Almost fifteen years ago, I started my professional career in the oil industry by undertaking extensive training on board large oil tankers that transport crude oil from Saudi Arabia to the United States. The tanker crews always welcomed the shorter trip when we returned via the Suez Canal instead of having to travel around the […]
Tag Archives | MENA Region
INSIGHT-In Arab Spring, economic gain may trump pain
Mazen Dajani, chief executive of Jordan's CTI Group, says the Arab Spring accomplished what the global financial crisis of 2008-9 did not: it pushed his company, one of the world's largest shippers of cement, into the red. CTI's shipments to Egypt plunged during the uprising against Hosni Mubarak early last year and have yet to […]
IFC plans $1 billion MENA investments by June-end: Source
International Finance Corp., a unit of the World Bank, plans to invest close to $1 billion by the end of June in countries including Egypt, Iraq, Jordan and Libya, its regional director said on Sunday. "We've invested so far more than a billion dollar since July 2011 and plan to invest another billion," Mouayed Makhlouf, […]
Tags: MENA Region, World Bank