MENA Archives - AfricaBusiness.com

4Apr

By Africa BusinessNo Comments

Egypt News, Main

Arbitration as a Key Tool for Businesses in the MENA Region

By Samaa A. Haridi, Vice President (Egypt and USA) of the ICC International Court of Arbitration and a Partner at law firm King & Spalding. International arbitration has become a key tool for conducting business in the Middle East and North Africa (MENA) region, especially now that an increasing number of MENA businesses cross regional and international borders. The reasons behind this trend range from the need for neutral and efficient dispute resolution mechanisms, to the growing recognition of the benefits of international arbitration by governments and businesses alike, and the desire to protect investments. International arbitration offers a neutral forum for resolving disputes, which provides a level of comfort and security for businesses that operate across borders, as they ...

26Dec

By Africa BusinessNo Comments

African News

A company that knows how to make things look easy

By Thandisizwe Mgudlwa Alcatel-Lucent has a success story to tell. Its stories, references and activities in Africa in 2012 is a lesson for many other organizations who what to make it big on the continent. In a recently published document Alcatel-Lucent shares references, successes, achievement and activities in Africa; as well as vision of African Market and broadband according to Daniel Jaeger, Vice-President of Alcatel-Lucent in Africa. News from Algiers, Algeria reveal that broadband for Africa, realize the potential of a connected world and tackle rural inclusion. I – Alcatel-Lucent presence, activities and foot print in Africa. II- Broadband in Africa, vision and view according to Daniel Jaeger Vice-President of Alcatel-Lucent Africa. III - Alcatel-Lucent’s pres...

14Nov

By Africa BusinessNo Comments

African News

ThinkForex®Attends MENA 10thForex Managed Funds & Investment Summit in Dubai, United Arab Emirates

AUCKLAND, New Zealand - (Nov., 2012) -ThinkForex®, a leading international Forex broker, will be attending the MENA 10thForex Managed Funds & Investment Summit, which will be held on November 15 – 16, 2012 at the Jumeirah Beach Hotel in Dubai, United Arab Emirates. ThinkForex will be exhibiting (booth 7 & 8) at the summit and will be giving away free iPads to a couple of lucky event attendees. If you’re interested in signing up to win a free iPad, please visit www.thinkforex.com/mena2012or stop by the ThinkForex booth during the summit. Attendees are also invited to the ThinkForex booth for Forexplatform walkthroughs. Over the past few years, ThinkForexhas demonstrated tremendous growth in the global Forex market and continues its commitment as a leading Forex broker in the Middle ...

6Nov

By The African Press OrganizationNo Comments

Science

Oncobiologics and Boston Oncology Team Up to Deliver Biosimilar Therapies for Cancer and Immune Disease to Middle East and North African Markets

CRANBURY, N.J. and CAMBRIDGE, Mass., Nov. 6, 2012 /PRNewswire/ — Oncobiologics, Inc. and Boston Oncology, LLC today announced a strategic partnership that will allow Boston Oncology to license, manufacture, and commercialize four of Oncobiologics’ biosimilar therapies for cancer and immunological disease in the Middle East and North African (MENA) regions. Under the agreement, Boston Oncology—a pharmaceutical company that localizes advanced technologies and manufacturing expertise in the developing world—will provide Oncobiologics with upfront licensing payments and development milestone payments, along with royalties after the medicines are commercialized. Boston Oncology plans to oversee clinical trials and the development of manufacturing facilities for these therapies in various MEN...

6Nov

By Africa BusinessNo Comments

African News

Middle East North Africa Beverage Forecasts September 2012

NEW YORK, Nov., 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Middle East North Africa Beverage Forecasts September 2012 http://www.reportlinker.com/p01023922/Middle-East-North-Africa-Beverage-Forecasts-September-2012.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Beverage Product Synopsis Latest historical and forecast consumption trends for key beverage categories in 11 MENA markets. Introduction and Landscape Extracted from Canadean's Global Beverage Forecasts report, Middle East North Africa Beverage Forecasts includes data tables for Bahrain, Egypt, Iran, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Tunisia and United Arab Emirates, plus a regional summary. Aggregated totals for non-...

