Finance & economy

April 23, 2014

1

Nearly half of Arab youth plan to further their education but financial constraints holding many back


A declining number of young people in the Arab world plan to pursue further education with many citing cost as the single biggest factor holding them back but youth are optimistic about their future careers, according to findings of the 6th Annual ASDA'A Burson-Marsteller Arab Youth Survey.


Nearly half (46 per cent) of 18-24 year old Arab nationals are planning to study for a Bachelor's, Master's or a PhD or go onto vocational"......

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April 23, 2014

2

Asia Naphtha/Gasoline-Naphtha crack up on Algeria delays

The Asian naphtha crack rose to a three-month high of $151.88 a tonne on Wednesday, supported by expectations of tighter prompt supplies due to delays from the Mediterranean. Algeria has reduced naphtha output and is delaying some naphtha exports, traders said. But the reasons behind the delays were unclear. The export delay in Algeria outweighed the shutdown by JX Nippon Oil & Energy of a 443,000 tonnes-per-year cracker in Kawasaki, which uses naphtha as feedstock. "The JX impact on naphtha demand may not be big," a Singapore-based trader said. The delay also"...

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April 23, 2014

3

Bouteflika re-elected in Algeria

The question Algerians are asking is: “Can a 77-year-old man of bad health run a country?”


Last Thursday, President Abdelaziz Bouteflika was reelected, marking the beginning of his fourth term.


World Watch Monitor tells us of the concern many Algerians expressed before the election. Many parties called for a boycott of the election. Others remained apathetic, expecting little chance for any of the other candidates."......

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April 23, 2014

4

Vimpelcom resolves Algeria row with $2.6bn stake sale


Russia's Vimpelcom has resolved a long-running dispute with the Algerian government by selling it a majority stake in the country's biggest telecoms operator for $2.6 billion, while it will keep control and slash debt.


Orascom Telecom Algeria, also known as Djezzy, is a prized asset, which Vimpelcom bought in 2010 from"...

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April 23, 2014

5

Sub-Saharan Africa lures international hoteliers

INTERNATIONAL hotel groups are turning their attention to sub-Saharan Africa‚ as economic growth boosts business and leisure travel on the continent.


Hospitality development has become a pivotal strategy for hoteliers including Marriott International, Kempinski, Carlson Rezidor and InterContinental Hotels Group. This"...

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April 23, 2014

6

Marriott outlines Residence Inn expansion plans

Marriott International has added seven more Residence Inn properties to its Middle East and Africa pipeline, as the company continues to focus on the extended stay segment in the region.


The company opened its first Residence Inn in the region in Bahrain in 2012 and has confirmed that its properties under the brand in Jizan, Saudi Arabia and Kuwait will open by the end of 2014.


"......

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April 23, 2014

7

Tony Blair's 'Why the Middle East Matters' Speech - Full Transcript

It is unsurprising that public opinion in the UK and elsewhere, resents the notion that we should engage with the politics of the Middle East and beyond. We have been through painful engagements in Afghanistan and Iraq. After 2008, we have had our own domestic anxieties following the financial crisis. And besides if we want to engage, people reasonably ask: where, how and to what purpose?


"...

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April 23, 2014

8

EU call to support online media development in South Med

The EBTICAR-Media project, funded by the EU, has launched a call for proposals to support the development and structuring of online media around the Mediterranean through the allocation of subsidies from 20,000 euros up to a maximum of 80,000 euros per project.

This call is aimed at any organisation (business, association, NGO, media provider), set up in Algeria, Egypt, Jordan, Lebanon, Libya, Morocco, Palestinian Territories, Syria, and Tunisia,"...

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April 23, 2014

9

Western Sahara: Brahim Ghali Dubs 'Positive' Report Presented By Ban Ki-Moon Before Security Council

Ambassador of Sahrawi Arab Democratic Republic (SADR) to Algeria Brahim Ghali dubbed Monday "positive" the report of the United Nations Secretary General Ban Ki-moon at a Security Council meeting as he presented the Western Sahara issue as a "decolonization issue."


In a conference initiated by the Ecole Superieur of Political Sciences, the Saharawi ambassador said that this positive report will push the Security Council to review the way in which the Sahrawi issue is addressed as he clearly defined the nature of the"......

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April 23, 2014

10

Algeria faces uncertain future

Despite health problems and the fact that ailing Abdelaziz Bouteflika is confined to a wheelchair, he won a fourth term in the presidential elections conducted last week. His landslide electoral victory should surprise no one. Bouteflika was widely expected to defeat his rival in the contest. Yet, his main rival, Ali Benflis, argued that the elections as marked by “fraud on a massive scale.”

Long time observers of Algerian politics suspect that Bouteflika would not run for elections in the first place. Since he suffered from a stroke last year, Bouteflika"...

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