Tourism Minister Hisham Zaazou has described Egypt as “a green oasis in the middle of this desert” as he made references to the ongoing turmoil in Libya, Iraq and Syria. The Minister is hopeful that Egypt’s tourism sector will be back to its golden days by the end of next year if there are no […]
Tag: Reuters
Iraq-Iran agreed weapons deal despite UN sanctions
Owing to its security troubles and fight against terrorism, Iraqsigned an arms deal with Iran in spite of U.N sanctions;a report from Reuters has revealed. The deal was reached at the end of November when the US fell short in its supposed arms deliveries despite Prime Minister Nuri al-Maliki’s visit to Washington lobbying for extra […]
Algeria: gearing up economic transformation
A top economic consultant and advisor of the Algerian government, Abdelhak Lamiri, has hinted that the government could be announcing economic reforms which could open the economy to foreign investors after the 2014 elections. In recent times, the government has taken several policies oriented towards liberalization. The current government is gearing up for an immense […]
Qatar: Ahli bank seeks capital increment
One of the banks in Qatar has announced its intentions to raise its capital value in a released statement. The bank, Ahli bank, is ranked as the seventh-largest listed by market value. It is hoping to lift up its actual capital by 20 percent. It has therefore stated that it will be issuing rights during […]



