Egypt’s Sisi, Putin meet as Russia steps up Africa push: What to know Wednesday’s meeting comes on the sidelines of the third Russia-Africa Summit, a two-day gathering in Moscow bringing together African leaders and officials. Egypt
Canada, UAE sign trade pact as Ottawa seeks to diversify beyond US The agreement is set to broadly lift tariffs on key products as Canadian officials hope to boost bilateral trade to $7 billion within a decade. United Arab Emirates
Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest France now has commitments for 295,000 metric tons of diesel per month from the Gulf, accounting for just over 10% of the European country’s consumption. Bahrain
Saudi Arabia postpones 'Davos in the Desert' until 2027 amid Houthi attacks The Future Investment Initiative, which typically attracts the CEOs of some of the biggest companies in business, finance, and technology to Riyadh, will now be held next year. Saudi Arabia
Analysis How Hormuz crisis is reshaping economic ties between Iraq and Syria By Shelly Kittleson In Baghdad, reporting on Iraqi politics
Japan to help struggling Palestinian tourism industry A Japanese nonprofit is also supporting a female-run dairy farm in the Gaza Strip. Palestine
Tunisia's future darkens with dissolution of parliament Tunisia's president has taken a darker turn after unilaterally dissolving parliament and threatening to put elected deputies on trial. North Africa
Israel takes global lead in fintech Effects of the war in Ukraine set aside, the Israeli fintech sector is expected to continue growing this year and attract more global investments. Israel
Egypt cotton exports record high revenues despite Russia-Ukraine war Despite the Russian war on Ukraine and its negative repercussions on global trade, Egypt succeeded in exporting 50,000 tons, or up to 75%, of its cotton production this season. Egypt
Egypt turns to Suez Canal to boost revenues The waterway’s authority has announced significant increases in transit tolls in recent weeks that are expected to bring in much-needed additional resources to help Cairo navigate its economic challenges. Egypt
Turkey-Colombia trade doubles in 2021 Turkey has also sought good relations with Venezuela in South America. Turkey
Gaza’s poor, reconstruction projects victims of Russia-Ukraine war The Russia war on Ukraine took a toll on the Gaza Strip, where the vulnerable population is facing increasing hardships in securing basic necessities as a result of soaring prices, in addition to halting construction projects due to high prices of building materials. Palestine
Israeli business leaders expect surge in trade with Morocco Morocco hopes to replicate, and even exceed, Israel-UAE business ties. Israel
Oman's fiscal outlook improves as oil prices surge Efforts to put public finances on a healthy footing and tackle chronic budget deficits have started to pay off, facilitated by a sharp increase in oil prices, Oman’s main export. Legacy: Gulf
Egypt seeks to contain price hikes caused by Ukraine crisis Egypt is dealing with soaring prices of bread and food products. Egypt
Israel, UAE to cooperate on clean hydroelectricity Israeli companies are eager to cooperate with Emirati partners for the development of clean, cheap and low-energy hydrogen production. Israel
Emirati and Turkish businesspeople discuss bilateral trade, investment The meeting between the Abu Dhabi Chamber of Commerce and Turkey’s ULUSKON business federation occurred in the context of rapprochement between the United Arab Emirates and Turkey. Turkey
