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Libya’s government holed up in a 1970s hotel
Three years after Western military intervention helped topple Col Muammar Gaddafi, many believe Libya is rapidly turning into a failed state. There are two rival governments, and the parliament elected in June has been forced to flee from hostile militias - to a grey concrete 1970s hotel near the Egyptian border.
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The Saudi Banking sector and fiscal policy
The continued build-up of deposits is a positive when the banks can and must play a bigger role in driving economic development. There have been structural developments to accelerate the momentum in certain areas, for example, the mortgage law. But, in general, the banks are essential for driving private sector-led development in an economy that has historically relied very heavily on government provision and investment.
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Saudi Sentences Shiite Cleric to Death
He had told The Associated Press earlier Wednesday that he would be in the courtroom for the verdict. He could not be immediately reached again for comment.
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France says Palestinian recognition shouldn’t be merely symbolic
France's foreign minister said on Tuesday that Paris should recognize a Palestinian state only if doing so would help achieve peace, not as a symbolic gesture.
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Saudi bank’s $6 billion IPO ignites religious controversy, but IPO ‘unlikely’ to be derailed
"Plans by Saudi Arabia's biggest bank for a $6 billion initial public offer of shares, the largest-ever equity sale in the Arab world, have run into religious controversy with some clerics suggesting it violates Islamic principles" but "Securities analysts said the controversy was unlikely to sway enough investors to derail the IPO of state-owned National Commercial Bank, which is due to start next week," Reuters reports.
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Crackdown on Student Protesters in Egypt
Egyptian security forces are tightening their crackdown on student activism by arresting scores of students at the start of the school term in an effort to crush a renewed wave of protests against the military-backed government that took power last year.
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In Britain, Islamist extremist Anjem Choudary proves elusive
“We believe there will be complete domination of the world by Islam,” says the 47-year-old, calmly sipping tea and looking none the worse for having been swept up in a police raid just days earlier. “That may sound like some kind of James Bond movie — you know, Dr. No and world domination and all that. But we believe it.” With such grandiose proclamations, it is tempting to dismiss Choudary as a cartoonish hate preacher straight out of central casting. Many do. But harder to ignore is his record of inspiring impressionable young men to carry out violence in the name of Islam — both in Britain and overseas.
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Turkey approves U.S. use of its bases to fight ISIS
Turkey will let U.S. and coalition forces use its bases, including a key installation within 100 miles of the Syrian border, for operations against Islamic State of Iraq and Syria militants, American defense officials said Sunday.
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From palaces to engine-making: Morocco’s stability is attracting billions in foreign investments
Morocco has escaped the worst of the unrest that swept parts of the Middle East and North Africa since 2011 from the violent ousting of autocratic governments to the rise of extremist groups such as ISIS. The country’s main Islamist party, which has led the government since winning its first parliamentary elections three years ago, has shied away from challenging the legitimacy of the royal family. King Mohammad VI, in return, devolved some powers to the government and released Islamist activists from jail.
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Thales wins deal for Saudi air traffic technology
Thales has been awarded a foreign military sales contract by the US Air Force (USAF) to provide the Saudi Arabia National Guard with navigation aids and air traffic control tower equipment.
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