Singapore's DBS Group, Banque Saudi Fransi ink Asia-Gulf trade deal Trade between Southeast Asia and the GCC reached about $130.7 billion in 2023 and is expected to grow by another $50 billion by 2027, according to the Singaporean lender. Saudi Arabia
FIFA, Arab League, World Bank: Who's pledging what toward Gaza’s $70B reconstruction? More than 90% of Gaza’s residential buildings have been damaged, and nearly 70% of all structures have either been severely damaged or leveled over the course of the war. Palestine
Somaliland leader courts Ethiopia in recognition push: What to know Somaliland President Abdirahman Mohamed Abdillahi visited Ethiopia for talks focused on security and economic cooperation as the Somali breakaway territory seeks global recognition. Somalia
Hong Kong exchange expands Gulf presence with new Dubai commodities arm The emirate has positioned itself as a global commodities trading hub, with the UAE ranking second globally after the US in last year’s Commodity Trade Index. United Arab Emirates
Egypt seeks completion of pan-African road through 10 countries to Cape Town Egypt plans to work with nine other countries to complete the construction of a highway linking the country’s north to Cape Town in South Africa by 2024, with hopes of expanding trade in the African continent. Egypt
How car bombs are making their way into northern Syria As local councils in northern Syria, which is under the control of Turkish-backed rebels, fail to make car dealers obtain licenses and register their offices, chaos prevails in the car market, as car bombs and explosions claim the lives of dozens of civilians. Syria
Post-COVID Mideast economies look to the Gulf and Egypt The region took a hard hit from the pandemic, and it’s far from over, but Egypt and Saudi Arabia are managing better than expected. Regional
Lebanon's PM Diab condemns Tripoli protest violence Protesters demanding an end to the lockdown set fire on Thursday night to several buildings in the impoverished city of Tripoli. Lebanon
Nigerians stuck in Saudi Arabia are flown home Foreigners working in Saudi Arabia and other Gulf countries have gotten stranded throughout the course of the COVID-19 pandemic. Saudi Arabia
Hi-tech rivalry between Abu Dhabi and Riyadh heats up Saudi Prince Mohammed bin Salman is sparing no effort to lure business from the IT and other sectors in Abu Dhabi to the kingdom. Originals
Iraq's reform budget heads to parliament Parliament is debating the 2021 budget, which is the first budget drafted based on the White Paper for economic reform. Iraq
Egypt’s back on gold production map after loosening mining regulations The gold industry in Egypt has recently witnessed a boom after the Egyptian government amended mining regulations to attract foreign investors, while President Abdel Fattah al-Sisi plans to build a jewelry-making city. Originals
How delays at Sudan’s largest port could actually boost trade with Egypt Analysts expect the four-month suspension in Port Sudan to accelerate the launch of the Transit Trade Agreement between Egypt and Sudan and eventually bring economic and political benefits to Egypt. Egypt
Turkey’s ‘wealthless’ wealth fund a tangle of problems Turkey’s sovereign wealth fund is under mounting criticism for being exempt from public auditing despite using major public assets in its transactions. Turkey
France scores big Iraqi construction project at Turkey's expense A French company has beaten out a Turkish one for the Mosul airport project; political considerations along with economic concerns seem to have factored into Baghdad's decision. Iraq
Jordan bets on GCC deal to boost economy Jordan has attempted to remain neutral in the Gulf feud that erupted in 2017 when a Saudi-led bloc of nations cut diplomatic ties with Qatar. The kingdom has welcomed the agreement recently signed to end the Gulf dispute. Jordan
