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Talat Zaki Hafiz
Talat Zaki Hafiz
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AIDS not killing African economies
JOHANNESBURG — A decade ago, there were plenty of doomsday forecasts asserting the AIDS pandemic would sharply curtail African economic growth with a particular focus on its impact on food security.But a series of bumper maize harvests in two of the ...
Quest gets $2.15 billion offer from a strategic bidder
New York — Quest Software Inc (QSFT.O) Thursday said a strategic bidder proposed to buy the company for about $2.15 billion in cash, outbidding an earlier offer of nearly $2 billion by a private investment firm.The current offer of $25.50 per ...
IMF raises Ethiopia 2012-13 growth forecast to 7 percent
ADDIS ABABA — Ethiopia’s economy is expected to maintain a growth rate of 7 percent in 2012/2013, the International Monetary Fund said, raising its earlier forecast of 5.5 percent owing to slowing inflation.The Washington-based body’s growth projection is below official estimates ...
Italian borrowing rates surge amid fears of Spanish contagion
People wait in queue for bread outside the charity organization “Pane Quotidiano” (“Everyday Bread”), in Milan, Italy, Thursday. — APMILAN — Italy’s borrowing costs jumped Thursday, a symptom of market fears the country may follow Spain in needing foreign financial aid, ...
British government to announce bank reforms
LONDON — The British government announced its proposals for reform of the UK banking industry Thursday, aiming to prevent a repeat of the crisis which forced taxpayers to bail out two major banks in 2008.The government said it will legislate ...
US current account deficit widens to $137.3b
WASHINGTON — The US current account trade deficit grew this winter to its widest imbalance in three years. A big increase in imports of oil, cars and machinery and a drop in US earnings on overseas investments drove the increase.The ...
‘We’re not negligent,’ says anti-drug officer
By Maryam Al-SagheerOkaz/Saudi GazetteRIYADH – Abdulelah Al-Shareef, assistant general director of Narcotics Control at the Ministry of Interior, slammed recent media reports claiming that 90 percent of narcotics are smuggled into the Kingdom without the knowledge of customs officials.“First of ...
Two accused of stealing 125 goats
JEDDAH – Two Arab expatriates accused of stealing 125 goats are being investigated at Al-Samer police station in Jeddah. The total value of the stolen goats is estimated at SR120,000. Police say they have confessed to the crime. – SG
Man drowns in Jazan valley
JAZAN – Civil Defense in Jazan responded to a call by a man who discovered a body floating in a valley near the Wadi Damd Dam. Rescue workers from the Civil Defense transferred the body to a nearby hospital morgue ...
Media crew under threat
By Saleh Al-TuraiqiOkaz newspaperIT is considered a crime when a person tries to physically prevent a TV crew from filming on public property. The attack can be considered an attack on individuals, and the TV crew has the right to ...
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