INTERNATIONAL. The Iranians understand that having nuclear weapons is dangerous but that having a weapons program is advantageous. The nuclear program is merely a tool to divert attention from what is actually happening - a shift in the balance of power in the Middle East.
INTERNATIONAL. New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around US$1,098 billion by 2020, from a 2008 total of US$293 billion.
UAE. Egis acquires 51% of Projacs, the leading project and construction management firm in the Middle East. This transaction represents a new stepping stone for the development of both Egis and Projacs.