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Global and Regional Economic Integration and Economic Growth: Lessons from Asia for the MENA Region?

The IMF Deputy Managing Director, Naoyuki Shinohara, pointed out last year that “the most striking trend in Asia’s rise as the world’s leading source of exports has been the growth in intraregional trade. While global trade and Asia’s trade with economies outside the region have doubled since 2000, intra-Asian trade has tripled, and regional trade […]

Libya: US mulling over intervention strategy against IS

The Pentagon is carefully studying military intervention options in Libya against self-style IS, a US official told reporters. “We’re looking at military options, a range of other options as… the situation in Libya unfolds,” said Pentagon press secretary Peter Cook. Cook also explained that the expansion of the terrorist group is a major concern to […]

Egypt : Qaala Holding divests stake in Pharos at $ 5.3 million deal

The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]