Mena

Headlines

Hundreds of Thousands Flee Congo Violence, in Region Afflicted by Ebola

GENEVA — Hundreds of thousands of people have fled an explosion of ethnic violence in northeastern Democratic Republic of Congo in the past two weeks, the United Nations said on Tuesday, creating a new humanitarian emergency in a region where international agencies are struggling to control an outbreak of ebola.The United Nations refugee agency said...

Grow Faster, Grow Stronger: Speed-Breeding Crops to Feed the Future

Farmers and plant breeders are in a race against time. The world population is growing rapidly, requiring ever more food, but the amount of cultivable land is limited. Warmer temperatures have extended growth seasons in some areas — and brought drought and pests to others. “We face a grand challenge in terms of feeding the world,” said Lee Hickey,...

Dozens Are Killed in Triple Suicide Bombing in Nigeria

KANO, Nigeria — At least 30 people were killed in a triple suicide bombing in northeastern Nigeria, emergency services reported on Monday, in an attack bearing the hallmarks of the Boko Haram jihadist group.Three bombers detonated their explosives late Sunday outside a hall in the town of Konduga, where soccer fans were watching a game on television....

Sudan’s Deposed Dictator Makes First Appearance Since Ouster

KHARTOUM, Sudan — Sudan’s deposed dictator, Omar Hassan al-Bashir, was taken from a Khartoum prison to face corruption charges on Sunday, in his first public appearance since he was ousted from power in April.Appearing in a white robe and turban, as he did for much of his 30 years in power, Mr. al-Bashir was led through the gates of Kober prison,...

Deadly Shabab Explosions in Mogadishu Kill at Least 8

NAIROBI — A car bomb exploded on Saturday at a checkpoint near the Somali Parliament, killing at least eight people and injuring 16 others, medical and police officials said.“We have confirmed eight people killed and 16 others wounded in the blast,” according to a statement issued by Aamin Ambulance, a privately-owned medical transportation service.A...

Finance

Gulf states are becoming more adventurous investors

A DECADE AGO, few people in Silicon Valley had heard of Uber or the Public Investment Fund (PIF). The former had not provided its first ride. The latter, a Saudi sovereign-wealth fund, was a small entity with investments in local industry. But when the ride-sharing firm went public in May the PIF was among its five largest shareholders. It had bought...

An attack on free speech in Nigeria

NIGERIA’S PRESIDENT, Muhammadu Buhari, once described press freedom as a “sound democratic ideal”. At the time he was on the presidential campaign trail, keen to prove himself a democrat and to jettison the baggage of his 20 months as military ruler in the 1980s. He told bosses of media companies that, if elected, he would uphold the constitution...

Two years after a disastrous referendum, Iraq’s Kurds are prospering

THE MONITOR recording the descent of a drill beneath the green hills of Khor Mor, in Iraqi Kurdistan, flashes 3,044—or just over 3km. In a caravan next to a roaring derrick a Canadian oilman and his team from Crescent Petroleum, a company based in the United Arab Emirates, watch for the first signs of gas. Other wells in the area are already meeting...

A struggle for power in Sudan could lead to civil war

SAMAHIR MUBARAK, a 29-year-old pharmacist, points to a television in the corner of her living room. On the flickering screen a presenter warns viewers not to pick up the weapons that litter the streets of Sudan’s capital, Khartoum. “Peaceful, always peaceful,” urges the presenter of “Sudan of Tomorrow”, a new TV channel. For Ms Mubarak, the...

Botswana legalises gay sex

IN ZIMBABWE “SODOMY” can land you in prison for a year. In Zambia “carnal knowledge against the order of nature” could mean seven or more years behind bars. Uganda passed a law in 2013 punishing gay acts with life imprisonment, though a court later struck it down. Botswana’s high court decided that such laws “deserve a place in the museum...

Legal

Foresight makes MEIF investment into software-based franking alternative business Postworks Limited

Foresight Group LLP (“Foresight”) announces the investment into Postworks Limited (“Postworks” or the “Company”) on behalf of the Midlands Engine Investment Fund (“MEIF”). This mark’s Foresight’s third MEIF investment since its launch in February.   Postworks is an online franking company providing small and medium...

Cambodia: Protest Supports Villagers Challenging Foreign Forest Concession

[unable to retrieve full-text content]Foreign investments; Forests and timber; Judiciary; Minority rights; Natural resources - On September 22, 2015, a group of approximately 100 Cambodians from the Phnong ethnic group rallied to support five members of the group who were questioned in court and then released. The issues involved were...

European Union: Adoption of Decision to Relocate Asylum Seekers

[unable to retrieve full-text content]Asylum; Immigration; Refugees; Treaties and International Agreements/Refugees - On September 22, 2015, the EU Justice and Home Affairs Council adopted a proposal, introduced by the European Commission on September 9, 2015, in response to the unprecedented influx of migrants who have sought refuge...

Brazil: End of Age Limit for Assisted Fertilization

[unable to retrieve full-text content]Families ; Health; Pregnancy - On September 22, 2015, the Brazilian Federal Council of Medicine (Conselho Federal de Medicina, CFM), issued Resolution No. 2,121/2015 on, inter alia, eliminating the need by women over 50 years of age to obtain the consent... The Global Legal Monitor from the Law Library of Congress...

The parallel market listing rules

"...The formation of an advanced financial and capital market open to the world, allowing greater funding. To this end, we will continue facilitating access to investing and trading in the stock markets. We will smooth the process of listing private Saudi companies and state-owned enterprises, including Aramco. This will require deepening liquidity...

Deals

Israel’s Magenta Venture Partners announces first closing of a new $100M fund focused on early stage Israeli startups

Israeli VC firm Magenta Venture Partners announced today a new venture capital fund targeting $100 million. The new fund had its initial closing in October 2018 and is planning its final closing in 2019. Magenta Venture Partners is an equal partnership between Mitsui & Co. Ltd., one of the largest trading and investment companies in Japan,...

Roquette invests in Israeli seed breeding company Equinom

The companies signed an agreement to develop high-protein pea varieties for food markets Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets and a pioneer in new vegetal proteins, and Equinom Ltd., an innovative Israel based breeding technology company, have signed a partnership agreement for the development...

Maitland acquires Talaria, launches Maitland Family Office

Cross-border specialist wealth service likely to appeal to those needing offshore estate planning Maitland, the global advisory and administration firm, has announced the formation of Maitland Family Office, a multi-family office to service high net worth families, individuals and entrepreneurs in South Africa. The new entity will be one of the...

MENA drops 57.6% in value of M&A

The value of mergers and acquisitions in the Middle East and North Africa region declined by 57.6 per cent in 2017, despite the deal count maintaining almost the same level as the previous year, according to Mergermarket, a provider of M&A data and intelligence. For full year 2017, 126 deals worth approximately $16 billion (Dh58.76 billion) were recorded...

Private equity consortium invests into supplier of corporate and promotional apparel

A private equity consortium comprising RMB Corvest, RMB Ventures and Ethos Mid Market Fund have, alongside management, acquired 100% of Kevro, Africa’s largest value-add supplier of corporate and promotional apparel, and other brandable products.  Kevro was acquired from Ethos Fund VI, which had owned a 72% stake in the group since 2011 and...