Suez Canal traffic soars as Hormuz disruptions reroute energy trade The canal generated $419 million in revenue in April, up 27% year over year. Egypt
Syria says Iraqi oil shipments surge as Damascus courts foreign energy investment Speaking at the Atlantic Council Global Energy Forum in Washington on Tuesday, Syrian Petroleum Company CEO Yousef Qiblawy said Iraq's overland oil exports through Syria have expanded rapidly in recent months. Syria
Explainer Saudi Arabia, Turkey advance plans to revive historic Hejaz Railway Turkish and Saudi officials signed agreements as part of a Turkish push to revive the Hejaz Railway linking Turkey to the Gulf through Syria, Jordan and Saudi Arabia. Turkey
Analysis Turkey pushes Iraq, Syria trade routes as Hormuz crisis disrupts Gulf shipping Turkey is using the Hormuz crisis to promote Iraq- and Syria-based Gulf-Europe corridors, but experts say the routes remain too costly, underbuilt and politically fragile to rival maritime shipping. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Analysis Why Turkey sees opportunity in Hormuz crisis to boost Middle Corridor By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Iraq gives visa on arrival to citizens of 30 countries The list includes the United States, China and other large economies in a bid to attract investment to Iraq; most foreigners need to apply for a visa before traveling to Iraq. Iraq
Egypt seeks land route with Jordan, Iraq to boost trade Egypt recently announced a deal between Jordan and Iraq for the establishment of a land route connecting the three countries, in a bid to boost economic and trade relations between them. Egypt
Is Turkey challenging Egyptian influence in Guinea-Bissau? Amid regional warnings of Turkey's growing role in West Africa, including Guinea-Bissau, Egyptian President Abdel Fattah al-Sisi received a call from Umaro Sissoco Embalo, president of Guinea-Bissau, to discuss ways to develop cooperation in the economic and security fields. Egypt
The Netherlands puts Qatar trade event on hold over foreign workers' deaths The Dutch government postponed a trade mission in Qatar after a report on thousands of workers dying there since the country was awarded the 2022 World Cup. Qatar
Lebanese pound falls to all-time low on black market as people protest Lebanon's harrowing economic crisis worsened when the pound fell against the dollar again on the black market. Lebanon
Turkey emerges with ‘Pyrrhic growth’ from pandemic-hit 2020 Turkey’s economy grew 1.8% last year despite the pandemic, but not without major risks and downsides, including a smaller GDP in terms of dollars. Turkey
Egypt boosts investment in Congo, hoping to secure support in Nile dam crisis As Egypt seeks to grow its influence in Congo by boosting investments, Kinshasa takes over the chairmanship of the African Union, which is currently sponsoring the negotiations to resolve the dispute over the Grand Ethiopian Renaissance Dam. Egypt
Despite coronavirus, Suez Canal records high revenues Despite the negative repercussions of the outbreak of the coronavirus on global trade, the Suez Canal took in $5.61 billion in 2020, its third-highest total ever. Egypt
Egyptian-Turkish trade agreement comes under fire A member of the Egyptian parliament called for the need to reconsider the free trade agreement between Egypt and Turkey signed 15 years ago, claiming that it harms Egyptian interests and favors Turkish exporters. Egypt
Egypt concerned UAE-Israeli pipeline project will affect Suez Canal Egyptian officials have been expressing concern over the anticipated competition from the Eilat-Ashkelon pipeline project that would transport Emirati oil to Ashkelon in Israel and from there to European markets. 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
