Economy and trade

Egypt bets on oranges to boost exports to Japan

Japan allowed the Egyptian government to export citrus fruits after long negotiations between the two sides, in a step officials and experts believe will contribute to increasing Egyptian exports, pumping foreign currency into the country, creating job opportunities and increasing farmers’ income.

Egypt

Lebanese brace for lifting of subsidies as conditions deteriorate

As Lebanon suffers from its worst economic crisis in decades, the Lebanese are growing concerned as the central bank warns that its reserves will soon be depleted, forcing it to lift subsidies off basic commodities.

Lebanon

Inflation rises in Turkey as lira falls for ninth consecutive day

Turkey’s lira hit new lows Tuesday, becoming the worst-performing emerging market currency of the year following a rise in inflation last month.

Turkey

Egypt, Ukraine discuss cooperation in furniture industry

Egypt and Ukraine step up cooperation in the furniture industry, as both countries eye new markets in Africa and Eastern Europe.

Originals

Egypt-Sudan eye cross border railway network

Railway discussions follow increased engagement and coordination over Egyptian dispute with Ethiopia over Grand Ethiopian Renaissance Dam.

Egypt

Egypt looks to South Korea to revitalize small businesses

Egypt has moved to cooperate with South Korea to develop its small and medium-sized enterprises sector, which is the main pillar of sustainable development and a key to creating jobs for the country’s youth.

Originals

Al-Azhar, Egyptian observers and activists divided over boycotting French products

Egypt’s Al-Azhar, along with social media activists from Egypt and the Arab world, launched harsh campaigns against the French government for supporting the cartoons that offended the Prophet Muhammad.

Egypt

Erdogan’s economic policies show growing disconnect from working class

Turkish President Recep Tayyip Erdogan aims for social justice by distributing the loot to his favorite powerful elites at the expense of hardworking blue- and white-collar professionals.

Turkey

Turkish lira slump continues as foreign tensions simmer

The Turkish lira continued record losses Tuesday against major currencies as analysts questioned Central Bank independence and Ankara saw political spats deepen with foreign allies.

Turkey

Egypt swoops in Saudi markets amid boycott of Turkish products

Egypt is trying to substitute Turkish products with Egyptian products in Saudi Arabia, in an attempt to exploit the popular boycott campaign launched by the Saudis against Turkish products in light of the Turkish-Saudi tensions.

Originals

Can Gulf states adopt universal basic income?

Existing social welfare systems have insulated Gulf nationals from changing economic realities and the likelihood of a major global energy transition in the coming decades.

Legacy: Gulf

Misfiring trade policies could lead Iran to deeper trade deficit

Iran is working to develop non-oil exports in the face of US sanctions, but the country's trade policies are in dire need of reform before real progress will be feasible.

United States