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Air pollution costs MENA region $141 billion annually, WB warns
The Middle East and North Africa region (MENA) suffers from excessive air pollution whose cost amounts to $141 billion annually, or around 2% of GDP, the World Bank said in a report released on Monday, urging the region to adopt a green economic policy. The report, titled “Blue Skies, Blue Seas: Air Pollution, Marine Plastics, […]
Big Challenges Awaiting New U.S. Secretary of State
The stalled peace talks between the Israelis and Palestinians, the civil war in Syria, Iran’s nuclear program, North Korea, the Arab Spring uprisings, Afghanistan, Iraq and the growing threat from Islamists in North Africa are among the major hot foreign policy issues awaiting America’s new Secretary of State, John Kerry. In addition to the thorny […]
Egypt’s Shura fights Bank tax evasion
The Shura Council’s last week decision to raise taxes on bank loan provisions has generated discontent from the banking sector, after the amendments were submitted to the legislature without being discussed at the Shura. Banks in the country criticized the move which was initiated by a parliament member from Muslim Brotherhood’s Freedom and Justice Party. […]



