nuclear energy technologies are being considered to diversify the different energy resources, he added. Power demand in Dubai has reached a peak in June 2010,

Dubai’s financial centre is to refocus on its core business of attracting financial institutions as the indebted emirate seeks to shrug off past excesses, according to its governor.Ahmad al-Tayer, a former finance minister who has gained influence as Dubai seeks to revive its economy, said the tax-free Dubai International Financial Centre was to restructure to boost competitiveness.This process,