5Nov

By Africa BusinessNo Comments

Energy, Green Energy

Qatar breaks ground on solar stadium

The tender for the first solar-powered World Cup 2022 stadium has been issued and the winners will be announced in November or December, the Qatar 2022 Supreme Committee has said. Construction should follow soon thereafter and if all goes according to plan, Al Wakrah stadium will be complete as soon as 2015. “The stadium will be developed in conjunction with Qatar Foundation at Education City,” and an additional five of the 12 planned stadia are in either planning or tender stages. Qatar is taking their world cup planning very seriously, as they hope to create a cultural, economic and social legacy, although this will depend a great deal on how well they treat their foreign workers during the process. “Our aim is to ensure that the event contributes to achieving the targets set...

10Oct

By Africa BusinessNo Comments

Energy, Green Energy

Hyundai goes big at GulfSol 2013

Hyundai Heavy Industries has confirmed a major presence at GulfSol 2013 (3-5 September 2013, Dubai World Trade Centre), with the reservation of a prime-located 100 sq metre exhibition stand. The Korean solar giant has always been a key mover in emerging markets, and this sizeable booking sends out a clear message of intent to its competitors that it is making a major focus on the MENA region in the coming years, and wants to ensure it has first-mover advantage. “Even though there are 12 months to go, the demand for space has been fantastic” says Nick Thomson, Exhibition Director, GulfSol 2013, “and this move by Hyundai sends out a clear message to all those still contemplating the size and location of their stand at the show to book in early whilst there is space still available a...

8Oct

By The African Press OrganizationNo Comments

African News

Middle East and North Africa: Boosting support for women’s entrepreneurship will pay off in jobs and growth, says OECD

PARIS, France, October 8, 2012/African Press Organization (APO)/ – Governments in the Middle East and North Africa (MENA) should create urgently needed jobs for the 2.5 million people entering the labour market each year and improve their policies to encourage women’s entrepreneurship in order to reduce structural unemployment, says a new OECD report. Women in Business: Policies to Support Women’s Entrepreneurship Development in the MENA Region notes that while MENA governments have made progress over the past decade in closing the gender gap in education, more needs to be done to tackle gender inequality in business. Today, only 27% of women in the region join the labour force, compared to 51% in other low, middle and high-income economies, and only 11% are self-employed, against...

12Jul

By AfricaBusiness.comNo Comments

Africa Travel, African News

Manama Hotels Top List of Global Revenue Earners

Ernst & Young Reports Bahrain Hotels Top List of Largest Increase in Revenue per Available Room MANAMA, Bahrain, July 12, 2012 /PRNewswire-USNewswire/ -- Bahrain's hotel industry tops list of global revenue earners in the Middle East/North Africa region according to the latest report issued by Ernst & Young. Hotels in Manama reported a 52.1 percent increase in revenue per available room (RevPAR) for the first five months of 2012 as reported by Ernst & Young's Middle East Hotel Benchmark Survey for May 2012. Manama hotels also saw sustained increased in occupancy rates at 14 percent growth. This growth signals sustained growth during the peak vacation season in the Middle East. According to GulfNews.com, partner and head of MENA transaction real estate at Ernst & Young, Yous...

9Jul

By AfricaBusiness.comNo Comments

Energy, Green Energy

SunEdison Closes 98 MW of Solar Projects in Europe

SunEdison demonstrates its ability to deploy high value solar assets in Europe and to structure complex transactions attracting world class financing partners BELMONT, Calif., July 9, 2012 /PRNewswire/ -- SunEdison, a leading worldwide solar energy services provider and a subsidiary of MEMC Electronic Materials (NYSE: WFR), today provided additional details on the solar project closings announced last week. The company closed three transactions involving approximately 98 megawatts (MWp) of photovoltaic (PV) power plants in Europe during the second quarter. The transactions include the sale of a 60MWp power plant in Bulgaria to a consortium of investors consisting of an affiliate of First Reserve Energy Infrastructure Fund, Crescent Capital and ACWA Power; a 13 MWp portfolio of projects in...