Gulf in the News – October 9, 2012

IFC to boost investments in Yemen

Source: Saudi Gazette (Read full story)

The World Bank’s financial arm International Finance Corp (IFC) plans to increase its investments in Yemen, Iraq and North Africa next year to help support development and job creation, a senior IFC executive said.
“MENA needs to create 50-70 million jobs in the next decade. Recent events in the MENA region have created the urgency to address the fundamental conditions required to revive growth and support human development,” Dimitris Tsitsiragos, the IFC’s vice president for Europe, Middle East and North Africa, said in an interview Monday.

Next hearing in Assembly storming case on Nov 19

Source: Kuwait Times (Read full story)

The opposition figure also insisted that Al-Seyassah had deliberately changed part of the investigations and asked “why no action had been taken against the daily and those who leaked the minutes to it”.

Several former MPs also questioned outside the jam-packed courtroom why the former MPs implicated in a major corruption case have not yet been referred to the court for trial, insisting that those who defend the country and the people are mistreated while corrupt elements are let free.

UAE firm partners Gates Foundation in health initiative

 Source: Gulf News (Read full story)

The agreement, which was jointly signed in Abu Dhabi by Bill Gates, co-chair of the Gates Foundation and Mohammad Ali Al Ansari, chairman of the board of Al Ansari Exchange, will kick off with an initial co-funded contribution of $4 million to support polio eradication activities in Pakistan and Afghanistan. It will also support the prevention and treatment of NTDs in sub-Saharan Africa.

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