Economy and trade

Egyptian pound continues to lose value

Economists expect Egypt's central bank to loosen its grip on the exchange rate of the Egyptian pound in its meeting later this month, but the possible move is fraught with fears from a sharp rise in commodity prices.

Egypt

Culture

Lebanese turn to logging in preparation for winter

Lebanon’s woodlands are at risk as the poor are cutting down trees as an alternative for fuel to heat their homes in the coming winter, and with such desperate measures experts fear the loss of precious and old trees.

Lebanon

With warming of diplomatic ties, Israel, Turkey expect bilateral trade boom

Now that diplomatic relations have improved, Israel hopes to increase and expand its exportations to Turkey in fields such as water treatment, smart agriculture and energy.

Israel

Co-working draws Lebanese amid economic, power crises

Several businesses in Lebanon have started utilizing co-working spaces, allowing them to cope with crises by sharing ideas and skills as well as offices.

Lebanon

More hurdles could delay opening of Egypt’s new administrative capital

The resignations of two executives of the company managing the new administrative capital project in Cairo have raised questions about the project and its feasibility in light of the deteriorating economic situation in the country.

Egypt

Investment in Israeli food tech doubles

Israel is quickly becoming one of the world leaders in cultivated meat, dairy and seafood products.

Israel

Is dollarization best option for Lebanon’s collapsing economy?

In light of the continued collapse of the Lebanese currency, some are suggesting that the dollarization of the economy may be the best option to revive the country’s financial system.

Lebanon

Israeli settlement intended for ultra-Orthodox draws new residents

After years of failure to attract ultra-Orthodox residents, the West Bank settlement of Emmanuel is starting to interest middle-class families.

Israel

Netanyahu campaign leans on Israel's economic woes

Opposition leader Benjamin Netanyahu is focusing his electoral campaign on the failure of the government to lower the cost of living and better working conditions in schools and hospitals.

Israel

Iran’s trade with Turkmenistan on pace to double this year

Iran is seeking more trade with its neighbors and other countries in Central Asia.

Iran

Saudi Arabia to invest $1 billion in Pakistan, following UAE and Qatar

Pakistan is seeking help from the Gulf amid its foreign currency reserves crisis.

Saudi Arabia

Egypt-Chinese consortium to run terminals in Red Sea, Mediterranean ports

The Egyptian government signed new concessions with a Chinese alliance to build and operate two world-class container terminals in the ports of Sokhna and Dekhila, as part of a container logistics project to link the Red and Mediterranean seas.

Egypt