Mena

Headlines

The Son Protested the Dictator. The Father Helped Throw Him Out.

KHARTOUM, Sudan — As protesters massed at the gates of Sudan’s military headquarters, calling for the ouster of President Omar Hassan al-Bashir, the country’s Air Force chief stepped outside to address them.Lt. Gen. Salah Abdelkhalig, a hard-bitten veteran of Sudan’s many wars, assured the protesters they had nothing to fear from the military....

This Estonian Start-Up Has Become a Thorn in Uber’s Side

TALLINN, Estonia — Uber used to dominate ride-hailing in Poland and Kenya. Over the past two years, that started to change.In Poland, a small competitor opened a rival service and began winning customers with cheaper fares and attracting drivers by charging lower commissions. In Kenya, that same upstart grabbed business by offering motorbike rides...

Mozambique Cyclone Wiped Out the Nation’s Food. Now Aid is in Short Supply.

MASSANE, Mozambique — When the water reached their feet, the family scrambled up a mango tree. Augusto Brás, a sinewy farmer, hauled two of their children to the higher branches while his wife, Amélia Augusto, balanced on a lower bough. They clung on for three days, as the cyclone howled around them.When the water level crept up the tree trunk,...

The Revolutionary Force Behind Sudan’s Protest Movement? Doctors

Security agents chased down and pummeled the pro-democracy protester, who said his pursuers were celebrating as if they were “fishermen who just made a catch.”“‘Who are you?’” the protester, Ahmed Sanhouri, recalled the agents demanding. He carried no identification or cellphone, and he insisted he was a laborer.He is, in fact, a young doctor,...

Amid a Cyclone’s Floods and Destruction, Mozambique Finds Shards of Hope

MASSANE, Mozambique — When the water reached their feet, the family scrambled up a mango tree. Augusto Brás, a sinewy farmer, hauled two of their children to the higher branches while his wife, Amélia Augusto, balanced on a lower bough. They clung on for three days, as the cyclone howled around them.When the water level crept up the tree trunk,...

Finance

How to solve South Africa’s energy crisis

IN THE CONTROL room of Scatec Solar in Cape Town Johan Badenhorst gazes at the six monitors on the wall. The screens display the status of the firm’s 16 plants in 11 countries. The three in South Africa are doing nicely, producing enough energy to power 93,000 homes. Problems are rare, says Mr Badenhorst, Scatec’s senior control officer, before...

Raya al-Hassan takes on Lebanon’s warlords—and the patriarchy

IN A COUNTRY of crusty old warlords, Raya al-Hassan is challenging stereotypes. A decade ago she was appointed Lebanon’s finance minister, the first woman in the Arab world to hold such a post. In January she broke new ground, becoming the first female interior minister in the region. As such, she commands a force of over 40,000 police officers, including...

Chinese money is behind some of the Arab world’s biggest projects

THERE IS NOT much to see for the first 500km south of Oman’s capital, Muscat, as the highway slices through the Hajar mountains and down a barren coast. Then it hits Duqm, a sleepy fishing village that is being transformed into a mega-port. The government’s hope is to capture a share of the shipping trade between Asia, Africa and Europe. And there,...

Nigeria’s vice cops are feeling squeezed

ALTHOUGH IT IS guarded by high walls and a thick metal door, a nightclub in Kano hardly bothers to conceal its existence. Disco lights flash out on the surrounding streets. Pop music is pumped carelessly into the night air. Young men and women sip beer and sway to the rhythm, seemingly unconcerned that, under Islamic law, such depravity is punishable...

America and Iran call each other sponsors of terror

A FEW YEARS before he became president, Donald Trump’s family probably did business with associates of Iran’s ideological armed force, the Revolutionary Guard Corps (IRGC). An article published in the New Yorker in 2017 says a tower bearing the Trump name in the Azerbaijani capital, Baku, was built by a company with links to the Guards. But on...

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...