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African Development Bank in $250 million loan for Morocco

African Development Bank in $250 million loan for Morocco

May 14, 2012

The African Development Bank has loaned $250 million (193 million euros) to help development in Morocco's phosphate industry, which accounts for nearly a third of exports, MAP news agency said Friday.

The agreement, which was the first of its kind for a Moroccan company not to be underwritten by the state, was signed by the chief executive of...

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Qatar North Field gas reservoir study to be completed next year May 20, 2012

A reservoir study of Qatar's North Gas Field Development will be completed next year and will give the country's energy ministry valuable data on how...

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Bank Nizwa to open more branches May 20, 2012

Following the launch of its initial public offering (IPO), Bank Nizwa is planning to expand its operational capability, targeting a launch date...

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Bahrain Marks International Workers’ Day May 20, 2012

His Majesty King Hamad bin Isa Al-Khalifa today deputized Labour Minister Jameel bin Mohammed Ali Humaidan to attend the annual ceremony marking the International...

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KAC suffering from great negligence May 20, 2012

The Kuwait Airways Corporation (KAC) is suffering from great negligence which has caused problems with its fleet, shortage of services, and many delays. “The fleet is very old; it’s more than 20 years old, so technical problems are bound to occur. The delay which took place last Thursday...

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Samsung smartphone set for Saudi launch May 20, 2012

Shastech, the authorized reseller for Samsung products in Saudi Arabia, will be launching the new Samsung Galaxy SIII smartphone at the upcoming GITEX Saudi Arabia 2012 expo to be held in Riyadh.

The Gitex Saudi Arabia, an attractive environment for the region’s ICT businesses as well as...

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Commercial licences in Abu Dhabi hit 2,000 in first quarter May 20, 2012

Overall, the total number of commercial businesses currently licensed in the emirate is near 106,000 with the new issues, according to the emirate's Department of Economic Development (DED).

The number of new licences, however, receded from 768 issued in January to 685 in March.

The DED...

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