MOGADISHU - Ending Somali piracy requires a shift from reliance on security at sea to targeting those on land who enable the lucrative business to thrive, according to the World Bank. Although the number of attacks has markedly fallen since 2011 thanks to tougher security aboard ships and increased Western naval ... Read More

LAGOS - In the time it takes to read this article, Nigeria will have added 50 people to its population, or about 11,000 a day. While some see these new consumers feeding an engine of prosperity, others fear they will create a crisis of poverty and unrest. By 2050, the global ... Read More

JOHANNESBURG - Annual vehicle sales in Africa will rise nearly 20 percent in the next two years to hit the 2 million mark as the continent's burgeoning middle class trades up from motorbikes and jalopies to new cars, the regional head of General Motors (GM.N) said. The U.S. car giant sold ... Read More

MTN Group Ltd. (MTN), Africa’s largest mobile-phone operator, may spend as much as $8 billion on an acquisition, building on an increase in spending on networks last year that held back earnings. The company is seeking targets in Africa, Southeast Asia and the Middle East and will look at those that ... Read More

Job vacancies at financial-services companies in London jumped by 25 percent in the first quarter as firms bolstered their compliance and risk-management divisions to placate regulators, a survey showed. Vacancies in London’s main financial district, known as the City, and elsewhere in the British capital climbed to 7,308 from 5,859 in ... Read More

Flughafen Zurich AG, which operates Switzerland’s busiest airport, said passenger traffic rose 1.6 percent in March from a year earlier. Freight traffic decreased 4.4 percent last month to 37,720 tons.   March    Feb.    Jan.    Dec.    Nov.    Oct.   Sept. 2013    2013    2012    2012    2012    2012 -------------------------YoY%-------------------------- Total Passengers                  1.6%    4.4%   -0.5%   -0.8%   -0.6%   ... Read More

The head of Saudi Arabia's Aids charity foundation says the country saw 1,233 new cases of the disease last year. In remarks published on Tuesday in the state-owned Okaz newspaper, Dr. Sanaa bin Mustafa Flimban said 96 per cent of Aids patients in Saudi Arabia contracted Aids through sexual intercourse. She added ... Read More

Qatar's Prime Minister Sheikh Hamad bin Jassim al-Thani Qatar has agreed to buy bonds from Egypt worth $3 billion over and above a previously announced aid package, its Prime Minister Sheikh Hamad bin Jassem Al Thani said Wednesday. "We have agreed to add Egypt government bonds worth $3 billion," Sheikh Hamad ... Read More

The Global Shippers’ Forum has launched a global maritime safety campaign, aiming to improve logistics practices throughout the supply chain to ensure safer transport operations. The campaign was launched at GSF’s annual meeting in London, on 8 April, in the presence of more than 50 shipper representatives from around the world. GFS ... Read More

Turkey's Energy Minister Taner Yildiz Japanese-French consortium is in lead to build Turkey’s second nuclear plant to power country’s rapidly developing economy.   Turkey is close to making a decision in a $22 billion tender as a report said a Japanese-French consortium was in the lead to build the country's second nuclear ... Read More