Regional News

  DUBAI / Emirates Business The latest Indosuez Wealth Management research report, ‘Macro Comment – MENA Update’, noted that the demography of the GCC region would play a crucial role in the economic growth and future of the region. “There are some interesting observations for the GCC region when we link demographics with financial markets. Replacing the investment horizon linked ...

  DUBAI / Emirates Business Investments in specialisation and preventative care may hold the key to improving both patient outcomes and hospital productivity, according to a London Business School expert. The findings come on the back of the recently announced Kuwait Development Plan (KDP) for 2015-2020, which outlines healthcare as a top government priority with sweeping reforms targeted at both ...

  DUBAI / Emirates Business More than 50,000 schools are expected to be set up throughout the Gulf region by 2020 as both public and private stakeholders seek to capitalise the growing education market throughout the region. Citing findings from the GCC Education Industry report published by Alpen Capital, organisers of the forthcoming International and Private Schools Education Forum (IPSEF) ...

  Bloomberg Tunisia is looking to form a new government after lawmakers fired the prime minister in the latest skirmish reflecting the struggle for political stability and economic growth in the birthplace of the Arab Spring. A total of 118 of 217 lawmakers voted late Saturday in favor of a no-confidence motion against Prime Minister Habib Essid. The vote sets ...

  Emirates Business Messe Frankfurt Middle East, one of the region’s largest exhibition organisers, is expanding its regional reach with the announcement of the inaugural Materials Handling Saudi Arabia 2016. The two-day conference and exhibition will take place from November 28-29 at the Park Hyatt Hotel in the port city of Jeddah, offering global suppliers and regional manufacturers direct access ...

  Riyadh / TNS In the context of the drop in oil prices, which has caused a level of disruption and re-prioritization of development agendas in Saudi Arabia and across the GCC, there is a move on the part of regional governments to look at new models for national revenue through economic diversification planning. On its part, Saudi Arabia has ...

  Jeddah / TNS The Ministry of Housing has launched Etmam e-portal to develop the real estate sector and facilitate its procedures. The e-portal is also aimed at creating an attractive opportunity to increase the volume of investments in the sector from within and outside the Kingdom in a manner that will accelerate the pace of work in housing projects. ...

  Bloomberg DNO ASA, the oil explorer focused on Iraq’s Kurdistan, offered to pay $300 million for regional peer Gulf Keystone Petroleum Ltd., which just completed a debt-restructuring deal with bondholders. DNO’s cash and share offer represents a 20 percent premium to the price of 1.09 cents at which Gulf Keystone proposed issuing shares to bondholders on July 14, the ...

  BENGHAZI / Reuters Libya’s U.N.-backed government has signed a deal with an armed brigade controlling the major Ras Lanuf and Es Sider oil ports to end a blockade and restart exports from the terminals shut down since December 2014. Reopening the ports would be a huge step for the North African state, which since the 2011 fall of Muammar ...

  Tribune News Service When the video Don’t Go To Iran first hit the internet this spring, the title made some Iranians fear it would be yet another effort to taint the country’s image. But it was quite the opposite. French filmmaker Benjamin Martinie said the video aimed to clear up misconceptions about Iran, by countering common stereotypes through clips ...