US Senate approves repeal of Caesar Act sanctions on Syria: What to know The 2019 Caesar Act imposed sweeping sanctions on Syria to hold the government accountable for human rights abuses committed during the country’s civil war. Syria
Saudi investment minister visits Morocco, Senegal on Africa trade drive Saudi Arabia has pledged more than $41 billion in investment in sub-Saharan Africa over the next decade. Saudi Arabia
Iran, Russia, Central Asia states ink Caspian Sea pact, plan naval drills The navies of Iran, Russia, Azerbaijan and Kazakhstan signed a comprehensive strategic cooperation agreement on Wednesday, aimed at strengthening security in the Caspian Sea basin as the four countries deepen their relations. Iran
World Bank ups Middle East 2025 economic outlook as oil, tourism rebound The lender expects gross domestic product growth in the region to average 2.8% this year, up from its April forecast of 2.6%. Iran
Abu Dhabi port operator acquires stake in Egyptian shipping firms Gulf countries are interested in buying Egyptian assets as the country’s economy falters. Egypt
Egyptian trade delegation visits Israel for first time in decade Economic ties between Egypt and Israel seem to be on the right path amid growing cooperation in various fields. Egypt
World Bank official: Lebanon, Yemen, Syria most food-insecure in region Many states across the Middle East and North Africa meet the criteria for food insecurity, experts said at a US Institute of Peace event. Syria
Saudis side with Egypt on Nile dam Saudi Arabia has explicitly and officially voiced its support for Egypt in the Grand Ethiopian Renaissance Dam crisis. Egypt
Outrageous prices keep Lebanese from swimming Many Lebanese have been complaining about high entrance fees to swimming pools and water resorts amid low salaries due to the local currency depreciation. Lebanon
UAE to increase exports to countries in West Africa The Emirates is one of the biggest investors in Africa. Turkey, Qatar and Israel have significant interests on the African continent as well. Legacy: Gulf
Imports up pressure on Morocco’s foreign reserves Energy and food imports alongside a growing trade deficit put pressure on Morocco’s foreign currency reserves. North Africa
Suez, Panama canals sign cooperation agreement to boost investments The Suez and Panama canals’ economic zones seek to attract more investments through a cooperation agreement to exchange experiences and information. Egypt
Egypt, Turkey hold firm on interest rates Turkish President Recep Tayyip Erdogan is adamantly opposed to raising interest rates, but some observers expected Egypt to raise rates in line with Gulf banks and the US Federal Reserve. Egypt
Egypt, Saudi Arabia sign economic agreements worth $7.7 billion Saudi Arabia intends to invest about $8 billion in various economic sectors in Egypt, which will ease the Egyptian economy's wheels amid the global crisis. Egypt
Egypt participates in Russian economic forum Egyptian President Abdel Fattah al-Sisi delivered a virtual speech at the opening session, stressing the need to find "effective solutions" to the global economic crisis. Egypt
Egypt looks for upsurge in tourists from sanctions-hit Russia Cairo and Moscow are holding talks to allow the Russian payment system MIR in Red Sea resorts. Egypt
