United Arab Emirates


AfDB to accompany Guinea towards emergence

The African Development Bank Group (AfDB) participated in a two-day conference in Abu Dhabi, United Arab Emirates from November 24th to November 25th 2013, to assist the Republic of Guinea in its efforts to attract and secure private investment as a lever for its emergence and transformation. The AfDB delegation was led by Vice President Zondo Sakala. In his remarks at the opening session,  Sakala reminded participants that while Guinea is confronted to major challenges, the country also harbors enormous potential, notably in the agriculture and natural resource sectors. Sakala...

An Inclusive Business Workshop to Take Place in Nairobi on 29-30 October 2013

A workshop on “Private Investment and Job Creation” will take place in Nairobi, Kenya on 29-30 October 2013. The meeting, which is organized in the framework of the G20 Inclusive Business Workshop series, will offer a unique opportunity to exchange, network and contribute to the development of a supportive ecosystem for inclusive businesses in Africa. It will particularly explore the potential of inclusive businesses for the sustainable development of the African continent. The G20 Inclusive Business Workshop series is an international business-to-business forum where businesses, investors...

Economic Brief - Inequality and Arab Spring Revolutions in North Africa and the Middle East

The Middle East and North Africa (MENA), made up of the Arabian Peninsula, the Levant, and North Africa (Figure 1), has one of the fastest growing populations in the world. In 2011, its population was estimated at 355 million. The region has vast reserves of oil and natural gas: estimates in 2011 put its known oil reserves at more than 50% of the global total while its known gas reserves were estimated at more than 40% of the world total. At the same time, the region accounts for over 35% of world oil production and over 20% of global natural gas production.

Four Countries Join Deauville Partnership in Support for MENA Reform

USD 38 billion available to aid change in Tunisia, Egypt, Morocco and Jordan The Deauville Partnership, set up at the G8 meeting in the French seaside town in May 2011 with the aim of supporting political and economic transformation in Tunisia, Egypt, Jordan and Morocco, has welcomed five new members. The Partnership’s founding members were the G8 countries together with Egypt and Tunisia.  After a meeting of its finance ministers in Marseilles, France, on 10 September the Partnership announced in a communiqué that Kuwait, Qatar, Saudi Arabia, Turkey and the UAE, had...