First Independent Mena Newspaper
In fiscal year 2013, the World Bank (WB) has supported 16 projects worth 2.1 billion USD, out of which 1.8 billion USD came from the International Bank for Reconstruction and Development (IBRD) and 249 million USD from the International Development Agency (IDA). 56.4 million USD were committed separately for the West Bank and Gaza. On […]
No one can deny that Arab dictatorships have protected religious minorities across the Middle East and North Africa region for decades as a result of tactical decisions meant to win the political backing of Western powers and the financial support of funding agencies. The nomination of Jewish and Christian leaders to cabinet posts in many […]
In many ways, it appears as if Algeria is weathering the Arab Spring fairly well. Despite its sheer size, it has dodged the cycle of demonstrations and upheaval, even though the Arab Spring started right in the next door Tunisia. Its long-term president Abdelaziz Bouteflika has maintained a façade of democracy, though his tenure has […]
A statement released by United Kingdom’s foreign ministry has stated that the government, in partnership with several international financial institutions, will be holding a Deauville Partnership Investment conference in September. The conference is aimed at promoting investments, trade and supporting new investors in transitional countries marred by the Arab Spring. The European Bank for Reconstruction […]
World Bank has pumped a quarter of a billion dollar in Egypt to create job opportunities. The money is channeled through labor-intensive projects with the objective of developing skills and easing the employment of people. Priority is being given to those in the poorest areas of the country such as Upper Egypt. The bank’s country […]
Long before the advent of the Arab Spring, the region was boiling as people in most of the countries of the region were denied basic social and economic rights: Unhealthy housing, below standards education, inaccessible health care, ramping unemployment etc. However hard the situation was, people seemed accommodating with their daily hardships, thanking God for […]
While protest movements and demonstrations, sometimes violent, are being staged across the Islamic world to denounce the video deemed insulting to Islam’s prophet Mohammed and to Muslims’ beliefs, Washington is fearing this violence may spread to the United States. According to US media, the FBI and the Department of Homeland Security have released a joint […]
International donors have pledged $6.4 billion to Yemen to support the country’s socioeconomic development plan, political transition and efforts to rebuild after it was rocked by political unrest and Al-Qaeda attacks. At the end of their meeting in Riyadh, which brought together more than 280 participants from 27 countries, 36 regional development & international finance […]