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DP World secures 20-year deal to operate Angolan port

DP World secures 20-year deal to operate Angolan port
logisticsmiddleeast.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from logisticsmiddleeast.com Daily Mail and Mail on Sunday newspapers.

New Oman Crown Prince And Basic Law Works To End Political And Economic Uncertainty

Oman’s Sultan Haitham has declared an end to the former succession system created by the sultanate’s predecessor. The event’s announcements came on the anniversary of the leader’s succession, along with the proclamation of a new crown prince and Basic Law of the State, to allow for the modernization and transformation of the Gulf nation’s economic, political, and social structures. The crown prince will be Sultan Haitham’s oldest son, Dhi Yazin bin Haitham, who was previously the country’s minister for culture, sports, and the youth. The change in the succession system presents more clarity for Oman’s future. Former Sultan Qaboos’s heir was ambiguously kept hidden from the country and royal family until after the leader’s death in 2020, and much of Qaboos’s final years were met with concern, as it was unknown whose hands the country would be placed in. Additionally, Dhi Yazin may offer promising future events for Oman in the economic department, a desperately n

Lebanon s Political Economy: From Predatory to Self-Devouring - Carnegie Middle East Center - Carnegie Endowment for International Peace

Summary Over the past three decades, Lebanon’s ruling class which comprises intertwined political and business elites has run the country into the ground. To survive its ongoing accumulation of challenges, including the financial crisis that erupted in October 2019, Lebanon requires a revamped state backed by a new economic model with social justice at its core. Tax reform is central to such an endeavor and to ensuring that the state has the means both to deliver basic services and to tackle poverty and inequality. Key Themes Since 2005, Lebanon has been characterized by extreme inequality in both income and wealth. The richest 1 percent of the population receives, on average, 25 percent of national income, while the poorest half receives less than 10 percent. Regarding wealth, the richest 10 percent of the population owns almost 70 percent of total wealth. Additionally, the middle class and the poor have little chance of upward mobility.

Former minister to chair CCQ Board of Trustees

Former minister to chair CCQ Board of Trustees  13 Jan 2021 - 9:07 Dr. Hessa bint Sultan Al-Jaber, Chair of CCQ’s Board of Trustees The Peninsula Doha: The Council of Ministers Office Decision No. 14 of 2020 on restructuring the board to include three new members has approved Dr. Hessa bint Sultan Al Jaber to chair the Board of Trustees of the Community College of Qatar (CCQ).  Dr. Hessa is a pioneer in the country’s development process, and she had held several important positions. She is a member of the Shura Council and the third Qatari woman to assume a ministerial position.  In 2013, she was listed among the 500 most powerful Arabs in the world in Arabian Business magazine. Then, she ranked 20th on the 2013 Arabian Business’ list of 100 most powerful Arab women in April. 

First Lebanese banking merger since 2019 agreed as capital pressures rise – Ya Libnan

Share: Bank Audi says it is merging the local business operations of Audi Private Bank and Audi Investment Bank into its business The Lebanese banking sector has witnessed its first merger since the financial crisis hit the country in 2019, as banks continue to  experience difficult and uncertain operating conditions. Bank Audi is merging the local business operations of its fully-owned subsidiaries Audi Private Bank and Audi Investment Bank into its own business. All the assets, liabilities rights, and commitments of Audi Private Bank and Audi Investment Bank will be transferred to Bank Audi. The total assets of Audi Private Bank stood at $1.43 billion while the assets of Audi Investment Bank totalled $307.5 million.

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